We are live on ! Find out more
TAFM icon

AB Tax-Aware Intermediate Municipal ETF
TAFM

41 hedge funds and large institutions have $418M invested in AB Tax-Aware Intermediate Municipal ETF in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 6 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

450% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 2

250% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 6

28% more funds holding

Funds holding: 32 → 41 (+9)

21% more capital invested

Capital invested by funds: $345M → $418M (+$73.4M)

4.13% less ownership

Funds ownership: 99.65% → 95.53% (-4.1%)

Holders
41
Holders Change
+9
Holders Change %
+28.13%
% of All Funds
0.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
21
Reduced
6
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$52.8M
2
JP Morgan Chase
JP Morgan Chase
New York
+$7.02M
3
LPL Financial
LPL Financial
California
+$3.73M
4
EC
Elequin Capital
New York
+$2.25M
5
FWA
FSM Wealth Advisors
Ohio
+$2.18M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$4.37M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$2.79M
3
NP
NorthRock Partners
Minnesota
-$1.71M
4
NA
NewEdge Advisors
Louisiana
-$521K
5
AP
Americana Partners
Texas
-$224K
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
1
AllianceBernstein
Tennessee
$245M +$52.8M +2,068,313 +27%
NP
2
NorthRock Partners
Minnesota
$32.4M -$1.71M -67,090 -5%
LA
3
LVW Advisors
New York
$25.6M +$980K +38,423 +4%
LPL Financial
4
LPL Financial
California
$19.5M +$3.73M +146,268 +24%
HighTower Advisors
5
HighTower Advisors
Illinois
$14.1M +$128K +5,009 +0.9%
FWA
6
FSM Wealth Advisors
Ohio
$11.3M +$2.18M +85,612 +24%
JP Morgan Chase
7
JP Morgan Chase
New York
$7.34M +$7.02M +275,183 +2,008%
Truist Financial
8
Truist Financial
North Carolina
$7.05M +$1.27M +49,930 +22%
Raymond James Financial
9
Raymond James Financial
Florida
$5M +$1.15M +45,104 +30%
AP
10
Americana Partners
Texas
$4.84M -$224K -8,801 -4%
DWM
11
Dynasty Wealth Management
Florida
$4.45M +$58.9K +2,311 +1%
Jane Street
12
Jane Street
New York
$4.32M +$1.68M +65,802 +63%
BPA
13
Beacon Pointe Advisors
California
$3.79M +$2.09M +82,075 +122%
AFP
14
Ausdal Financial Partners
Iowa
$3.65M +$59K +2,314 +2%
ARG
15
Advisory Resource Group
Oklahoma
$3.1M -$3.27K -128 -0.1%
Envestnet Asset Management
16
Envestnet Asset Management
Illinois
$2.95M -$2.79M -109,451 -49%
Goldman Sachs
17
Goldman Sachs
New York
$2.89M -$4.37M -171,331 -60%
LFG
18
Leverty Financial Group
Wisconsin
$2.35M +$2.13M +83,692 +975%
EC
19
Elequin Capital
New York
$2.24M +$2.25M +88,061 New
CIA
20
Concurrent Investment Advisors
Florida
$2.04M +$385K +15,086 +23%
Osaic Holdings
21
Osaic Holdings
Arizona
$1.58M +$441K +17,301 +39%
PAG
22
Private Advisor Group
New Jersey
$1.56M +$73.5K +2,883 +5%
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$1.56M +$118K +4,630 +8%
NA
24
NewEdge Advisors
Louisiana
$1.41M -$521K -20,415 -27%
KAS
25
Kestra Advisory Services
Texas
$977K +$607K +23,786 +162%
1
2

TAFM Hedge Fund Activity: Q4 2025 in Review

41 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in AB Tax-Aware Intermediate Municipal ETF (TAFM) for Q4 2025, worth a combined $418M — up 21% from $345M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new TAFM positions and 2 closed out — a net gain of 9 holders — while 21 added to existing stakes and 6 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $52.8M. The largest seller was Goldman Sachs, cutting an estimated $4.37M.

  • 41 institutional investors held AB Tax-Aware Intermediate Municipal ETF (TAFM) as of Q4 2025, up from 32 in Q3 2025.
  • Funds reported $418M of AB Tax-Aware Intermediate Municipal ETF stock for Q4 2025, up 21% quarter-over-quarter.
  • 11 funds opened new AB Tax-Aware Intermediate Municipal ETF positions in Q4 2025 and 2 closed out, a net change of +9 holders.
  • The largest AB Tax-Aware Intermediate Municipal ETF buyer in Q4 2025 was AllianceBernstein, an estimated $52.8M added.
  • The largest AB Tax-Aware Intermediate Municipal ETF seller in Q4 2025 was Goldman Sachs, an estimated $4.37M sold.

Based on aggregated 13F filings for Q4 2025.