AllianceBernstein National Municipal Income Fund
AFB
67 hedge funds and large institutions have $151M invested in AllianceBernstein National Municipal Income Fund in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 16 reducing their positions, and 5 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 16
4% more capital invested
Capital invested by funds: $146M → $151M (+$5.66M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less ownership
Funds ownership: 35.55% → 34.54% (-1%)
1% less funds holding
Funds holding: 68 → 67 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.19M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$762K |
| 3 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$564K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$432K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$256K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.97M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.39M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$774K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$716K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$284K |
AFB Hedge Fund Activity: Q2 2021 in Review
67 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2021, worth a combined $151M — up 3.9% from $146M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of AFB and 4 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 26 added.
The largest buyer was UBS Group, adding an estimated $1.19M. The largest seller was 1607 Capital Partners, cutting an estimated $3.97M.
- 67 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2021, down from 68 in Q1 2021.
- Funds reported $151M of AllianceBernstein National Municipal Income Fund stock for Q2 2021, up 3.9% quarter-over-quarter.
- 4 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2021 and 5 closed out, a net change of -1 holder.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2021 was UBS Group, an estimated $1.19M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q2 2021 was 1607 Capital Partners, an estimated $3.97M sold.
Based on aggregated 13F filings for Q2 2021.