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AFB

AllianceBernstein National Municipal Income Fund

83 hedge funds and large institutions have $170M invested in AllianceBernstein National Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 25 increasing their positions, 33 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

6% more funds holding

Funds holding: 7883 (+5)

3% less capital invested

Capital invested by funds: $175M → $170M (-$5.56M)

2.52% less ownership

Funds ownership: 56.27%53.75% (-2.5%)

24% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 33

Holders
83
Holders Change
+5
Holders Change %
+6.41%
% of All Funds
1.2%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
12
Increased
25
Reduced
33
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
IAA
51
Ironsides Asset Advisors
North Carolina
$240K +$9.42K +867 +4%
RJT
52
Raymond James Trust
Florida
$204K -$21.7K -2,000 -10%
RJA
53
Raymond James & Associates
Florida
$198K -$212K -19,482 -52%
BBPWM
54
Blue Bell Private Wealth Management
Pennsylvania
$196K +$85.8K +7,900 +80%
PMG
55
ProVise Management Group
Florida
$185K +$4.48K +412 +3%
Nomura Holdings
56
Nomura Holdings
Japan
$183K +$181K +16,694 New
Mariner
57
Mariner
Kansas
$176K -$26.8K -2,471 -13%
Mercer Global Advisors
58
Mercer Global Advisors
Colorado
$169K +$167K +15,337 New
Envestnet Asset Management
59
Envestnet Asset Management
Illinois
$166K -$8.93K -822 -5%
Wealth Enhancement Advisory Services
60
Wealth Enhancement Advisory Services
Minnesota
$150K +$1.02K +94 +0.7%
Osaic Holdings
61
Osaic Holdings
Arizona
$145K -$29.8K -2,743 -17%
US Bancorp
62
US Bancorp
Minnesota
$141K -$51.1K -4,708 -27%
IC
63
Inscription Capital
Texas
$135K +$134K +12,313 New
SCA
64
SMH Capital Advisors
Texas
$135K
PAS
65
Park Avenue Securities
New York
$124K +$123K +11,309 New
RJFSA
66
Raymond James Financial Services Advisors
Florida
$111K -$13.2K -1,211 -11%
SPIA
67
Steward Partners Investment Advisory
New York
$104K -$1.31K -121 -1%
PNC Financial Services Group
68
PNC Financial Services Group
Pennsylvania
$33K -$20K -1,837 -38%
Northwestern Mutual Wealth Management
69
Northwestern Mutual Wealth Management
Wisconsin
$31.9K +$16.3K +1,505 +108%
CFGS
70
Concourse Financial Group Securities
Alabama
$30.2K
OP
71
ORG Partners
Indiana
$17.1K +$17K +1,568 New
Comerica Bank
72
Comerica Bank
Texas
$13.9K -$1.87K -172 -12%
PTC
73
Private Trust Company
Ohio
$12.1K +$11.9K +1,100 New
CAM
74
Creekmur Asset Management
Illinois
$11K -$11.6K -1,067 -52%
Carson Wealth (CWM LLC)
75
Carson Wealth (CWM LLC)
Nebraska
$11K

AFB Hedge Fund Activity: Q1 2024 in Review

83 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2024, worth a combined $170M — down 3.2% from $175M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new AFB positions and 7 closed out — a net gain of 5 holders — while 25 added to existing stakes and 33 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $6.01M. The largest seller was Morgan Stanley, cutting an estimated $16.9M.

  • 83 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2024, up from 78 in Q4 2023.
  • Funds reported $170M of AllianceBernstein National Municipal Income Fund stock for Q1 2024, down 3.2% quarter-over-quarter.
  • 12 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2024 and 7 closed out, a net change of +5 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2024 was Saba Capital Management, an estimated $6.01M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $16.9M sold.

Based on aggregated 13F filings for Q1 2024.