AllianceBernstein National Municipal Income Fund
AFB
62 hedge funds and large institutions have $80.8M invested in AllianceBernstein National Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 29 increasing their positions, 16 reducing their positions, and 6 closing their positions.
81% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 16
19% more capital invested
Capital invested by funds: $67.8M → $80.8M (+$13M)
4.93% more ownership
Funds ownership: 17.49% → 22.42% (+4.9%)
2% less funds holding
Funds holding: 63 → 62 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$7.01M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$5.45M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.78M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.25M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$911K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$723K |
| 3 |
SG Americas Securities
New York
|
-$669K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$392K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$348K |
AFB Hedge Fund Activity: Q1 2018 in Review
62 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2018, worth a combined $80.8M — up 19% from $67.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of AFB and 5 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 29 added.
The largest buyer was Wells Fargo, adding an estimated $7.01M. The largest seller was Sit Investment Associates, cutting an estimated $911K.
- 62 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2018, down from 63 in Q4 2017.
- Funds reported $80.8M of AllianceBernstein National Municipal Income Fund stock for Q1 2018, up 19% quarter-over-quarter.
- 5 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2018 and 6 closed out, a net change of -1 holder.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2018 was Wells Fargo, an estimated $7.01M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q1 2018 was Sit Investment Associates, an estimated $911K sold.
Based on aggregated 13F filings for Q1 2018.