AllianceBernstein National Municipal Income Fund
AFB
64 hedge funds and large institutions have $121M invested in AllianceBernstein National Municipal Income Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 5 closing their positions.
37% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 19
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2% more funds holding
Funds holding: 63 → 64 (+1)
1.54% more ownership
Funds ownership: 31.54% → 33.08% (+1.5%)
4% more capital invested
Capital invested by funds: $117M → $121M (+$4.41M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.97M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.57M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.43M |
| 4 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$1.06M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$585K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$3M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$639K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$579K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$572K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$459K |
AFB Hedge Fund Activity: Q2 2019 in Review
64 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2019, worth a combined $121M — up 3.8% from $117M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new AFB positions and 5 closed out — a net gain of 1 holder — while 26 added to existing stakes and 19 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $2.97M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $3M sold.
- 64 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2019, up from 63 in Q1 2019.
- Funds reported $121M of AllianceBernstein National Municipal Income Fund stock for Q2 2019, up 3.8% quarter-over-quarter.
- 6 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2019 and 5 closed out, a net change of +1 holder.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2019 was Fiera Capital (Canada), an estimated $2.97M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q2 2019 was JP Morgan Chase, an estimated $3M sold.
Based on aggregated 13F filings for Q2 2019.