AFB Alliance National Municipal Income Fund, Inc

Ownership history in Almitas Capital LLC  ·  9 quarters on record

AI Ownership Summary

Almitas Capital LLC reported Alliance National Municipal Income Fund, Inc (AFB) in 9 quarterly 13F filings from 2023 Q3 through 2025 Q4. Peak portfolio weight reached 0.69% in 2024 Q2. The latest visible filing shows AFB at 0.51% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this AFB ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Almitas Capital LLC's position in Alliance National Municipal Income Fund, Inc, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

AFB was reported at 0.51% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.69% in 2024 Q2

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q3 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

How Almitas Capital LLC held AFB — position size vs. price
% of Fund (quarterly)    AFB price (quarter-end, indexed to 100)
📋 Quarterly Holdings History 9 quarters  
Quarter Action Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 UNCHANGED 214,282 0% 0.51% $2.3M 2026-02-14 (Est.) $11.01
2025 Q3 REDUCED 214,282 -202 -0.1% 0.54% $2.3M 2025-11-14 $10.74
2025 Q2 ADDED 214,484 +27,014 +14.4% 0.56% $2.2M 2025-08-14 $9.90
2025 Q1 UNCHANGED 187,470 0% 0.68% $2.0M 2025-05-15 $9.91
2024 Q4 ADDED 187,470 +37,574 +25.1% 0.45% $2.0M 2025-02-14 $10.53
2024 Q3 UNCHANGED 149,896 0% 0.63% $1.8M 2024-11-14 $10.65
2024 Q2 ADDED 149,896 +108,842 +265.1% 0.69% $1.7M 2024-08-15 $10.64
2024 Q1 ADDED 41,054 +28,074 +216.3% 0.19% $451K 2024-05-14 $9.96
2023 Q3 INITIATED 12,980 0.01% $1.2M 2023-11-14 $9.14

FAQ About Almitas Capital LLC and AFB

These are the practical questions this page is built to answer before you even open the full history table.

How long has Almitas Capital LLC reported owning AFB?

Almitas Capital LLC reported AFB across 9 quarterly 13F filings, from 2023 Q3 through 2025 Q4.

What was the largest reported AFB position in Almitas Capital LLC's portfolio?

The largest reported portfolio weight for AFB was 0.69% in 2024 Q2.

What is the latest reported AFB position on this page?

The most recent filing on this page is 2025 Q4, when Almitas Capital LLC reported 214,282 shares, equal to 0.51% of portfolio, with an estimated market value of $2.3M.

What does the chart on this AFB ownership page compare?

The chart compares Almitas Capital LLC's quarterly AFB portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

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