AllianceBernstein National Municipal Income Fund
AFB
34 hedge funds and large institutions have $27.4M invested in AllianceBernstein National Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 6 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
0% more capital invested
Capital invested by funds: $27.3M → $27.4M (+$29.9K)
0.33% less ownership
Funds ownership: 7.17% → 6.84% (-0.33%)
11% less funds holding
Funds holding: 38 → 34 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$813K |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$606K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$384K |
| 4 |
Morgan Stanley
New York
|
+$217K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$95.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.61M |
| 2 |
ACM
Argentus Capital Management
Dallas,
Texas
|
-$880K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$353K |
| 4 |
WFI
West Family Investments
Carlsbad,
California
|
-$298K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$201K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WTC
26
WhitTier Trust Company
Reno,
Nevada
| $54K | – | – | – |
|
|
NFG
27
Next Financial Group
Houston,
Texas
| $35K | +$35.2K | +2,572 | New |
|
|
MA
28
MCF Advisors
Covington,
Kentucky
| $27K | +$452 | +33 | +2% |
|
|
WA
29
WFG Advisors
Dallas,
Texas
| $23K | – | – | – |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $19K | +$9.2K | +672 | +101% |
|
|
M
31
MOTCO
San Antonio,
Texas
| $17K | – | – | – |
|
32
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| $13K | – | – | – |
|
|
TWA
33
TCI Wealth Advisors
Tucson,
Arizona
| $12K | +$12.2K | +893 | New |
|
34
Citigroup
New York
| $1K | -$52.7K | -3,851 | -99% |
|
|
ACM
35
Argentus Capital Management
Dallas,
Texas
| – | -$880K | -66,327 | Closed |
|
|
SIA
36
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$353K | -26,600 | Closed |
|
|
WFI
37
West Family Investments
Carlsbad,
California
| – | -$298K | -22,450 | Closed |
|
|
KCPG
38
Kavar Capital Partners Group
Leawood,
Kansas
| – | -$33K | -4,500 | Closed |
|
|
MA
39
MUFG Americas
New York
| – | -$1K | -51 | Closed |
|
AFB Hedge Fund Activity: Q2 2014 in Review
34 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2014, worth a combined $27.4M — up 0.11% from $27.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of AFB and 2 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 13 added.
The largest buyer was Advisors Asset Management, adding an estimated $813K. The largest seller was Invesco, cutting an estimated $1.61M.
- 34 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2014, down from 38 in Q1 2014.
- Funds reported $27.4M of AllianceBernstein National Municipal Income Fund stock for Q2 2014, up 0.11% quarter-over-quarter.
- 2 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2014 and 6 closed out, a net change of -4 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2014 was Advisors Asset Management, an estimated $813K added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q2 2014 was Invesco, an estimated $1.61M sold.
Based on aggregated 13F filings for Q2 2014.