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AFB

AllianceBernstein National Municipal Income Fund
AFB

65 hedge funds and large institutions have $144M invested in AllianceBernstein National Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

11% more capital invested

Capital invested by funds: $130M → $144M (+$13.9M)

7% more funds holding

Funds holding: 61 → 65 (+4)

1.94% more ownership

Funds ownership: 35.53% → 37.48% (+1.9%)

17% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 24

Holders
65
Holders Change
+4
Holders Change %
+6.56%
% of All Funds
1.33%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
7
Increased
20
Reduced
24
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$6.42M
2
BPA
Beacon Pointe Advisors
California
+$3.21M
3
UBS Group
UBS Group
Switzerland
+$723K
4
PPA
Parametric Portfolio Associates
Washington
+$719K
5
VCM
Vivaldi Capital Management
Illinois
+$412K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$944K
2
Morgan Stanley
Morgan Stanley
New York
-$765K
3
KIM
Karpus Investment Management
New York
-$764K
4
GC
Guggenheim Capital
Illinois
-$749K
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$545K
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
26
Moors & Cabot
Massachusetts
$800K +$51.7K +4,000 +7%
AWA
27
Arete Wealth Advisors
Illinois
$794K -$30.8K -2,380 -4%
GWM
28
Greenwich Wealth Management
Connecticut
$769K -$143K -11,049 -16%
RJFSA
29
Raymond James Financial Services Advisors
Florida
$756K +$350K +27,068 +92%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$717K +$19.2K +1,484 +3%
Osaic Holdings
31
Osaic Holdings
Arizona
$685K -$10.3K -796 -2%
SBH
32
Segall Bryant & Hamill
Illinois
$626K – – –
Bank of America
33
Bank of America
North Carolina
$610K -$395K -30,510 -40%
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$561K – – –
ACP
35
Aviance Capital Partners
Florida
$500K -$28.2K -2,183 -6%
LPL Financial
36
LPL Financial
California
$462K +$5.08K +393 +1%
6M
37
6 Meridian
Kansas
$416K +$211K +16,317 +110%
TJHA
38
Thomas J. Herzfeld Advisors
Florida
$315K -$7.33K -567 -2%
RJT
39
Raymond James Trust
Florida
$268K +$259K +20,043 New
Citigroup
40
Citigroup
New York
$250K +$2.9K +224 +1%
RIG
41
Ramiah Investment Group
Wisconsin
$223K +$23.1K +1,785 +12%
DWM
42
Dakota Wealth Management
Florida
$194K -$102K -7,900 -35%
Creative Planning
43
Creative Planning
Kansas
$187K – – –
PK
44
Pflug Koory
Nebraska
$179K – – –
US Bancorp
45
US Bancorp
Minnesota
$173K -$7.1K -549 -4%
PAS
46
Park Avenue Securities
New York
$158K +$8.55K +661 +6%
SCA
47
SMH Capital Advisors
Texas
$141K -$272 -21 -0.2%
SA
48
SRH Advisors
Kansas
$107K – – –
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$102K -$7.63K -590 -7%
1W
50
1776 Wealth
Georgia
$93K -$90.5K -7,000 -50%
1
2
3

AFB Hedge Fund Activity: Q2 2020 in Review

65 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2020, worth a combined $144M — up 11% from $130M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new AFB positions and 3 closed out — a net gain of 4 holders — while 20 added to existing stakes and 24 trimmed.

The largest buyer was BlackRock, opening a new position worth an estimated $6.42M. The largest seller was Wells Fargo, cutting an estimated $944K.

  • 65 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2020, up from 61 in Q1 2020.
  • Funds reported $144M of AllianceBernstein National Municipal Income Fund stock for Q2 2020, up 11% quarter-over-quarter.
  • 7 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2020 and 3 closed out, a net change of +4 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2020 was BlackRock, an estimated $6.42M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q2 2020 was Wells Fargo, an estimated $944K sold.

Based on aggregated 13F filings for Q2 2020.