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AFB

AllianceBernstein National Municipal Income Fund

62 hedge funds and large institutions have $80.8M invested in AllianceBernstein National Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 29 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 16

19% more capital invested

Capital invested by funds: $67.8M → $80.8M (+$13M)

4.93% more ownership

Funds ownership: 17.49%22.42% (+4.9%)

2% less funds holding

Funds holding: 6362 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
62
Holders Change
-1
Holders Change %
-1.59%
% of All Funds
1.42%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
5
Increased
29
Reduced
16
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LPL Financial
26
LPL Financial
California
$526K +$40.6K +3,160 +8%
6M
27
6 Meridian
Kansas
$447K +$85.6K +6,660 +23%
Bank of America
28
Bank of America
North Carolina
$431K -$161K -12,495 -27%
TCM
29
Tradewinds Capital Management
Washington
$400K -$101K -7,877 -20%
HighTower Advisors
30
HighTower Advisors
Illinois
$369K +$74.8K +5,824 +25%
Millennium Management
31
Millennium Management
New York
$336K +$345K +26,842 New
Northwestern Mutual Wealth Management
32
Northwestern Mutual Wealth Management
Wisconsin
$303K
AA
33
AQR Arbitrage
Connecticut
$290K +$298K +23,217 New
PAS
34
Park Avenue Securities
New York
$264K +$71.5K +5,564 +36%
DA
35
Doliver Advisors
Texas
$263K +$34.9K +2,719 +15%
Ameriprise
36
Ameriprise
Minnesota
$224K -$26.2K -2,036 -10%
RJA
37
Raymond James & Associates
Florida
$221K +$54.2K +4,217 +31%
WS
38
Wedbush Securities
California
$212K +$39 +3 +0%
Creative Planning
39
Creative Planning
Kansas
$189K -$1.28K -100 -0.7%
HCM
40
Hollencrest Capital Management
California
$188K
RJFSA
41
Raymond James Financial Services Advisors
Florida
$176K -$9.57K -745 -5%
WSFS
42
Wilmington Savings Fund Society
Delaware
$176K
AG
43
Advisor Group
Arizona
$170K +$50.4K +3,920 +41%
PK
44
Pflug Koory
Nebraska
$168K +$172K +13,400 New
OC
45
Oppenheimer & Co
New York
$166K +$22.5K +1,750 +15%
US Bancorp
46
US Bancorp
Minnesota
$160K
LNWWM
47
Laird Norton Wetherby Wealth Management
California
$157K +$161K +12,523 New
FI
48
FormulaFolio Investments
Michigan
$139K -$1.93K -150 -1%
QCIG
49
Quad-Cities Investment Group
Iowa
$139K +$141K +11,000 New
KF
50
Krilogy Financial
Missouri
$134K

AFB Hedge Fund Activity: Q1 2018 in Review

62 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2018, worth a combined $80.8M — up 19% from $67.8M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of AFB and 5 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 29 added.

The largest buyer was Wells Fargo, adding an estimated $7.01M. The largest seller was Sit Investment Associates, cutting an estimated $911K.

  • 62 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2018, down from 63 in Q4 2017.
  • Funds reported $80.8M of AllianceBernstein National Municipal Income Fund stock for Q1 2018, up 19% quarter-over-quarter.
  • 5 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2018 and 6 closed out, a net change of -1 holder.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2018 was Wells Fargo, an estimated $7.01M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q1 2018 was Sit Investment Associates, an estimated $911K sold.

Based on aggregated 13F filings for Q1 2018.