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AFB

AllianceBernstein National Municipal Income Fund
AFB

80 hedge funds and large institutions have $189M invested in AllianceBernstein National Municipal Income Fund in 2024 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 30 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $182M → $189M (+$6.06M)

1.52% less ownership

Funds ownership: 57.12% → 55.6% (-1.5%)

11% less funds holding

Funds holding: 90 → 80 (-10)

30% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 30

64% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 14

Holders
80
Holders Change
-10
Holders Change %
-11.11%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
21
Reduced
30
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
COLIM
City of London Investment Management
United Kingdom
+$2.87M
2
RCM
Rivernorth Capital Management
Florida
+$2.65M
3
SIA
Sit Investment Associates
Minnesota
+$2.33M
4
Pathstone Holdings
Pathstone Holdings
New Jersey
+$1.1M
5
BI
Bulldog Investors
New Jersey
+$1.05M

Top Sellers

Rank Fund Capital Flow
1
FPCP
Fort Point Capital Partners
California
-$1.6M
2
GC
Guggenheim Capital
Illinois
-$1.14M
3
VCM
Vivaldi Capital Management
Illinois
-$1.1M
4
Morgan Stanley
Morgan Stanley
New York
-$1.07M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$957K
Name Holding Trade Value Shares
Change 		Change in
Stake
EDRIA
26
Edmonds Duncan Registered Investment Advisors
Kansas
$1.2M +$31.2K +2,740 +3%
UBS Group
27
UBS Group
Switzerland
$997K -$22K -1,928 -2%
BWG
28
Balanced Wealth Group
Ohio
$964K +$146K +12,819 +19%
RIL
29
Rothschild Investment LLC
Illinois
$946K – – –
IWC
30
Integrated Wealth Concepts
Massachusetts
$944K -$775 -68 -0.1%
CIA
31
Capital Investment Advisors
Georgia
$921K +$2.1K +184 +0.2%
Cohen & Steers
32
Cohen & Steers
New York
$861K +$319K +28,000 +62%
1CP
33
1607 Capital Partners
Virginia
$782K -$26.2K -2,300 -3%
Bank of America
34
Bank of America
North Carolina
$599K -$13.6K -1,190 -2%
MWM
35
Melfa Wealth Management
Massachusetts
$555K -$2.04K -179 -0.4%
HighTower Advisors
36
HighTower Advisors
Illinois
$548K +$49.5K +4,346 +10%
Ameriprise
37
Ameriprise
Minnesota
$530K +$24.8K +2,176 +5%
NFG
38
Nations Financial Group
Iowa
$502K -$57K -5,000 -11%
DWM
39
Dakota Wealth Management
Florida
$487K -$18.2K -1,600 -4%
Invesco
40
Invesco
Georgia
$426K -$1.23K -108 -0.3%
BBPWM
41
Blue Bell Private Wealth Management
Pennsylvania
$423K +$33.1K +2,905 +9%
Stifel Financial
42
Stifel Financial
Missouri
$422K +$16.6K +1,460 +4%
AWA
43
Arete Wealth Advisors
Illinois
$377K -$18.4K -1,615 -5%
AWM
44
Avior Wealth Management
Nebraska
$355K -$19.5K -1,713 -5%
HIP
45
HUB Investment Partners
Texas
$354K – – –
WAM
46
Wolverine Asset Management
Illinois
$316K +$86.6K +7,600 +40%
KAS
47
Kestra Advisory Services
Texas
$286K -$5.15K -452 -2%
RP
48
Riverbridge Partners
Minnesota
$250K +$241K +21,148 New
CL
49
Choreo LLC
Illinois
$226K -$43K -3,773 -17%
Envestnet Asset Management
50
Envestnet Asset Management
Illinois
$203K -$27K -2,366 -12%
1
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AFB Hedge Fund Activity: Q3 2024 in Review

80 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2024, worth a combined $189M — up 3.3% from $182M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of AFB and 5 opened new positions — a net loss of 9 holders — while 30 trimmed existing stakes and 21 added.

The largest buyer was City of London Investment Management, adding an estimated $2.87M. The largest seller was Fort Point Capital Partners, exiting entirely with an estimated $1.6M sold.

  • 80 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2024, down from 90 in Q2 2024.
  • Funds reported $189M of AllianceBernstein National Municipal Income Fund stock for Q3 2024, up 3.3% quarter-over-quarter.
  • 5 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2024 and 14 closed out, a net change of -9 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2024 was City of London Investment Management, an estimated $2.87M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q3 2024 was Fort Point Capital Partners, an estimated $1.6M sold.

Based on aggregated 13F filings for Q3 2024.