AllianceBernstein National Municipal Income Fund
AFB
65 hedge funds and large institutions have $144M invested in AllianceBernstein National Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
11% more capital invested
Capital invested by funds: $130M → $144M (+$13.9M)
7% more funds holding
Funds holding: 61 → 65 (+4)
1.94% more ownership
Funds ownership: 35.53% → 37.48% (+1.9%)
17% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.42M |
| 2 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$3.21M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$723K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$719K |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$412K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$944K |
| 2 |
Morgan Stanley
New York
|
-$765K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$764K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$749K |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$545K |
AFB Hedge Fund Activity: Q2 2020 in Review
65 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2020, worth a combined $144M — up 11% from $130M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new AFB positions and 3 closed out — a net gain of 4 holders — while 20 added to existing stakes and 24 trimmed.
The largest buyer was BlackRock, opening a new position worth an estimated $6.42M. The largest seller was Wells Fargo, cutting an estimated $944K.
- 65 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2020, up from 61 in Q1 2020.
- Funds reported $144M of AllianceBernstein National Municipal Income Fund stock for Q2 2020, up 11% quarter-over-quarter.
- 7 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2020 and 3 closed out, a net change of +4 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2020 was BlackRock, an estimated $6.42M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q2 2020 was Wells Fargo, an estimated $944K sold.
Based on aggregated 13F filings for Q2 2020.