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AFB

AllianceBernstein National Municipal Income Fund
AFB

68 hedge funds and large institutions have $146M invested in AllianceBernstein National Municipal Income Fund in 2021 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.05% more ownership

Funds ownership: 34.49% → 35.55% (+1.1%)

2% more capital invested

Capital invested by funds: $143M → $146M (+$2.44M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 23

7% less funds holding

Funds holding: 73 → 68 (-5)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
68
Holders Change
-5
Holders Change %
-6.85%
% of All Funds
1.19%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
22
Reduced
23
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$13.8M
2
Wells Fargo
Wells Fargo
California
+$952K
3
UBS Group
UBS Group
Switzerland
+$815K
4
PWS
Private Wealth Strategies
Ohio
+$386K
5
1CP
1607 Capital Partners
Virginia
+$334K

Top Sellers

Rank Fund Capital Flow
1
VCM
Vivaldi Capital Management
Illinois
-$6.54M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.68M
3
KIM
Karpus Investment Management
New York
-$1.61M
4
KAS
Kestra Advisory Services
Texas
-$666K
5
COLIM
City of London Investment Management
United Kingdom
-$600K
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$717K +$11.5K +806 +2%
LPL Financial
27
LPL Financial
California
$687K +$36.6K +2,561 +6%
SBH
28
Segall Bryant & Hamill
Illinois
$662K – – –
RJFSA
29
Raymond James Financial Services Advisors
Florida
$644K -$92.5K -6,481 -13%
ACP
30
Aviance Capital Partners
Florida
$625K +$21.2K +1,488 +4%
KAS
31
Kestra Advisory Services
Texas
$572K -$666K -46,667 -54%
6M
32
6 Meridian
Kansas
$425K +$86 +6 +0%
Truist Financial
33
Truist Financial
North Carolina
$374K -$4.28K -300 -1%
RJT
34
Raymond James Trust
Florida
$338K – – –
Citigroup
35
Citigroup
New York
$316K +$7.55K +529 +2%
PMG
36
ProVise Management Group
Florida
$315K +$78.5K +5,500 +33%
AWM
37
Accel Wealth Management
Iowa
$243K +$13.8K +965 +6%
SWM
38
Spire Wealth Management
Virginia
$238K +$238K +16,695 New
JWM
39
Jupiter Wealth Management
Colorado
$229K +$228K +16,000 New
Thrivent Financial for Lutherans
40
Thrivent Financial for Lutherans
Minnesota
$215K – – –
RIG
41
Ramiah Investment Group
Wisconsin
$200K +$12.6K +885 +7%
RJA
42
Raymond James & Associates
Florida
$197K -$67.2K -4,707 -25%
PHS
43
Pekin Hardy Strauss
Illinois
$192K -$57.1K -4,000 -23%
PK
44
Pflug Koory
Nebraska
$191K – – –
US Bancorp
45
US Bancorp
Minnesota
$182K – – –
Cambridge Investment Research Advisors
46
Cambridge Investment Research Advisors
Iowa
$166K +$343 +24 +0.2%
KPWS
47
Kestra Private Wealth Services
Texas
$164K – – –
PAS
48
Park Avenue Securities
New York
$157K +$400 +28 +0.3%
SA
49
SRH Advisors
Kansas
$114K – – –
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$99K -$283K -19,808 -74%
1
2
3 4

AFB Hedge Fund Activity: Q1 2021 in Review

68 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2021, worth a combined $146M — up 1.7% from $143M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of AFB and 7 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 22 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $13.8M. The largest seller was Vivaldi Capital Management, exiting entirely with an estimated $6.54M sold.

  • 68 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2021, down from 73 in Q4 2020.
  • Funds reported $146M of AllianceBernstein National Municipal Income Fund stock for Q1 2021, up 1.7% quarter-over-quarter.
  • 7 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2021 and 11 closed out, a net change of -4 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $13.8M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q1 2021 was Vivaldi Capital Management, an estimated $6.54M sold.

Based on aggregated 13F filings for Q1 2021.