AllianceBernstein National Municipal Income Fund

AFB

Market cap $321M

91 hedge funds and large institutions have $199M invested in AllianceBernstein National Municipal Income Fund in 2026 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 37 increasing their positions, 16 reducing their positions, and 13 closing their positions.

New

Increased

Maintained

Reduced

Closed

131% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 16

23% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 13

0.9% less ownership

Funds ownership: 65.55% → 64.65% (-0.9%)

3% less capital invested

Capital invested by funds: $204M → $199M (-$5.27M)

1% less funds holding

Funds holding: 92 → 91 (-1)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders

Holders Change

-1

Holders Change %

-1.09%

% of All Funds

1.12%

Holding in Top 10

–

Holding in Top 10 Change

-1

Holding in Top 10 Change %

-100%

% of All Funds

–

New

Increased

Reduced

Closed

Calls

–

Puts

–

Net Calls

–

Net Calls Change

–

Top Buyers

1	KIM Karpus Investment Management Pittsford, New York	+$11M
2	RC Rareview Capital Las Vegas, Nevada	+$4.58M
3	Pathstone Holdings Englewood, New Jersey	+$3.77M
4	SIA Sit Investment Associates Minneapolis, Minnesota	+$2.13M
5	RCM Robinson Capital Management Grosse Pointe Farms, Michigan	+$1.97M

Top Sellers

1	SCM Saba Capital Management New York	-$25.1M
2	Lido Advisors Los Angeles, California	-$2.99M
3	Royal Bank of Canada Toronto, Ontario, Canada	-$1.49M
4	UBS Group Zurich, Switzerland	-$1.41M
5	Fiera Capital (Canada) Montreal, Quebec, Canada	-$1.31M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
26	WA 26 Whitebox Advisors Minneapolis, Minnesota	$1.21M	–	–	–
27	DWM 27 Dakota Wealth Management Palm Beach Gardens, Florida	$1.11M	+$413K	+37,900	+57%
28	28 LPL Financial San Diego, California	$1.06M	+$283	+26	+0%
29	P 29 &Partners Nashville, Tennessee	$991K	+$104K	+9,544	+11%
30	30 Royal Bank of Canada Toronto, Ontario, Canada	$839K	-$1.49M	-136,767	-64%
31	31 Cohen & Steers New York	$834K	–	–	–
32	IWC 32 Integrated Wealth Concepts Waltham, Massachusetts	$782K	-$555	-51	-0.1%
33	CIA 33 Capital Investment Advisors Atlanta, Georgia	$736K	-$27.9K	-2,566	-4%
34	34 Bank of America Charlotte, North Carolina	$711K	+$110K	+10,126	+18%
35	NWMP 35 Noble Wealth Management PBC Greenwood Village, Colorado	$690K	+$102K	+9,363	+17%
36	STA 36 Summit Trail Advisors New York	$688K	+$701K	+64,337	New
37	CEFA 37 Closed-End Fund Advisors Richmond, Virginia	$670K	+$325K	+29,872	+91%
38	38 Ameriprise Minneapolis, Minnesota	$615K	+$165K	+15,136	+36%
39	39 Envestnet Asset Management Chicago, Illinois	$607K	+$156K	+14,302	+34%
40	PFA 40 Petra Financial Advisors Colorado Srpings, Colorado	$570K	+$581K	+53,350	New
41	TCM 41 Traub Capital Management Needham, Massachusetts	$538K	+$38.2K	+3,504	+7%
42	MWM 42 Melfa Wealth Management Westborough, Massachusetts	$509K	–	–	–
43	KIG 43 Kennedy Investment Group West Depford, New Jersey	$505K	-$52.4K	-4,813	-9%
44	44 Creative Planning Overland Park, Kansas	$484K	-$85.3K	-7,831	-15%
45	45 HighTower Advisors Chicago, Illinois	$447K	-$101K	-9,262	-18%
46	46 Lido Advisors Los Angeles, California	$401K	-$2.99M	-274,537	-88%
47	1CP 47 1607 Capital Partners Richmond, Virginia	$384K	–	–	–
48	48 Invesco Atlanta, Georgia	$378K	+$385K	+35,348	New
49	AWA 49 Arete Wealth Advisors Chicago, Illinois	$363K	+$166K	+15,235	+81%
50	BBPWM 50 Blue Bell Private Wealth Management Blue Bell, Pennsylvania	$360K	–	–	–