Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Alliancebernstein Natl Mun I (AFB)

90 + Investors. Track Smart Money conviction in AFB. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
2Q ▲
Buyers last Q
61%

Smart Money Signals — AFB

Based on 90 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added AFB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
90 hedge funds hold AFB right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +18% more funds vs a year ago

fund count last 6Q
+14 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 61% buying

52 buying33 selling
Last quarter: 52 funds were net buyers (18 opened a brand new position + 34 added to an existing one). Only 33 were sellers (16 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~18 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 15 → 7 → 23 → 18. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

57% of holders stayed for 2+ years

57% conviction (2yr+) 18% medium 26% new
51 out of 90 hedge funds have held AFB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

8 → 15 → 7 → 23 → 18 new funds/Q
New funds entering each quarter: 15 → 7 → 23 → 18. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 62% veterans vs 32% newcomers

62% veterans 6% 1-2yr 32% new
Entry-cohort mix of 90 holders: 56 (62%) are 2+ year veterans, 5 entered 1–2 years ago, and 29 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 12% AUM from top-100

12% from top-100 AUM funds
12 of 90 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — AFB

In 2026 Q1, 52 hedge funds were net buyers of AFB (18 opened a new position, 34 added to an existing one), while 33 reduced or exited (16 trimmed, 17 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 90.

Hedge Fund Ownership: AFB

How many hedge funds hold AFB — quarterly history vs. share price
Quarterly hedge fund ownership of AFB vs. share price

Market Analysis: AFB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AFB

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Alliancebernstein Natl Mun I (AFB) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much AFB has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
AFB
nan%
XLF
+9.5%

AFB outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
AFB
nan%
XLF
+5.8%

Since the filing became public, AFB outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 1 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: AFB
90 + Investors

Track Smart Money conviction in AFB. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 90 89 1.12%
13F Shares 19M 17M 7.4%
Total Value $186M $187M -0.52%
New Positions 18 23 -5
Increased Positions 34 24 +10
Closed Positions 17 7 +10
Reduced Positions 16 23 -7
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: AFB

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Institutional Holders (2026 Q1)

90 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in AFB. Verified SEC 13F-HR filings.

QUARTER:
Top 25 AFB holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Altium Capital Management LLC 5.65% 222,264 $2.4M
2 Rareview Capital LLC 2.54% 420,224 $4.3M
3 Robinson Capital Management, LLC 1.23% 265,460 $2.9M
4 Karpus Management, Inc. 0.85% 2,553,118 $27.3M
5 Closed-End Fund Advisors, Inc. 0.68% 62,678 $670K
6 Rivernorth Capital Management, LLC 0.57% 1,061,484 $11.3M
7 Traub Capital Management LLC 0.53% 50,291 $538K
8 Almitas Capital LLC 0.52% 214,282 $2.3M
9 Logan Stone Capital, LLC 0.45% 152,881 $1.6M
10 Indiana Trust & Investment Management Co 0.45% 137,000 $1.5M
11 Petra Financial Advisors Inc 0.35% 53,350 $570K
12 City of London Investment Management Co Ltd 0.35% 453,640 $4.8M
13 Noble Wealth Management PBC 0.35% 64,545 $690K
14 Melfa Wealth Management, INC. 0.29% 47,652 $509K
15 Hennion & Walsh Asset Management, Inc. 0.22% 606,136 $6.5M
16 Financially in Tune, LLC 0.20% 21,600 $231K
17 Kennedy Investment Group, INC. 0.20% 47,281 $505K
18 Catalina Capital Group, LLC 0.18% 27,513 $294K
19 Smith Asset Management Co., LLC 0.17% 18,203 $195K
20 Saba Capital Management, L.P. 0.14% 459,321 $4.9M
21 Pathstone Holdings, LLC 0.13% 3,088,392 $33.0M
22 Advisors Asset Management, Inc. 0.12% 688,070 $7.4M
23 Jupiter Wealth Management LLC 0.12% 27,175 $302K
24 Balanced Wealth Group LLC 0.09% 23,245 $248K
25 Accredited Investor Services, LLC 0.07% 10,084 $108K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Alliancebernstein Natl Mun I (AFB)

What does the Smart Money Trend signal show for AFB?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added AFB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for AFB?

More buyers than sellers — 61% buying: Last quarter: 52 funds were net buyers (18 opened a brand new position + 34 added to an existing one). Only 33 were sellers (16 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for AFB holders?

Smaller funds dominant — 12% AUM from top-100: 12 of 90 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held AFB?

57% of holders stayed for 2+ years: 51 out of 90 hedge funds have held AFB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Alliancebernstein Natl Mun I (AFB) following the 2026 Q1 hedge fund 13F filings?

As of today, AFB has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), AFB has gained nan% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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