AllianceBernstein National Municipal Income Fund
AFB
67 hedge funds and large institutions have $142M invested in AllianceBernstein National Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 30 increasing their positions, 14 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
114% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 14
14% more capital invested
Capital invested by funds: $125M → $142M (+$17.3M)
14% more funds holding
Funds holding: 59 → 67 (+8)
1.17% more ownership
Funds ownership: 34.03% → 35.2% (+1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.43M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.43M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.19M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$344K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$286K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$6.26M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$766K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$759K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$743K |
AFB Hedge Fund Activity: Q4 2019 in Review
67 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2019, worth a combined $142M — up 14% from $125M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new AFB positions and 5 closed out — a net gain of 8 holders — while 30 added to existing stakes and 14 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $2.43M. The largest seller was Wells Fargo, cutting an estimated $6.26M.
- 67 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2019, up from 59 in Q3 2019.
- Funds reported $142M of AllianceBernstein National Municipal Income Fund stock for Q4 2019, up 14% quarter-over-quarter.
- 13 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2019 and 5 closed out, a net change of +8 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2019 was 1607 Capital Partners, an estimated $2.43M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q4 2019 was Wells Fargo, an estimated $6.26M sold.
Based on aggregated 13F filings for Q4 2019.