AllianceBernstein National Municipal Income Fund
AFB
38 hedge funds and large institutions have $32.7M invested in AllianceBernstein National Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 8 reducing their positions, and 6 closing their positions.
113% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 8
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
3% more funds holding
Funds holding: 37 → 38 (+1)
1.18% less ownership
Funds ownership: 10.01% → 8.83% (-1.2%)
15% less capital invested
Capital invested by funds: $38.7M → $32.7M (-$5.98M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ST
Sageworth Trust
Lancaster,
Pennsylvania
|
+$1.79M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$979K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$683K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$550K |
| 5 |
SWM
Segment Wealth Management
Houston,
Texas
|
+$220K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.62M |
| 3 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$1.51M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$671K |
| 5 |
UR
USCA RIA
Houston,
Texas
|
-$499K |
AFB Hedge Fund Activity: Q3 2013 in Review
38 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2013, worth a combined $32.7M — down 15% from $38.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new AFB positions and 6 closed out — a net gain of 2 holders — while 17 added to existing stakes and 8 trimmed.
The largest buyer was Sageworth Trust, opening a new position worth an estimated $1.79M. The largest seller was Sit Investment Associates, cutting an estimated $4.2M.
- 38 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2013, up from 37 in Q2 2013.
- Funds reported $32.7M of AllianceBernstein National Municipal Income Fund stock for Q3 2013, down 15% quarter-over-quarter.
- 8 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2013 and 6 closed out, a net change of +2 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2013 was Sageworth Trust, an estimated $1.79M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q3 2013 was Sit Investment Associates, an estimated $4.2M sold.
Based on aggregated 13F filings for Q3 2013.