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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$13.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$952K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$815K |
| 4 |
PWS
Private Wealth Strategies
New Albany,
Ohio
|
+$386K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$334K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$6.54M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.68M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.61M |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$666K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$600K |
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.