AAM Transformers ETF
TRFM
27 hedge funds and large institutions have $88.3M invested in AAM Transformers ETF in 2025 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 4 reducing their positions, and 1 closing their positions.
900% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 1
175% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 4
50% more funds holding
Funds holding: 18 → 27 (+9)
9% more capital invested
Capital invested by funds: $80.7M → $88.3M (+$7.55M)
7.63% more ownership
Funds ownership: 71.1% → 78.73% (+7.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$2.66M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.9M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$1.88M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$937K |
| 5 |
KCFA
Key Client Fiduciary Advisors
Fairfield,
New Jersey
|
+$790K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$3.39M |
| 2 |
KPWS
Kestra Private Wealth Services
Austin,
Texas
|
-$43.8K |
| 3 |
PTC
Private Trust Company
Cleveland,
Ohio
|
-$21.7K |
| 4 |
GSWM
Golden State Wealth Management
Santa Ana,
California
|
-$21.6K |
| 5 |
FMTC
Farmers & Merchants Trust Company
Long Beach,
California
|
-$18.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFCL
26
Strengthening Families & Communities LLC
Boston,
Massachusetts
| $23.8K | – | – | – |
|
27
Morgan Stanley
New York
| $14.2K | – | – | – |
|
|
GSWM
28
Golden State Wealth Management
Santa Ana,
California
| – | -$21.6K | -446 | Closed |
|
TRFM Hedge Fund Activity: Q4 2025 in Review
27 of the 8,227 institutional investors tracked by Wall St. Rank reported a position in AAM Transformers ETF (TRFM) for Q4 2025, worth a combined $88.3M — up 9.3% from $80.7M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new TRFM positions and 1 closed out — a net gain of 9 holders — while 11 added to existing stakes and 4 trimmed.
The largest buyer was Raymond James Financial, adding an estimated $2.66M. The largest seller was LPL Financial, cutting an estimated $3.39M.
- 27 institutional investors held AAM Transformers ETF (TRFM) as of Q4 2025, up from 18 in Q3 2025.
- Funds reported $88.3M of AAM Transformers ETF stock for Q4 2025, up 9.3% quarter-over-quarter.
- 10 funds opened new AAM Transformers ETF positions in Q4 2025 and 1 closed out, a net change of +9 holders.
- The largest AAM Transformers ETF buyer in Q4 2025 was Raymond James Financial, an estimated $2.66M added.
- The largest AAM Transformers ETF seller in Q4 2025 was LPL Financial, an estimated $3.39M sold.
Based on aggregated 13F filings for Q4 2025.