AllianceBernstein National Municipal Income Fund
AFB
38 hedge funds and large institutions have $27.3M invested in AllianceBernstein National Municipal Income Fund in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 7 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
1.51% less ownership
Funds ownership: 8.68% → 7.17% (-1.5%)
12% less funds holding
Funds holding: 43 → 38 (-5)
13% less capital invested
Capital invested by funds: $31.4M → $27.3M (-$4.05M)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$939K |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$393K |
| 3 |
YP
Yellowstone Partners
Idaho Falls,
Idaho
|
+$137K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$132K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$131K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ST
Sageworth Trust
Lancaster,
Pennsylvania
|
-$2.29M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.56M |
| 3 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$1.54M |
| 4 |
Cohen & Steers
New York
|
-$1.03M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$342K |
AFB Hedge Fund Activity: Q1 2014 in Review
38 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2014, worth a combined $27.3M — down 13% from $31.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of AFB and 2 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 16 added.
The largest buyer was Advisors Asset Management, adding an estimated $939K. The largest seller was Sageworth Trust, exiting entirely with an estimated $2.29M sold.
- 38 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2014, down from 43 in Q4 2013.
- Funds reported $27.3M of AllianceBernstein National Municipal Income Fund stock for Q1 2014, down 13% quarter-over-quarter.
- 2 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2014 and 7 closed out, a net change of -5 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2014 was Advisors Asset Management, an estimated $939K added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q1 2014 was Sageworth Trust, an estimated $2.29M sold.
Based on aggregated 13F filings for Q1 2014.