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AFB

AllianceBernstein National Municipal Income Fund

60 hedge funds and large institutions have $99.2M invested in AllianceBernstein National Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more capital invested

Capital invested by funds: $93.1M → $99.2M (+$6.11M)

2.19% more ownership

Funds ownership: 25.66%27.85% (+2.2%)

5% less funds holding

Funds holding: 6360 (-3)

27% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 22

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 20 (-2)

Holders
60
Holders Change
-3
Holders Change %
-4.76%
% of All Funds
1.37%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
6
Increased
16
Reduced
22
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
William Blair & Company
26
William Blair & Company
Illinois
$521K -$99K -7,891 -16%
6M
27
6 Meridian
Kansas
$500K +$24.7K +1,972 +5%
LPL Financial
28
LPL Financial
California
$462K -$20.1K -1,600 -4%
Stifel Financial
29
Stifel Financial
Missouri
$459K +$34K +2,708 +8%
PAS
30
Park Avenue Securities
New York
$342K +$25K +1,994 +8%
TCM
31
Tradewinds Capital Management
Washington
$335K
HighTower Advisors
32
HighTower Advisors
Illinois
$312K
Ameriprise
33
Ameriprise
Minnesota
$310K +$79.4K +6,329 +34%
Bank of America
34
Bank of America
North Carolina
$304K +$12.4K +990 +4%
AA
35
AQR Arbitrage
Connecticut
$288K
Northwestern Mutual Wealth Management
36
Northwestern Mutual Wealth Management
Wisconsin
$279K -$21.6K -1,721 -7%
DWM
37
Dakota Wealth Management
Florida
$278K +$281K +22,400 New
RJA
38
Raymond James & Associates
Florida
$260K -$5.52K -440 -2%
WS
39
Wedbush Securities
California
$235K +$25.1K +2,003 +12%
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$200K -$498K -39,729 -71%
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
$199K +$202K +16,085 New
Creative Planning
42
Creative Planning
Kansas
$182K -$5K -399 -3%
WSFS
43
Wilmington Savings Fund Society
Delaware
$175K
OC
44
Oppenheimer & Co
New York
$173K -$9.41K -750 -5%
PK
45
Pflug Koory
Nebraska
$166K
AG
46
Advisor Group
Arizona
$163K -$5.64K -450 -3%
LNWWM
47
Laird Norton Wetherby Wealth Management
California
$161K
US Bancorp
48
US Bancorp
Minnesota
$158K
RJFSA
49
Raymond James Financial Services Advisors
Florida
$152K -$28.8K -2,297 -16%
TJHA
50
Thomas J. Herzfeld Advisors
Florida
$130K

AFB Hedge Fund Activity: Q3 2018 in Review

60 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2018, worth a combined $99.2M — up 6.6% from $93.1M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of AFB and 6 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 16 added.

The largest buyer was Wells Fargo, adding an estimated $8M. The largest seller was Robinson Capital Management, cutting an estimated $3.05M.

  • 60 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2018, down from 63 in Q2 2018.
  • Funds reported $99.2M of AllianceBernstein National Municipal Income Fund stock for Q3 2018, up 6.6% quarter-over-quarter.
  • 6 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2018 and 9 closed out, a net change of -3 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2018 was Wells Fargo, an estimated $8M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q3 2018 was Robinson Capital Management, an estimated $3.05M sold.

Based on aggregated 13F filings for Q3 2018.