AllianceBernstein National Municipal Income Fund
AFB
78 hedge funds and large institutions have $175M invested in AllianceBernstein National Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
29% more capital invested
Capital invested by funds: $136M → $175M (+$39.4M)
5.64% more ownership
Funds ownership: 50.64% → 56.27% (+5.6%)
4% more funds holding
Funds holding: 75 → 78 (+3)
8% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.7M |
| 2 |
RIL
Rothschild Investment LLC
Chicago,
Illinois
|
+$1.01M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$919K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$457K |
| 5 |
OPA
Old Port Advisors
Portland,
Maine
|
+$316K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$2.36M |
| 2 |
Morgan Stanley
New York
|
-$1.84M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$774K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$406K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$279K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
76
Montag & Associates
Atlanta,
Georgia
| $3.49K | – | – | – |
|
|
PP
77
Pacifica Partners
Surrey,
Canada
| $2.71K | – | – | – |
|
|
GWSG
78
GPS Wealth Strategies Group
Centennial,
Colorado
| $1.81K | – | – | – |
|
|
PAS
79
Park Avenue Securities
New York
| – | -$247K | -26,486 | Closed |
|
|
SIA
80
SkyView Investment Advisors
Shrewsbury,
New Jersey
| – | -$247K | -26,481 | Closed |
|
|
GWM
81
Greenwich Wealth Management
Greenwich,
Connecticut
| – | -$223K | -23,875 | Closed |
|
|
AFG
82
AFS Financial Group
Bethesda,
Maryland
| – | -$218K | -23,300 | Closed |
|
83
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$120K | -12,862 | Closed |
|
|
RIG
84
Ramiah Investment Group
Brookfield,
Wisconsin
| – | -$97.5K | -10,436 | Closed |
|
|
BPA
85
Beacon Pointe Advisors
Newport Beach,
California
| – | -$97.4K | -10,431 | Closed |
|
|
MFG
86
Merit Financial Group
Alpharetta,
Georgia
| – | -$95.9K | -10,272 | Closed |
|
|
MA
87
MCF Advisors
Covington,
Kentucky
| – | -$29.7K | -3,176 | Closed |
|
AFB Hedge Fund Activity: Q4 2023 in Review
78 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2023, worth a combined $175M — up 29% from $136M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new AFB positions and 9 closed out — a net gain of 4 holders — while 24 added to existing stakes and 26 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $3.7M. The largest seller was Vivaldi Capital Management, cutting an estimated $2.36M.
- 78 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2023, up from 75 in Q3 2023.
- Funds reported $175M of AllianceBernstein National Municipal Income Fund stock for Q4 2023, up 29% quarter-over-quarter.
- 13 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2023 and 9 closed out, a net change of +4 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2023 was Saba Capital Management, an estimated $3.7M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q4 2023 was Vivaldi Capital Management, an estimated $2.36M sold.
Based on aggregated 13F filings for Q4 2023.