ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND - AFB
Detailed investor-level table based on 13F positions.
Early Q1 2026 data: only 20 institutional holders reported so far. The full shareholder list will grow as more funds file with the SEC.
Methodology:
Market value and % of portfolio use SEC reported VALUE ($000).
For PUT/CALL positions this reflects reported underlying exposure, not premium cash paid/received.
Details.
Rows: 0
| Investor | History | Status | Shares held | Market value ($000) | % of portfolio | Previous % | Rank | Change in shares | % change in shares | Source | Date reported |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Saba Capital Management, L.P. | History | Reduced | 2,760,256 | 29,865 | 0.89% | 0.91% | 1 | -321,043 | -10.42% | Q4 2025 | Feb 17, 2026 |
| Pathstone Holdings, LLC | History | New | 2,742,394 | 29,672 | 0.11% | — | 2 | +2,742,394 | New | Q4 2025 | Feb 13, 2026 |
| Karpus Management, Inc. | History | Added to | 1,539,698 | 16,659 | 0.51% | 0.44% | 3 | +257,864 | 20.12% | Q4 2025 | Feb 17, 2026 |
| Allspring Global Investments Holdings, LLC | History | Added to | 1,432,746 | 15,502 | 0.03% | 0.02% | 4 | +206,961 | 16.88% | Q4 2025 | Jan 15, 2026 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | History | Added to | 1,039,845 | 11,251 | 0.53% | 0.63% | 5 | +25,688 | 2.53% | Q4 2025 | Feb 17, 2026 |
| KEYBANK NATIONAL ASSOCIATION/OH | History | Added to | 930,742 | 10,070 | 0.04% | 0.03% | 6 | +49,044 | 5.56% | Q4 2025 | Jan 30, 2026 |
| MORGAN STANLEY | History | Added to | 714,178 | 7,727 | 0.0% | 0.0% | 7 | +2,906 | 0.41% | Q4 2025 | Feb 13, 2026 |
| GUGGENHEIM CAPITAL LLC | History | Added to | 705,049 | 7,628 | 0.05% | 0.04% | 8 | +232,964 | 49.35% | Q4 2025 | Feb 17, 2026 |
| Advisors Asset Management, Inc. | History | Added to | 699,896 | 7,572 | 0.13% | 0.11% | 9 | +120,546 | 20.81% | Q4 2025 | Feb 12, 2026 |
| Hennion & Walsh Asset Management, Inc. | History | Added to | 609,785 | 6,597 | 0.23% | 0.22% | 10 | +46,568 | 8.27% | Q4 2025 | Jan 14, 2026 |
| WELLS FARGO & COMPANY/MN | History | Added to | 494,690 | 5,352 | 0.0% | 0.0% | 11 | +1,844 | 0.37% | Q4 2025 | Feb 13, 2026 |
| SIT INVESTMENT ASSOCIATES INC | History | Reduced | 480,983 | 5,204 | 6.38% | 0.14% | 12 | -132,992 | -21.66% | Q4 2025 | Feb 25, 2026 |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | History | No change | 453,640 | 4,908 | 0.37% | 0.36% | 13 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| Lido Advisors, LLC | History | No change | 312,075 | 3,386 | 0.01% | 0.01% | 14 | 0 | 0.0% | Q4 2025 | Feb 10, 2026 |
| Fiera Capital Corp | History | New | 268,207 | 2,902 | 0.01% | — | 15 | +268,207 | New | Q4 2025 | Feb 11, 2026 |
| VAN ECK ASSOCIATES CORP | History | Added to | 242,494 | 2,624 | 0.0% | 0.0% | 16 | +31,932 | 15.17% | Q4 2025 | Feb 13, 2026 |
| ROYAL BANK OF CANADA | History | New | 215,218 | 2,329 | 0.0% | — | 17 | +215,218 | New | Q4 2025 | Feb 17, 2026 |
| Almitas Capital LLC | History | No change | 214,282 | 2,318 | 0.51% | 0.53% | 18 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| COMMONWEALTH EQUITY SERVICES, LLC | History | Reduced | 197,189 | 2,133 | 0.0% | 0.0% | 19 | -13,092 | -6.23% | Q4 2025 | Feb 12, 2026 |
