AllianceBernstein National Municipal Income Fund
AFB
83 hedge funds and large institutions have $170M invested in AllianceBernstein National Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 25 increasing their positions, 33 reducing their positions, and 7 closing their positions.
90% more capital inflows, than outflows
Capital inflows: $15.9M | Capital outflows: $8.36M
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
6% more funds holding
Funds holding: 78 → 83 (+5)
2.42% more ownership
Funds ownership: 51.33% → 53.75% (+2.4%)
24% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$6.01M |
| 2 |
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.89M |
| 3 |
Fort Point Capital Partners
San Francisco,
California
|
+$998K |
| 4 |
Advisors Asset Management
Monument,
Colorado
|
+$792K |
| 5 |
KeyBank National Association
Cleveland,
Ohio
|
+$618K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.47M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$1.3M |
| 3 |
1607 Capital Partners
Richmond,
Virginia
|
-$1.28M |
| 4 |
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.27M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$647K |
AFB Hedge Fund Activity: Q1 2024 in Review
83 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q1 2024, worth a combined $170M — up 6.2% from $160M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new AFB positions and 7 closed out — a net gain of 5 holders — while 25 added to existing stakes and 33 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $6.01M. The largest seller was Morgan Stanley, cutting an estimated $1.47M.
- 83 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q1 2024, up from 78 in Q4 2023.
- Funds reported $170M of AllianceBernstein National Municipal Income Fund stock for Q1 2024, up 6.2% quarter-over-quarter.
- 12 funds opened new AllianceBernstein National Municipal Income Fund positions in Q1 2024 and 7 closed out, a net change of +5 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q1 2024 was Saba Capital Management, an estimated $6.01M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $1.47M sold.
Based on aggregated 13F filings for Q1 2024.