AllianceBernstein National Municipal Income Fund
AFB
56 hedge funds and large institutions have $51.7M invested in AllianceBernstein National Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
6% more funds holding
Funds holding: 53 → 56 (+3)
1.59% more ownership
Funds ownership: 12.01% → 13.59% (+1.6%)
2% more capital invested
Capital invested by funds: $50.7M → $51.7M (+$930K)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.37M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.22M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.26M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$949K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$746K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.98M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
-$2.22M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.56M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.5M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$816K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
51
D.A. Davidson & Co
Great Falls,
Montana
| $31K | +$395 | +29 | +1% |
|
|
WTC
52
WhitTier Trust Company
Reno,
Nevada
| $30K | -$25.9K | -1,900 | -45% |
|
|
IA
53
IFP Advisors
Tampa,
Florida
| $13K | – | – | – |
|
54
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| $12K | – | – | – |
|
55
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $6K | – | – | – |
|
|
AAP
56
Arax Advisory Partners
Denver,
Colorado
| $3K | +$2.7K | +198 | New |
|
|
RCM
57
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$4.98M | -338,168 | Closed |
|
|
58
William Blair & Company
Chicago,
Illinois
| – | -$2.22M | -150,750 | Closed |
|
|
SIM
59
Strategic Investment Management
Arlington,
Virginia
| – | -$252K | -17,173 | Closed |
|
|
CRC
60
Curi RMB Capital
Chicago,
Illinois
| – | -$164K | -11,162 | Closed |
|
|
WAM
61
Wolverine Asset Management
Chicago,
Illinois
| – | -$50K | -3,413 | Closed |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | -$3K | -225 | Closed |
|
AFB Hedge Fund Activity: Q4 2016 in Review
56 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2016, worth a combined $51.7M — up 1.8% from $50.7M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new AFB positions and 6 closed out — a net gain of 4 holders — while 19 added to existing stakes and 14 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $9.37M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $4.98M sold.
- 56 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2016, up from 53 in Q3 2016.
- Funds reported $51.7M of AllianceBernstein National Municipal Income Fund stock for Q4 2016, up 1.8% quarter-over-quarter.
- 10 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2016 and 6 closed out, a net change of +4 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $9.37M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q4 2016 was Robinson Capital Management, an estimated $4.98M sold.
Based on aggregated 13F filings for Q4 2016.