AllianceBernstein National Municipal Income Fund
AFB
61 hedge funds and large institutions have $130M invested in AllianceBernstein National Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 26 increasing their positions, 16 reducing their positions, and 10 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 16
0.31% more ownership
Funds ownership: 35.2% → 35.51% (+0.31%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less capital invested
Capital invested by funds: $141M → $130M (-$11.3M)
9% less funds holding
Funds holding: 67 → 61 (-6)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$1.97M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.75M |
| 3 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$765K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$557K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$506K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.62M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.88M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$570K |
| 4 |
VanEck Associates
New York
|
-$500K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$419K |
AFB Hedge Fund Activity: Q1 2020 in Review
61 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2020, worth a combined $130M — down 8% from $141M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of AFB and 6 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 26 added.
The largest buyer was Vivaldi Capital Management, adding an estimated $1.97M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.62M sold.
- 61 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2020, down from 67 in Q4 2019.
- Funds reported $130M of AllianceBernstein National Municipal Income Fund stock for Q1 2020, down 8% quarter-over-quarter.
- 6 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2020 and 10 closed out, a net change of -4 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2020 was Vivaldi Capital Management, an estimated $1.97M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q1 2020 was Robinson Capital Management, an estimated $2.62M sold.
Based on aggregated 13F filings for Q1 2020.