AllianceBernstein National Municipal Income Fund
AFB
65 hedge funds and large institutions have $103M invested in AllianceBernstein National Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 4 closing their positions.
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
16% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 19
8% more funds holding
Funds holding: 60 → 65 (+5)
1.69% more ownership
Funds ownership: 27.85% → 29.54% (+1.7%)
4% more capital invested
Capital invested by funds: $99.2M → $103M (+$3.78M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$4.21M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$3.85M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.86M |
| 4 |
GWM
Greenwich Wealth Management
Greenwich,
Connecticut
|
+$798K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$744K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$5.72M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.13M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.03M |
| 4 |
William Blair & Company
Chicago,
Illinois
|
-$521K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$513K |
AFB Hedge Fund Activity: Q4 2018 in Review
65 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2018, worth a combined $103M — up 3.8% from $99.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new AFB positions and 4 closed out — a net gain of 6 holders — while 22 added to existing stakes and 19 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $4.21M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $5.72M sold.
- 65 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2018, up from 60 in Q3 2018.
- Funds reported $103M of AllianceBernstein National Municipal Income Fund stock for Q4 2018, up 3.8% quarter-over-quarter.
- 10 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2018 and 4 closed out, a net change of +6 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2018 was 1607 Capital Partners, an estimated $4.21M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q4 2018 was Fiera Capital (Canada), an estimated $5.72M sold.
Based on aggregated 13F filings for Q4 2018.