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AFB

AllianceBernstein National Municipal Income Fund

53 hedge funds and large institutions have $50.7M invested in AllianceBernstein National Municipal Income Fund in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

6% more capital invested

Capital invested by funds: $48M → $50.7M (+$2.75M)

0.94% more ownership

Funds ownership: 11.07%12.01% (+0.94%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

2% less funds holding

Funds holding: 5453 (-1)

Holders
53
Holders Change
-1
Holders Change %
-1.85%
% of All Funds
1.41%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
8
Increased
20
Reduced
14
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$5.73M -$258K -17,429 -4%
RCM
2
Robinson Capital Management
Michigan
$4.98M +$666K +44,955 +15%
GC
3
Guggenheim Capital
Illinois
$3.99M -$400K -27,017 -9%
AAM
4
Advisors Asset Management
Colorado
$3.81M +$1.67M +112,878 +77%
Fiera Capital (Canada)
5
Fiera Capital (Canada)
Quebec, Canada
$3.7M -$795K -53,671 -18%
UBS Group
6
UBS Group
Switzerland
$3.53M +$421K +28,416 +13%
Morgan Stanley
7
Morgan Stanley
New York
$2.39M +$50.3K +3,398 +2%
William Blair & Company
8
William Blair & Company
Illinois
$2.22M +$2.23M +150,750 New
Wells Fargo
9
Wells Fargo
California
$2.11M +$1.07M +72,277 +102%
LPL Financial
10
LPL Financial
California
$1.85M -$51.3K -3,464 -3%
SIA
11
Sit Investment Associates
Minnesota
$1.49M +$832K +56,166 +125%
VanEck Associates
12
VanEck Associates
New York
$1.48M +$289K +19,511 +24%
CIA
13
Capital Investment Advisors
Georgia
$1.38M
EDRIA
14
Edmonds Duncan Registered Investment Advisors
Kansas
$1.31M +$1.41M +94,992 New
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$1.2M +$854K +57,622 +243%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$978K +$89.2K +6,025 +10%
LTFS
17
Ladenburg Thalmann Financial Services
Florida
$903K +$14.9K +1,004 +2%
AWA
18
Arete Wealth Advisors
Illinois
$764K +$768K +51,833 New
TCM
19
Tradewinds Capital Management
Washington
$706K
SBH
20
Segall Bryant & Hamill
Illinois
$700K +$29.6K +2,000 +4%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$648K -$388K -26,192 -37%
C
22
CFO4Life
Texas
$409K +$164K +11,083 +66%
Bank of America
23
Bank of America
North Carolina
$357K +$19.8K +1,334 +6%
RJA
24
Raymond James & Associates
Florida
$341K +$343K +23,133 New
FI
25
FormulaFolio Investments
Michigan
$295K -$2.62K -177 -0.9%

AFB Hedge Fund Activity: Q3 2016 in Review

53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2016, worth a combined $50.7M — up 5.7% from $48M a quarter earlier.

Fund positioning in AFB was balanced in Q3 2016: 8 funds opened new positions, 8 closed out, 20 added to existing stakes and 14 trimmed.

The largest buyer was William Blair & Company, opening a new position worth an estimated $2.23M. The largest seller was Fiera Capital (Canada), cutting an estimated $795K.

  • 53 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2016, down from 54 in Q2 2016.
  • Funds reported $50.7M of AllianceBernstein National Municipal Income Fund stock for Q3 2016, up 5.7% quarter-over-quarter.
  • 8 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2016 and 8 closed out, a net change of 0 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2016 was William Blair & Company, an estimated $2.23M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q3 2016 was Fiera Capital (Canada), an estimated $795K sold.

Based on aggregated 13F filings for Q3 2016.