AllianceBernstein National Municipal Income Fund
AFB
90 hedge funds and large institutions have $182M invested in AllianceBernstein National Municipal Income Fund in 2024 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 42 reducing their positions, and 5 closing their positions.
140% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 5
8% more funds holding
Funds holding: 83 → 90 (+7)
7% more capital invested
Capital invested by funds: $170M → $182M (+$12.6M)
3.37% more ownership
Funds ownership: 53.75% → 57.12% (+3.4%)
60% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.89M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.16M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.41M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.56M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$3.33M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.27M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.26M |
| 4 |
Morgan Stanley
New York
|
-$801K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$598K |
AFB Hedge Fund Activity: Q2 2024 in Review
90 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q2 2024, worth a combined $182M — up 7.4% from $170M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new AFB positions and 5 closed out — a net gain of 7 holders — while 17 added to existing stakes and 42 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $5.89M. The largest seller was Logan Stone Capital, cutting an estimated $3.33M.
- 90 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q2 2024, up from 83 in Q1 2024.
- Funds reported $182M of AllianceBernstein National Municipal Income Fund stock for Q2 2024, up 7.4% quarter-over-quarter.
- 12 funds opened new AllianceBernstein National Municipal Income Fund positions in Q2 2024 and 5 closed out, a net change of +7 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q2 2024 was Saba Capital Management, an estimated $5.89M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q2 2024 was Logan Stone Capital, an estimated $3.33M sold.
Based on aggregated 13F filings for Q2 2024.