ALLIANCEBERNSTEIN NATL MUN I AFB
COM · Closed-End Fund · CUSIP 01864U106
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 76 |
| Q4 2022 | 82 |
| Q1 2023 | 80 |
| Q2 2023 | 80 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 35 | 39 |
| Q1 2023 | 43 | 32 |
| Q2 2023 | 37 | 37 |
Biggest buyers
| Saba Capital Management, L.P. | Added | +271.4k |
| Hennion & Walsh Asset Management, Inc. | Added | +186.3k |
| WELLS FARGO & COMPANY/MN | Added | +151.3k |
| Bank of New York Mellon Corp | New | +76.9k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +50.9k |
| AQR Arbitrage LLC | Added | +31.6k |
| KEYBANK NATIONAL ASSOCIATION/OH | Added | +21.2k |
| LPL Financial LLC | Added | +13.4k |
| IEQ CAPITAL, LLC | New | +12.7k |
| Beacon Pointe Advisors, LLC | New | +12.7k |
Biggest sellers
| ROBINSON CAPITAL MANAGEMENT, LLC | Sold out | -112.4k |
| Lido Advisors, LLC | Sold out | -96.9k |
| GUGGENHEIM CAPITAL LLC | Reduced | -70.3k |
| UBS Group AG | Reduced | -41.0k |
| Aviance Capital Partners, LLC | Sold out | -28.8k |
| Karpus Management, Inc. | Reduced | -28.4k |
| INTEGRATED CAPITAL MANAGEMENT, INC. | Sold out | -26.5k |
| Logan Stone Capital, LLC | Reduced | -18.6k |
| ROYAL BANK OF CANADA | Reduced | -16.4k |
| OSAIC HOLDINGS, INC. | Reduced | -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.
| Holder | Stake |
|---|---|
| Karpus Management, Inc. 13G · institution +1.0 pts · filed 2026-10-02 | 13.6% |
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $55.8k | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 3.2m $34.0m | Reduced -9.4k |
| Karpus Management, Inc. 0.34% of their portfolio | 1.0m $11.0m | Reduced -28.4k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.49% of their portfolio | 912.0k $9.8m | Added +50.9k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 875.1k $9.4m | Unchanged |
| Hennion & Walsh Asset Management, Inc. 0.49% of their portfolio | 774.5k $8.3m | Added +186.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 766.4k $8.2m | Added +151.3k |
| Private Wealth Strategies, L.L.C. 1.89% of their portfolio | 731.2k $7.8m | Reduced -8.4k |
| GUGGENHEIM CAPITAL LLC 0.05% of their portfolio | 582.8k $6.3m | Reduced -70.3k |
| KEYBANK NATIONAL ASSOCIATION/OH 0.03% of their portfolio | 539.1k $5.8m | Added +21.2k |
| Saba Capital Management, L.P. 0.18% of their portfolio | 511.5k $5.5m | Added +271.4k |
| Logan Stone Capital, LLC 1.56% of their portfolio | 429.9k $4.6m | Reduced -18.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 422.9k $4.5m | Reduced -8.6k |
| DEBUSSY CAPITAL MANAGEMENT LP 1.20% of their portfolio | 362.9k $3.9m | Reduced -3.9k |
| 1607 Capital Partners, LLC 0.18% of their portfolio | 236.1k $2.5m | Unchanged |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 213.0k $2.3m | Added +1.8k |
| AQR Arbitrage LLC 0.08% of their portfolio | 163.4k $1.8m | Added +31.6k |
| UBS Group AG 0.00% of their portfolio | 158.7k $1.7m | Reduced -41.0k |
| LPL Financial LLC 0.00% of their portfolio | 142.6k $1.5m | Added +13.4k |
| KENNEDY INVESTMENT GROUP, INC. 0.89% of their portfolio | 141.0k $1.5m | Reduced -6.6k |
| Capital Investment Advisors, LLC 0.04% of their portfolio | 111.5k $1.2m | Reduced -6.2k |
| Edmonds Duncan Registered Investment Advisors, LLC 0.32% of their portfolio | 98.5k $1.1m | Added +5.5k |
| Advisors Asset Management, Inc. 0.02% of their portfolio | 95.3k $1.0m | Added +4.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 76.9k $825.1k | New |
| Integrated Wealth Concepts LLC 0.01% of their portfolio | 70.9k $760.9k | Reduced -8.8k |
| Dakota Wealth Management 0.04% of their portfolio | 69.3k $743.7k | Reduced -9.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 55.0k $590.3k | Added +1.8k |
| MELFA WEALTH MANAGEMENT, INC. 0.58% of their portfolio | 53.3k $571.8k | Added +1.5k |
| HighTower Advisors, LLC 0.00% of their portfolio | 51.7k $552.0k | Added +332 |
| Invesco Ltd. 0.00% of their portfolio | 48.1k $516.2k | Reduced -866 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.05% of their portfolio | 47.1k $505.8k | Added +1.0k |
