AB Tax-Aware Long Municipal

TAFL • ARCA

AB Tax-Aware Long Municipal is an exchange-traded fund on ARCA. As of Q3 2025, 14 institutional investors hold shares in this ETF, with total holdings valued at $28.6M. ALLIANCEBERNSTEIN L.P. is the largest holder with a position valued at $19.0M.

Overview

Overview of institutional ownership in TAFL as of Q3 2025

All Institutions

Institutions: 14
Value Held: $28.6M
Shares Held: 1.1M
Avg Position: $2.0M
Median Position: $607.9K

Hedge Funds

Hedge Funds: 0
Value Held: -
Shares Held: -
Avg Position: -
Median Position: -

Biggest Investors

Institutions with the largest positions in TAFL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$19.0M 0.01% of portfolio	760.9K shares	Q4 2023 Held for 1y 11m	$317.45B
H Heck Capital Advisors, LLC RIA/Wealth	Kenneth Robert Heck CFO	$2.1M 0.17% of portfolio	84.1K shares	Q3 2025 Held for 2 months	$1.3B
Advisory Resource Group RIA/Wealth	Christopher Grant Brown CCO	$2.0M 0.38% of portfolio	79.9K shares	Q2 2025 Held for 5 months	$523.1M
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	James Loren Cahn Chairman	$1.3M 0.00% of portfolio	53.5K shares	Q4 2024 Held for 11 months	$65.5B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$1.1M 0.00% of portfolio	45.0K shares	Q3 2024 Held for 1y 2m	$341.99B
Capital Investment Counsel, Inc RIA/Wealth	William Harold Eddins President	$824.8K 0.10% of portfolio	33.0K shares	Q4 2024 Held for 11 months	$820.9M
H HB Wealth Management, LLC Institution	-	$645.0K 0.00% of portfolio	25.8K shares	Q1 2024 Held for 1y 8m	$14.7B
Beacon Pointe Advisors, LLC RIA/Wealth	Shannon Elizabeth Eusey CEO	$570.9K 0.00% of portfolio	22.8K shares	Q4 2024 Held for 11 months	$11.8B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$381.3K 0.00% of portfolio	15.3K shares	Q1 2024 Held for 1y 8m	$1.56T
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	$305.5K 0.00% of portfolio	12.2K shares	Q2 2025 Held for 5 months	$71.1B

Net Capital Flow

Institutional buying and selling activity for TAFL in Q3 2025

Traded: +$563.0K
Buyers: 10
Sellers: 4
Total Bought: +$3.7M
Total Sold: −$3.2M
Avg Position: $1.7M

Biggest Buyers

Institution	Net Bought	Current Position
H Heck Capital Advisors, LLC RIA/Wealth	+$2.1M +84.1K shares	$2.1M 84.1K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$583.7K +23.4K shares	$19.0M 760.9K shares
Koshinski Asset Management, Inc. RIA/Wealth	+$274.3K +11.0K shares	$274.3K 11.0K shares
Beacon Pointe Advisors, LLC RIA/Wealth	+$273.7K +11.0K shares	$570.9K 22.8K shares
Capital Investment Counsel, Inc RIA/Wealth	+$200.0K +8.0K shares	$824.8K 33.0K shares
Advisory Resource Group RIA/Wealth	+$171.1K +6.8K shares	$2.0M 79.9K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	+$94.4K +3.8K shares	$305.5K 12.2K shares
A Advisor Group Holdings, Inc. Institution	+$24.2K +1.0K shares	$24.2K 1.0K shares
A Advisory Services Network, LLC RIA/Wealth	+$12.3K +493.0 shares	$12.3K 493.0 shares
H HB Wealth Management, LLC Institution	+$6.7K +269.0 shares	$645.0K 25.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
McAdam, LLC RIA/Wealth	−$2.5M −103.4K shares	Sold Off 0 shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$385.7K −15.4K shares	$1.1M 45.0K shares
J JANE STREET GROUP, LLC Institution	−$258.5K −10.6K shares	Sold Off 0 shares
UBS Group AG Institution	−$2.2K −91.0 shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited TAFL in Q3 2025

New Positions: 4
New Value: $2.4M
Exited Positions: 3
Exited Value: $2.8M

New Positions

Institution	Position Value
H Heck Capital Advisors, LLC RIA/Wealth	$2.1M 84.1K shares
Koshinski Asset Management, Inc. RIA/Wealth	$274.3K 11.0K shares
A Advisor Group Holdings, Inc. Institution	$24.2K 1.0K shares
A Advisory Services Network, LLC RIA/Wealth	$12.3K 493.0 shares

Exited Positions

Institution	Previous Position
McAdam, LLC RIA/Wealth	$2.5M 103.4K shares
J JANE STREET GROUP, LLC Institution	$258.5K 10.6K shares
UBS Group AG Institution	$2.2K 91.0 shares

Options Activity

Institutions with the largest Call and Put options positions in TAFL as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with TAFL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Advisory Resource Group RIA/Wealth	Christopher Grant Brown CCO	0.38% $2.0M	79.9K shares	Q2 2025 Held for 5 months	$523.1M
H Heck Capital Advisors, LLC RIA/Wealth	Kenneth Robert Heck CFO	0.17% $2.1M	84.1K shares	Q3 2025 Held for 2 months	$1.3B
Capital Investment Counsel, Inc RIA/Wealth	William Harold Eddins President	0.10% $824.8K	33.0K shares	Q4 2024 Held for 11 months	$820.9M
Koshinski Asset Management, Inc. RIA/Wealth	David Paul Koshinski CEO	0.02% $274.3K	11.0K shares	Q3 2025 Held for 2 months	$1.5B
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	0.01% $19.0M	760.9K shares	Q4 2023 Held for 1y 11m	$317.45B
Beacon Pointe Advisors, LLC RIA/Wealth	Shannon Elizabeth Eusey CEO	0.00% $570.9K	22.8K shares	Q4 2024 Held for 11 months	$11.8B
H HB Wealth Management, LLC Institution	-	0.00% $645.0K	25.8K shares	Q1 2024 Held for 1y 8m	$14.7B
Capital Investment Advisory Services, LLC RIA/Wealth	Richard King Bryant President	0.00% $30.0K	1.2K shares	Q1 2025 Held for 8 months	$1.3B
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	James Loren Cahn Chairman	0.00% $1.3M	53.5K shares	Q4 2024 Held for 11 months	$65.5B
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	0.00% $305.5K	12.2K shares	Q2 2025 Held for 5 months	$71.1B