| Logan Stone Capital, LLC | History | Added to | 188,972 | 2,044 | 0.5% | 0.58% | 20 | +71,299 | 60.59% | Q4 2025 | Feb 17, 2026 |
| UBS Group AG | History | Added to | 156,142 | 1,689 | 0.0% | 0.0% | 21 | +108,680 | 228.98% | Q4 2025 | Jan 29, 2026 |
| Indiana Trust & Investment Management Co | History | No change | 152,252 | 1,647 | 0.49% | 0.5% | 22 | 0 | 0.0% | Q4 2025 | Jan 21, 2026 |
| Bank of New York Mellon Corp | History | Added to | 140,872 | 1,524 | 0.0% | 0.0% | 23 | +7,557 | 5.67% | Q4 2025 | Feb 10, 2026 |
| RIVERBRIDGE PARTNERS LLC | History | Added to | 138,885 | 1,502 | 0.03% | 0.02% | 24 | +37,893 | 37.52% | Q4 2025 | Jan 13, 2026 |
| LORD, ABBETT & CO. LLC | History | No change | 115,072 | 1,245 | 0.0% | 0.0% | 25 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| WHITEBOX ADVISORS LLC | History | No change | 113,648 | 1,229 | 0.02% | 0.02% | 26 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| LPL Financial LLC | History | Reduced | 99,298 | 1,074 | 0.0% | 0.0% | 27 | -714 | -0.71% | Q4 2025 | Feb 11, 2026 |
| Altium Capital Management LLC | History | New | 96,849 | 1,047 | 4.14% | — | 28 | +96,849 | New | Q4 2025 | Feb 06, 2026 |
| BALYASNY ASSET MANAGEMENT L.P. | History | New | 93,982 | 1,016 | 0.0% | — | 29 | +93,982 | New | Q4 2025 | Feb 17, 2026 |
| ROBINSON CAPITAL MANAGEMENT, LLC | History | New | 84,467 | 913 | 0.37% | — | 30 | +84,467 | New | Q4 2025 | Feb 13, 2026 |
| &PARTNERS | History | New | 83,154 | 899 | 0.0% | — | 31 | +83,154 | New | Q4 2025 | Feb 17, 2026 |
| COHEN & STEERS, INC. | History | No change | 78,000 | 844 | 0.0% | 0.0% | 32 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| Integrated Wealth Concepts LLC | History | No change | 73,210 | 792 | 0.01% | 0.01% | 33 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| Capital Investment Advisors, LLC | History | Reduced | 71,414 | 772 | 0.01% | 0.01% | 34 | -6,070 | -7.83% | Q4 2025 | Jan 13, 2026 |
| Dakota Wealth Management | History | Reduced | 66,227 | 716 | 0.01% | 0.01% | 35 | -600 | -0.9% | Q4 2025 | Jan 13, 2026 |
| BANK OF AMERICA CORP /DE/ | History | Reduced | 56,380 | 610 | 0.0% | 0.0% | 36 | -3,453 | -5.77% | Q4 2025 | Feb 17, 2026 |
| Noble Wealth Management PBC | History | Added to | 55,182 | 597 | 0.3% | 0.12% | 37 | +34,750 | 170.08% | Q4 2025 | Jan 05, 2026 |
| Creative Planning | History | Reduced | 53,109 | 574 | 0.0% | 0.0% | 38 | -6,971 | -11.6% | Q4 2025 | Feb 17, 2026 |
| KENNEDY INVESTMENT GROUP | History | Reduced | 52,094 | 563 | 0.21% | 0.31% | 39 | -19,869 | -27.61% | Q4 2025 | Feb 06, 2026 |
| HighTower Advisors, LLC | History | Added to | 51,097 | 552 | 0.0% | 0.0% | 40 | +3,535 | 7.43% | Q4 2025 | Feb 06, 2026 |
| MELFA WEALTH MANAGEMENT, INC. | History | Added to | 47,652 | 515 | 0.3% | 0.3% | 41 | +803 | 1.71% | Q4 2025 | Jan 16, 2026 |
| Traub Capital Management LLC | History | Added to | 46,787 | 506 | 0.49% | 0.42% | 42 | +8,038 | 20.74% | Q4 2025 | Jan 29, 2026 |
| ENVESTNET ASSET MANAGEMENT INC | History | Reduced | 42,493 | 459 | 0.0% | 0.0% | 43 | -5,026 | -10.58% | Q4 2025 | Feb 10, 2026 |
| AMERIPRISE FINANCIAL INC | History | Reduced | 42,409 | 458 | 0.0% | 0.0% | 44 | -244,013 | -85.19% | Q4 2025 | Feb 17, 2026 |
