AllianceBernstein National Municipal Income Fund
AFB
57 hedge funds and large institutions have $57.2M invested in AllianceBernstein National Municipal Income Fund in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
11% more capital invested
Capital invested by funds: $51.7M → $57.2M (+$5.53M)
2% more funds holding
Funds holding: 56 → 57 (+1)
1.57% more ownership
Funds ownership: 13.59% → 15.16% (+1.6%)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.99M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.9M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.41M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$678K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.66M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$891K |
| 3 |
Morgan Stanley
New York
|
-$438K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$337K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$330K |
AFB Hedge Fund Activity: Q1 2017 in Review
57 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2017, worth a combined $57.2M — up 11% from $51.7M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new AFB positions and 8 closed out — a net gain of 3 holders — while 16 added to existing stakes and 15 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $3.99M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.66M.
- 57 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2017, up from 56 in Q4 2016.
- Funds reported $57.2M of AllianceBernstein National Municipal Income Fund stock for Q1 2017, up 11% quarter-over-quarter.
- 11 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2017 and 8 closed out, a net change of +3 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2017 was Karpus Investment Management, an estimated $3.99M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q1 2017 was Rivernorth Capital Management, an estimated $2.66M sold.
Based on aggregated 13F filings for Q1 2017.