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AFB

AllianceBernstein National Municipal Income Fund
AFB

82 hedge funds and large institutions have $472M invested in AllianceBernstein National Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 23 increasing their positions, 32 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

304% more capital invested

Capital invested by funds: $117M → $472M (+$355M)

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

9% more funds holding

Funds holding: 75 → 82 (+7)

4.58% more ownership

Funds ownership: 39.28% → 43.87% (+4.6%)

28% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 32

Holders
82
Holders Change
+7
Holders Change %
+9.33%
% of All Funds
1.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
23
Reduced
32
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$7.93M
2
LSC
Logan Stone Capital
Illinois
+$3.41M
3
SCM
Saba Capital Management
New York
+$1.8M
4
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.71M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
+$1.41M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$1.84M
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.59M
3
WAM
Wakefield Asset Management
Colorado
-$1.59M
4
Morgan Stanley
Morgan Stanley
New York
-$1.4M
5
AAM
Advisors Asset Management
Colorado
-$988K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
76
IFP Advisors
Florida
$27K -$24.1K -2,304 -51%
Bessemer Group
77
Bessemer Group
New Jersey
$8K +$637 +61 +9%
Carson Wealth (CWM LLC)
78
Carson Wealth (CWM LLC)
Nebraska
$4K -$2.04K -195 -33%
MWM
79
Mascoma Wealth Management
New Hampshire
$3.62K – – –
FWA
80
Freedom Wealth Alliance
Wisconsin
$3.44K +$3.43K +328 New
MA
81
Montag & Associates
Georgia
$3.38K – – –
PP
82
Pacifica Partners
Canada
$2.64K – – –
WAM
83
Wakefield Asset Management
Colorado
– -$1.59M -153,265 Closed
MIG
84
Mariner Investment Group
New York
– -$271K -26,147 Closed
SIA
85
Sit Investment Associates
Minnesota
– -$180K -17,398 Closed
IFG
86
Independent Financial Group
California
– -$146K -14,117 Closed
SA
87
SRH Advisors
Kansas
– -$83K -8,000 Closed
Jones Financial Companies
88
Jones Financial Companies
Missouri
– -$22K -2,160 Closed
ZB
89
Zions Bancorporation
Utah
– -$8K -820 Closed
1 2 3
4

AFB Hedge Fund Activity: Q4 2022 in Review

82 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2022, worth a combined $472M — up 304% from $117M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new AFB positions and 7 closed out — a net gain of 8 holders — while 23 added to existing stakes and 32 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $7.93M. The largest seller was UBS Group, cutting an estimated $1.84M.

  • 82 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2022, up from 75 in Q3 2022.
  • Funds reported $472M of AllianceBernstein National Municipal Income Fund stock for Q4 2022, up 304% quarter-over-quarter.
  • 15 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2022 and 7 closed out, a net change of +8 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2022 was Karpus Investment Management, an estimated $7.93M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q4 2022 was UBS Group, an estimated $1.84M sold.

Based on aggregated 13F filings for Q4 2022.