AllianceBernstein National Municipal Income Fund
AFB
75 hedge funds and large institutions have $117M invested in AllianceBernstein National Municipal Income Fund in 2022 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 23 reducing their positions, and 7 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 23
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
1% more funds holding
Funds holding: 74 → 75 (+1)
1.24% more ownership
Funds ownership: 38.04% → 39.28% (+1.2%)
8% less capital invested
Capital invested by funds: $127M → $117M (-$9.49M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.09M |
| 2 |
Lido Advisors
Los Angeles,
California
|
+$1.07M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$721K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$716K |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$553K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KeyBank National Association
Cleveland,
Ohio
|
-$666K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$243K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$155K |
| 4 |
GWM
Greenwich Wealth Management
Greenwich,
Connecticut
|
-$154K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$154K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
76
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$243K | -20,822 | Closed |
|
|
ACA
77
Ackerman Capital Advisors
Dallas,
Texas
| – | -$146K | -12,613 | Closed |
|
78
Nomura Holdings
Tokyo,
Japan
| – | -$116K | -10,000 | Closed |
|
|
SWM
79
SeaCrest Wealth Management
Purchase,
New York
| – | -$51K | -4,376 | Closed |
|
|
CI
80
CX Institutional
Auburn,
Indiana
| – | -$14K | -1,200 | Closed |
|
81
Rockefeller Capital Management
New York
| – | -$8K | -720 | Closed |
|
|
PFGIA
82
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$2K | -165 | Closed |
|
AFB Hedge Fund Activity: Q3 2022 in Review
75 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2022, worth a combined $117M — down 7.5% from $127M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new AFB positions and 7 closed out — a net gain of 2 holders — while 31 added to existing stakes and 23 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.09M. The largest seller was KeyBank National Association, cutting an estimated $666K.
- 75 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2022, up from 74 in Q2 2022.
- Funds reported $117M of AllianceBernstein National Municipal Income Fund stock for Q3 2022, down 7.5% quarter-over-quarter.
- 9 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2022 and 7 closed out, a net change of +2 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2022 was Guggenheim Capital, an estimated $1.09M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q3 2022 was KeyBank National Association, an estimated $666K sold.
Based on aggregated 13F filings for Q3 2022.