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AFB

AllianceBernstein National Municipal Income Fund
AFB

65 hedge funds and large institutions have $139M invested in AllianceBernstein National Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 65 → 65 (0)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

4% less capital invested

Capital invested by funds: $144M → $139M (-$5.29M)

9% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 23

2.86% less ownership

Funds ownership: 37.48% → 34.61% (-2.9%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
65
Holders Change
–
Holders Change %
0%
% of All Funds
1.31%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
7
Increased
21
Reduced
23
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$2.79M
2
PWS
Private Wealth Strategies
Ohio
+$582K
3
UBS Group
UBS Group
Switzerland
+$465K
4
Truist Financial
Truist Financial
North Carolina
+$339K
5
MC
Moors & Cabot
Massachusetts
+$300K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$8.16M
2
BlackRock
BlackRock
New York
-$6.63M
3
VCM
Vivaldi Capital Management
Illinois
-$836K
4
Invesco
Invesco
Georgia
-$576K
5
1CP
1607 Capital Partners
Virginia
-$390K
Name Holding Trade Value Shares
Change 		Change in
Stake
GWM
26
Greenwich Wealth Management
Connecticut
$827K +$24.4K +1,781 +3%
AWA
27
Arete Wealth Advisors
Illinois
$810K +$13.6K +992 +2%
Invesco
28
Invesco
Georgia
$797K -$576K -41,973 -42%
RJFSA
29
Raymond James Financial Services Advisors
Florida
$790K +$480 +35 +0.1%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$734K -$14.6K -1,066 -2%
Osaic Holdings
31
Osaic Holdings
Arizona
$716K -$3.62K -264 -0.5%
KAS
32
Kestra Advisory Services
Texas
$697K +$686K +49,980 New
SBH
33
Segall Bryant & Hamill
Illinois
$652K – – –
ACP
34
Aviance Capital Partners
Florida
$590K +$66.9K +4,874 +13%
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$586K – – –
LPL Financial
36
LPL Financial
California
$527K +$43.1K +3,144 +9%
6M
37
6 Meridian
Kansas
$409K -$25.7K -1,876 -6%
Truist Financial
38
Truist Financial
North Carolina
$344K +$339K +24,700 New
RJT
39
Raymond James Trust
Florida
$331K +$50.9K +3,713 +19%
Mercer Global Advisors
40
Mercer Global Advisors
Colorado
$287K +$283K +20,597 New
Citigroup
41
Citigroup
New York
$257K -$4.24K -309 -2%
PHS
42
Pekin Hardy Strauss
Illinois
$244K +$240K +17,500 New
RIG
43
Ramiah Investment Group
Wisconsin
$215K -$17.5K -1,274 -8%
DWM
44
Dakota Wealth Management
Florida
$202K – – –
Thrivent Financial for Lutherans
45
Thrivent Financial for Lutherans
Minnesota
$197K – – –
PK
46
Pflug Koory
Nebraska
$187K – – –
US Bancorp
47
US Bancorp
Minnesota
$178K -$1.55K -113 -0.9%
TJHA
48
Thomas J. Herzfeld Advisors
Florida
$161K -$150K -10,920 -48%
KPWS
49
Kestra Private Wealth Services
Texas
$161K +$158K +11,528 New
Cambridge Investment Research Advisors
50
Cambridge Investment Research Advisors
Iowa
$161K +$158K +11,548 New
1
2
3

AFB Hedge Fund Activity: Q3 2020 in Review

65 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2020, worth a combined $139M — down 3.7% from $144M a quarter earlier.

Fund positioning in AFB was balanced in Q3 2020: 7 funds opened new positions, 7 closed out, 21 added to existing stakes and 23 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.79M. The largest seller was Wells Fargo, cutting an estimated $8.16M.

  • 65 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2020, unchanged from Q2 2020.
  • Funds reported $139M of AllianceBernstein National Municipal Income Fund stock for Q3 2020, down 3.7% quarter-over-quarter.
  • 7 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2020 and 7 closed out, a net change of 0 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2020 was Rivernorth Capital Management, an estimated $2.79M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q3 2020 was Wells Fargo, an estimated $8.16M sold.

Based on aggregated 13F filings for Q3 2020.