| 1607 Capital Partners, LLC | History | Reduced | 35,947 | 388 | 0.03% | 0.04% | 45 | -14,955 | -29.38% | Q4 2025 | Feb 17, 2026 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | History | Reduced | 33,722 | 364 | 0.05% | 0.06% | 46 | -108 | -0.32% | Q4 2025 | Feb 09, 2026 |
| Closed-End Fund Advisors, Inc. | History | New | 32,806 | 354 | 0.21% | — | 47 | +32,806 | New | Q4 2025 | Feb 11, 2026 |
| STIFEL FINANCIAL CORP | History | Reduced | 32,645 | 353 | 0.0% | 0.0% | 48 | -7,782 | -19.25% | Q4 2025 | Feb 13, 2026 |
| ProVise Management Group, LLC | History | Reduced | 28,856 | 312 | 0.02% | 0.02% | 49 | -1,269 | -4.21% | Q4 2025 | Jan 29, 2026 |
| EVOLVE PRIVATE WEALTH, LLC | History | New | 27,391 | 296 | 0.02% | — | 50 | +27,391 | New | Q4 2025 | Feb 17, 2026 |
| WOLVERINE ASSET MANAGEMENT LLC | History | New | 27,196 | 294 | 0.0% | — | 51 | +27,196 | New | Q4 2025 | Feb 02, 2026 |
| Financially in Tune, LLC | History | New | 21,600 | 233 | 0.22% | — | 52 | +21,600 | New | Q4 2025 | Feb 27, 2026 |
| Catalina Capital Group, LLC | History | No change | 19,690 | 213 | 0.13% | 0.13% | 53 | 0 | 0.0% | Q4 2025 | Jan 16, 2026 |
| RAYMOND JAMES FINANCIAL INC | History | Added to | 19,466 | 210 | 0.0% | 0.0% | 54 | +430 | 2.26% | Q4 2025 | Feb 18, 2026 |
| Arete Wealth Advisors, LLC | History | Reduced | 18,902 | 205 | 0.01% | 0.03% | 55 | -22,309 | -54.13% | Q4 2025 | Feb 13, 2026 |
| Smith Asset Management Co., LLC | History | No change | 18,203 | 196 | 0.16% | 0.17% | 56 | 0 | 0.0% | Q4 2025 | Feb 19, 2026 |
| US BANCORP \DE\ | History | Added to | 17,232 | 186 | 0.0% | 0.0% | 57 | +4,445 | 34.76% | Q4 2025 | Jan 30, 2026 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | History | New | 16,677 | 180 | 0.0% | — | 58 | +16,677 | New | Q4 2025 | Feb 17, 2026 |
| JANE STREET GROUP, LLC | History | New | 15,072 | 163 | 0.0% | — | 59 | +15,072 | New | Q4 2025 | Feb 12, 2026 |
| Independent Advisor Alliance | History | New | 14,968 | 161 | 0.0% | — | 60 | +14,968 | New | Q4 2025 | Feb 04, 2026 |
| PFG Investments, LLC | History | New | 14,043 | 151 | 0.01% | — | 61 | +14,043 | New | Q4 2025 | Jan 26, 2026 |
| Wellspring Financial Advisors, LLC | History | Added to | 12,991 | 140 | 0.01% | 0.01% | 62 | +800 | 6.56% | Q4 2025 | Feb 11, 2026 |
| BALANCED WEALTH GROUP LLC | History | Reduced | 12,718 | 139 | 0.05% | 0.46% | 64 | -89,402 | -87.55% | Q4 2025 | Jan 13, 2026 |
| BANK OF MONTREAL /CAN/ | History | New | 12,986 | 139 | 0.0% | — | 63 | +12,986 | New | Q4 2025 | Feb 12, 2026 |
| SMH CAPITAL ADVISORS INC | History | No change | 12,609 | 136 | 0.28% | 0.28% | 65 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| OSAIC HOLDINGS, INC. | History | Reduced | 12,467 | 134 | 0.0% | 0.0% | 66 | -76 | -0.61% | Q4 2025 | Feb 17, 2026 |
| Merit Financial Group, LLC | History | Added to | 12,366 | 133 | 0.0% | 0.0% | 67 | +483 | 4.06% | Q4 2025 | Jan 26, 2026 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | History | New | 12,147 | 131 | 0.01% | — | 68 | +12,147 | New | Q4 2025 | Feb 13, 2026 |
| Cerity Partners LLC | History | New | 11,535 | 124 | 0.0% | — | 69 | +11,535 | New | Q4 2025 | Feb 11, 2026 |
| River Street Advisors LLC | History | New | 11,182 | 120 | 0.04% | — | 70 | +11,182 | New | Q4 2025 | Jan 26, 2026 |
