AFB

AllianceBernstein National Municipal Income Fund

79 hedge funds and large institutions have $178M invested in AllianceBernstein National Municipal Income Fund in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 31 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding

Funds holding:

more funds holding in top 10

Funds holding in top 10:

less ownership

Funds ownership:

8% less capital invested

Capital invested by funds: $194M → $178M (-$15.8M)

42% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 31

Holders
79
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Saba Capital Management
New York
$32.5M
Pathstone Holdings
2
Pathstone Holdings
New Jersey
$20.6M
BI
3
Bulldog Investors
New Jersey
$12M
KIM
4
Karpus Investment Management
New York
$11.8M
RCM
5
Rivernorth Capital Management
Florida
$11.2M
Allspring Global Investments
6
Allspring Global Investments
North Carolina
$10.2M
KeyBank National Association
7
KeyBank National Association
Ohio
$9.09M
Morgan Stanley
8
Morgan Stanley
New York
$7.02M
SIA
9
Sit Investment Associates
Minnesota
$6.33M
AAM
10
Advisors Asset Management
Colorado
$5.99M
Wells Fargo
11
Wells Fargo
California
$5.21M
COLIM
12
City of London Investment Management
United Kingdom
$4.68M
Lido Advisors
13
Lido Advisors
California
$3.82M
HWAM
14
Hennion & Walsh Asset Management
New Jersey
$3.81M
GC
15
Guggenheim Capital
Illinois
$3.06M
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$2.5M
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$2.22M
AC
18
Almitas Capital
California
$2.21M
VanEck Associates
19
VanEck Associates
New York
$2.07M
LSC
20
Logan Stone Capital
Illinois
$1.67M
ITIM
21
Indiana Trust & Investment Management
Indiana
$1.57M
Bank of New York Mellon
22
Bank of New York Mellon
New York
$1.33M
WA
23
Whitebox Advisors
Minnesota
$1.17M
LPL Financial
24
LPL Financial
California
$1.17M
KIG
25
Kennedy Investment Group
New Jersey
$843K