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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$52.8M |
| 2 |
JP Morgan Chase
New York
|
+$7.02M |
| 3 |
LPL Financial
San Diego,
California
|
+$3.73M |
| 4 |
EC
Elequin Capital
New York
|
+$2.25M |
| 5 |
FWA
FSM Wealth Advisors
Cleveland,
Ohio
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$4.37M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.79M |
| 3 |
NP
NorthRock Partners
Minneapolis,
Minnesota
|
-$1.71M |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$521K |
| 5 |
AP
Americana Partners
Houston,
Texas
|
-$224K |
TAFM Hedge Fund Activity: Q4 2025 in Review
41 of the 8,270 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.