AllianceBernstein National Municipal Income Fund
AFB
54 hedge funds and large institutions have $48M invested in AllianceBernstein National Municipal Income Fund in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
13% more funds holding
Funds holding: 48 → 54 (+6)
2.33% less ownership
Funds ownership: 13.4% → 11.07% (-2.3%)
14% less capital invested
Capital invested by funds: $55.6M → $48M (-$7.66M)
24% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.35M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.34M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$638K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$334K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$319K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.03M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.27M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.94M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.22M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$579K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
51
Next Financial Group
Houston,
Texas
| $21K | – | – | – |
|
52
SEI Investments
Oaks,
Pennsylvania
| $20K | +$20.1K | +1,357 | New |
|
|
PCTC
53
Perkins Coie Trust Company
Seattle,
Washington
| $12K | – | – | – |
|
54
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $6K | +$6.19K | +418 | New |
|
|
PG
55
Patten Group
Chattanooga,
Tennessee
| $2 | – | – | – |
|
|
PPA
56
Parametric Portfolio Associates
Seattle,
Washington
| – | -$3.27M | -226,638 | Closed |
|
|
WAM
57
Wolverine Asset Management
Chicago,
Illinois
| – | -$579K | -40,130 | Closed |
|
|
PRCM
58
Pine River Capital Management
Minnetonka,
Minnesota
| – | -$213K | -14,757 | Closed |
|
|
SWM
59
Segment Wealth Management
Houston,
Texas
| – | -$207K | -14,350 | Closed |
|
|
AIG
60
American International Group
New York
| – | -$137K | -9,500 | Closed |
|
61
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$13K | -915 | Closed |
|
AFB Hedge Fund Activity: Q2 2016 in Review
54 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2016, worth a combined $48M — down 14% from $55.6M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new AFB positions and 6 closed out — a net gain of 6 holders — while 13 added to existing stakes and 17 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.35M. The largest seller was Karpus Investment Management, cutting an estimated $6.03M.
- 54 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2016, up from 48 in Q1 2016.
- Funds reported $48M of AllianceBernstein National Municipal Income Fund stock for Q2 2016, down 14% quarter-over-quarter.
- 12 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2016 and 6 closed out, a net change of +6 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2016 was Advisors Asset Management, an estimated $1.35M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q2 2016 was Karpus Investment Management, an estimated $6.03M sold.
Based on aggregated 13F filings for Q2 2016.