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AFB

AllianceBernstein National Municipal Income Fund
AFB

48 hedge funds and large institutions have $55.6M invested in AllianceBernstein National Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 13

7% more capital invested

Capital invested by funds: $51.9M → $55.6M (+$3.77M)

0.35% more ownership

Funds ownership: 13.05% → 13.4% (+0.35%)

11% less funds holding

Funds holding: 54 → 48 (-6)

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
48
Holders Change
-6
Holders Change %
-11.11%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
3
Increased
19
Reduced
13
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$769K
2
PPA
Parametric Portfolio Associates
Washington
+$767K
3
NCM
Newgate Capital Management
Connecticut
+$755K
4
SBH
Segall Bryant & Hamill
Illinois
+$641K
5
Bank of America
Bank of America
North Carolina
+$393K

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$797K
2
AAM
Advisors Asset Management
Colorado
-$700K
3
Squarepoint
Squarepoint
New York
-$364K
4
CRC
Curi RMB Capital
Illinois
-$342K
5
SG Americas Securities
SG Americas Securities
New York
-$263K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$313K – – –
PCP
27
Proficio Capital Partners
Massachusetts
$263K +$84.5K +6,000 +49%
HCM
28
Hollencrest Capital Management
California
$256K – – –
FI
29
FormulaFolio Investments
Michigan
$249K +$30K +2,129 +14%
C
30
CFO4Life
Texas
$238K +$3.07K +218 +1%
RJFSA
31
Raymond James Financial Services Advisors
Florida
$232K – – –
WRM
32
Westport Resources Management
Connecticut
$216K +$46.3K +3,290 +28%
PRCM
33
Pine River Capital Management
Minnesota
$213K – – –
Creative Planning
34
Creative Planning
Kansas
$210K +$197K +14,000 +2,806%
SWM
35
Segment Wealth Management
Texas
$207K -$28.2K -2,000 -12%
WSFS
36
Wilmington Savings Fund Society
Delaware
$204K – – –
BFEC
37
Benjamin F. Edwards & Company
Missouri
$203K +$28K +1,990 +16%
US Bancorp
38
US Bancorp
Minnesota
$185K – – –
OC
39
Oppenheimer & Co
New York
$175K -$38K -2,700 -18%
AIG
40
American International Group
New York
$137K -$14.1K -1,000 -10%
SA
41
SRH Advisors
Kansas
$116K – – –
GWM
42
Geneos Wealth Management
Colorado
$101K +$99.4K +7,060 New
WTC
43
WhitTier Trust Company
Nevada
$61K +$4.22K +300 +8%
GI
44
Gradient Investments
Minnesota
$45K – – –
MA
45
MCF Advisors
Kentucky
$33K +$422 +30 +1%
NFG
46
Next Financial Group
Texas
$20K +$19.7K +1,400 New
CAPTRUST Financial Advisors
47
CAPTRUST Financial Advisors
North Carolina
$13K – – –
PCTC
48
Perkins Coie Trust Company
Washington
$12K – – –
PG
49
Patten Group
Tennessee
$2 – – –
LCM
50
Landscape Capital Management
New Jersey
– -$797K -57,745 Closed
1
2
3

AFB Hedge Fund Activity: Q1 2016 in Review

48 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2016, worth a combined $55.6M — up 7.3% from $51.9M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of AFB and 3 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 19 added.

The largest buyer was UBS Group, adding an estimated $769K. The largest seller was Landscape Capital Management, exiting entirely with an estimated $797K sold.

  • 48 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2016, down from 54 in Q4 2015.
  • Funds reported $55.6M of AllianceBernstein National Municipal Income Fund stock for Q1 2016, up 7.3% quarter-over-quarter.
  • 3 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2016 and 9 closed out, a net change of -6 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2016 was UBS Group, an estimated $769K added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q1 2016 was Landscape Capital Management, an estimated $797K sold.

Based on aggregated 13F filings for Q1 2016.