AllianceBernstein National Municipal Income Fund
AFB
48 hedge funds and large institutions have $55.6M invested in AllianceBernstein National Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 9 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
7% more capital invested
Capital invested by funds: $51.9M → $55.6M (+$3.77M)
0.35% more ownership
Funds ownership: 13.05% → 13.4% (+0.35%)
11% less funds holding
Funds holding: 54 → 48 (-6)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$769K |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$767K |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$755K |
| 4 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$641K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$393K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$797K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$700K |
| 3 |
Squarepoint
New York
|
-$364K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$342K |
| 5 |
SG Americas Securities
New York
|
-$263K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Squarepoint
New York
| – | -$364K | -26,355 | Closed |
|
|
CRC
52
Curi RMB Capital
Chicago,
Illinois
| – | -$342K | -24,743 | Closed |
|
|
53
SG Americas Securities
New York
| – | -$263K | -19,012 | Closed |
|
|
CS
54
Credit Suisse
Zurich,
Switzerland
| – | -$157K | -11,400 | Closed |
|
55
Citigroup
New York
| – | -$21K | -1,554 | Closed |
|
|
IA
56
IFP Advisors
Tampa,
Florida
| – | -$18K | -1,311 | Closed |
|
|
AIA
57
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$18K | -1,280 | Closed |
|
|
ACS
58
Archford Capital Strategies
Swansea,
Illinois
| – | -$11K | -737 | Closed |
|
AFB Hedge Fund Activity: Q1 2016 in Review
48 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2016, worth a combined $55.6M — up 7.3% from $51.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of AFB and 3 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 19 added.
The largest buyer was UBS Group, adding an estimated $769K. The largest seller was Landscape Capital Management, exiting entirely with an estimated $797K sold.
- 48 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2016, down from 54 in Q4 2015.
- Funds reported $55.6M of AllianceBernstein National Municipal Income Fund stock for Q1 2016, up 7.3% quarter-over-quarter.
- 3 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2016 and 9 closed out, a net change of -6 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2016 was UBS Group, an estimated $769K added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q1 2016 was Landscape Capital Management, an estimated $797K sold.
Based on aggregated 13F filings for Q1 2016.