Vault-13

ALLIANCEBERNSTEIN NATL MUN I AFB

COM · Closed-End Fund · CUSIP 01864U106

80 institutional holders +0 vs Q1 2023
13,554,76513.6m shares reported held*
$145.4mreported value*
10 new 27 added 27 reduced 10 sold out net bought ≈ $3.2m (+293.3k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($735.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.73.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 76Q4 22: 82Q1 23: 80Q2 23: 8080Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202276
Q4 202282
Q1 202380
Q2 202380

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q4 22: 35 bought or addedQ4 22: 39 cut or sold outQ4 22Q1 23: 43 bought or addedQ1 23: 32 cut or sold outQ1 23Q2 23: 37 bought or addedQ2 23: 37 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223539
Q1 20234332
Q2 20233737

Biggest buyers

Saba Capital Management, L.P. Added +271,410+271.4k
Hennion & Walsh Asset Management, Inc. Added +186,271+186.3k
WELLS FARGO & COMPANY/MN Added +151,283+151.3k
Bank of New York Mellon Corp New +76,892+76.9k
RIVERNORTH CAPITAL MANAGEMENT, LLC Added +50,864+50.9k
AQR Arbitrage LLC Added +31,582+31.6k
KEYBANK NATIONAL ASSOCIATION/OH Added +21,248+21.2k
LPL Financial LLC Added +13,417+13.4k
IEQ CAPITAL, LLC New +12,741+12.7k
Beacon Pointe Advisors, LLC New +12,662+12.7k

Biggest sellers

ROBINSON CAPITAL MANAGEMENT, LLC Sold out -112,407-112.4k
Lido Advisors, LLC Sold out -96,922-96.9k
GUGGENHEIM CAPITAL LLC Reduced -70,301-70.3k
UBS Group AG Reduced -41,016-41.0k
Aviance Capital Partners, LLC Sold out -28,756-28.8k
Karpus Management, Inc. Reduced -28,425-28.4k
INTEGRATED CAPITAL MANAGEMENT, INC. Sold out -26,498-26.5k
Logan Stone Capital, LLC Reduced -18,600-18.6k
ROYAL BANK OF CANADA Reduced -16,354-16.4k
OSAIC HOLDINGS, INC. Reduced -15,879-15.9k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Karpus Management, Inc. 13G · institution +1.0 pts · filed 2026-10-02 13.6% +1.0 pts 3.9m≈ $44.5m 2026-10-02

Fell to 5% or below in the last year: Allspring Global Investments Holdings, LLC (4.9%, 2026-07-31), Saba Capital Management, L.P. (4.9%, 2026-02-18)

Insider purchases and sales in Q2 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q3 21: 0 buyingQ3 21: 0 sellingQ4 21: 0 buyingQ4 21: 0 sellingQ4 21Q1 22: 0 buyingQ1 22: 0 sellingQ2 22: 0 buyingQ2 22: 1 sellingQ2 22Q3 22: 0 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22Q1 23: 0 buyingQ1 23: 0 sellingQ2 23: 0 buyingQ2 23: 0 sellingQ2 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20210—0——
Q4 20210—0——
Q1 20220—0——
Q2 20220—1$55.8k—
Q3 20220—0——
Q4 20220—0——
Q1 20230—0——
Q2 20230—0——

