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AFB

AllianceBernstein National Municipal Income Fund

78 hedge funds and large institutions have $175M invested in AllianceBernstein National Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

29% more capital invested

Capital invested by funds: $136M → $175M (+$39.4M)

5.64% more ownership

Funds ownership: 50.64%56.27% (+5.6%)

4% more funds holding

Funds holding: 7578 (+3)

8% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 26

Holders
78
Holders Change
+3
Holders Change %
+4%
% of All Funds
1.14%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
13
Increased
24
Reduced
26
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$30.8M -$1.84M -185,437 -6%
SCM
2
Saba Capital Management
New York
$22.2M +$3.7M +372,190 +22%
Pathstone Holdings
3
Pathstone Holdings
New Jersey
$21.3M +$19.5M +1,960,688 New
RCM
4
Rivernorth Capital Management
Florida
$10.4M +$273K +27,477 +3%
Allspring Global Investments
5
Allspring Global Investments
North Carolina
$9.49M
Wells Fargo
6
Wells Fargo
California
$9.15M +$110K +11,087 +1%
HWAM
7
Hennion & Walsh Asset Management
New Jersey
$8.39M -$279K -28,075 -4%
PWS
8
Private Wealth Strategies
Ohio
$8.23M -$83.1K -8,354 -1%
GC
9
Guggenheim Capital
Illinois
$6.4M +$152K +15,251 +3%
KeyBank National Association
10
KeyBank National Association
Ohio
$5.61M +$92K +9,250 +2%
LSC
11
Logan Stone Capital
Illinois
$5.16M +$457K +45,935 +11%
Commonwealth Equity Services
12
Commonwealth Equity Services
Massachusetts
$3.5M -$774K -77,773 -19%
AA
13
AQR Arbitrage
Connecticut
$2.86M +$281K +28,198 +12%
1CP
14
1607 Capital Partners
Virginia
$2.54M -$21.9K -2,200 -0.9%
AAM
15
Advisors Asset Management
Colorado
$2.53M +$919K +92,343 +66%
VanEck Associates
16
VanEck Associates
New York
$2.38M +$288K +28,935 +15%
KIM
17
Karpus Investment Management
New York
$2.23M -$83.9K -8,434 -4%
ITIM
18
Indiana Trust & Investment Management
Indiana
$1.65M
KIG
19
Kennedy Investment Group
New Jersey
$1.49M -$25K -2,514 -2%
LPL Financial
20
LPL Financial
California
$1.43M -$74.1K -7,449 -5%
VCM
21
Vivaldi Capital Management
Illinois
$1.41M -$2.36M -237,339 -64%
UBS Group
22
UBS Group
Switzerland
$1.27M -$406K -40,807 -26%
EDRIA
23
Edmonds Duncan Registered Investment Advisors
Kansas
$1.1M +$6K +603 +0.6%
RIL
24
Rothschild Investment LLC
Illinois
$1.1M +$1.01M +101,174 New
CIA
25
Capital Investment Advisors
Georgia
$924K -$205K -20,623 -19%

AFB Hedge Fund Activity: Q4 2023 in Review

78 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q4 2023, worth a combined $175M — up 29% from $136M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new AFB positions and 9 closed out — a net gain of 4 holders — while 24 added to existing stakes and 26 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $3.7M. The largest seller was Vivaldi Capital Management, cutting an estimated $2.36M.

  • 78 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q4 2023, up from 75 in Q3 2023.
  • Funds reported $175M of AllianceBernstein National Municipal Income Fund stock for Q4 2023, up 29% quarter-over-quarter.
  • 13 funds opened new AllianceBernstein National Municipal Income Fund positions in Q4 2023 and 9 closed out, a net change of +4 holders.
  • The largest AllianceBernstein National Municipal Income Fund buyer in Q4 2023 was Saba Capital Management, an estimated $3.7M added.
  • The largest AllianceBernstein National Municipal Income Fund seller in Q4 2023 was Vivaldi Capital Management, an estimated $2.36M sold.

Based on aggregated 13F filings for Q4 2023.