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, Q4 2025
Institutional positions in Alliancebernstein National Municipal Income Fund as of Dec 31, 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
- 92
- +17 vs. Q3 2025
- Shares held
- 18.8M
- +865.0K (+4.8%) vs. Q3 2025
- Total value
- $203.9M
- +$8.88M (+4.6%) vs. Q3 2025
- New holders
- 22
- 27 more added
- Sold out
- 5
- 23 more reduced
1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 87 | $208.7M |
| Q1 2026 | 92 | $198.7M |
| Q4 2025 | 92 | $203.9M |
| Q3 2025 | 76 | $195.0M |
| Q2 2025 | 81 | $178.0M |
| Q1 2025 | 79 | $193.6M |
| Q4 2024 | 81 | $189.3M |
| Q3 2024 | 80 | $188.5M |
| Q2 2024 | 90 | $182.4M |
| Q1 2024 | 83 | $169.8M |
| Q4 2023 | 78 | $160.0M |
| Q3 2023 | 75 | $136.0M |
| Q2 2023 | 80 | $146.2M |
| Q1 2023 | 80 | $145.8M |
| Q4 2022 | 82 | $132.3M |
| Q3 2022 | 75 | $117.0M |
| Q2 2022 | 74 | $126.5M |
| Q1 2022 | 72 | $123.2M |
| Q4 2021 | 68 | $140.6M |
| Q3 2021 | 65 | $139.8M |
| Q2 2021 | 68 | $151.4M |
| Q1 2021 | 69 | $145.7M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Alliancebernstein National Municipal Income Fund; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Saba Capital Management, L.P. | 2,760,256 | $29.9M | 1.00% | −321,043−10.4% | Reduced |
| Pathstone Holdings, LLC | 2,742,394 | $29.7M | 0.11% | +599,292+28.0% | Added |
| Karpus Management, Inc. | 1,539,698 | $16.7M | 0.51% | +257,864+20.1% | Added |
| Allspring Global Investments Holdings, LLC | 1,432,746 | $15.5M | 0.03% | +206,961+16.9% | Added |
| Rivernorth Capital Management, LLC | 1,039,845 | $11.3M | 0.53% | +25,688+2.5% | Added |
| Keybank National Association | 930,742 | $10.1M | 0.04% | +49,044+5.6% | Added |
| Morgan Stanley | 714,178 | $7.73M | 0.00% | +2,906+0.4% | Added |
| Guggenheim Capital LLC | 705,049 | $7.63M | 0.06% | +232,964+49.3% | Added |
| Advisors Asset Management, Inc. | 699,896 | $7.57M | 0.13% | +120,546+20.8% | Added |
| Hennion & Walsh Asset Management, Inc. | 609,785 | $6.60M | 0.23% | +46,568+8.3% | Added |
| Wells Fargo & Company | 494,690 | $5.35M | 0.00% | +1,844+0.4% | Added |
| Sit Investment Associates Inc | 480,983 | $5.20M | 0.10% | −132,992−21.7% | Reduced |
| City of London Investment Management Co Ltd | 453,640 | $4.91M | 0.37% | 00.0% | Unchanged |
| Lido Advisors, LLC | 312,075 | $3.39M | 0.01% | 00.0% | Unchanged |
| Fiera Capital Corp | 268,207 | $2.90M | 0.01% | +268,207 | New |
| Van Eck Associates Corp | 242,494 | $2.62M | 0.00% | +31,932+15.2% | Added |
| Royal Bank of Canada | 215,218 | $2.33M | 0.00% | +1,070+0.5% | Added |
| Almitas Capital LLC | 214,282 | $2.32M | 0.51% | 00.0% | Unchanged |
| Commonwealth Equity Services, LLC | 197,189 | $2.13M | 0.00% | −13,092−6.2% | Reduced |
| Logan Stone Capital, LLC | 188,972 | $2.04M | 0.50% | +71,299+60.6% | Added |
| UBS Group AG | 156,142 | $1.69M | 0.00% | +108,680+229.0% | Added |
