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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$688K |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$511K |
| 3 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$231K |
| 4 |
Millennium Management
New York
|
+$218K |
| 5 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$139K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$791K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$592K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$524K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$302K |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$272K |
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.