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AFB

AllianceBernstein National Municipal Income Fund
AFB

65 hedge funds and large institutions have $144M invested in AllianceBernstein National Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

11% more capital invested

Capital invested by funds: $130M → $144M (+$13.9M)

7% more funds holding

Funds holding: 61 → 65 (+4)

1.94% more ownership

Funds ownership: 35.53% → 37.48% (+1.9%)

17% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 24

Holders
65
Holders Change
+4
Holders Change %
+6.56%
% of All Funds
1.33%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
7
Increased
20
Reduced
24
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$6.42M
2
BPA
Beacon Pointe Advisors
California
+$3.21M
3
UBS Group
UBS Group
Switzerland
+$723K
4
PPA
Parametric Portfolio Associates
Washington
+$719K
5
VCM
Vivaldi Capital Management
Illinois
+$412K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$944K
2
Morgan Stanley
Morgan Stanley
New York
-$765K
3
KIM
Karpus Investment Management
New York
-$764K
4
GC
Guggenheim Capital
Illinois
-$749K
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$545K
Name Holding Trade Value Shares
Change 		Change in
Stake
LB
51
Legacy Bridge
Iowa
$61K +$59.5K +4,598 New
GI
52
Gradient Investments
Minnesota
$41K – – –
PAG
53
Private Advisor Group
New Jersey
$41K +$39.7K +3,068 New
MA
54
MCF Advisors
Kentucky
$37K +$388 +30 +1%
BFEC
55
Benjamin F. Edwards & Company
Missouri
$23K – – –
RCA
56
Ranch Capital Advisors
Florida
$21K – – –
TCM
57
Tradewinds Capital Management
Washington
$20K – – –
CAN
58
Cetera Advisor Networks
California
$17K +$16.3K +1,257 New
CI
59
CX Institutional
Indiana
$16K – – –
Carson Wealth (CWM LLC)
60
Carson Wealth (CWM LLC)
Nebraska
$11K – – –
PFO
61
Pathstone Family Office
New Jersey
$6K +$5.17K +400 New
WLPWM
62
Walled Lake Planning & Wealth Management
Illinois
$4K +$39 +3 +1%
PP
63
Pacifica Partners
Canada
$3K – – –
FCA
64
FinTrust Capital Advisors
South Carolina
$2K -$4.09K -316 -64%
SIA
65
Sit Investment Associates
Minnesota
– -$254K -19,936 Closed
WAP
66
Wealthcare Advisory Partners
Pennsylvania
– -$70K -5,500 Closed
CFGS
67
Concourse Financial Group Securities
Alabama
– -$2.07K -160 Closed
FFC
68
First Financial Corp
Indiana
– +$13 +1 New
1 2
3

AFB Hedge Fund Activity: Q2 2020 in Review

65 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2020, worth a combined $144M — up 11% from $130M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new AFB positions and 3 closed out — a net gain of 4 holders — while 20 added to existing stakes and 24 trimmed.

The largest buyer was BlackRock, opening a new position worth an estimated $6.42M. The largest seller was Wells Fargo, cutting an estimated $944K.

  • 65 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2020, up from 61 in Q1 2020.
  • Funds reported $144M of AllianceBernstein National Municipal Income Fund stock for Q2 2020, up 11% quarter-over-quarter.
  • 7 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2020 and 3 closed out, a net change of +4 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2020 was BlackRock, an estimated $6.42M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q2 2020 was Wells Fargo, an estimated $944K sold.

Based on aggregated 13F filings for Q2 2020.