AllianceBernstein National Municipal Income Fund
AFB
63 hedge funds and large institutions have $93.1M invested in AllianceBernstein National Municipal Income Fund in 2018 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 5 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
60% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 15
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
15% more capital invested
Capital invested by funds: $80.8M → $93.1M (+$12.3M)
3.25% more ownership
Funds ownership: 22.42% → 25.66% (+3.2%)
2% more funds holding
Funds holding: 62 → 63 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$6.65M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.47M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.22M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$768K |
| 5 |
William Blair & Company
Chicago,
Illinois
|
+$627K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$988K |
| 2 |
CAG
Crestwood Advisors Group
Boston,
Massachusetts
|
-$530K |
| 3 |
Millennium Management
New York
|
-$336K |
| 4 |
Morgan Stanley
New York
|
-$182K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$142K |
AFB Hedge Fund Activity: Q2 2018 in Review
63 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2018, worth a combined $93.1M — up 15% from $80.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new AFB positions and 5 closed out — a net gain of 2 holders — while 24 added to existing stakes and 15 trimmed.
The largest buyer was Wells Fargo, adding an estimated $6.65M. The largest seller was Advisors Asset Management, cutting an estimated $988K.
- 63 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2018, up from 62 in Q1 2018.
- Funds reported $93.1M of AllianceBernstein National Municipal Income Fund stock for Q2 2018, up 15% quarter-over-quarter.
- 7 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2018 and 5 closed out, a net change of +2 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2018 was Wells Fargo, an estimated $6.65M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q2 2018 was Advisors Asset Management, an estimated $988K sold.
Based on aggregated 13F filings for Q2 2018.