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AFB

AllianceBernstein National Municipal Income Fund

38 hedge funds and large institutions have $32.7M invested in AllianceBernstein National Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 8

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

3% more funds holding

Funds holding: 3738 (+1)

1.18% less ownership

Funds ownership: 10.01%8.83% (-1.2%)

15% less capital invested

Capital invested by funds: $38.7M → $32.7M (-$5.98M)

Holders
38
Holders Change
+1
Holders Change %
+2.7%
% of All Funds
1.23%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
17
Reduced
8
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
1
Invesco
Georgia
$10.6M -$1.62M -128,555 -14%
SIA
2
Sit Investment Associates
Minnesota
$6.1M -$4.2M -334,001 -41%
Commonwealth Equity Services
3
Commonwealth Equity Services
Massachusetts
$2.35M +$107K +8,477 +5%
Morgan Stanley
4
Morgan Stanley
New York
$2.29M +$129K +10,289 +6%
ST
5
Sageworth Trust
Pennsylvania
$1.84M +$1.79M +142,800 New
LPL Financial
6
LPL Financial
California
$1.36M +$175K +13,947 +15%
PPA
7
Parametric Portfolio Associates
Washington
$1.01M +$979K +77,886 New
ACM
8
Argentus Capital Management
Texas
$941K -$43.6K -3,470 -5%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$890K +$683K +54,350 +374%
AAM
10
Advisors Asset Management
Colorado
$606K -$671K -53,428 -53%
WAM
11
Wolverine Asset Management
Illinois
$589K +$550K +43,799 +2,359%
Bank of America
12
Bank of America
North Carolina
$487K +$155K +12,365 +49%
SWM
13
Segment Wealth Management
Texas
$464K +$220K +17,500 +95%
Wells Fargo
14
Wells Fargo
California
$463K +$35.1K +2,790 +8%
DA
15
Doliver Advisors
Texas
$322K -$132K -10,483 -30%
VanEck Associates
16
VanEck Associates
New York
$273K +$67K +5,329 +34%
WSFS
17
Wilmington Savings Fund Society
Delaware
$208K
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$206K +$2.21K +176 +1%
WS
19
Wedbush Securities
California
$198K +$3.14K +250 +2%
BFEC
20
Benjamin F. Edwards & Company
Missouri
$184K +$134K +10,638 +298%
AIG
21
American International Group
New York
$173K +$13K +1,034 +8%
HK
22
Horizon Kinetics
New York
$165K -$40.3K -3,205 -20%
US Bancorp
23
US Bancorp
Minnesota
$159K
PP
24
Paloma Partners
Connecticut
$147K +$143K +11,400 New
WTC
25
WhitTier Trust Company
Nevada
$138K

AFB Hedge Fund Activity: Q3 2013 in Review

38 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2013, worth a combined $32.7M — down 15% from $38.7M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new AFB positions and 6 closed out — a net gain of 2 holders — while 17 added to existing stakes and 8 trimmed.

The largest buyer was Sageworth Trust, opening a new position worth an estimated $1.79M. The largest seller was Sit Investment Associates, cutting an estimated $4.2M.

  • 38 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2013, up from 37 in Q2 2013.
  • Funds reported $32.7M of AllianceBernstein National Municipal Income Fund stock for Q3 2013, down 15% quarter-over-quarter.
  • 8 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2013 and 6 closed out, a net change of +2 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2013 was Sageworth Trust, an estimated $1.79M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q3 2013 was Sit Investment Associates, an estimated $4.2M sold.

Based on aggregated 13F filings for Q3 2013.