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AFB

AllianceBernstein National Municipal Income Fund
AFB

53 hedge funds and large institutions have $50.7M invested in AllianceBernstein National Municipal Income Fund in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

6% more capital invested

Capital invested by funds: $48M → $50.7M (+$2.75M)

0.94% more ownership

Funds ownership: 11.07% → 12.01% (+0.94%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

2% less funds holding

Funds holding: 54 → 53 (-1)

Holders
53
Holders Change
-1
Holders Change %
-1.85%
% of All Funds
1.41%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
20
Reduced
14
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
William Blair & Company
William Blair & Company
Illinois
+$2.23M
2
AAM
Advisors Asset Management
Colorado
+$1.67M
3
EDRIA
Edmonds Duncan Registered Investment Advisors
Kansas
+$1.41M
4
Wells Fargo
Wells Fargo
California
+$1.07M
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$854K

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$795K
2
Baird Financial Group
Baird Financial Group
Wisconsin
-$576K
3
CRC
Curi RMB Capital
Illinois
-$473K
4
GC
Guggenheim Capital
Illinois
-$400K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$388K
Name Holding Trade Value Shares
Change 		Change in
Stake
PCP
26
Proficio Capital Partners
Massachusetts
$280K -$6.96K -470 -2%
HCM
27
Hollencrest Capital Management
California
$261K – – –
SIM
28
Strategic Investment Management
Virginia
$252K +$254K +17,173 New
RJFSA
29
Raymond James Financial Services Advisors
Florida
$237K +$163 +11 +0.1%
Creative Planning
30
Creative Planning
Kansas
$224K -$6.98K -471 -3%
TJHA
31
Thomas J. Herzfeld Advisors
Florida
$211K -$178K -12,000 -46%
US Bancorp
32
US Bancorp
Minnesota
$209K – – –
WSFS
33
Wilmington Savings Fund Society
Delaware
$208K – – –
OC
34
Oppenheimer & Co
New York
$195K +$16.7K +1,125 +9%
CRC
35
Curi RMB Capital
Illinois
$164K -$473K -31,936 -74%
VKH
36
Virtu KCG Holdings
New York
$158K -$102K -6,896 -39%
AG
37
Advisor Group
Arizona
$154K +$22.2K +1,500 +17%
BFEC
38
Benjamin F. Edwards & Company
Missouri
$134K +$14K +947 +12%
SA
39
SRH Advisors
Kansas
$118K – – –
Bank of Montreal
40
Bank of Montreal
Ontario, Canada
$109K – – –
MFS
41
MSI Financial Services
Massachusetts
$108K -$35.2K -2,377 -24%
GWM
42
Geneos Wealth Management
Colorado
$103K – – –
WTC
43
WhitTier Trust Company
Nevada
$62K – – –
NFG
44
Next Financial Group
Texas
$50K +$29.7K +2,007 +143%
WAM
45
Wolverine Asset Management
Illinois
$50K +$50.6K +3,413 New
GI
46
Gradient Investments
Minnesota
$46K – – –
DADC
47
D.A. Davidson & Co
Montana
$34K +$385 +26 +1%
MA
48
MCF Advisors
Kentucky
$34K +$385 +26 +1%
WRM
49
Westport Resources Management
Connecticut
$21K -$196K -13,245 -90%
IA
50
IFP Advisors
Florida
$15K -$10.3K -692 -41%
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AFB Hedge Fund Activity: Q3 2016 in Review

53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2016, worth a combined $50.7M — up 5.7% from $48M a quarter earlier.

Fund positioning in AFB was balanced in Q3 2016: 8 funds opened new positions, 8 closed out, 20 added to existing stakes and 14 trimmed.

The largest buyer was William Blair & Company, opening a new position worth an estimated $2.23M. The largest seller was Fiera Capital (Canada), cutting an estimated $795K.

  • 53 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2016, down from 54 in Q2 2016.
  • Funds reported $50.7M of AllianceBernstein National Municipal Income Fund stock for Q3 2016, up 5.7% quarter-over-quarter.
  • 8 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2016 and 8 closed out, a net change of 0 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2016 was William Blair & Company, an estimated $2.23M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q3 2016 was Fiera Capital (Canada), an estimated $795K sold.

Based on aggregated 13F filings for Q3 2016.