We are live on ! Find out more
AFB

AllianceBernstein National Municipal Income Fund
AFB

54 hedge funds and large institutions have $48M invested in AllianceBernstein National Municipal Income Fund in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

13% more funds holding

Funds holding: 48 → 54 (+6)

2.33% less ownership

Funds ownership: 13.4% → 11.07% (-2.3%)

14% less capital invested

Capital invested by funds: $55.6M → $48M (-$7.66M)

24% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 17

Holders
54
Holders Change
+6
Holders Change %
+12.5%
% of All Funds
1.44%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
12
Increased
13
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$1.35M
2
RCM
Robinson Capital Management
Michigan
+$1.34M
3
CRC
Curi RMB Capital
Illinois
+$638K
4
Stifel Financial
Stifel Financial
Missouri
+$334K
5
Wells Fargo
Wells Fargo
California
+$319K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$6.03M
2
PPA
Parametric Portfolio Associates
Washington
-$3.27M
3
LPL Financial
LPL Financial
California
-$1.94M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.22M
5
WAM
Wolverine Asset Management
Illinois
-$579K
Name Holding Trade Value Shares
Change 		Change in
Stake
FI
26
FormulaFolio Investments
Michigan
$304K +$43.2K +2,915 +17%
PCP
27
Proficio Capital Partners
Massachusetts
$290K +$19K +1,282 +7%
HCM
28
Hollencrest Capital Management
California
$268K – – –
VKH
29
Virtu KCG Holdings
New York
$266K +$261K +17,627 New
C
30
CFO4Life
Texas
$252K +$3.1K +209 +1%
OFG
31
OTA Financial Group
New York
$252K +$248K +16,733 New
RJFSA
32
Raymond James Financial Services Advisors
Florida
$243K – – –
Creative Planning
33
Creative Planning
Kansas
$237K +$17.8K +1,200 +8%
WRM
34
Westport Resources Management
Connecticut
$221K -$4.99K -337 -2%
US Bancorp
35
US Bancorp
Minnesota
$215K +$21.6K +1,459 +11%
WSFS
36
Wilmington Savings Fund Society
Delaware
$213K – – –
OC
37
Oppenheimer & Co
New York
$183K – – –
CS
38
Credit Suisse
Switzerland
$172K +$169K +11,400 New
LNWWM
39
Laird Norton Wetherby Wealth Management
California
$156K +$153K +10,316 New
MFS
40
MSI Financial Services
Massachusetts
$147K -$202K -13,653 -58%
AG
41
Advisor Group
Arizona
$134K +$133K +9,000 New
BFEC
42
Benjamin F. Edwards & Company
Missouri
$123K -$88K -5,943 -42%
SA
43
SRH Advisors
Kansas
$121K – – –
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$111K +$109K +7,371 New
GWM
45
Geneos Wealth Management
Colorado
$106K – – –
WTC
46
WhitTier Trust Company
Nevada
$63K – – –
GI
47
Gradient Investments
Minnesota
$47K – – –
MA
48
MCF Advisors
Kentucky
$35K +$430 +29 +1%
DADC
49
D.A. Davidson & Co
Montana
$35K +$34.6K +2,336 New
IA
50
IFP Advisors
Florida
$26K +$25.1K +1,692 New
1
2
3

AFB Hedge Fund Activity: Q2 2016 in Review

54 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2016, worth a combined $48M — down 14% from $55.6M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new AFB positions and 6 closed out — a net gain of 6 holders — while 13 added to existing stakes and 17 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $1.35M. The largest seller was Karpus Investment Management, cutting an estimated $6.03M.

  • 54 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2016, up from 48 in Q1 2016.
  • Funds reported $48M of AllianceBernstein National Municipal Income Fund stock for Q2 2016, down 14% quarter-over-quarter.
  • 12 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2016 and 6 closed out, a net change of +6 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2016 was Advisors Asset Management, an estimated $1.35M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q2 2016 was Karpus Investment Management, an estimated $6.03M sold.

Based on aggregated 13F filings for Q2 2016.