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AFB

AllianceBernstein National Municipal Income Fund
AFB

78 hedge funds and large institutions have $175M invested in AllianceBernstein National Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

29% more capital invested

Capital invested by funds: $136M → $175M (+$39.4M)

5.64% more ownership

Funds ownership: 50.64% → 56.27% (+5.6%)

4% more funds holding

Funds holding: 75 → 78 (+3)

8% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 26

Holders
78
Holders Change
+3
Holders Change %
+4%
% of All Funds
1.14%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
24
Reduced
26
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$3.7M
2
RIL
Rothschild Investment LLC
Illinois
+$1.01M
3
AAM
Advisors Asset Management
Colorado
+$919K
4
LSC
Logan Stone Capital
Illinois
+$457K
5
OPA
Old Port Advisors
Maine
+$316K

Top Sellers

Rank Fund Capital Flow
1
VCM
Vivaldi Capital Management
Illinois
-$2.36M
2
Morgan Stanley
Morgan Stanley
New York
-$1.84M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$774K
4
UBS Group
UBS Group
Switzerland
-$406K
5
HWAM
Hennion & Walsh Asset Management
New Jersey
-$279K
Name Holding Trade Value Shares
Change 		Change in
Stake
IWC
26
Integrated Wealth Concepts
Massachusetts
$896K +$117K +11,723 +17%
BWG
27
Balanced Wealth Group
Ohio
$742K +$681K +68,406 New
Bank of America
28
Bank of America
North Carolina
$639K +$1.41K +142 +0.2%
Bank of New York Mellon
29
Bank of New York Mellon
New York
$621K +$8.35K +839 +1%
MWM
30
Melfa Wealth Management
Massachusetts
$578K -$627 -63 -0.1%
HighTower Advisors
31
HighTower Advisors
Illinois
$570K +$213K +21,412 +68%
NFG
32
Nations Financial Group
Iowa
$531K +$18.2K +1,830 +4%
DWM
33
Dakota Wealth Management
Florida
$483K -$48.2K -4,848 -10%
LCM
34
Landscape Capital Management
New Jersey
$482K +$283K +28,412 +177%
AWA
35
Arete Wealth Advisors
Illinois
$412K -$19.7K -1,984 -5%
Ameriprise
36
Ameriprise
Minnesota
$410K -$33K -3,317 -8%
RJA
37
Raymond James & Associates
Florida
$407K -$17.1K -1,719 -4%
OPA
38
Old Port Advisors
Maine
$344K +$316K +31,745 New
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$335K +$816 +82 +0.3%
Stifel Financial
40
Stifel Financial
Missouri
$325K -$63.2K -6,354 -17%
HIP
41
HUB Investment Partners
Texas
$325K +$298K +30,000 New
Cohen & Steers
42
Cohen & Steers
New York
$325K +$298K +30,000 New
JWM
43
Jupiter Wealth Management
Colorado
$257K – – –
Invesco
44
Invesco
Georgia
$233K -$212K -21,295 -50%
IAA
45
Ironsides Asset Advisors
North Carolina
$227K +$5.28K +531 +3%
RJT
46
Raymond James Trust
Florida
$223K – – –
FPCP
47
Fort Point Capital Partners
California
$208K -$2.82K -283 -1%
Mariner
48
Mariner
Kansas
$200K -$12.5K -1,257 -6%
US Bancorp
49
US Bancorp
Minnesota
$190K +$46.8K +4,708 +37%
PMG
50
ProVise Management Group
Florida
$178K -$107K -10,770 -40%
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AFB Hedge Fund Activity: Q4 2023 in Review

78 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2023, worth a combined $175M — up 29% from $136M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new AFB positions and 9 closed out — a net gain of 4 holders — while 24 added to existing stakes and 26 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $3.7M. The largest seller was Vivaldi Capital Management, cutting an estimated $2.36M.

  • 78 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2023, up from 75 in Q3 2023.
  • Funds reported $175M of AllianceBernstein National Municipal Income Fund stock for Q4 2023, up 29% quarter-over-quarter.
  • 13 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2023 and 9 closed out, a net change of +4 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2023 was Saba Capital Management, an estimated $3.7M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q4 2023 was Vivaldi Capital Management, an estimated $2.36M sold.

Based on aggregated 13F filings for Q4 2023.