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Alliancebernstein National Municipal Income Fund

AFB
Exchange
NYSE
SEC CIK
0001162027

No open-market purchases or sales by Alliancebernstein National Municipal Income Fund insiders were filed in the last 90 days; 87 institutions reported holding it in 13F filings for Q2 2026, worth $208.7M in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in Alliancebernstein National Municipal Income Fund as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
81
+3 vs. Q1 2025
Shares held
17.5M
−266.8K (−1.5%) vs. Q1 2025
Total value
$180.5M
−$13.0M (−6.7%) vs. Q1 2025
New holders
14
18 more added
Sold out
11
31 more reduced

1 institution that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting AFB on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 81 institutions
Q1 2021: 69 institutionsQ2 2021: 68 institutionsQ3 2021: 65 institutionsQ4 2021: 68 institutionsQ1 2022: 72 institutionsQ2 2022: 74 institutionsQ3 2022: 75 institutionsQ4 2022: 82 institutionsQ1 2023: 80 institutionsQ2 2023: 80 institutionsQ3 2023: 75 institutionsQ4 2023: 78 institutionsQ1 2024: 83 institutionsQ2 2024: 90 institutionsQ3 2024: 80 institutionsQ4 2024: 81 institutionsQ1 2025: 79 institutionsQ2 2025: 81 institutionsQ3 2025: 76 institutionsQ4 2025: 92 institutionsQ1 2026: 92 institutionsQ2 2026: 87 institutions
Value heldQ2 2025: $180.5M
Q1 2021: $145.7MQ2 2021: $151.4MQ3 2021: $140.4MQ4 2021: $140.6MQ1 2022: $123.2MQ2 2022: $126.7MQ3 2022: $117.0MQ4 2022: $132.3MQ1 2023: $145.8MQ2 2023: $146.2MQ3 2023: $136.0MQ4 2023: $175.4MQ1 2024: $198.0MQ2 2024: $182.4MQ3 2024: $188.5MQ4 2024: $189.8MQ1 2025: $193.7MQ2 2025: $180.5MQ3 2025: $197.3MQ4 2025: $203.9MQ1 2026: $198.7MQ2 2026: $208.7M
Institutions holding AFB and their total value by quarter
QuarterHoldersValue
Q2 202687$208.7M
Q1 202692$198.7M
Q4 202592$203.9M
Q3 202576$197.3M
Q2 202581$180.5M
Q1 202579$193.7M
Q4 202481$189.8M
Q3 202480$188.5M
Q2 202490$182.4M
Q1 202483$198.0M
Q4 202378$175.4M
Q3 202375$136.0M
Q2 202380$146.2M
Q1 202380$145.8M
Q4 202282$132.3M
Q3 202275$117.0M
Q2 202274$126.7M
Q1 202272$123.2M
Q4 202168$140.6M
Q3 202165$140.4M
Q2 202168$151.4M
Q1 202169$145.7M

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Alliancebernstein National Municipal Income Fund; share changes are against Q1 2025.

