AFB Alliance National Municipal Income Fund, Inc.
Alliance National Municipal Income Fund, Inc. (AFB) Institutional Ownership
What the institutions did with AFB last quarter, from their 13F filings. Counting managers rather than shares is the point: a single index fund adding to a position tells you far less than four hundred separate managers all deciding to. Positions as reported for the quarter ended June 30, 2026.
Every manager below opens. Subscribers can see any firm's whole portfolio — every position, its weight, and what they bought, trimmed and exited last quarter.
Sign in or subscribeOwnership map
Each block is one manager, sized by shares held and colored by how much they moved the position last quarter. Green added, red cut, grey stood pat.
Largest holders
| Manager | Shares | % of reported |
|---|---|---|
| Karpus Management, Inc. | 3.6M | 19.7% |
| Pathstone Holdings, LLC | 2.9M | 15.7% |
| Allspring Global Investments Holdings, LLC | 1.4M | 7.7% |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 1.0M | 5.7% |
| KEYBANK NATIONAL ASSOCIATION/OH | 962.4K | 5.3% |
| MORGAN STANLEY | 951.6K | 5.2% |
| Advisors Asset Management, Inc. | 764.0K | 4.2% |
| GUGGENHEIM CAPITAL LLC | 683.2K | 3.7% |
| Hennion & Walsh Asset Management, Inc. | 599.7K | 3.3% |
| SIT INVESTMENT ASSOCIATES INC | 533.0K | 2.9% |
| WELLS FARGO & COMPANY/MN | 496.3K | 2.7% |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 373.6K | 2.0% |
| RAYMOND JAMES FINANCIAL INC | 301.5K | 1.6% |
| VAN ECK ASSOCIATES CORP | 269.1K | 1.5% |
| ROBINSON CAPITAL MANAGEMENT, LLC | 265.5K | 1.4% |
| COMMONWEALTH EQUITY SERVICES, LLC | 193.1K | 1.1% |
| Altium Capital Management LLC | 175.2K | 1.0% |
| Rareview Capital LLC | 170.0K | 0.9% |
| Fiera Capital Corp | 142.3K | 0.8% |
| Indiana Trust & Investment Management Co | 137.0K | 0.7% |
| Bank of New York Mellon Corp | 134.6K | 0.7% |
| Dakota Wealth Management | 134.3K | 0.7% |
| LORD, ABBETT & CO. LLC | 129.0K | 0.7% |
| Almitas Capital LLC | 121.0K | 0.7% |
| LPL Financial LLC | 101.9K | 0.6% |
Largest changes
| Manager | Action | Previous | Current | Change |
|---|---|---|---|---|
| Karpus Management, Inc. | Increased | 2.6M | 3.6M | +1.1M |
| Saba Capital Management, L.P. | Sold Out | 459.3K | 0 | -459.3K |
| RAYMOND JAMES FINANCIAL INC | Increased | 23.6K | 301.5K | +278.0K |
| Rareview Capital LLC | Reduced | 420.2K | 170.0K | -250.2K |
| Pathstone Holdings, LLC | Reduced | 3.1M | 2.9M | -205.3K |
| Logan Stone Capital, LLC | Sold Out | 152.9K | 0 | -152.9K |
| SIT INVESTMENT ASSOCIATES INC | Reduced | 676.7K | 533.0K | -143.7K |
| WHITEBOX ADVISORS LLC | Sold Out | 113.6K | 0 | -113.6K |
| Almitas Capital LLC | Reduced | 214.3K | 121.0K | -93.3K |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | 453.6K | 373.6K | -80.0K |
| Advisors Asset Management, Inc. | Increased | 688.1K | 764.0K | +75.9K |
| MORGAN STANLEY | Increased | 879.5K | 951.6K | +72.1K |
| RIVERBRIDGE PARTNERS LLC | Reduced | 155.0K | 87.8K | -67.2K |
| ROYAL BANK OF CANADA | Reduced | 78.5K | 21.3K | -57.1K |
| Allspring Global Investments Holdings, LLC | Reduced | 1.5M | 1.4M | -53.6K |