| Indiana Trust & Investment Management CO | 152,252 | $1.65M | 0.49% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 140,872 | $1.52M | 0.00% | +7,557+5.7% | Added |
| Riverbridge Partners LLC | 138,885 | $1.50M | 0.03% | +37,893+37.5% | Added |
| Lord, Abbett & Co. LLC | 115,072 | $1.25M | 0.00% | 00.0% | Unchanged |
| Whitebox Advisors LLC | 113,648 | $1.23M | 0.02% | 00.0% | Unchanged |
| LPL Financial LLC | 99,298 | $1.07M | 0.00% | −714−0.7% | Reduced |
| Altium Capital Management LP | 96,849 | $1.05M | 4.14% | +96,849 | New |
| Balyasny Asset Management LLC | 93,982 | $1.02M | 0.00% | +93,982 | New |
| Robinson Capital Management, LLC | 84,467 | $913.9K | 0.38% | +84,467 | New |
| Wiley Bros.-Aintree Capital, LLC | 83,154 | $899.7K | 0.00% | +83,154 | New |
| Cohen & Steers, Inc. | 78,000 | $844.0K | 0.00% | 00.0% | Unchanged |
| Integrated Wealth Concepts LLC | 73,210 | $792.1K | 0.01% | 00.0% | Unchanged |
| Capital Investment Advisors, LLC | 71,414 | $772.7K | 0.01% | −6,070−7.8% | Reduced |
| Dakota Wealth Management | 66,227 | $716.6K | 0.01% | −600−0.9% | Reduced |
| Bank of America Corp | 56,380 | $610.0K | 0.00% | −3,453−5.8% | Reduced |
| Noble Wealth Management PBC | 55,182 | $597.1K | 0.30% | +34,750+170.1% | Added |
| Creative Planning | 53,109 | $574.6K | 0.00% | −6,971−11.6% | Reduced |
| Kennedy Investment Group | 52,094 | $563.7K | 0.21% | −19,869−27.6% | Reduced |
| HighTower Advisors, LLC | 51,097 | $552.9K | 0.00% | +3,535+7.4% | Added |
| Melfa Wealth Management, LLC | 47,652 | $515.6K | 0.30% | +803+1.7% | Added |
| Traub Capital Management LLC | 46,787 | $506.2K | 0.49% | +8,038+20.7% | Added |
| Envestnet Asset Management Inc | 42,493 | $459.8K | 0.00% | −5,026−10.6% | Reduced |
| Ameriprise Financial Inc | 42,409 | $458.9K | 0.00% | −244,013−85.2% | Reduced |
| 1607 Capital Partners, LLC | 35,947 | $388.9K | 0.03% | −14,955−29.4% | Reduced |
| Blue Bell Private Wealth Management, LLC | 33,722 | $364.9K | 0.05% | −108−0.3% | Reduced |
| Closed-End Fund Advisors, Inc. | 32,806 | $355.0K | 0.21% | +32,806 | New |
| Stifel Financial Corp | 32,645 | $353.2K | 0.00% | −7,782−19.2% | Reduced |
| ProVise Management Group, LLC | 28,856 | $312.2K | 0.02% | −1,269−4.2% | Reduced |
| Evolve Private Wealth, LLC | 27,391 | $296.4K | 0.02% | +27,391 | New |
| Wolverine Asset Management LLC | 27,196 | $294.3K | 0.00% | +27,196 | New |
| Financially in Tune, LLC | 21,600 | $233.7K | 0.22% | +21,600 | New |
| Catalina Capital Group, LLC | 19,690 | $213.0K | 0.13% | 00.0% | Unchanged |
| Raymond James Financial Inc | 19,466 | $210.6K | 0.00% | +430+2.3% | Added |
| Arete Wealth Advisors, LLC | 18,901 | $204.5K | 0.01% | −22,310−54.1% | Reduced |
| Smith Asset Management Co., LLC | 18,203 | $197.0K | 0.16% | 00.0% | Unchanged |
| US Bancorp | 17,232 | $186.4K | 0.00% | +4,445+34.8% | Added |
| Susquehanna International Group, LLP | 16,677 | $180.4K | 0.00% | +16,677 | New |
