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AFB

AllianceBernstein National Municipal Income Fund
AFB

65 hedge funds and large institutions have $140M invested in AllianceBernstein National Municipal Income Fund in 2021 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.01% less ownership

Funds ownership: 34.54% → 32.54% (-2%)

3% less funds holding

Funds holding: 67 → 65 (-2)

8% less capital invested

Capital invested by funds: $151M → $140M (-$11.6M)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
65
Holders Change
-2
Holders Change %
-2.99%
% of All Funds
1.14%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
21
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KAS
Kestra Advisory Services
Texas
+$1.14M
2
SIA
Sit Investment Associates
Minnesota
+$755K
3
Invesco
Invesco
Georgia
+$729K
4
UBS Group
UBS Group
Switzerland
+$694K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$645K

Top Sellers

Rank Fund Capital Flow
1
BPA
Beacon Pointe Advisors
California
-$4.28M
2
1CP
1607 Capital Partners
Virginia
-$3.98M
3
Wells Fargo
Wells Fargo
California
-$1.61M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.44M
5
RCM
Rivernorth Capital Management
Florida
-$960K
Name Holding Trade Value Shares
Change 		Change in
Stake
CFB
51
Cullen/Frost Bankers
Texas
$51K – – –
MA
52
MCF Advisors
Kentucky
$44K +$467 +31 +1%
HA
53
Herold Advisors
New York
$44K +$45.2K +3,000 New
Northwestern Mutual Wealth Management
54
Northwestern Mutual Wealth Management
Wisconsin
$42K – – –
HI
55
Harbour Investments
Wisconsin
$26K – – –
CFGS
56
Concourse Financial Group Securities
Alabama
$22K – – –
TCM
57
Tradewinds Capital Management
Washington
$22K – – –
CI
58
CX Institutional
Indiana
$18K – – –
RCA
59
Ranch Capital Advisors
Florida
$14K – – –
TAM
60
Tucker Asset Management
Colorado
$8.02K – – –
MA
61
Montag & Associates
Georgia
$5K – – –
PP
62
Pacifica Partners
Canada
$4K – – –
PFGIA
63
Patriot Financial Group Insurance Agency
Massachusetts
$2K – – –
BPA
64
Beacon Pointe Advisors
California
– -$4.28M -281,473 Closed
Citigroup
65
Citigroup
New York
– -$340K -22,349 Closed
KIM
66
Karpus Investment Management
New York
– -$266K -17,477 Closed
PHS
67
Pekin Hardy Strauss
Illinois
– -$205K -13,500 Closed
LB
68
Legacy Bridge
Iowa
– -$70K -4,598 Closed
NFSG
69
Newbridge Financial Services Group
Florida
– -$2K -100 Closed
Fidelity Investments
70
Fidelity Investments
Massachusetts
– +$15 +1 New
TRCT
71
Tower Research Capital (TRC)
New York
– +$317 +21 New
1 2
3

AFB Hedge Fund Activity: Q3 2021 in Review

65 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2021, worth a combined $140M — down 7.7% from $151M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of AFB and 6 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 21 added.

The largest buyer was Kestra Advisory Services, adding an estimated $1.14M. The largest seller was Beacon Pointe Advisors, exiting entirely with an estimated $4.28M sold.

  • 65 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2021, down from 67 in Q2 2021.
  • Funds reported $140M of AllianceBernstein National Municipal Income Fund stock for Q3 2021, down 7.7% quarter-over-quarter.
  • 6 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2021 and 7 closed out, a net change of -1 holder.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2021 was Kestra Advisory Services, an estimated $1.14M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q3 2021 was Beacon Pointe Advisors, an estimated $4.28M sold.

Based on aggregated 13F filings for Q3 2021.