| Altium Capital Management LLC | Reduced | 222.3K | 175.2K | -47.1K |
| Invesco Ltd. | Increased | 35.3K | 80.6K | +45.3K |
| Lido Advisors, LLC | Sold Out | 37.5K | 0 | -37.5K |
| 1607 Capital Partners, LLC | Sold Out | 35.9K | 0 | -35.9K |
| OSAIC HOLDINGS, INC. | Increased | 20.5K | 54.0K | +33.5K |
| Thomas J. Herzfeld Advisors, Inc. | New | 0 | 33.0K | +33.0K |
| PNC FINANCIAL SERVICES GROUP, INC. | New | 0 | 30.6K | +30.6K |
| Dakota Wealth Management | Increased | 104.1K | 134.3K | +30.1K |
| CITADEL ADVISORS LLC | New | 0 | 28.1K | +28.1K |
| AMERIPRISE FINANCIAL INC | Reduced | 57.5K | 31.9K | -25.6K |
| GUGGENHEIM CAPITAL LLC | Reduced | 706.3K | 683.2K | -23.1K |
| Traub Capital Management LLC | Reduced | 50.3K | 28.5K | -21.8K |
| BANK OF AMERICA CORP /DE/ | Reduced | 66.5K | 45.7K | -20.8K |
| Arax Advisory Partners | New | 0 | 20.4K | +20.4K |
| Virtu Financial LLC | New | 0 | 16.1K | +16.1K |
| HRT FINANCIAL LP | New | 0 | 15.6K | +15.6K |
| Ackerman Capital Advisors, LLC | Sold Out | 14.1K | 0 | -14.1K |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Reduced | 1.1M | 1.0M | -13.8K |
| Bank of New York Mellon Corp | Reduced | 147.1K | 134.6K | -12.5K |
| WELLS FARGO & COMPANY/MN | Reduced | 508.1K | 496.3K | -11.8K |
| Strategic Financial Concepts, LLC | New | 0 | 11.4K | +11.4K |
| Ground Swell Capital, LLC | New | 0 | 10.5K | +10.5K |
| NOMURA HOLDINGS INC | Sold Out | 10.0K | 0 | -10.0K |
| KENNEDY INVESTMENT GROUP, INC. | Reduced | 47.3K | 39.2K | -8.1K |
| Hennion & Walsh Asset Management, Inc. | Reduced | 606.1K | 599.7K | -6.5K |
| ENVESTNET ASSET MANAGEMENT INC | Increased | 56.8K | 62.9K | +6.2K |
| Integrated Wealth Concepts LLC | Reduced | 73.2K | 67.2K | -6.0K |
| &PARTNERS | Reduced | 92.7K | 86.9K | -5.8K |
| Fiera Capital Corp | Reduced | 148.0K | 142.3K | -5.7K |
| CITIGROUP INC | New | 0 | 5.5K | +5.5K |
| HighTower Advisors, LLC | Reduced | 41.8K | 36.3K | -5.5K |
| US BANCORP \DE\ | Reduced | 17.2K | 12.8K | -4.4K |
| Noble Wealth Management PBC | Increased | 64.5K | 68.3K | +3.8K |
| KEYBANK NATIONAL ASSOCIATION/OH | Increased | 959.6K | 962.4K | +2.8K |
| Summit Trail Advisors, LLC | Reduced | 64.3K | 61.7K | -2.6K |
| VAN ECK ASSOCIATES CORP | Reduced | 271.6K | 269.1K | -2.6K |
| LPL Financial LLC | Increased | 99.3K | 101.9K | +2.5K |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | Reduced | 33.7K | 31.5K | -2.2K |
| Clear Street Group Inc. | New | 0 | 2.0K | +2.0K |
| Closed-End Fund Advisors, Inc. | Reduced | 62.7K | 60.7K | -2.0K |
| Scarborough Advisors, LLC | Sold Out | 1.9K | 0 | -1.9K |
| Ascentis Independent Advisors | Sold Out | 1.6K | 0 | -1.6K |
| ProVise Management Group, LLC | Increased | 28.9K | 30.4K | +1.5K |
| Steward Partners Investment Advisory, LLC | Reduced | 3.3K | 1.8K | -1.5K |
| EVOLVE PRIVATE WEALTH, LLC | Reduced | 27.3K | 26.0K | -1.3K |
13F filings are due 45 days after quarter end and cover long positions in U.S.-listed equities only, so this is a lagged and partial picture: shorts, bonds and foreign listings never appear. Options positions are excluded here rather than folded into the share counts. Political ownership is coming.