AllianceBernstein National Municipal Income Fund
AFB
55 hedge funds and large institutions have $61.5M invested in AllianceBernstein National Municipal Income Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 17 reducing their positions, and 6 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 17
4% more capital invested
Capital invested by funds: $59.3M → $61.5M (+$2.27M)
0.02% less ownership
Funds ownership: 15.35% → 15.33% (-0.02%)
4% less funds holding
Funds holding: 57 → 55 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair & Company
Chicago,
Illinois
|
+$2.78M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.42M |
| 3 |
CAG
Crestwood Advisors Group
Boston,
Massachusetts
|
+$591K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$569K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$504K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.91M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.02M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.12M |
| 4 |
EDRIA
Edmonds Duncan Registered Investment Advisors
Lawrence,
Kansas
|
-$439K |
| 5 |
Millennium Management
New York
|
-$232K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
51
MCF Advisors
Covington,
Kentucky
| $34K | +$376 | +27 | +1% |
|
|
WTC
52
WhitTier Trust Company
Reno,
Nevada
| $32K | – | – | – |
|
|
BFEC
53
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $23K | -$25.3K | -1,818 | -52% |
|
|
IA
54
IFP Advisors
Tampa,
Florida
| $14K | – | – | – |
|
|
NFG
55
Next Financial Group
Houston,
Texas
| $7K | – | – | – |
|
56
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $3K | – | – | – |
|
|
VCM
57
Vivaldi Capital Management
Chicago,
Illinois
| – | -$1.16K | -85,007 | Closed |
|
|
58
Millennium Management
New York
| – | -$232K | -16,957 | Closed |
|
|
LCM
59
Landscape Capital Management
Englewood,
New Jersey
| – | -$211K | -15,429 | Closed |
|
|
GI
60
Gradient Investments
Arden Hills,
Minnesota
| – | -$42K | -3,094 | Closed |
|
|
DADC
61
D.A. Davidson & Co
Great Falls,
Montana
| – | -$33K | -2,448 | Closed |
|
|
MA
62
MUFG Americas
New York
| – | -$3K | -228 | Closed |
|
AFB Hedge Fund Activity: Q3 2017 in Review
55 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2017, worth a combined $61.5M — up 3.8% from $59.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of AFB and 4 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 22 added.
The largest buyer was William Blair & Company, opening a new position worth an estimated $2.78M. The largest seller was Robinson Capital Management, cutting an estimated $2.91M.
- 55 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2017, down from 57 in Q2 2017.
- Funds reported $61.5M of AllianceBernstein National Municipal Income Fund stock for Q3 2017, up 3.8% quarter-over-quarter.
- 4 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2017 and 6 closed out, a net change of -2 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2017 was William Blair & Company, an estimated $2.78M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q3 2017 was Robinson Capital Management, an estimated $2.91M sold.
Based on aggregated 13F filings for Q3 2017.