ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND (AFB) — Institutional Holders, Q2 2026
86 institutional investment managers reported a AFB position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $208.3M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
AFB in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- Karpus ManagementNew · +3,603,262 sh+$41.1M
- RAYMOND JAMES FINANCIALAdded · +277,977 sh+$3.2M
- Advisors Asset ManagementAdded · +75,933 sh+$866.4K
- MORGAN STANLEYAdded · +72,144 sh+$823.2K
- Invesco Ltd.Added · +45,288 sh+$516.7K
Biggest sellers
- Saba Capital Management, L.P.Sold out · -459,321 sh-$5.2M
- Rareview CapitalTrimmed · -250,248 sh-$2.9M
- PathstoneTrimmed · -205,316 sh-$2.3M
- Logan Stone CapitalSold out · -152,881 sh-$1.7M
- SIT INVESTMENT ASSOCIATESTrimmed · -143,700 sh-$1.6M
AFB 13F holders ranked 1–86 of 86
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | Karpus Management#1 · 3,603,262 sh | 3,603,262 | $41.1M | 1.18% | New |
| 2 | Pathstone#2 · 2,883,076 sh | 2,883,076 | $32.9M | 0.10% | -6.6% |
| 3 | Allspring Global Investments#3 · 1,410,959 sh | 1,410,959 | $16.1M | 0.02% | -3.7% |
| 4 | RIVERNORTH CAPITAL MANAGEMENT#4 · 1,047,724 sh | 1,047,724 | $12.0M | 0.57% | -1.3% |
| 5 | KEYBANK NATIONAL ASSOCIATION#5 · 962,374 sh | 962,374 | $11.0M | 0.04% | +0.3% |
| 6 | MORGAN STANLEY#6 · 951,641 sh | 951,641 | $10.9M | <0.01% | +8.2% |
| 7 | Advisors Asset Management#7 · 764,003 sh | 764,003 | $8.7M | 0.13% | +11.0% |
| 8 | GUGGENHEIM CAPITAL#8 · 683,198 sh | 683,198 | $7.8M | 0.05% | -3.3% |
| 9 | Hennion & Walsh Asset Management#9 · 599,669 sh | 599,669 | $6.8M | — | -1.1% |
| 10 | SIT INVESTMENT ASSOCIATES#10 · 533,037 sh | 533,037 | $6.1M | 0.12% | -21.2% |
| 11 | WELLS FARGO & COMPANY#11 · 496,291 sh | 496,291 | $5.7M | <0.01% | -2.3% |
| 12 | CITY OF LONDON INVESTMENT MANAGEMENT LTD#12 · 373,640 sh | 373,640 | $4.3M | 0.26% | -17.6% |
| 13 | RAYMOND JAMES FINANCIAL#13 · 301,535 sh | 301,535 | $3.4M | <0.01% | +1180.0% |
| 14 | VAN ECK ASSOCIATES#14 · 269,068 sh | 269,068 | $3.1M | <0.01% | -0.9% |
| 15 | ROBINSON CAPITAL MANAGEMENT#15 · 265,460 sh | 265,460 | $3.0M | 1.34% | 0.0% |
| 16 | COMMONWEALTH EQUITY SERVICES#16 · 193,118 sh | 193,118 | $2.2M | <0.01% | -0.7% |
| 17 | Altium Capital Management#17 · 175,187 sh | 175,187 | $2.0M | 4.21% | -21.2% |
| 18 | Rareview Capital#18 · 169,976 sh | 169,976 | $1.8M | 0.98% | -59.6% |
| 19 | Fiera Capital#19 · 142,300 sh | 142,300 | $1.6M | <0.01% | -3.8% |
| 20 | Indiana & Investment Management#20 · 137,000 sh | 137,000 | $1.6M | — | 0.0% |
| 21 | Bank of New York Mellon#21 · 134,608 sh | 134,608 | $1.5M | <0.01% | -8.5% |
| 22 | Dakota Wealth Management#22 · 134,273 sh | 134,273 | $1.5M | 0.03% | +29.0% |
| 23 | LORD, ABBETT#23 · 129,025 sh | 129,025 | $1.5M | <0.01% | 0.0% |
| 24 | Almitas Capital#24 · 120,993 sh | 120,993 | $1.4M | 0.33% | -43.5% |