None reported in Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,167,9743.2m $34.0m $34.0m 0.00% Reduced -9.4k -9,422
2 Karpus Management, Inc. 0.34% of their portfolio Pittsford, NY 1,021,6661.0m $11.0m $11.0m 0.34% Reduced -28.4k -28,425
3 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.49% of their portfolio WEST PALM BEACH, FL 912,033912.0k $9.8m $9.8m 0.49% Added +50.9k +50,864
4 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 875,149875.1k $9.4m $9.4m 0.02% Unchanged
5 Hennion & Walsh Asset Management, Inc. 0.49% of their portfolio Parsippany, NJ 774,489774.5k $8.3m $8.3m 0.49% Added +186.3k +186,271
6 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 766,429766.4k $8.2m $8.2m 0.00% Added +151.3k +151,283
7 Private Wealth Strategies, L.L.C. 1.89% of their portfolio New Albany, OH 731,222731.2k $7.8m $7.8m 1.89% Reduced -8.4k -8,375
8 GUGGENHEIM CAPITAL LLC 0.05% of their portfolio CHICAGO, IL 582,773582.8k $6.3m $6.3m 0.05% Reduced -70.3k -70,301
9 KEYBANK NATIONAL ASSOCIATION/OH 0.03% of their portfolio BROOKLYN, OH 539,066539.1k $5.8m $5.8m 0.03% Added +21.2k +21,248
10 Saba Capital Management, L.P. 0.18% of their portfolio NEW YORK, NY 511,470511.5k $5.5m $5.5m 0.18% Added +271.4k +271,410
11 Logan Stone Capital, LLC 1.56% of their portfolio CHICAGO, IL 429,865429.9k $4.6m $4.6m 1.56% Reduced -18.6k -18,600
12 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 422,873422.9k $4.5m $4.5m 0.01% Reduced -8.6k -8,649
13 DEBUSSY CAPITAL MANAGEMENT LP 1.20% of their portfolio CHICAGO, IL 362,936362.9k $3.9m $3.9m 1.20% Reduced -3.9k -3,873
14 1607 Capital Partners, LLC 0.18% of their portfolio Richmond, VA 236,109236.1k $2.5m $2.5m 0.18% Unchanged
15 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 213,007213.0k $2.3m $2.3m 0.01% Added +1.8k +1,764
16 AQR Arbitrage LLC 0.08% of their portfolio Greenwich, CT 163,382163.4k $1.8m $1.8m 0.08% Added +31.6k +31,582
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 158,711158.7k $1.7m $1.7m 0.00% Reduced -41.0k -41,016
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 142,573142.6k $1.5m $1.5m 0.00% Added +13.4k +13,417
19 KENNEDY INVESTMENT GROUP, INC. 0.89% of their portfolio WEST DEPTFORD, NJ 140,976141.0k $1.5m $1.5m 0.89% Reduced -6.6k -6,599
20 Capital Investment Advisors, LLC 0.04% of their portfolio ATLANTA, GA 111,471111.5k $1.2m $1.2m 0.04% Reduced -6.2k -6,151
21 Edmonds Duncan Registered Investment Advisors, LLC 0.32% of their portfolio LAWRENCE, KS 98,50398.5k $1.1m $1.1m 0.32% Added +5.5k +5,452
22 Advisors Asset Management, Inc. 0.02% of their portfolio Monument, CO 95,25495.3k $1.0m $1.0m 0.02% Added +4.4k +4,434
23 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 76,89276.9k $825.1k $825.1k 0.00% New
24 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 70,91170.9k $760.9k $760.9k 0.01% Reduced -8.8k -8,785
25 Dakota Wealth Management 0.04% of their portfolio PALM BEACH GARDENS, FL 69,31469.3k $743.7k $743.7k 0.04% Reduced -9.0k -9,000
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 55,01255.0k $590.3k $590.3k 0.00% Added +1.8k +1,825
27 MELFA WEALTH MANAGEMENT, INC. 0.58% of their portfolio WESTBOROUGH, MA 53,28653.3k $571.8k $571.8k 0.58% Added +1.5k +1,510
28 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 51,65351.7k $552.0k $552.0k 0.00% Added +332 +332
29 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 48,11248.1k $516.2k $516.2k 0.00% Reduced -866 -866
30 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.05% of their portfolio CEDAR RAPIDS, IA 47,14047.1k $505.8k $505.8k 0.05% Added +1.0k +1,000
31 Arete Wealth Advisors, LLC 0.04% of their portfolio CHICAGO, IL 41,87041.9k $449.0k $449.0k 0.04% Reduced -533 -533
32 Moors & Cabot, Inc. 0.03% of their portfolio BOSTON, MA 40,00040.0k $429.2k $429.2k 0.03% Added +2.0k +2,000
33 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 36,31136.3k $389.6k $389.6k 0.00% Reduced -154 -154
34 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 34,71834.7k $372.5k $372.5k 0.00% Added +2.2k +2,153
35 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.03% of their portfolio London, X0 34,20234.2k $367.5k $367.5k 0.03% Unchanged
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 30,29430.3k $325.0k $325.0k 0.00% Reduced -16.4k -16,354
37 ProVise Management Group, LLC 0.03% of their portfolio CLEARWATER, FL 27,65827.7k $296.8k $296.8k 0.03% Reduced -1.9k -1,942
