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AFB

AllianceBernstein National Municipal Income Fund
AFB

68 hedge funds and large institutions have $146M invested in AllianceBernstein National Municipal Income Fund in 2021 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.05% more ownership

Funds ownership: 34.49% → 35.55% (+1.1%)

2% more capital invested

Capital invested by funds: $143M → $146M (+$2.44M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 23

7% less funds holding

Funds holding: 73 → 68 (-5)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
68
Holders Change
-5
Holders Change %
-6.85%
% of All Funds
1.19%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
22
Reduced
23
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$13.8M
2
Wells Fargo
Wells Fargo
California
+$952K
3
UBS Group
UBS Group
Switzerland
+$815K
4
PWS
Private Wealth Strategies
Ohio
+$386K
5
1CP
1607 Capital Partners
Virginia
+$334K

Top Sellers

Rank Fund Capital Flow
1
VCM
Vivaldi Capital Management
Illinois
-$6.54M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.68M
3
KIM
Karpus Investment Management
New York
-$1.61M
4
KAS
Kestra Advisory Services
Texas
-$666K
5
COLIM
City of London Investment Management
United Kingdom
-$600K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
51
Bank of Montreal
Ontario, Canada
$79K -$80.9K -5,665 -50%
WAP
52
Wealthcare Advisory Partners
Pennsylvania
$78K +$78.5K +5,500 New
LB
53
Legacy Bridge
Iowa
$65K – – –
Fifth Third Bancorp
54
Fifth Third Bancorp
Ohio
$59K – – –
CFB
55
Cullen/Frost Bankers
Texas
$48K +$48.6K +3,405 New
MA
56
MCF Advisors
Kentucky
$41K +$457 +32 +1%
HI
57
Harbour Investments
Wisconsin
$25K +$24.7K +1,732 New
TCM
58
Tradewinds Capital Management
Washington
$21K – – –
CFGS
59
Concourse Financial Group Securities
Alabama
$21K +$21.4K +1,500 New
IAIM
60
International Assets Investment Management
Florida
$19K – – –
CI
61
CX Institutional
Indiana
$17K – – –
RCA
62
Ranch Capital Advisors
Florida
$13K -$9.52K -667 -42%
Carson Wealth (CWM LLC)
63
Carson Wealth (CWM LLC)
Nebraska
$11K – – –
Rockefeller Capital Management
64
Rockefeller Capital Management
New York
$10K – – –
TAM
65
Tucker Asset Management
Colorado
$7.79K -$13.7K -963 -64%
MA
66
Montag & Associates
Georgia
$5K – – –
PP
67
Pacifica Partners
Canada
$4K – – –
PFGIA
68
Patriot Financial Group Insurance Agency
Massachusetts
$2K +$2.36K +165 New
NFSG
69
Newbridge Financial Services Group
Florida
$1K – – –
VCM
70
Vivaldi Capital Management
Illinois
– -$6.54M -453,239 Closed
KIM
71
Karpus Investment Management
New York
– -$1.61M -111,667 Closed
Mercer Global Advisors
72
Mercer Global Advisors
Colorado
– -$296K -20,550 Closed
Invesco
73
Invesco
Georgia
– -$280K -19,395 Closed
Millennium Management
74
Millennium Management
New York
– -$227K -15,713 Closed
DWM
75
Dakota Wealth Management
Florida
– -$209K -14,500 Closed
1 2
3
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AFB Hedge Fund Activity: Q1 2021 in Review

68 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2021, worth a combined $146M — up 1.7% from $143M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of AFB and 7 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 22 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $13.8M. The largest seller was Vivaldi Capital Management, exiting entirely with an estimated $6.54M sold.

  • 68 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2021, down from 73 in Q4 2020.
  • Funds reported $146M of AllianceBernstein National Municipal Income Fund stock for Q1 2021, up 1.7% quarter-over-quarter.
  • 7 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2021 and 11 closed out, a net change of -4 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $13.8M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q1 2021 was Vivaldi Capital Management, an estimated $6.54M sold.

Based on aggregated 13F filings for Q1 2021.