AllianceBernstein National Municipal Income Fund
AFB
80 hedge funds and large institutions have $141M invested in AllianceBernstein National Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 34 increasing their positions, 21 reducing their positions, and 11 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 21
2.5% more ownership
Funds ownership: 43.87% → 46.37% (+2.5%)
2% less funds holding
Funds holding: 82 → 80 (-2)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
70% less capital invested
Capital invested by funds: $472M → $141M (-$331M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.47M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$2.2M |
| 3 |
Morgan Stanley
New York
|
+$1.9M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$863K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$1.01M |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$608K |
| 3 |
OFG
OTA Financial Group
Purchase,
New York
|
-$600K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$585K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$463K |
AFB Hedge Fund Activity: Q1 2023 in Review
80 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2023, worth a combined $141M — down 70% from $472M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of AFB and 9 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 34 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.47M. The largest seller was Beacon Pointe Advisors, exiting entirely with an estimated $1.01M sold.
- 80 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2023, down from 82 in Q4 2022.
- Funds reported $141M of AllianceBernstein National Municipal Income Fund stock for Q1 2023, down 70% quarter-over-quarter.
- 9 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2023 and 11 closed out, a net change of -2 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $2.47M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q1 2023 was Beacon Pointe Advisors, an estimated $1.01M sold.
Based on aggregated 13F filings for Q1 2023.