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AFB

AllianceBernstein National Municipal Income Fund

78 hedge funds and large institutions have $175M invested in AllianceBernstein National Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

29% more capital invested

Capital invested by funds: $136M → $175M (+$39.4M)

5.64% more ownership

Funds ownership: 50.64%56.27% (+5.6%)

4% more funds holding

Funds holding: 7578 (+3)

8% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 26

Holders
78
Holders Change
+3
Holders Change %
+4%
% of All Funds
1.14%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
13
Increased
24
Reduced
26
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Osaic Holdings
51
Osaic Holdings
Arizona
$173K -$44.2K -4,439 -22%
Envestnet Asset Management
52
Envestnet Asset Management
Illinois
$172K -$103K -10,392 -40%
FSI
53
Flow State Investments
Illinois
$171K +$157K +15,819 New
Wealth Enhancement Advisory Services
54
Wealth Enhancement Advisory Services
Minnesota
$147K +$945 +95 +0.7%
SCA
55
SMH Capital Advisors
Texas
$133K +$826 +83 +0.7%
KPWS
56
Kestra Private Wealth Services
Texas
$125K
RJFSA
57
Raymond James Financial Services Advisors
Florida
$123K
TPWA
58
TRUE Private Wealth Advisors
Oregon
$119K
BBPWM
59
Blue Bell Private Wealth Management
Pennsylvania
$107K +$98.5K +9,900 New
SPIA
60
Steward Partners Investment Advisory
New York
$103K
WAM
61
Wolverine Asset Management
Illinois
$97K +$29.1K +2,927 +49%
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$52.4K
AWM
63
Avior Wealth Management
Nebraska
$42K +$378 +38 +1%
CFGS
64
Concourse Financial Group Securities
Alabama
$29.8K
TCWA
65
Turtle Creek Wealth Advisors
Texas
$27.1K +$24.9K +2,500 New
CAM
66
Creekmur Asset Management
Illinois
$22.4K +$20.6K +2,070 New
Comerica Bank
67
Comerica Bank
Texas
$15.6K +$12.1K +1,216 +550%
Northwestern Mutual Wealth Management
68
Northwestern Mutual Wealth Management
Wisconsin
$15.1K -$27.3K -2,739 -66%
JP Morgan Chase
69
JP Morgan Chase
New York
$12.6K -$26K -2,618 -69%
Carson Wealth (CWM LLC)
70
Carson Wealth (CWM LLC)
Nebraska
$11K -$1.93K -194 -16%
AWM
71
Able Wealth Management
New Jersey
$10.8K +$9.95K +1,000 New
GRP
72
Global Retirement Partners
California
$10.8K
HI
73
Harbour Investments
Wisconsin
$5.96K +$5.47K +550 New
Bessemer Group
74
Bessemer Group
New Jersey
$5K +$5.03K +506 New
MWM
75
Mascoma Wealth Management
New Hampshire
$3.74K

AFB Hedge Fund Activity: Q4 2023 in Review

78 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2023, worth a combined $175M — up 29% from $136M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new AFB positions and 9 closed out — a net gain of 4 holders — while 24 added to existing stakes and 26 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $3.7M. The largest seller was Vivaldi Capital Management, cutting an estimated $2.36M.

  • 78 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2023, up from 75 in Q3 2023.
  • Funds reported $175M of AllianceBernstein National Municipal Income Fund stock for Q4 2023, up 29% quarter-over-quarter.
  • 13 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2023 and 9 closed out, a net change of +4 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2023 was Saba Capital Management, an estimated $3.7M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q4 2023 was Vivaldi Capital Management, an estimated $2.36M sold.

Based on aggregated 13F filings for Q4 2023.