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AFB

AllianceBernstein National Municipal Income Fund
AFB

73 hedge funds and large institutions have $143M invested in AllianceBernstein National Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

12% more funds holding

Funds holding: 65 → 73 (+8)

9% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 22

3% more capital invested

Capital invested by funds: $139M → $143M (+$4.41M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.12% less ownership

Funds ownership: 34.61% → 34.49% (-0.12%)

Holders
73
Holders Change
+8
Holders Change %
+12.31%
% of All Funds
1.29%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
24
Reduced
22
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
COLIM
City of London Investment Management
United Kingdom
+$688K
2
KAS
Kestra Advisory Services
Texas
+$511K
3
PMG
ProVise Management Group
Florida
+$231K
4
Millennium Management
Millennium Management
New York
+$218K
5
BPA
Beacon Pointe Advisors
California
+$139K

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$791K
2
KIM
Karpus Investment Management
New York
-$592K
3
Invesco
Invesco
Georgia
-$524K
4
PPA
Parametric Portfolio Associates
Washington
-$302K
5
VCM
Vivaldi Capital Management
Illinois
-$272K
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
51
Thomas J. Herzfeld Advisors
Florida
$182K +$10.9K +790 +7%
Cambridge Investment Research Advisors
52
Cambridge Investment Research Advisors
Iowa
$168K +$1.4K +101 +0.9%
KPWS
53
Kestra Private Wealth Services
Texas
$163K – – –
PAS
54
Park Avenue Securities
New York
$159K -$1.29K -93 -0.8%
Bank of Montreal
55
Bank of Montreal
Ontario, Canada
$158K +$51.3K +3,698 +49%
SA
56
SRH Advisors
Kansas
$115K – – –
PWPS
57
Pinnacle Wealth Planning Services
Ohio
$77K +$74K +5,338 New
LB
58
Legacy Bridge
Iowa
$66K – – –
Fifth Third Bancorp
59
Fifth Third Bancorp
Ohio
$60K +$57.3K +4,137 New
AWG
60
Altus Wealth Group
Colorado
$49K +$47K +3,394 New
MA
61
MCF Advisors
Kentucky
$41K +$457 +33 +1%
RCA
62
Ranch Capital Advisors
Florida
$22K – – –
TCM
63
Tradewinds Capital Management
Washington
$22K – – –
TAM
64
Tucker Asset Management
Colorado
$21.8K +$20.9K +1,510 New
IAIM
65
International Assets Investment Management
Florida
$19K +$17.8K +1,285 New
CI
66
CX Institutional
Indiana
$17K – – –
Carson Wealth (CWM LLC)
67
Carson Wealth (CWM LLC)
Nebraska
$11K – – –
RA
68
Reby Advisors
Connecticut
$11K +$10.9K +790 New
Rockefeller Capital Management
69
Rockefeller Capital Management
New York
$10K +$10.1K +732 New
MA
70
Montag & Associates
Georgia
$5K +$4.46K +322 New
PP
71
Pacifica Partners
Canada
$4K – – –
PFO
72
Pathstone Family Office
New Jersey
$3K – – –
WLPWM
73
Walled Lake Planning & Wealth Management
Illinois
$2K -$2.05K -148 -50%
NFSG
74
Newbridge Financial Services Group
Florida
$1K – – –
SCA
75
SMH Capital Advisors
Texas
– -$148K -10,624 Closed
1 2
3
4

AFB Hedge Fund Activity: Q4 2020 in Review

73 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2020, worth a combined $143M — up 3.2% from $139M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new AFB positions and 3 closed out — a net gain of 8 holders — while 24 added to existing stakes and 22 trimmed.

The largest buyer was City of London Investment Management, adding an estimated $688K. The largest seller was Raymond James & Associates, cutting an estimated $791K.

  • 73 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2020, up from 65 in Q3 2020.
  • Funds reported $143M of AllianceBernstein National Municipal Income Fund stock for Q4 2020, up 3.2% quarter-over-quarter.
  • 11 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2020 and 3 closed out, a net change of +8 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2020 was City of London Investment Management, an estimated $688K added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q4 2020 was Raymond James & Associates, an estimated $791K sold.

Based on aggregated 13F filings for Q4 2020.