AllianceBernstein National Municipal Income Fund
AFB
54 hedge funds and large institutions have $51.9M invested in AllianceBernstein National Municipal Income Fund in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 9 closing their positions.
337% more capital inflows, than outflows
Capital inflows: $18.7M | Capital outflows: $4.28M
73% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 11
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
8% more funds holding
Funds holding: 50 → 54 (+4)
2.71% more ownership
Funds ownership: 10.34% → 13.05% (+2.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$4.24M |
| 2 |
Karpus Investment Management
Pittsford,
New York
|
+$4.2M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.81M |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$1.67M |
| 5 |
Guggenheim Capital
Chicago,
Illinois
|
+$680K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSA
Liberty Street Advisors
New York
|
-$2.11M |
| 2 |
Laurion Capital Management
New York
|
-$328K |
| 3 |
Curi RMB Capital
Chicago,
Illinois
|
-$327K |
| 4 |
Advisors Asset Management
Monument,
Colorado
|
-$319K |
| 5 |
Virtu KCG Holdings
New York
|
-$222K |
AFB Hedge Fund Activity: Q4 2015 in Review
54 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2015, worth a combined $51.9M — up 31% from $39.6M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new AFB positions and 9 closed out — a net gain of 5 holders — while 19 added to existing stakes and 11 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $4.24M. The largest seller was Liberty Street Advisors, exiting entirely with an estimated $2.11M sold.
- 54 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2015, up from 50 in Q3 2015.
- Funds reported $51.9M of AllianceBernstein National Municipal Income Fund stock for Q4 2015, up 31% quarter-over-quarter.
- 14 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2015 and 9 closed out, a net change of +5 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2015 was Fiera Capital (Canada), an estimated $4.24M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q4 2015 was Liberty Street Advisors, an estimated $2.11M sold.
Based on aggregated 13F filings for Q4 2015.