| READYSTATE ASSET MANAGEMENT LP | History | New | 11,013 | 119 | 0.0% | — | 72 | +11,013 | New | Q4 2025 | Feb 17, 2026 |
| DUNCKER STREETT & CO INC | History | No change | 11,000 | 119 | 0.02% | 0.02% | 71 | 0 | 0.0% | Q4 2025 | Jan 27, 2026 |
| CHOREO, LLC | History | Reduced | 10,879 | 117 | 0.0% | 0.0% | 73 | -401 | -3.55% | Q4 2025 | Jan 23, 2026 |
| Bulldog Investors, LLP | History | Reduced | 10,474 | 113 | 0.03% | 2.34% | 74 | -920,625 | -98.88% | Q4 2025 | Feb 13, 2026 |
| U.S. Capital Wealth Advisors, LLC | History | Reduced | 10,213 | 110 | 0.0% | 0.0% | 75 | -856 | -7.73% | Q4 2025 | Jan 23, 2026 |
| Allworth Financial LP | History | New | 7,000 | 75 | 0.0% | — | 76 | +7,000 | New | Q4 2025 | Feb 05, 2026 |
| Global Retirement Partners, LLC | History | Added to | 4,670 | 50 | 0.0% | 0.0% | 77 | +3,670 | 367.0% | Q4 2025 | Feb 06, 2026 |
| Elyxium Wealth, LLC | History | New | 3,983 | 43 | 0.01% | — | 78 | +3,983 | New | Q4 2025 | Feb 05, 2026 |
| Steward Partners Investment Advisory, LLC | History | Reduced | 3,328 | 36 | 0.0% | 0.0% | 79 | -1,840 | -35.6% | Q4 2025 | Feb 12, 2026 |
| Scarborough Advisors, LLC | History | New | 1,783 | 19 | 0.0% | — | 80 | +1,783 | New | Q4 2025 | Feb 17, 2026 |
| Pinnacle Wealth Planning Services, Inc. | History | New | 1,599 | 17 | 0.0% | — | 81 | +1,599 | New | Q4 2025 | Feb 13, 2026 |
| ORG Partners LLC | History | No change | 1,568 | 16 | 0.0% | 0.0% | 82 | 0 | 0.0% | Q4 2025 | Jan 14, 2026 |
| Caldwell Trust Co | History | No change | 1,400 | 15 | 0.0% | 0.0% | 83 | 0 | 0.0% | Q4 2025 | Jan 30, 2026 |
| PRIVATE TRUST CO NA | History | No change | 1,100 | 11 | 0.0% | 0.0% | 84 | 0 | 0.0% | Q4 2025 | Jan 26, 2026 |
| AMERICAN NATIONAL BANK & TRUST | History | New | 828 | 8 | 0.0% | — | 85 | +828 | New | Q4 2025 | Jan 20, 2026 |
| MOTCO | History | No change | 725 | 7 | 0.0% | 0.0% | 86 | 0 | 0.0% | Q4 2025 | Feb 06, 2026 |
| CoreCap Advisors, LLC | History | No change | 729 | 7 | 0.0% | 0.0% | 87 | 0 | 0.0% | Q4 2025 | Jan 13, 2026 |
| HARBOUR INVESTMENTS, INC. | History | Reduced | 500 | 5 | 0.0% | 0.0% | 88 | -50 | -9.09% | Q4 2025 | Feb 09, 2026 |
| WPG Advisers, LLC | History | Added to | 444 | 4 | 0.0% | 0.0% | 89 | +4 | 0.91% | Q4 2025 | Jan 28, 2026 |
| MONTAG A & ASSOCIATES INC | History | No change | 322 | 3 | 0.0% | 0.0% | 90 | 0 | 0.0% | Q4 2025 | Feb 02, 2026 |
| GPS Wealth Strategies Group, LLC | History | Added to | 169 | 1 | 0.0% | 0.0% | 91 | +2 | 1.2% | Q4 2025 | Feb 06, 2026 |
| HUB Investment Partners, LLC | History | Closed out | 0 | 0 | — | 0.01% | — | -24,366 | -100.0% | Q3 2025 | Nov 12, 2025 |
| Plan A Wealth LLC | History | Closed out | 0 | 0 | — | 0.07% | — | -12,571 | -100.0% | Q3 2025 | Nov 06, 2025 |
| PNC FINANCIAL SERVICES GROUP, INC. | History | Closed out | 0 | 0 | — | 0.0% | — | -6,019 | -100.0% | Q3 2025 | Nov 07, 2025 |
| Financial Gravity Asset Management, Inc. | History | Closed out | 0 | 0 | — | 0.0% | — | -759 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Mascoma Wealth Management LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -345 | -100.0% | Q3 2025 | Oct 28, 2025 |
| COMERICA BANK | History | No change | 66 | 0 | — | — | — | 0 | 0.0% | Q4 2025 | Jan 29, 2026 |