Institutions holding AFB in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Saba Capital Management, L.P.3,149,020$32.5M0.88%00.0%Unchanged
Pathstone Holdings, LLC1,999,011$20.6M0.08%−394,944−16.5%Reduced
Bulldog Investors, LLP1,164,190$12.0M3.03%+75,342+6.9%Added
Karpus Management, Inc.1,144,987$11.8M0.38%+426,910+59.5%Added
Rivernorth Capital Management, LLC1,083,326$11.2M0.62%−8,088−0.7%Reduced
Allspring Global Investments Holdings, LLC990,611$10.2M0.02%+176,158+21.6%Added
Keybank National Association881,574$9.09M0.03%−28,566−3.1%Reduced
Morgan Stanley680,691$7.02M0.00%−254,112−27.2%Reduced
Sit Investment Associates Inc613,975$6.33M0.14%00.0%Unchanged
Advisors Asset Management, Inc.580,533$5.99M0.11%+53,744+10.2%Added
Wells Fargo & Company505,689$5.21M0.00%−181,318−26.4%Reduced
Royal Bank of Canada484,950$5.00M0.00%+243,524+100.9%Added
City of London Investment Management Co Ltd453,640$4.68M0.43%−116,062−20.4%Reduced
Lido Advisors, LLC370,367$3.82M0.02%−215,981−36.8%Reduced
Hennion & Walsh Asset Management, Inc.369,369$3.81M0.15%−11,087−2.9%Reduced
Guggenheim Capital LLC296,544$3.06M0.02%+138,277+87.4%Added
Commonwealth Equity Services, LLC215,130$2.22M0.00%−53,353−19.9%Reduced
Almitas Capital LLC214,484$2.21M0.56%+27,014+14.4%Added
Van Eck Associates Corp200,462$2.07M0.00%+3,849+2.0%Added
Logan Stone Capital, LLC162,127$1.67M0.79%+1,019+0.6%Added
Indiana Trust & Investment Management CO152,252$1.57M0.52%00.0%Unchanged
Bank of New York Mellon Corp128,920$1.33M0.00%−2,697−2.0%Reduced
Whitebox Advisors LLC113,648$1.17M0.03%−307−0.3%Reduced
LPL Financial LLC113,030$1.17M0.00%−3,089−2.7%Reduced
Kennedy Investment Group81,725$842.6K0.36%−10,788−11.7%Reduced
Integrated Wealth Concepts LLC77,513$799.2K0.01%00.0%Unchanged
Capital Investment Advisors, LLC76,983$793.7K0.01%−1,849−2.3%Reduced
Creative Planning75,888$782.4K0.00%−14,642−16.2%Reduced
Cohen & Steers, Inc.73,000$753.0K0.00%00.0%Unchanged
Riverbridge Partners LLC69,014$711.5K0.01%+2,872+4.3%Added
Rothschild Investment LLC68,474$706.0K0.04%−6,000−8.1%Reduced
Dakota Wealth Management66,827$689.0K0.01%−2,000−2.9%Reduced
1607 Capital Partners, LLC60,752$626.4K0.05%−4,458−6.8%Reduced
Ameriprise Financial Inc60,291$621.6K0.00%00.0%Unchanged
Bank of America Corp58,599$604.2K0.00%+815+1.4%Added
HighTower Advisors, LLC48,597$501.0K0.00%−237−0.5%Reduced
Melfa Wealth Management, LLC46,995$484.5K0.31%00.0%Unchanged
Envestnet Asset Management Inc45,124$465.2K0.00%+13,558+43.0%Added
Traub Capital Management LLC42,918$442.5K0.41%+42,918New
Arete Wealth Advisors, LLC41,207$425.0K0.03%+1,317+3.3%Added
Stifel Financial Corp37,102$382.5K0.00%+330+0.9%Added
Blue Bell Private Wealth Management, LLC36,753$378.9K0.06%−1,412−3.7%Reduced
UBS Group AG33,690$347.3K0.00%−22,056−39.6%Reduced
ProVise Management Group, LLC28,125$290.0K0.02%+2,425+9.4%Added
TCG Advisory Services, LLC24,074$248.2K0.01%+274+1.2%Added
Raymond James Financial Inc22,406$231.0K0.00%−1,782−7.4%Reduced
Catalina Capital Group, LLC19,690$203.0K0.14%+19,690New
Smith Asset Management Co., LLC18,203$187.7K0.16%00.0%Unchanged
Balanced Wealth Group LLC14,313$145.1K0.06%−98,717−87.3%Reduced
US Bancorp12,787$131.8K0.00%00.0%Unchanged
SMH Capital Advisors Inc12,609$130.0K0.30%+296+2.4%Added
Plan A Wealth LLC12,571$129.6K0.07%00.0%Unchanged
Advisor Group Holdings, Inc.12,377$127.6K0.00%−1,457−10.5%Reduced
Wellspring Financial Advisors, LLC12,091$124.7K0.01%+12,091New
Merit Financial Group, LLC11,949$123.2K0.00%+11,949New
Toronto Dominion Bank11,833$122.0K0.00%+11,833New
Jane Street Group, LLC11,529$118.9K0.00%+11,529New
RSM US Wealth Management LLC11,304$116.5K0.00%−4,149−26.8%Reduced
U.S. Capital Wealth Advisors, LLC11,059$114.0K0.00%+10+0.1%Added
Duncker Streett & Co Inc11,000$113.4K0.02%+11,000New
Susquehanna International Group, LLP10,663$109.9K0.00%+10,663New
Captrust Financial Advisors10,032$103.4K0.00%+10,032New
Nomura Holdings Inc10,000$103.1K0.00%+10,000New
Wolverine Asset Management LLC9,877$101.8K0.00%+9,877New
Elequin Capital LP8,175$84.3K0.01%+8,175New
CX Institutional7,500$77.0K0.00%−1,068−12.5%Reduced
Allworth Financial LP7,000$72.2K0.00%+7,000New
Steward Partners Investment Advisory, LLC6,690$69.0K0.00%−2,653−28.4%Reduced
Geneos Wealth Management Inc.5,231$53.9K0.00%−10,878−67.5%Reduced
ORG Partners LLC1,568$16.3K0.00%00.0%Unchanged
Caldwell Trust Co1,400$14.4K0.00%00.0%Unchanged
Creekmur Asset Management LLC1,267$13.1K0.00%00.0%Unchanged
Private Trust Co NA1,100$11.3K0.00%00.0%Unchanged
Global Retirement Partners, LLC1,000$10.3K0.00%+1,000New
Northwestern Mutual Wealth Management Co775$7.99K0.00%−6,628−89.5%Reduced
Harbour Investments, Inc.550$5.67K0.00%00.0%Unchanged
WPG Advisers, LLC434$4.47K0.00%−501−53.6%Reduced
Mascoma Wealth Management LLC345$3.56K0.00%00.0%Unchanged
Montag A & Associates Inc322$3.32K0.00%00.0%Unchanged
GPS Wealth Strategies Group, LLC167$1.72K0.00%00.0%Unchanged
Comerica Bank66$6850.00%−23−25.8%Reduced
Invesco Ltd.0$00.00%−36,714−100.0%Sold out
Nelson, Van Denburg & Campbell Wealth Management Group, LLC0$00.00%−33,571−100.0%Sold out
Ackerman Capital Advisors, LLC0$00.00%−14,003−100.0%Sold out
Inscription Capital, LLC0$00.00%−12,313−100.0%Sold out
HRT Financial LP0$00.00%−11,495−100.0%Sold out
LifeGoal Wealth Advisors0$00.00%−10,698−100.0%Sold out
CNH Partners LLC0$00.00%−10,270−100.0%Sold out
Accredited Investor Services, LLC0$00.00%−10,164−100.0%Sold out
Carolinas Wealth Consulting LLC0$00.00%−10,000−100.0%Sold out
IFP Advisors, Inc0$00.00%−1,700−100.0%Sold out
Coldstream Capital Management Inc0$00.00%−500−100.0%Sold out
Noble Wealth Management PBC––––Not filed