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AFB

AllianceBernstein National Municipal Income Fund
AFB

63 hedge funds and large institutions have $117M invested in AllianceBernstein National Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 30 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 15

13% more capital invested

Capital invested by funds: $103M → $117M (+$13.9M)

1.99% more ownership

Funds ownership: 29.54% → 31.54% (+2%)

3% less funds holding

Funds holding: 65 → 63 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
63
Holders Change
-2
Holders Change %
-3.08%
% of All Funds
1.36%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
30
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$3.5M
2
JP Morgan Chase
JP Morgan Chase
New York
+$2.94M
3
1CP
1607 Capital Partners
Virginia
+$1.3M
4
ACA
Ackerman Capital Advisors
Texas
+$946K
5
CIA
Capital Investment Advisors
Georgia
+$693K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$1.96M
2
CRC
Curi RMB Capital
Illinois
-$753K
3
GC
Guggenheim Capital
Illinois
-$531K
4
Wells Fargo
Wells Fargo
California
-$488K
5
AA
AQR Arbitrage
Connecticut
-$468K
Name Holding Trade Value Shares
Change 		Change in
Stake
AG
51
Advisor Group
Arizona
$145K -$24.7K -1,950 -15%
TJHA
52
Thomas J. Herzfeld Advisors
Florida
$135K – – –
SA
53
SRH Advisors
Kansas
$104K – – –
QCIG
54
Quad-Cities Investment Group
Iowa
$81K +$875 +69 +1%
GI
55
Gradient Investments
Minnesota
$40K – – –
BFEC
56
Benjamin F. Edwards & Company
Missouri
$40K +$127 +10 +0.3%
MA
57
MCF Advisors
Kentucky
$34K +$355 +28 +1%
CI
58
CX Institutional
Indiana
$16K – – –
ASN
59
Advisory Services Network
Georgia
$12K -$139 -11 -1%
Carson Wealth (CWM LLC)
60
Carson Wealth (CWM LLC)
Nebraska
$11K -$52.9K -4,172 -85%
GFP
61
Gryphon Financial Partners
Ohio
$10K – – –
Citigroup
62
Citigroup
New York
$10K +$10.2K +801 New
FCA
63
FinTrust Capital Advisors
South Carolina
$6K – – –
ACA
64
Ackerman Capital Advisors
Texas
$967 +$946K +74,653 New
CRC
65
Curi RMB Capital
Illinois
– -$753K -62,095 Closed
WAM
66
Weiss Asset Management
Massachusetts
– -$456K -37,580 Closed
MOS
67
MGO One Seven
Ohio
– -$54K -4,477 Closed
WTC
68
WhitTier Trust Company
Nevada
– -$13K -1,100 Closed
IA
69
IFP Advisors
Florida
– -$12K -1,000 Closed
Northwestern Mutual Wealth Management
70
Northwestern Mutual Wealth Management
Wisconsin
– -$4K -295 Closed
1 2
3

AFB Hedge Fund Activity: Q1 2019 in Review

63 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2019, worth a combined $117M — up 13% from $103M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of AFB and 4 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 30 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $3.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.96M.

  • 63 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2019, down from 65 in Q4 2018.
  • Funds reported $117M of AllianceBernstein National Municipal Income Fund stock for Q1 2019, up 13% quarter-over-quarter.
  • 4 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2019 and 6 closed out, a net change of -2 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $3.5M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $1.96M sold.

Based on aggregated 13F filings for Q1 2019.