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AFB

AllianceBernstein National Municipal Income Fund
AFB

82 hedge funds and large institutions have $472M invested in AllianceBernstein National Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 23 increasing their positions, 32 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

304% more capital invested

Capital invested by funds: $117M → $472M (+$355M)

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

9% more funds holding

Funds holding: 75 → 82 (+7)

4.58% more ownership

Funds ownership: 39.28% → 43.87% (+4.6%)

28% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 32

Holders
82
Holders Change
+7
Holders Change %
+9.33%
% of All Funds
1.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
23
Reduced
32
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$7.93M
2
LSC
Logan Stone Capital
Illinois
+$3.41M
3
SCM
Saba Capital Management
New York
+$1.8M
4
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.71M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
+$1.41M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$1.84M
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.59M
3
WAM
Wakefield Asset Management
Colorado
-$1.59M
4
Morgan Stanley
Morgan Stanley
New York
-$1.4M
5
AAM
Advisors Asset Management
Colorado
-$988K
Name Holding Trade Value Shares
Change 		Change in
Stake
Lido Advisors
26
Lido Advisors
California
$967K – – –
IWC
27
Integrated Wealth Concepts
Massachusetts
$835K +$510K +48,836 +158%
COLIM
28
City of London Investment Management
United Kingdom
$809K – – –
HighTower Advisors
29
HighTower Advisors
Illinois
$706K +$706K +67,558 New
DWM
30
Dakota Wealth Management
Florida
$690K +$688K +65,814 New
MC
31
Moors & Cabot
Massachusetts
$679K -$927K -88,700 -58%
MWM
32
Melfa Wealth Management
Massachusetts
$636K +$635K +60,727 New
ACA
33
Ackerman Capital Advisors
Texas
$608K +$606K +58,008 New
OFG
34
OTA Financial Group
New York
$600K +$599K +57,300 New
Bank of America
35
Bank of America
North Carolina
$573K -$62.4K -5,975 -10%
Invesco
36
Invesco
Georgia
$495K -$138K -13,195 -22%
NFG
37
Nations Financial Group
Iowa
$484K +$136K +13,000 +39%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$479K -$113K -10,814 -19%
Osaic Holdings
39
Osaic Holdings
Arizona
$372K -$146K -14,016 -28%
Ameriprise
40
Ameriprise
Minnesota
$349K -$189K -18,084 -35%
GWM
41
Greenwich Wealth Management
Connecticut
$322K -$49.6K -4,746 -13%
PMG
42
ProVise Management Group
Florida
$310K -$90.4K -8,650 -23%
Stifel Financial
43
Stifel Financial
Missouri
$307K +$5.99K +573 +2%
ACP
44
Aviance Capital Partners
Florida
$301K -$127K -12,131 -30%
LCM
45
Landscape Capital Management
New Jersey
$300K +$184K +17,620 +160%
Mariner
46
Mariner
Kansas
$274K -$54.9K -5,253 -17%
MML Investors Services
47
MML Investors Services
Massachusetts
$261K -$28.3K -2,710 -10%
WAM
48
Weiss Asset Management
Massachusetts
$251K +$251K +23,979 New
RJT
49
Raymond James Trust
Florida
$245K – – –
RJA
50
Raymond James & Associates
Florida
$197K +$40.1K +3,842 +26%
1
2
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AFB Hedge Fund Activity: Q4 2022 in Review

82 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2022, worth a combined $472M — up 304% from $117M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new AFB positions and 7 closed out — a net gain of 8 holders — while 23 added to existing stakes and 32 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $7.93M. The largest seller was UBS Group, cutting an estimated $1.84M.

  • 82 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2022, up from 75 in Q3 2022.
  • Funds reported $472M of AllianceBernstein National Municipal Income Fund stock for Q4 2022, up 304% quarter-over-quarter.
  • 15 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2022 and 7 closed out, a net change of +8 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2022 was Karpus Investment Management, an estimated $7.93M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q4 2022 was UBS Group, an estimated $1.84M sold.

Based on aggregated 13F filings for Q4 2022.