| Jane Street Group, LLC | 15,072 | $163.1K | 0.00% | +15,072 | New |
| Independent Advisor Alliance | 14,968 | $162.0K | 0.00% | +14,968 | New |
| PFG Investments, LLC | 14,043 | $151.9K | 0.01% | +14,043 | New |
| Wellspring Financial Advisors, LLC | 12,991 | $140.6K | 0.01% | +800+6.6% | Added |
| Bank of Montreal | 12,986 | $140.0K | 0.00% | +12,986 | New |
| Balanced Wealth Group LLC | 12,718 | $139.0K | 0.05% | −89,402−87.5% | Reduced |
| SMH Capital Advisors Inc | 12,609 | $136.4K | 0.28% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 12,467 | $134.9K | 0.00% | −76−0.6% | Reduced |
| Merit Financial Group, LLC | 12,366 | $133.8K | 0.00% | +483+4.1% | Added |
| Landscape Capital Management, L.L.C. | 12,147 | $131.4K | 0.01% | +12,147 | New |
| Cerity Partners LLC | 11,535 | $124.8K | 0.00% | +11,535 | New |
| River Street Advisors LLC | 11,182 | $121.0K | 0.05% | +11,182 | New |
| Readystate Asset Management LP | 11,013 | $119.2K | 0.01% | +11,013 | New |
| Duncker Streett & Co Inc | 11,000 | $119.0K | 0.02% | 00.0% | Unchanged |
| RSM US Wealth Management LLC | 10,879 | $117.3K | 0.00% | −401−3.6% | Reduced |
| Bulldog Investors, LLP | 10,474 | $113.3K | 0.03% | −920,625−98.9% | Reduced |
| U.S. Capital Wealth Advisors, LLC | 10,213 | $110.5K | 0.00% | −856−7.7% | Reduced |
| Allworth Financial LP | 7,000 | $75.7K | 0.00% | 00.0% | Unchanged |
| Global Retirement Partners, LLC | 4,670 | $50.5K | 0.00% | +3,670+367.0% | Added |
| Elyxium Wealth, LLC | 3,983 | $43.1K | 0.01% | +3,983 | New |
| Steward Partners Investment Advisory, LLC | 3,328 | $36.0K | 0.00% | −1,840−35.6% | Reduced |
| Scarborough Advisors, LLC | 1,783 | $19.3K | 0.00% | +1,783 | New |
| Pinnacle Wealth Planning Services, Inc. | 1,599 | $17.3K | 0.00% | +1,599 | New |
| ORG Partners LLC | 1,568 | $17.0K | 0.00% | 00.0% | Unchanged |
| Caldwell Trust Co | 1,400 | $15.1K | 0.00% | 00.0% | Unchanged |
| Private Trust Co NA | 1,100 | $11.9K | 0.00% | 00.0% | Unchanged |
| American National Bank | 828 | $8.96K | 0.00% | +828 | New |
| CoreCap Advisors, LLC | 729 | $7.89K | 0.00% | 00.0% | Unchanged |
| Motco | 725 | $7.84K | 0.00% | 00.0% | Unchanged |
| Harbour Investments, Inc. | 500 | $5.41K | 0.00% | −50−9.1% | Reduced |
| WPG Advisers, LLC | 444 | $4.80K | 0.00% | +4+0.9% | Added |
| Montag A & Associates Inc | 322 | $3.48K | 0.00% | 00.0% | Unchanged |
| GPS Wealth Strategies Group, LLC | 169 | $1.83K | 0.00% | +2+1.2% | Added |
| Comerica Bank | 66 | $719 | 0.00% | 00.0% | Unchanged |
| TCG Advisory Services, LLC | 0 | $0 | 0.00% | −24,366−100.0% | Sold out |
| Plan A Wealth LLC | 0 | $0 | 0.00% | −12,571−100.0% | Sold out |
| The PNC Financial Services Group, Inc. | 0 | $0 | 0.00% | −6,019−100.0% | Sold out |
| Sofos Investments, Inc. | 0 | $0 | 0.00% | −759−100.0% | Sold out |
| Mascoma Wealth Management LLC | 0 | $0 | 0.00% | −345−100.0% | Sold out |
| Creekmur Asset Management LLC | – | – | – | – | Not filed |