AllianceBernstein National Municipal Income Fund
AFB
59 hedge funds and large institutions have $135M invested in AllianceBernstein National Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 31 increasing their positions, 11 reducing their positions, and 6 closing their positions.
182% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 11
78% more capital inflows, than outflows
Capital inflows: $10.6M | Capital outflows: $5.92M
1.17% more ownership
Funds ownership: 32.86% → 34.03% (+1.2%)
6% less funds holding
Funds holding: 63 → 59 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4M |
| 2 |
1607 Capital Partners
Richmond,
Virginia
|
+$1.57M |
| 3 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1000K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$603K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$552K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.35M |
| 2 |
Wolverine Asset Management
Chicago,
Illinois
|
-$591K |
| 3 |
Saba Capital Management
New York
|
-$487K |
| 4 |
AQR Arbitrage
Greenwich,
Connecticut
|
-$294K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$214K |
AFB Hedge Fund Activity: Q3 2019 in Review
59 of the 4,576 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2019, worth a combined $135M — up 6.1% from $127M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of AFB and 2 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 31 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $4M. The largest seller was Wells Fargo, cutting an estimated $3.35M.
- 59 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2019, down from 63 in Q2 2019.
- Funds reported $135M of AllianceBernstein National Municipal Income Fund stock for Q3 2019, up 6.1% quarter-over-quarter.
- 2 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2019 and 6 closed out, a net change of -4 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2019 was Rivernorth Capital Management, an estimated $4M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q3 2019 was Wells Fargo, an estimated $3.35M sold.
Based on aggregated 13F filings for Q3 2019.