AllianceBernstein National Municipal Income Fund
AFB
54 hedge funds and large institutions have $51M invested in AllianceBernstein National Municipal Income Fund in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 7 closing their positions.
156% more capital inflows, than outflows
Capital inflows: $11.3M | Capital outflows: $4.43M
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
1.01% more ownership
Funds ownership: 11.07% → 12.08% (+1%)
0% more funds holding
Funds holding: 54 → 54 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair & Company
Chicago,
Illinois
|
+$2.23M |
| 2 |
Advisors Asset Management
Monument,
Colorado
|
+$1.67M |
| 3 |
EDRIA
Edmonds Duncan Registered Investment Advisors
Lawrence,
Kansas
|
+$1.41M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.07M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$854K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$795K |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$576K |
| 3 |
Curi RMB Capital
Chicago,
Illinois
|
-$473K |
| 4 |
Guggenheim Capital
Chicago,
Illinois
|
-$400K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$388K |
AFB Hedge Fund Activity: Q3 2016 in Review
54 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2016, worth a combined $51M — up 6.4% from $48M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new AFB positions and 7 closed out — a net gain of 1 holder — while 21 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.
- 54 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $51M of AllianceBernstein National Municipal Income Fund stock for Q3 2016, up 6.4% quarter-over-quarter.
- 8 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2016 and 7 closed out, a net change of +1 holder.
- 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.