AllianceBernstein National Municipal Income Fund
AFB
63 hedge funds and large institutions have $67.8M invested in AllianceBernstein National Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 15 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
73% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 15
15% more funds holding
Funds holding: 55 → 63 (+8)
10% more capital invested
Capital invested by funds: $61.5M → $67.8M (+$6.28M)
2.16% more ownership
Funds ownership: 15.33% → 17.49% (+2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.36M |
| 2 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$1.96M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.75M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.33M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair & Company
Chicago,
Illinois
|
-$2.79M |
| 2 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$293K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$266K |
| 4 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$249K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$184K |
AFB Hedge Fund Activity: Q4 2017 in Review
63 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2017, worth a combined $67.8M — up 10% from $61.5M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new AFB positions and 5 closed out — a net gain of 8 holders — while 26 added to existing stakes and 15 trimmed.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $2.36M. The largest seller was William Blair & Company, exiting entirely with an estimated $2.79M sold.
- 63 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2017, up from 55 in Q3 2017.
- Funds reported $67.8M of AllianceBernstein National Municipal Income Fund stock for Q4 2017, up 10% quarter-over-quarter.
- 13 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2017 and 5 closed out, a net change of +8 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2017 was 1607 Capital Partners, an estimated $2.36M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q4 2017 was William Blair & Company, an estimated $2.79M sold.
Based on aggregated 13F filings for Q4 2017.