AllianceBernstein National Municipal Income Fund
AFB
65 hedge funds and large institutions have $140M invested in AllianceBernstein National Municipal Income Fund in 2021 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 7 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.01% less ownership
Funds ownership: 34.54% → 32.54% (-2%)
3% less funds holding
Funds holding: 67 → 65 (-2)
8% less capital invested
Capital invested by funds: $151M → $140M (-$11.6M)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.14M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$755K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$729K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$694K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$645K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$4.28M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.98M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.61M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.44M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$960K |
AFB Hedge Fund Activity: Q3 2021 in Review
65 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2021, worth a combined $140M — down 7.7% from $151M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of AFB and 6 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 21 added.
The largest buyer was Kestra Advisory Services, adding an estimated $1.14M. The largest seller was Beacon Pointe Advisors, exiting entirely with an estimated $4.28M sold.
- 65 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2021, down from 67 in Q2 2021.
- Funds reported $140M of AllianceBernstein National Municipal Income Fund stock for Q3 2021, down 7.7% quarter-over-quarter.
- 6 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2021 and 7 closed out, a net change of -1 holder.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2021 was Kestra Advisory Services, an estimated $1.14M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q3 2021 was Beacon Pointe Advisors, an estimated $4.28M sold.
Based on aggregated 13F filings for Q3 2021.