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AFB

AllianceBernstein National Municipal Income Fund

43 hedge funds and large institutions have $31.4M invested in AllianceBernstein National Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 10 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 8

13% more funds holding

Funds holding: 3843 (+5)

0.15% less ownership

Funds ownership: 8.83%8.68% (-0.15%)

4% less capital invested

Capital invested by funds: $32.7M → $31.4M (-$1.33M)

41% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 17

Holders
43
Holders Change
+5
Holders Change %
+13.16%
% of All Funds
1.25%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
13
Increased
10
Reduced
17
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
WS
26
Wedbush Securities
California
$193K +$1.03K +82 +0.5%
BFEC
27
Benjamin F. Edwards & Company
Missouri
$179K +$1.15K +91 +0.6%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$171K -$29K -2,303 -14%
US Bancorp
29
US Bancorp
Minnesota
$151K -$4.13K -328 -3%
HK
30
Horizon Kinetics
New York
$146K -$13.7K -1,087 -9%
AQR Capital Management
31
AQR Capital Management
Connecticut
$130K +$131K +10,384 New
AIG
32
American International Group
New York
$125K -$42.9K -3,406 -25%
MFS
33
MSI Financial Services
Massachusetts
$97K -$9.15K -726 -9%
WTC
34
WhitTier Trust Company
Nevada
$47K -$88.2K -7,000 -65%
KCPG
35
Kavar Capital Partners Group
Kansas
$42K +$75.6K +6,000 New
MA
36
MCF Advisors
Kentucky
$26K +$429 +34 +2%
M
37
MOTCO
Texas
$16K
WA
38
WFG Advisors
Texas
$16K
CAPTRUST Financial Advisors
39
CAPTRUST Financial Advisors
North Carolina
$11K -$5.7K -452 -33%
TRCT
40
Tower Research Capital (TRC)
New York
$9K -$8.67K -688 -49%
Citigroup
41
Citigroup
New York
$6K +$6.18K +490 New
WEC
42
Winslow Evans & Crocker
Massachusetts
$2K +$1.83K +145 New
MA
43
MUFG Americas
New York
$1K +$643 +51 New
WAM
44
Wolverine Asset Management
Illinois
-$589K -45,656 Closed
DA
45
Doliver Advisors
Texas
-$322K -24,918 Closed
PP
46
Paloma Partners
Connecticut
-$147K -11,400 Closed
PFO
47
Pathstone Family Office
New Jersey
-$100K -7,705 Closed
Ameriprise
48
Ameriprise
Minnesota
-$29K -2,264 Closed
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
-$26K -2,000 Closed
Creative Planning
50
Creative Planning
Kansas
-$13K -1,000 Closed

AFB Hedge Fund Activity: Q4 2013 in Review

43 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2013, worth a combined $31.4M — down 4.1% from $32.7M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new AFB positions and 8 closed out — a net gain of 5 holders — while 10 added to existing stakes and 17 trimmed.

The largest buyer was NWAM LLC, opening a new position worth an estimated $1.36M. The largest seller was Sit Investment Associates, cutting an estimated $5.29M.

  • 43 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2013, up from 38 in Q3 2013.
  • Funds reported $31.4M of AllianceBernstein National Municipal Income Fund stock for Q4 2013, down 4.1% quarter-over-quarter.
  • 13 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2013 and 8 closed out, a net change of +5 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2013 was NWAM LLC, an estimated $1.36M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q4 2013 was Sit Investment Associates, an estimated $5.29M sold.

Based on aggregated 13F filings for Q4 2013.