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AFB

AllianceBernstein National Municipal Income Fund
AFB

60 hedge funds and large institutions have $99.2M invested in AllianceBernstein National Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more capital invested

Capital invested by funds: $93.1M → $99.2M (+$6.11M)

2.19% more ownership

Funds ownership: 25.66% → 27.85% (+2.2%)

5% less funds holding

Funds holding: 63 → 60 (-3)

27% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 22

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
60
Holders Change
-3
Holders Change %
-4.76%
% of All Funds
1.37%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
16
Reduced
22
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$8M
2
PPA
Parametric Portfolio Associates
Washington
+$1.99M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.38M
4
COLIM
City of London Investment Management
United Kingdom
+$695K
5
DWM
Dakota Wealth Management
Florida
+$281K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$3.05M
2
JG
Jefferies Group
New York
-$531K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
-$498K
4
UBS Group
UBS Group
Switzerland
-$475K
5
CRC
Curi RMB Capital
Illinois
-$314K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
51
Stratos Wealth Partners
Ohio
$118K +$120K +9,559 New
SA
52
SRH Advisors
Kansas
$99K – – –
QCIG
53
Quad-Cities Investment Group
Iowa
$76K +$840 +67 +1%
GI
54
Gradient Investments
Minnesota
$38K – – –
BFEC
55
Benjamin F. Edwards & Company
Missouri
$35K +$13.7K +1,096 +64%
MA
56
MCF Advisors
Kentucky
$32K -$31.1K -2,476 -49%
WTC
57
WhitTier Trust Company
Nevada
$28K – – –
CT
58
CPF Texas
Texas
$15K – – –
IA
59
IFP Advisors
Florida
$12K – – –
ASN
60
Advisory Services Network
Georgia
$11K +$11.2K +890 New
JG
61
Jefferies Group
New York
– -$531K -42,072 Closed
DA
62
Doliver Advisors
Texas
– -$206K -16,285 Closed
HCM
63
Hollencrest Capital Management
California
– -$190K -15,040 Closed
Citadel Advisors
64
Citadel Advisors
Florida
– -$154K -12,165 Closed
FI
65
FormulaFolio Investments
Michigan
– -$129K -10,256 Closed
SEI Investments
66
SEI Investments
Pennsylvania
– -$66K -5,221 Closed
STA
67
Summit Trail Advisors
New York
– -$33K -2,631 Closed
LYV
68
Live Your Vision
Pennsylvania
– -$19K -1,500 Closed
Citigroup
69
Citigroup
New York
– -$15K -1,203 Closed
1 2
3

AFB Hedge Fund Activity: Q3 2018 in Review

60 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2018, worth a combined $99.2M — up 6.6% from $93.1M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of AFB and 6 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 16 added.

The largest buyer was Wells Fargo, adding an estimated $8M. The largest seller was Robinson Capital Management, cutting an estimated $3.05M.

  • 60 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2018, down from 63 in Q2 2018.
  • Funds reported $99.2M of AllianceBernstein National Municipal Income Fund stock for Q3 2018, up 6.6% quarter-over-quarter.
  • 6 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2018 and 9 closed out, a net change of -3 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2018 was Wells Fargo, an estimated $8M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q3 2018 was Robinson Capital Management, an estimated $3.05M sold.

Based on aggregated 13F filings for Q3 2018.