AllianceBernstein National Municipal Income Fund
AFB
56 hedge funds and large institutions have $51.7M invested in AllianceBernstein National Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
4% more funds holding
Funds holding: 54 → 56 (+2)
1.51% more ownership
Funds ownership: 12.08% → 13.59% (+1.5%)
1% more capital invested
Capital invested by funds: $51M → $51.7M (+$623K)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.37M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.22M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.26M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$949K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$746K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.98M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
-$2.22M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.56M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.5M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$816K |
AFB Hedge Fund Activity: Q4 2016 in Review
56 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2016, worth a combined $51.7M — up 1.2% from $51M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new AFB positions and 6 closed out — a net gain of 3 holders — while 20 added to existing stakes and 14 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $9.37M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $4.98M sold.
- 56 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2016, up from 54 in Q3 2016.
- Funds reported $51.7M of AllianceBernstein National Municipal Income Fund stock for Q4 2016, up 1.2% quarter-over-quarter.
- 9 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2016 and 6 closed out, a net change of +3 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $9.37M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q4 2016 was Robinson Capital Management, an estimated $4.98M sold.
Based on aggregated 13F filings for Q4 2016.