AllianceBernstein National Municipal Income Fund
AFB
61 hedge funds and large institutions have $99.4M invested in AllianceBernstein National Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 22 reducing their positions, and 8 closing their positions.
129% more capital inflows, than outflows
Capital inflows: $14.4M | Capital outflows: $6.28M
2.24% more ownership
Funds ownership: 25.66% → 27.91% (+2.2%)
3% less funds holding
Funds holding: 63 → 61 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
27% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 22
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$8M |
| 2 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.99M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.38M |
| 4 |
City of London Investment Management
London,
United Kingdom
|
+$695K |
| 5 |
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$281K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.05M |
| 2 |
Jefferies Group
New York
|
-$531K |
| 3 |
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$498K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$475K |
| 5 |
Curi RMB Capital
Chicago,
Illinois
|
-$314K |
AFB Hedge Fund Activity: Q3 2018 in Review
61 of the 4,392 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2018, worth a combined $99.4M — up 6.8% from $93.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of AFB and 6 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 16 added.
The largest buyer was Wells Fargo, adding an estimated $8M. The largest seller was Robinson Capital Management, cutting an estimated $3.05M.
- 61 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2018, down from 63 in Q2 2018.
- Funds reported $99.4M of AllianceBernstein National Municipal Income Fund stock for Q3 2018, up 6.8% quarter-over-quarter.
- 6 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2018 and 8 closed out, a net change of -2 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2018 was Wells Fargo, an estimated $8M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q3 2018 was Robinson Capital Management, an estimated $3.05M sold.
Based on aggregated 13F filings for Q3 2018.