ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND - Common Shares, $0.001 par value (AFB) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Shares, $0.001 par value
Symbol
AFB on NYSE
Shares outstanding
28,759,237
Price per share
$10.82
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
17,978,531
Total reported value
$195,018,428
% of total 13F portfolios
0%
Share change
+695,523
Value change
+$7,588,164
Number of holders
76
Price from insider filings
$10.82
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND - Common Shares, $0.001 par value (AFB) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Saba Capital Management, L.P. 9.3% $28,939,269 2,674,609 Saba Capital Management, L.P. 07 Jan 2026

As of 30 Sep 2025, 76 institutional investors reported holding 17,978,531 shares of ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND - Common Shares, $0.001 par value (AFB). This represents 63% of the company’s total 28,759,237 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND - Common Shares, $0.001 par value (AFB) together control 57% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Saba Capital Management, L.P. 11% 3,081,299 -2.2% 1.1% $33,432,094
Pathstone Holdings, LLC 7.5% 2,143,102 +7.2% 0.09% $23,252,655
Karpus Management, Inc. 4.5% 1,281,834 +12% 0.44% $13,907,903
Allspring Global Investments Holdings, LLC 4.3% 1,225,785 +24% 0.02% $13,299,767
RIVERNORTH CAPITAL MANAGEMENT, LLC 3.5% 1,014,157 -6.4% 0.63% $11,003,604
Bulldog Investors, LLP 3.2% 931,099 -20% 2.3% $10,102,424
KEYBANK NATIONAL ASSOCIATION/OH 3.1% 881,698 +0.01% 0.03% $9,566,437
MORGAN STANLEY 2.5% 711,272 +4.5% 0% $7,717,316
SIT INVESTMENT ASSOCIATES INC 2.1% 613,975 0% 0.14% $6,662,000
Advisors Asset Management, Inc. 2% 579,350 -0.2% 0.11% $6,285,948
Hennion & Walsh Asset Management, Inc. 2% 563,217 +52% 0.22% $6,110,904
WELLS FARGO & COMPANY/MN 1.7% 492,846 -2.5% 0% $5,347,380
GUGGENHEIM CAPITAL LLC 1.6% 472,085 +59% 0.04% $5,122,123
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.6% 453,640 0% 0.36% $4,921,994
Lido Advisors, LLC 1.1% 312,075 -16% 0.01% $3,386,018
AMERIPRISE FINANCIAL INC 1% 286,422 +375% 0% $3,107,677
Almitas Capital LLC 0.75% 214,282 -0.09% 0.53% $2,324,960
ROYAL BANK OF CANADA 0.74% 214,148 -12% 0% $2,324,000
VAN ECK ASSOCIATES CORP 0.73% 210,562 +5% 0% $2,285,000
COMMONWEALTH EQUITY SERVICES, LLC 0.73% 210,281 -2.3% 0% $2,282,000
Indiana Trust & Investment Management Co 0.53% 152,252 0% 0.5% $1,651,934
Bank of New York Mellon Corp 0.46% 133,315 +3.4% 0% $1,446,464
Logan Stone Capital, LLC 0.41% 117,673 -27% 0.58% $1,276,752
LORD, ABBETT & CO. LLC 0.4% 115,072 0% $1,249,000
WHITEBOX ADVISORS LLC 0.4% 113,648 0% 0.02% $1,233,081

Institutional Holders of ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND - Common Shares, $0.001 par value (AFB) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 2,609,676 $28,238,098 +$2,497,494 $10.82 13
2025 Q3 17,978,531 $195,018,428 +$7,588,164 $10.85 76
2025 Q2 17,269,588 $178,047,580 -$5,680,405 $10.31 81
2025 Q1 17,783,529 $193,571,626 +$4,023,233 $10.86 79
2024 Q4 17,407,134 $189,304,719 +$15,886,390 $10.87 79
2024 Q3 15,985,181 $188,506,122 +$4,472,331 $11.80 80
2024 Q2 16,421,968 $182,442,679 +$10,758,946 $11.11 90
2024 Q1 15,454,301 $169,802,946 +$7,663,893 $10.99 83
2023 Q4 14,758,156 $159,963,475 -$15,224,934 $10.84 78
2023 Q3 14,547,148 $135,882,345 +$8,576,466 $9.34 74
2023 Q2 13,611,082 $146,041,179 +$3,406,850 $10.73 79
2023 Q1 13,291,028 $145,494,054 +$7,741,505 $10.95 78
2022 Q4 12,598,788 $132,137,027 +$12,214,963 $10.48 81
2022 Q3 11,258,869 $116,673,000 +$4,758,804 $10.36 72
2022 Q2 10,924,126 $126,390,000 +$41,588,580 $11.57 73
2022 Q1 10,067,838 $126,552,234 +$6,549,415 $12.59 73
2021 Q4 9,480,674 $140,327,161 -$7,728,723 $14.81 66
2021 Q3 9,338,429 $139,531,019 -$8,978,942 $14.94 62
2021 Q2 9,930,399 $151,145,325 -$4,390,705 $15.22 65
2021 Q1 10,220,153 $145,500,789 +$3,849,881 $14.24 67
2020 Q4 9,923,959 $143,068,774 -$699,351 $14.42 72
2020 Q3 9,950,294 $138,642,000 -$11,790,132 $13.94 64
2020 Q2 10,897,465 $145,791,000 +$6,772,558 $13.35 64
2020 Q1 10,193,417 $129,979,000 +$926,206 $12.75 60
2019 Q4 10,096,112 $141,171,000 -$4,609,371 $13.98 65
2019 Q3 9,783,788 $134,824,513 +$3,833,820 $13.78 59
2019 Q2 9,509,377 $127,917,000 +$6,089,006 $13.45 64
2019 Q1 9,066,940 $117,417,000 +$7,562,134 $12.95 63
2018 Q4 8,493,884 $103,000,000 +$5,372,570 $12.13 65
2018 Q3 8,224,574 $101,900,000 +$7,154,334 $12.39 61
2018 Q2 7,379,065 $93,109,000 +$11,724,194 $12.62 64
2018 Q1 6,456,537 $80,818,000 +$17,498,378 $12.51 64
2017 Q4 5,038,064 $67,509,224 +$7,654,323 $13.40 65
2017 Q3 4,410,096 $61,522,000 +$18,238 $13.96 56
2017 Q2 4,412,371 $60,415,000 +$758,272 $13.69 57
2017 Q1 4,358,218 $58,327,000 +$5,369,696 $13.38 56
2016 Q4 3,908,382 $51,667,000 +$5,270,439 $13.22 56
2016 Q3 3,451,467 $50,737,000 +$6,447,185 $14.73 53
2016 Q2 3,180,888 $47,982,000 -$10,047,865 $15.09 54
2016 Q1 3,850,722 $55,646,000 +$1,320,057 $14.45 48
2015 Q4 3,755,297 $51,881,000 +$11,516,322 $13.81 54
2015 Q3 2,975,932 $39,558,896 +$5,773,015 $13.29 50
2015 Q2 2,530,374 $33,423,577 +$6,526,368 $13.21 41
2015 Q1 2,052,825 $28,094,009 +$2,586,222 $13.69 40
2014 Q4 1,843,445 $25,381,609 -$583,056 $13.77 41
2014 Q3 1,864,776 $25,276,851 -$1,393,688 $13.56 34
2014 Q2 1,966,995 $27,378,209 -$1,180,391 $13.92 33
2014 Q1 2,058,519 $27,315,293 -$5,568,020 $13.27 35