AllianceBernstein National Municipal Income Fund
AFB
43 hedge funds and large institutions have $31.4M invested in AllianceBernstein National Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 10 increasing their positions, 17 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
13% more funds holding
Funds holding: 38 → 43 (+5)
0.15% less ownership
Funds ownership: 8.83% → 8.68% (-0.15%)
4% less capital invested
Capital invested by funds: $32.7M → $31.4M (-$1.33M)
41% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$1.36M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.19M |
| 3 |
Cohen & Steers
New York
|
+$1.04M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$985K |
| 5 |
ST
Sageworth Trust
Lancaster,
Pennsylvania
|
+$504K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.29M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$957K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$815K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$589K |
| 5 |
Morgan Stanley
New York
|
-$580K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$12K | -1,000 | Closed |
|
AFB Hedge Fund Activity: Q4 2013 in Review
43 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2013, worth a combined $31.4M — down 4.1% from $32.7M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new AFB positions and 8 closed out — a net gain of 5 holders — while 10 added to existing stakes and 17 trimmed.
The largest buyer was NWAM LLC, opening a new position worth an estimated $1.36M. The largest seller was Sit Investment Associates, cutting an estimated $5.29M.
- 43 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2013, up from 38 in Q3 2013.
- Funds reported $31.4M of AllianceBernstein National Municipal Income Fund stock for Q4 2013, down 4.1% quarter-over-quarter.
- 13 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2013 and 8 closed out, a net change of +5 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2013 was NWAM LLC, an estimated $1.36M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q4 2013 was Sit Investment Associates, an estimated $5.29M sold.
Based on aggregated 13F filings for Q4 2013.