AllianceBernstein National Municipal Income Fund
AFB
62 hedge funds and large institutions have $117M invested in AllianceBernstein National Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 30 increasing their positions, 15 reducing their positions, and 6 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 15
13% more capital invested
Capital invested by funds: $103M → $117M (+$13.9M)
1.73% more ownership
Funds ownership: 29.54% → 31.28% (+1.7%)
5% less funds holding
Funds holding: 65 → 62 (-3)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.5M |
| 2 |
JP Morgan Chase
New York
|
+$2.94M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.3M |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$693K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$617K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.96M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$753K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$531K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$488K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$468K |
AFB Hedge Fund Activity: Q1 2019 in Review
62 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2019, worth a combined $117M — up 13% from $103M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of AFB and 3 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 30 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $3.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.96M.
- 62 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2019, down from 65 in Q4 2018.
- Funds reported $117M of AllianceBernstein National Municipal Income Fund stock for Q1 2019, up 13% quarter-over-quarter.
- 3 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2019 and 6 closed out, a net change of -3 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $3.5M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $1.96M sold.
Based on aggregated 13F filings for Q1 2019.