| 25 | LPL Financial#25 · 101,850 sh | 101,850 | $1.2M | <0.01% | +2.5% |
| 26 | RIVERBRIDGE PARTNERS#26 · 87,837 sh | 87,837 | $1.0M | 0.03% | -43.3% |
| 27 | WILEY BROS.-AINTREE CAPITAL#27 · 86,886 sh | 86,886 | $991.4K | <0.01% | -6.3% |
| 28 | Invesco Ltd.#28 · 80,636 sh | 80,636 | $920.1K | <0.01% | +128.1% |
| 29 | COHEN & STEERS#29 · 78,000 sh | 78,000 | $890.0K | <0.01% | 0.0% |
| 30 | Capital Investment Advisors#30 · 68,447 sh | 68,447 | $781.0K | — | -0.6% |
| 31 | Noble Wealth Management PBC#31 · 68,341 sh | 68,341 | $779.8K | — | +5.9% |
| 32 | Integrated Wealth Concepts#32 · 67,185 sh | 67,185 | $766.6K | <0.01% | -8.2% |
| 33 | ENVESTNET ASSET MANAGEMENT#33 · 62,947 sh | 62,947 | $718.2K | <0.01% | +10.8% |
| 34 | Summit Trail Advisors#34 · 61,708 sh | 61,708 | $704.1K | <0.01% | -4.1% |
| 35 | Closed-End Fund Advisors#35 · 60,689 sh | 60,689 | $692.5K | 0.68% | -3.2% |
| 36 | OSAIC#36 · 53,969 sh | 53,969 | $615.8K | <0.01% | +163.4% |
| 37 | PETRA FINANCIAL ADVISORS#37 · 53,035 sh | 53,035 | $605.1K | 0.28% | -0.6% |
| 38 | MELFA WEALTH MANAGEMENT#38 · 47,652 sh | 47,652 | $543.7K | 0.29% | 0.0% |
| 39 | BANK OF AMERICA#39 · 45,729 sh | 45,729 | $521.8K | 0.00% | -31.2% |
| 40 | Creative Planning#40 · 44,782 sh | 44,782 | $511.0K | <0.01% | -1.1% |
| 41 | KENNEDY INVESTMENT GROUP#41 · 39,174 sh | 39,174 | $447.0K | — | -17.1% |
| 42 | HighTower Advisors#42 · 36,345 sh | 36,345 | $414.7K | <0.01% | -13.1% |
| 43 | STIFEL FINANCIAL#43 · 33,029 sh | 33,029 | $376.9K | <0.01% | +1.1% |
| 44 | Thomas J. Herzfeld Advisors#44 · 33,015 sh | 33,015 | $376.7K | 0.12% | New |
| 45 | AMERIPRISE FINANCIAL#45 · 31,911 sh | 31,911 | $364.1K | <0.01% | -44.5% |
| 46 | BLUE BELL PRIVATE WEALTH MANAGEMENT#46 · 31,500 sh | 31,500 | $359.4K | 0.04% | -6.6% |
| 47 | PNC FINANCIAL SERVICES GROUP#47 · 30,633 sh | 30,633 | $349.5K | <0.01% | New |
| 48 | ProVise Management Group#48 · 30,356 sh | 30,356 | $346.4K | 0.02% | +5.2% |
| 49 | Traub Capital Management#49 · 28,481 sh | 28,481 | $325.0K | 0.29% | -43.4% |
| 50 | CITADEL ADVISORS#50 · 28,069 sh | 28,069 | $320.3K | 0.00% | New |
| 51 | Wellspring Financial Advisors#51 · 27,191 sh | 27,191 | $310.2K | 0.02% | +4.2% |
| 52 | Jupiter Wealth Management#52 · 27,175 sh | 27,175 | $310.1K | 0.12% | 0.0% |
| 53 | UBS Group AG#53 · 26,272 sh | 26,272 | $299.8K | 0.00% | -2.3% |
| 54 | EVOLVE PRIVATE WEALTH#54 · 25,992 sh | 25,992 | $296.6K | 0.02% | -4.8% |
| 55 | BALANCED WEALTH GROUP#55 · 24,433 sh | 24,433 | $278.8K | 0.09% | +5.1% |
| 56 | ROYAL BANK OF CANADA#56 · 21,315 sh | 21,315 | $243.0K | 0.00% | -72.8% |
| 57 | SRS Capital Advisors#57 · 20,426 sh | 20,426 | $233.1K | <0.01% | New |
| 58 | Smith Asset Management#58 · 18,203 sh | 18,203 | $207.7K | — | 0.0% |
| 59 | Virtu Financial#59 · 16,120 sh | 16,120 | $184.0K | <0.01% | New |
