AllianceBernstein National Municipal Income Fund
AFB
40 hedge funds and large institutions have $28.1M invested in AllianceBernstein National Municipal Income Fund in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
11% more capital invested
Capital invested by funds: $25.4M → $28.1M (+$2.71M)
0.73% more ownership
Funds ownership: 6.41% → 7.13% (+0.73%)
2% less funds holding
Funds holding: 41 → 40 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSA
Liberty Street Advisors
New York
|
+$1.8M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$845K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$687K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$574K |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$502K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.81M |
| 2 |
Morgan Stanley
New York
|
-$332K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$283K |
| 4 |
LCM
Laurion Capital Management
New York
|
-$250K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$249K |
AFB Hedge Fund Activity: Q1 2015 in Review
40 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2015, worth a combined $28.1M — up 11% from $25.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of AFB and 6 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 14 added.
The largest buyer was Liberty Street Advisors, opening a new position worth an estimated $1.8M. The largest seller was Invesco, cutting an estimated $1.81M.
- 40 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2015, down from 41 in Q4 2014.
- Funds reported $28.1M of AllianceBernstein National Municipal Income Fund stock for Q1 2015, up 11% quarter-over-quarter.
- 6 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2015 and 7 closed out, a net change of -1 holder.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2015 was Liberty Street Advisors, an estimated $1.8M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q1 2015 was Invesco, an estimated $1.81M sold.
Based on aggregated 13F filings for Q1 2015.