AllianceBernstein National Municipal Income Fund, Inc.
US ˙ NYSE ˙ US01864U1060

SecurityAFB / AllianceBernstein National Municipal Income Fund, Inc.
InstitutionDakota Wealth Management
Latest Disclosed Ownership104,127 shares
Latest Disclosed Value $ 1,113,118
Dakota Wealth Management reports 57.23% increase in ownership of AFB / AllianceBernstein National Municipal Income Fund, Inc.

On May 7, 2026 - Dakota Wealth Management filed a 13F-HR form disclosing ownership of 104,127 shares of AllianceBernstein National Municipal Income Fund, Inc. (US:AFB) valued at $1,113,118 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 13, 2026 disclosing 66,227 shares of AllianceBernstein National Municipal Income Fund, Inc.. This represents a change in shares of 57.23% during the quarter. The current value of the position is $1,156,851 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-07 2026-03-31 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 104,127 37,900 57.23 1,113 55.45 0.0241
2026-01-13 2025-12-31 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 66,227 -600 -0.90 717 -1.24 0.0127
2025-11-10 2025-09-30 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 66,827 0 0.00 725 5.38 0.0146
2025-07-16 2025-06-30 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 66,827 -2,000 -2.91 689 -7.90 0.0145
2025-05-02 2025-03-31 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 68,827 25,761 59.82 747 59.62 0.0175
2025-01-17 2024-12-31 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 43,066 1,800 4.36 468 -3.70 0.0108
2024-10-23 2024-09-30 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 41,266 -1,600 -3.73 487 2.10 0.0110
2024-07-22 2024-06-30 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 42,866 0 0.00 476 1.06 0.0112
2024-04-24 2024-03-31 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 42,866 -1,700 -3.81 471 -2.48 0.0117
2024-01-30 2023-12-31 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 44,566 -4,848 -9.81 483 4.77 0.0188
2023-10-24 2023-09-30 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 49,414 -19,900 -28.71 462 -37.95 0.0204
2023-07-31 2023-06-30 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 69,314 -9,000 -11.49 744 -13.30 0.0350
2023-04-14 2023-03-31 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 78,314 12,500 18.99 858 24.38 0.0573
2023-02-08 2022-12-31 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 65,814 65,814 690 0.0489
2021-05-10 2021-03-31 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 0 -14,500 -100.00 0 -100.00
2021-02-12 2020-12-31 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 14,500 0 0.00 209 3.47 0.0272
2020-11-04 2020-09-30 13F ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 14,500 0 0.00 202 4.12 0.0318
2020-08-07 2020-06-30 13F ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 14,500 -7,900 -35.27 194 -32.17 0.0332
2020-04-29 2020-03-31 13F ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 22,400 0 0.00 286 -8.63 0.0624
2020-02-06 2019-12-31 13F ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 22,400 -350 -1.54 313 0.00 0.0502
2019-11-14 2019-09-30 13F ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 22,750 0 0.00 313 1.95 0.0539
2019-08-07 2019-06-30 13F ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 22,750 350 1.56 307 6.60 0.0587
2019-04-29 2019-03-31 13F/A-1 ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 22,400 0 0.00 288 6.27 0.0573
2019-04-18 2019-03-31 13F ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 22,400 288
2019-01-22 2018-12-31 13F ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 22,400 0 0.00 271 -2.52 0.0614
2018-11-07 2018-09-30 13F ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 22,400 22,400 278 0.0625
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.