AllianceBernstein National Municipal Income Fund
AFB
65 hedge funds and large institutions have $139M invested in AllianceBernstein National Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 7 closing their positions.
0% more funds holding
Funds holding: 65 → 65 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
4% less capital invested
Capital invested by funds: $144M → $139M (-$5.29M)
9% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 23
2.86% less ownership
Funds ownership: 37.48% → 34.61% (-2.9%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.79M |
| 2 |
PWS
Private Wealth Strategies
New Albany,
Ohio
|
+$582K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$465K |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$339K |
| 5 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$300K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$8.16M |
| 2 |
BlackRock
New York
|
-$6.63M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$836K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$576K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$390K |
AFB Hedge Fund Activity: Q3 2020 in Review
65 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2020, worth a combined $139M — down 3.7% from $144M a quarter earlier.
Fund positioning in AFB was balanced in Q3 2020: 7 funds opened new positions, 7 closed out, 21 added to existing stakes and 23 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.79M. The largest seller was Wells Fargo, cutting an estimated $8.16M.
- 65 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2020, unchanged from Q2 2020.
- Funds reported $139M of AllianceBernstein National Municipal Income Fund stock for Q3 2020, down 3.7% quarter-over-quarter.
- 7 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2020 and 7 closed out, a net change of 0 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2020 was Rivernorth Capital Management, an estimated $2.79M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q3 2020 was Wells Fargo, an estimated $8.16M sold.
Based on aggregated 13F filings for Q3 2020.