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AFB

AllianceBernstein National Municipal Income Fund

34 hedge funds and large institutions have $27.4M invested in AllianceBernstein National Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 8

0% more capital invested

Capital invested by funds: $27.3M → $27.4M (+$29.9K)

0.33% less ownership

Funds ownership: 7.17%6.84% (-0.33%)

11% less funds holding

Funds holding: 3834 (-4)

67% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 6

Holders
34
Holders Change
-4
Holders Change %
-10.53%
% of All Funds
0.98%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
2
Increased
13
Reduced
8
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
1
Invesco
Georgia
$7.04M -$1.61M -117,904 -19%
AAM
2
Advisors Asset Management
Colorado
$3.8M +$813K +59,444 +28%
PPA
3
Parametric Portfolio Associates
Washington
$3.21M +$606K +44,317 +24%
Morgan Stanley
4
Morgan Stanley
New York
$1.97M +$217K +15,864 +13%
CIA
5
Capital Investment Advisors
Georgia
$1.58M -$39.2K -2,863 -2%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$1.51M -$201K -14,680 -12%
LPL Financial
7
LPL Financial
California
$1.51M +$88.5K +6,469 +6%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$988K -$38.9K -2,845 -4%
U
9
UBS
Switzerland
$817K +$384K +28,091 +92%
SWM
10
Segment Wealth Management
Texas
$674K +$41.1K +3,000 +7%
TCM
11
Tradewinds Capital Management
Washington
$668K
Bank of America
12
Bank of America
North Carolina
$511K +$68 +5 +0%
Northwestern Mutual Wealth Management
13
Northwestern Mutual Wealth Management
Wisconsin
$454K +$95.6K +6,985 +27%
VanEck Associates
14
VanEck Associates
New York
$293K +$2.26K +165 +0.8%
LTFS
15
Ladenburg Thalmann Financial Services
Florida
$288K +$23.3K +1,700 +9%
Deutsche Bank
16
Deutsche Bank
Germany
$286K
HCM
17
Hollencrest Capital Management
California
$247K -$27.9K -2,040 -10%
Wells Fargo
18
Wells Fargo
California
$241K -$37.1K -2,711 -14%
WSFS
19
Wilmington Savings Fund Society
Delaware
$224K
WS
20
Wedbush Securities
California
$214K
BFEC
21
Benjamin F. Edwards & Company
Missouri
$197K +$72K +5,265 +59%
YP
22
Yellowstone Partners
Idaho
$146K
US Bancorp
23
US Bancorp
Minnesota
$115K
MFS
24
MSI Financial Services
Massachusetts
$108K
AIG
25
American International Group
New York
$86.2K -$64.1K -4,685 -43%

AFB Hedge Fund Activity: Q2 2014 in Review

34 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2014, worth a combined $27.4M — up 0.11% from $27.3M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of AFB and 2 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 13 added.

The largest buyer was Advisors Asset Management, adding an estimated $813K. The largest seller was Invesco, cutting an estimated $1.61M.

  • 34 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2014, down from 38 in Q1 2014.
  • Funds reported $27.4M of AllianceBernstein National Municipal Income Fund stock for Q2 2014, up 0.11% quarter-over-quarter.
  • 2 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2014 and 6 closed out, a net change of -4 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2014 was Advisors Asset Management, an estimated $813K added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q2 2014 was Invesco, an estimated $1.61M sold.

Based on aggregated 13F filings for Q2 2014.