38 SkyView Investment Advisors, LLC 0.07% of their portfolio SHREWSBURY, NJ 26,48126.5k $284.0k $284.0k 0.07% Unchanged
39 PARK AVENUE SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 24,60824.6k $264.0k $264.0k 0.00% Added +2.6k +2,561
40 Greenwich Wealth Management LLC 0.03% of their portfolio GREENWICH, CT 23,78723.8k $255.0k $255.0k 0.03% Reduced -3.7k -3,663
41 Jupiter Wealth Management LLC 0.22% of their portfolio GLENDALE, CO 23,60023.6k $253.2k $253.2k 0.22% Added +7.2k +7,150
42 RAYMOND JAMES TRUST N.A. 0.01% of their portfolio ST. PETERSBURG, FL 23,34323.3k $250.0k $250.0k 0.01% Unchanged
43 AFS Financial Group, LLC 0.16% of their portfolio BETHESDA, MD 23,30023.3k $250.0k $250.0k 0.16% Unchanged
44 Mariner, LLC 0.00% of their portfolio Overland Park, KS 19,75919.8k $212.0k $212.0k 0.00% Added +90 +90
45 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 19,17119.2k $205.6k $205.6k 0.00% Reduced -15.9k -15,879
46 Ironsides Asset Advisors, LLC 0.09% of their portfolio ROCKY MOUNT, NC 19,11819.1k $204.3k $204.3k 0.09% Added +2.7k +2,680
47 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 18,80518.8k $201.8k $201.8k 0.00% Added +8 +8
48 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 15,87415.9k $170.3k $170.3k 0.00% Reduced -2.1k -2,064
49 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio Englewood, NJ 14,61614.6k $156.8k $156.8k 0.02% Reduced -39 -39
50 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 13,58913.6k $145.8k $145.8k 0.00% Reduced -9.4k -9,390
51 DRIVE WEALTH MANAGEMENT, LLC 0.05% of their portfolio LEHI, UT 12,94812.9k $138.9k $138.9k 0.05% Reduced -1.6k -1,602
52 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 12,78712.8k $137.2k $137.2k 0.00% Unchanged
53 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 12,75012.8k $136.8k $136.8k 0.00% Reduced -226 -226
54 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 12,74112.7k $136.7k $136.7k 0.00% New
55 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 12,66212.7k $135.9k $135.9k 0.00% New
56 SMH CAPITAL ADVISORS INC 0.28% of their portfolio FORT WORTH, TX 12,15112.2k $130.0k $130.0k 0.28% Added +51 +51
57 Ramiah Investment Group 0.13% of their portfolio BROOKFIELD, WI 11,98312.0k $128.6k $128.6k 0.13% Reduced -444 -444
58 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 11,52811.5k $123.7k $123.7k 0.00% Unchanged
59 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 11,50711.5k $123.0k $123.0k 0.00% Reduced -13.5k -13,521
60 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,50311.5k $123.4k $123.4k 0.00% New
61 TRUE Private Wealth Advisors 0.02% of their portfolio Salem, OR 10,95010.9k $117.5k $117.5k 0.02% Unchanged
62 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 10,20310.2k $109.5k $109.5k 0.00% New
63 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 9,5419.5k $102.4k $102.4k 0.00% Reduced -186 -186
64 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 4,8374.8k $51.9k $51.9k 0.00% Unchanged
65 First PREMIER Bank 0.01% of their portfolio SIOUX FALLS, SD 4,7004.7k $50.0k $50.0k 0.01% Unchanged
66 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 4,2214.2k $45.3k $45.3k 0.00% Added +610 +610
67 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 3,7983.8k $40.8k $40.8k 0.00% Added +35 +35
68 MCF Advisors LLC 0.00% of their portfolio LEXINGTON, KY 3,1463.1k $33.8k $33.8k 0.00% Added +29 +29
69 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 2,7502.8k $29.5k $29.5k 0.00% Unchanged
70 ORG Partners LLC 0.00% of their portfolio ROANOKE, IN 1,5681.6k $17.0k $17.0k 0.00% New
71 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 1,0001.0k $10.7k $10.7k 0.00% Unchanged
72 CWM, LLC 0.00% of their portfolio OMAHA, NE 568568 $6.0k $6.0k 0.00% Added +374 +374
73 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 400400 $4.7k $4.7k 0.00% New
74 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 396396 $4.0k $4.0k 0.00% Added +21 +21
75 Mascoma Wealth Management LLC 0.00% of their portfolio HANOVER, NH 345345 $3.6k $3.6k 0.00% Unchanged
76 MONTAG A & ASSOCIATES INC 0.00% of their portfolio ATLANTA, GA 322322 $3.5k $3.5k 0.00% Unchanged
77 Pacifica Partners Inc. 0.00% of their portfolio SURREY, Z4 254254 $2.7k $2.7k 0.00% Unchanged
78 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 167167 $1.8k $1.8k 0.00% New
79 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 145145 $1.6k $1.6k 0.00% New
80 Trifecta Capital Advisors, LLC 0.00% of their portfolio NORTHBROOK, IL 3939 $419 $419 0.00% New