| 60 | Merit Financial Group#60 · 15,613 sh | 15,613 | $178.1K | <0.01% | +2.9% |
| 61 | Cerity Partners#61 · 15,612 sh | 15,612 | $178.1K | <0.01% | 0.0% |
| 62 | HRT FINANCIAL#62 · 15,579 sh | 15,579 | $177.0K | <0.01% | New |
| 63 | Independent Advisor Alliance#63 · 14,968 sh | 14,968 | $170.8K | <0.01% | 0.0% |
| 64 | CHOREO#64 · 14,134 sh | 14,134 | $161.3K | <0.01% | +8.0% |
| 65 | US BANCORP \DE\#65 · 12,787 sh | 12,787 | $145.9K | <0.01% | -25.8% |
| 66 | SMH CAPITAL ADVISORS#66 · 12,204 sh | 12,204 | $139.2K | 0.55% | New |
| 67 | Strategic Financial Concepts#67 · 11,444 sh | 11,444 | $130.6K | 0.04% | New |
| 68 | River Street Advisors#68 · 11,182 sh | 11,182 | $127.6K | — | 0.0% |
| 69 | DUNCKER STREETT#69 · 11,000 sh | 11,000 | $125.5K | 0.02% | 0.0% |
| 70 | Ground Swell Capital#70 · 10,485 sh | 10,485 | $119.6K | 0.13% | New |
| 71 | ACCREDITED INVESTOR SERVICES#71 · 10,042 sh | 10,042 | $114.6K | — | -0.4% |
| 72 | RMB Capital Management#72 · 10,000 sh | 10,000 | $114.1K | <0.01% | 0.0% |
| 73 | Allworth Financial#73 · 7,000 sh | 7,000 | $79.9K | <0.01% | 0.0% |
| 74 | Global Retirement Partners#74 · 6,433 sh | 6,433 | $73.4K | <0.01% | — |
| 75 | CITIGROUP#75 · 5,527 sh | 5,527 | $63.1K | 0.00% | New |
| 76 | Pinnacle Wealth Planning Services#76 · 2,265 sh | 2,265 | $25.8K | <0.01% | +17.2% |
| 77 | Clear Street Group#77 · 2,044 sh | 2,044 | $23.3K | <0.01% | New |
| 78 | Steward Partners Investment Advisory#78 · 1,840 sh | 1,840 | $21.0K | <0.01% | -44.7% |
| 79 | Caldwell#79 · 1,400 sh | 1,400 | $16.0K | <0.01% | 0.0% |
| 80 | PRIVATE NA#80 · 1,100 sh | 1,100 | $12.6K | — | 0.0% |
| 81 | CoreCap Advisors#81 · 788 sh | 788 | $9.0K | — | +8.1% |
| 82 | Markowski Investments#82 · 768 sh | 768 | $8.8K | <0.01% | — |
| 83 | WPG Advisers#83 · 627 sh | 627 | $7.2K | <0.01% | +17.2% |
| 84 | HARBOUR INVESTMENTS#84 · 500 sh | 500 | $5.7K | <0.01% | 0.0% |
| 85 | Community Financial Services Group#85 · 200 sh | 200 | $2.3K | — | 0.0% |
| 86 | FIFTH THIRD BANCORP#86 · 84 sh | 84 | $961.00 | 0.00% | +9.1% |
Funds that sold out of AFB in Q2 2026 (14)
Held AFB at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| Saba Capital Management, L.P.459,321 sh | 459,321 | $4.9M |
| Logan Stone Capital152,881 sh | 152,881 | $1.6M |
| WHITEBOX ADVISORS113,648 sh | 113,648 | $1.2M |
| Lido Advisors37,538 sh | 37,538 | $401.3K |
| 1607 Capital Partners35,947 sh | 35,947 | $384.3K |
| Ackerman Capital Advisors14,099 sh | 14,099 | $150.7K |
| NOMURA10,000 sh | 10,000 | $106.9K |
| Scarborough Advisors1,891 sh | 1,891 | $20.2K |
| Golden State Equity Partners1,568 sh | 1,568 | $16.8K |
| MOTCO725 sh | 725 | $7.8K |
| BlackRock595 sh | 595 | $6.4K |
| Destiny Wealth Partners532 sh | 532 | $5.7K |
| True Link Financial Advisors279 sh | 279 | $3.0K |
| HIGHLINE WEALTH PARTNERS275 sh | 275 | $2.9K |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.