AllianceBernstein National Municipal Income Fund
AFB
82 hedge funds and large institutions have $472M invested in AllianceBernstein National Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 23 increasing their positions, 32 reducing their positions, and 7 closing their positions.
304% more capital invested
Capital invested by funds: $117M → $472M (+$355M)
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
9% more funds holding
Funds holding: 75 → 82 (+7)
4.58% more ownership
Funds ownership: 39.28% → 43.87% (+4.6%)
28% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.93M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$3.41M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.8M |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.71M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.84M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.59M |
| 3 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
-$1.59M |
| 4 |
Morgan Stanley
New York
|
-$1.4M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$988K |
AFB Hedge Fund Activity: Q4 2022 in Review
82 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2022, worth a combined $472M — up 304% from $117M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new AFB positions and 7 closed out — a net gain of 8 holders — while 23 added to existing stakes and 32 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $7.93M. The largest seller was UBS Group, cutting an estimated $1.84M.
- 82 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2022, up from 75 in Q3 2022.
- Funds reported $472M of AllianceBernstein National Municipal Income Fund stock for Q4 2022, up 304% quarter-over-quarter.
- 15 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2022 and 7 closed out, a net change of +8 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2022 was Karpus Investment Management, an estimated $7.93M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q4 2022 was UBS Group, an estimated $1.84M sold.
Based on aggregated 13F filings for Q4 2022.