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AAM Transformers ETF
TRFM

18 hedge funds and large institutions have $80.7M invested in AAM Transformers ETF in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 1 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,100% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 1

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

36% more capital invested

Capital invested by funds: $59.4M → $80.7M (+$21.3M)

13% more funds holding

Funds holding: 16 → 18 (+2)

17.7% less ownership

Funds ownership: 88.8% → 71.1% (-18%)

Holders
18
Holders Change
+2
Holders Change %
+12.5%
% of All Funds
0.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
12
Reduced
1
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$13.4M
2
Osaic Holdings
Osaic Holdings
Arizona
+$1.39M
3
Raymond James Financial
Raymond James Financial
Florida
+$810K
4
KCFA
Key Client Fiduciary Advisors
New Jersey
+$307K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$223K

Top Sellers

Rank Fund Capital Flow
1
Mariner
Mariner
Kansas
-$2.78M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$738K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$64.1M +$13.4M +297,168 +29%
Osaic Holdings
2
Osaic Holdings
Arizona
$5.07M +$1.39M +30,899 +39%
SWM
3
SeaCrest Wealth Management
New York
$2.7M +$2.16K +48 +0.1%
Commonwealth Equity Services
4
Commonwealth Equity Services
Massachusetts
$1.71M +$34.5K +766 +2%
KPWS
5
Kestra Private Wealth Services
Texas
$1.39M +$6.89K +153 +0.5%
Cetera Investment Advisers
6
Cetera Investment Advisers
Illinois
$1.23M +$187K +4,144 +20%
FMTC
7
Farmers & Merchants Trust Company
California
$1.03M +$146K +3,238 +18%
KCFA
8
Key Client Fiduciary Advisors
New Jersey
$1.01M +$307K +6,806 +48%
Raymond James Financial
9
Raymond James Financial
Florida
$900K +$810K +17,981 +2,982%
Envestnet Asset Management
10
Envestnet Asset Management
Illinois
$547K +$223K +4,955 +78%
BWP
11
Balboa Wealth Partners
Arizona
$294K +$21.2K +471 +8%
PS
12
Principal Securities
Iowa
$229K +$213K +4,734 New
PTC
13
Private Trust Company
Ohio
$177K +$12.9K +287 +9%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$163K -$738K -16,384 -83%
SPIA
15
Steward Partners Investment Advisory
New York
$149K +$139K +3,081 New
SFCL
16
Strengthening Families & Communities LLC
Massachusetts
$24.2K – – –
GSWM
17
Golden State Wealth Management
California
$21.6K – – –
Morgan Stanley
18
Morgan Stanley
New York
$14.4K +$13.4K +298 New
Mariner
19
Mariner
Kansas
– -$2.78M -64,255 Closed

TRFM Hedge Fund Activity: Q3 2025 in Review

18 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in AAM Transformers ETF (TRFM) for Q3 2025, worth a combined $80.7M — up 36% from $59.4M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new TRFM positions and 1 closed out — a net gain of 2 holders — while 12 added to existing stakes and 1 trimmed.

The largest buyer was LPL Financial, adding an estimated $13.4M. The largest seller was Mariner, exiting entirely with an estimated $2.78M sold.

  • 18 institutional investors held AAM Transformers ETF (TRFM) as of Q3 2025, up from 16 in Q2 2025.
  • Funds reported $80.7M of AAM Transformers ETF stock for Q3 2025, up 36% quarter-over-quarter.
  • 3 funds opened new AAM Transformers ETF positions in Q3 2025 and 1 closed out, a net change of +2 holders.
  • The largest AAM Transformers ETF buyer in Q3 2025 was LPL Financial, an estimated $13.4M added.
  • The largest AAM Transformers ETF seller in Q3 2025 was Mariner, an estimated $2.78M sold.

Based on aggregated 13F filings for Q3 2025.