AllianceBernstein National Municipal Income Fund
AFB
80 hedge funds and large institutions have $189M invested in AllianceBernstein National Municipal Income Fund in 2024 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 30 reducing their positions, and 14 closing their positions.
3% more capital invested
Capital invested by funds: $182M → $189M (+$6.06M)
1.52% less ownership
Funds ownership: 57.12% → 55.6% (-1.5%)
11% less funds holding
Funds holding: 90 → 80 (-10)
30% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 30
64% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.87M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.65M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.33M |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
+$1.1M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
-$1.6M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.14M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$1.1M |
| 4 |
Morgan Stanley
New York
|
-$1.07M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$957K |
AFB Hedge Fund Activity: Q3 2024 in Review
80 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2024, worth a combined $189M — up 3.3% from $182M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of AFB and 5 opened new positions — a net loss of 9 holders — while 30 trimmed existing stakes and 21 added.
The largest buyer was City of London Investment Management, adding an estimated $2.87M. The largest seller was Fort Point Capital Partners, exiting entirely with an estimated $1.6M sold.
- 80 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2024, down from 90 in Q2 2024.
- Funds reported $189M of AllianceBernstein National Municipal Income Fund stock for Q3 2024, up 3.3% quarter-over-quarter.
- 5 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2024 and 14 closed out, a net change of -9 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2024 was City of London Investment Management, an estimated $2.87M added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q3 2024 was Fort Point Capital Partners, an estimated $1.6M sold.
Based on aggregated 13F filings for Q3 2024.