AllianceBernstein National Municipal Income Fund
AFB
42 hedge funds and large institutions have $33.4M invested in AllianceBernstein National Municipal Income Fund in 2015 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 7 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 8
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
19% more capital invested
Capital invested by funds: $28.1M → $33.4M (+$5.34M)
5% more funds holding
Funds holding: 40 → 42 (+2)
1.67% more ownership
Funds ownership: 7.13% → 8.8% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.64M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.69M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$914K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$670K |
| 5 |
Morgan Stanley
New York
|
+$375K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.18M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$863K |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$496K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$310K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$229K |
AFB Hedge Fund Activity: Q2 2015 in Review
42 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2015, worth a combined $33.4M — up 19% from $28.1M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new AFB positions and 7 closed out — a net gain of 3 holders — while 14 added to existing stakes and 8 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $5.64M. The largest seller was Invesco, cutting an estimated $1.18M.
- 42 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2015, up from 40 in Q1 2015.
- Funds reported $33.4M of AllianceBernstein National Municipal Income Fund stock for Q2 2015, up 19% quarter-over-quarter.
- 10 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2015 and 7 closed out, a net change of +3 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2015 was Karpus Investment Management, an estimated $5.64M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q2 2015 was Invesco, an estimated $1.18M sold.
Based on aggregated 13F filings for Q2 2015.