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AFB

AllianceBernstein National Municipal Income Fund
AFB

61 hedge funds and large institutions have $130M invested in AllianceBernstein National Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 27 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 16

0.33% more ownership

Funds ownership: 35.2% → 35.53% (+0.33%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less capital invested

Capital invested by funds: $142M → $130M (-$12M)

9% less funds holding

Funds holding: 67 → 61 (-6)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
61
Holders Change
-6
Holders Change %
-8.96%
% of All Funds
1.34%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
27
Reduced
16
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
VCM
Vivaldi Capital Management
Illinois
+$1.97M
2
PPA
Parametric Portfolio Associates
Washington
+$1.75M
3
MC
Moors & Cabot
Massachusetts
+$765K
4
1CP
1607 Capital Partners
Virginia
+$557K
5
RJA
Raymond James & Associates
Florida
+$506K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$2.62M
2
RCM
Rivernorth Capital Management
Florida
-$1.88M
3
PFO
Pathstone Family Office
New Jersey
-$803K
4
SIA
Sit Investment Associates
Minnesota
-$570K
5
VanEck Associates
VanEck Associates
New York
-$500K
Name Holding Trade Value Shares
Change 		Change in
Stake
GI
51
Gradient Investments
Minnesota
$39K – – –
MA
52
MCF Advisors
Kentucky
$35K +$397 +29 +1%
BFEC
53
Benjamin F. Edwards & Company
Missouri
$22K +$110 +8 +0.5%
RCA
54
Ranch Capital Advisors
Florida
$20K – – –
TCM
55
Tradewinds Capital Management
Washington
$19K – – –
CI
56
CX Institutional
Indiana
$15K – – –
Carson Wealth (CWM LLC)
57
Carson Wealth (CWM LLC)
Nebraska
$11K – – –
FCA
58
FinTrust Capital Advisors
South Carolina
$6K – – –
WLPWM
59
Walled Lake Planning & Wealth Management
Illinois
$4K +$3.97K +290 New
PP
60
Pacifica Partners
Canada
$3K – – –
CFGS
61
Concourse Financial Group Securities
Alabama
$2K +$2.19K +160 New
RCM
62
Robinson Capital Management
Michigan
– -$2.62M -187,316 Closed
Envestnet Asset Management
63
Envestnet Asset Management
Illinois
– -$419K -29,990 Closed
WS
64
Wedbush Securities
California
– -$237K -16,937 Closed
WSFS
65
Wilmington Savings Fund Society
Delaware
– -$197K -14,100 Closed
CG
66
CFO4Life Group
Texas
– -$183K -13,115 Closed
PFO
67
Pathstone Family Office
New Jersey
– -$803K -5,743 Closed
GRP
68
Global Retirement Partners
California
– -$24K -1,700 Closed
ASN
69
Advisory Services Network
Georgia
– -$13K -905 Closed
JP Morgan Chase
70
JP Morgan Chase
New York
– -$9K -662 Closed
PAM
71
Panagora Asset Management
Massachusetts
– -$2K -178 Closed
1 2
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AFB Hedge Fund Activity: Q1 2020 in Review

61 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2020, worth a combined $130M — down 8.4% from $142M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of AFB and 6 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 27 added.

The largest buyer was Vivaldi Capital Management, adding an estimated $1.97M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.62M sold.

  • 61 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2020, down from 67 in Q4 2019.
  • Funds reported $130M of AllianceBernstein National Municipal Income Fund stock for Q1 2020, down 8.4% quarter-over-quarter.
  • 6 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2020 and 10 closed out, a net change of -4 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2020 was Vivaldi Capital Management, an estimated $1.97M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q1 2020 was Robinson Capital Management, an estimated $2.62M sold.

Based on aggregated 13F filings for Q1 2020.