| Arete Wealth Advisors, LLC 0.04% of their portfolio | 41.9k $449.0k | Reduced -533 |
| Moors & Cabot, Inc. 0.03% of their portfolio | 40.0k $429.2k | Added +2.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 36.3k $389.6k | Reduced -154 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 34.7k $372.5k | Added +2.2k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.03% of their portfolio | 34.2k $367.5k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 30.3k $325.0k | Reduced -16.4k |
| ProVise Management Group, LLC 0.03% of their portfolio | 27.7k $296.8k | Reduced -1.9k |
| SkyView Investment Advisors, LLC 0.07% of their portfolio | 26.5k $284.0k | Unchanged |
| PARK AVENUE SECURITIES LLC 0.00% of their portfolio | 24.6k $264.0k | Added +2.6k |
| Greenwich Wealth Management LLC 0.03% of their portfolio | 23.8k $255.0k | Reduced -3.7k |
| Jupiter Wealth Management LLC 0.22% of their portfolio | 23.6k $253.2k | Added +7.2k |
| RAYMOND JAMES TRUST N.A. 0.01% of their portfolio | 23.3k $250.0k | Unchanged |
| AFS Financial Group, LLC 0.16% of their portfolio | 23.3k $250.0k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 19.8k $212.0k | Added +90 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 19.2k $205.6k | Reduced -15.9k |
| Ironsides Asset Advisors, LLC 0.09% of their portfolio | 19.1k $204.3k | Added +2.7k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 18.8k $201.8k | Added +8 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 15.9k $170.3k | Reduced -2.1k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio | 14.6k $156.8k | Reduced -39 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 13.6k $145.8k | Reduced -9.4k |
| DRIVE WEALTH MANAGEMENT, LLC 0.05% of their portfolio | 12.9k $138.9k | Reduced -1.6k |
| US BANCORP \DE\ 0.00% of their portfolio | 12.8k $137.2k | Unchanged |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 12.8k $136.8k | Reduced -226 |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 12.7k $136.7k | New |
| Beacon Pointe Advisors, LLC 0.00% of their portfolio | 12.7k $135.9k | New |
| SMH CAPITAL ADVISORS INC 0.28% of their portfolio | 12.2k $130.0k | Added +51 |
| Ramiah Investment Group 0.13% of their portfolio | 12.0k $128.6k | Reduced -444 |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio | 11.5k $123.7k | Unchanged |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 11.5k $123.0k | Reduced -13.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 11.5k $123.4k | New |
| TRUE Private Wealth Advisors 0.02% of their portfolio | 10.9k $117.5k | Unchanged |
| Merit Financial Group, LLC 0.00% of their portfolio | 10.2k $109.5k | New |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 9.5k $102.4k | Reduced -186 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 4.8k $51.9k | Unchanged |
| First PREMIER Bank 0.01% of their portfolio | 4.7k $50.0k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 4.2k $45.3k | Added +610 |
| Avior Wealth Management, LLC 0.00% of their portfolio | 3.8k $40.8k | Added +35 |
| MCF Advisors LLC 0.00% of their portfolio | 3.1k $33.8k | Added +29 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 2.8k $29.5k | Unchanged |
| ORG Partners LLC 0.00% of their portfolio | 1.6k $17.0k | New |
| Sunbelt Securities, Inc. 0.00% of their portfolio | 1.0k $10.7k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 568 $6.0k | Added +374 |
| IFP Advisors, Inc 0.00% of their portfolio | 400 $4.7k | New |
| BESSEMER GROUP INC 0.00% of their portfolio | 396 $4.0k | Added +21 |
| Mascoma Wealth Management LLC 0.00% of their portfolio | 345 $3.6k | Unchanged |
| MONTAG A & ASSOCIATES INC 0.00% of their portfolio | 322 $3.5k | Unchanged |
| Pacifica Partners Inc. 0.00% of their portfolio | 254 $2.7k | Unchanged |
| GPS Wealth Strategies Group, LLC 0.00% of their portfolio | 167 $1.8k | New |
| PRIVATE TRUST CO NA 0.00% of their portfolio | 145 $1.6k | New |
| Trifecta Capital Advisors, LLC 0.00% of their portfolio | 39 $419 | New |