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AFB

AllianceBernstein National Municipal Income Fund
AFB

50 hedge funds and large institutions have $39.6M invested in AllianceBernstein National Municipal Income Fund in 2015 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

19% more funds holding

Funds holding: 42 → 50 (+8)

18% more capital invested

Capital invested by funds: $33.4M → $39.6M (+$6.12M)

1.54% more ownership

Funds ownership: 8.8% → 10.34% (+1.5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
50
Holders Change
+8
Holders Change %
+19.05%
% of All Funds
1.4%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
15
Reduced
10
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCA
Samson Capital Advisors
New York
+$3.79M
2
KIM
Karpus Investment Management
New York
+$1.08M
3
CRC
Curi RMB Capital
Illinois
+$647K
4
GC
Guggenheim Capital
Illinois
+$486K
5
LCM
Landscape Capital Management
New Jersey
+$383K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.83M
2
SWM
Segment Wealth Management
Texas
-$283K
3
Bank of America
Bank of America
North Carolina
-$182K
4
Invesco
Invesco
Georgia
-$167K
5
PPA
Parametric Portfolio Associates
Washington
-$116K
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
26
Thomas J. Herzfeld Advisors
Florida
$223K +$222K +16,789 New
VKH
27
Virtu KCG Holdings
New York
$222K +$220K +16,667 New
PRCM
28
Pine River Capital Management
Minnesota
$197K – – –
TC
29
TFS Capital
Pennsylvania
$197K +$196K +14,800 New
FI
30
FormulaFolio Investments
Michigan
$195K +$194K +14,692 New
WSFS
31
Wilmington Savings Fund Society
Delaware
$187K – – –
Baird Financial Group
32
Baird Financial Group
Wisconsin
$175K +$5.02K +380 +3%
SWP
33
Stratos Wealth Partners
Ohio
$170K – – –
OC
34
Oppenheimer & Co
New York
$170K +$33.7K +2,550 +25%
US Bancorp
35
US Bancorp
Minnesota
$170K +$59.4K +4,492 +54%
BFEC
36
Benjamin F. Edwards & Company
Missouri
$158K +$2.34K +177 +2%
WAM
37
Wolverine Asset Management
Illinois
$149K +$149K +11,240 New
Invesco
38
Invesco
Georgia
$141K -$167K -12,620 -54%
AIG
39
American International Group
New York
$140K – – –
MFS
40
MSI Financial Services
Massachusetts
$114K – – –
SA
41
SRH Advisors
Kansas
$106K – – –
WTC
42
WhitTier Trust Company
Nevada
$52K – – –
MA
43
MCF Advisors
Kentucky
$29K +$436 +33 +2%
Citigroup
44
Citigroup
New York
$26K -$3.12K -236 -11%
CAPTRUST Financial Advisors
45
CAPTRUST Financial Advisors
North Carolina
$12K – – –
PCTC
46
Perkins Coie Trust Company
Washington
$11K – – –
RIA
47
Regal Investment Advisors
Michigan
$10K +$10.6K +800 New
BCM
48
Brookstone Capital Management
Illinois
$8K – – –
Creative Planning
49
Creative Planning
Kansas
$6K +$6.13K +464 New
PG
50
Patten Group
Tennessee
$3.9K – – –
1
2
3

AFB Hedge Fund Activity: Q3 2015 in Review

50 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2015, worth a combined $39.6M — up 18% from $33.4M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new AFB positions and 3 closed out — a net gain of 8 holders — while 15 added to existing stakes and 10 trimmed.

The largest buyer was Samson Capital Advisors, opening a new position worth an estimated $3.79M. The largest seller was Advisors Asset Management, cutting an estimated $1.83M.

  • 50 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2015, up from 42 in Q2 2015.
  • Funds reported $39.6M of AllianceBernstein National Municipal Income Fund stock for Q3 2015, up 18% quarter-over-quarter.
  • 11 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2015 and 3 closed out, a net change of +8 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2015 was Samson Capital Advisors, an estimated $3.79M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q3 2015 was Advisors Asset Management, an estimated $1.83M sold.

Based on aggregated 13F filings for Q3 2015.