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Aberdeen Municipal Income Fund

MFM
Exchange
NYSE
SEC CIK
0000801961

No open-market purchases or sales by Aberdeen Municipal Income Fund insiders were filed in the last 90 days; 126 institutions reported holding it in 13F filings for Q2 2026, worth $164.8M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Aberdeen Municipal Income Fund as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
92
+5 vs. Q3 2025
Shares held
18.6M
+1.27M (+7.4%) vs. Q3 2025
Total value
$100.8M
+$9.20M (+10.0%) vs. Q3 2025
New holders
12
36 more added
Sold out
7
21 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting MFM on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 92 institutions
Q1 2021: 72 institutionsQ2 2021: 70 institutionsQ3 2021: 70 institutionsQ4 2021: 71 institutionsQ1 2022: 69 institutionsQ2 2022: 77 institutionsQ3 2022: 72 institutionsQ4 2022: 77 institutionsQ1 2023: 69 institutionsQ2 2023: 69 institutionsQ3 2023: 74 institutionsQ4 2023: 82 institutionsQ1 2024: 79 institutionsQ2 2024: 80 institutionsQ3 2024: 77 institutionsQ4 2024: 84 institutionsQ1 2025: 85 institutionsQ2 2025: 87 institutionsQ3 2025: 87 institutionsQ4 2025: 92 institutionsQ1 2026: 83 institutionsQ2 2026: 126 institutions
Value heldQ4 2025: $100.8M
Q1 2021: $48.5MQ2 2021: $52.5MQ3 2021: $52.0MQ4 2021: $52.9MQ1 2022: $48.6MQ2 2022: $49.6MQ3 2022: $44.0MQ4 2022: $53.7MQ1 2023: $59.0MQ2 2023: $57.7MQ3 2023: $55.4MQ4 2023: $68.1MQ1 2024: $70.0MQ2 2024: $74.6MQ3 2024: $80.3MQ4 2024: $81.9MQ1 2025: $85.6MQ2 2025: $88.2MQ3 2025: $91.6MQ4 2025: $100.8MQ1 2026: $97.0MQ2 2026: $164.8M
Institutions holding MFM and their total value by quarter
QuarterHoldersValue
Q2 2026126$164.8M
Q1 202683$97.0M
Q4 202592$100.8M
Q3 202587$91.6M
Q2 202587$88.2M
Q1 202585$85.6M
Q4 202484$81.9M
Q3 202477$80.3M
Q2 202480$74.6M
Q1 202479$70.0M
Q4 202382$68.1M
Q3 202374$55.4M
Q2 202369$57.7M
Q1 202369$59.0M
Q4 202277$53.7M
Q3 202272$44.0M
Q2 202277$49.6M
Q1 202269$48.6M
Q4 202171$52.9M
Q3 202170$52.0M
Q2 202170$52.5M
Q1 202172$48.5M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Aberdeen Municipal Income Fund; share changes are against Q3 2025.

Institutions holding MFM in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Pathstone Holdings, LLC4,646,069$25.2M0.10%+701,125+17.8%Added
Bank of America Corp1,587,494$8.62M0.00%−81,939−4.9%Reduced
UBS Group AG1,165,389$6.33M0.00%+24,937+2.2%Added
Advisors Asset Management, Inc.1,131,102$6.14M0.10%+245,549+27.7%Added
Guggenheim Capital LLC918,774$4.99M0.04%−24,988−2.6%Reduced
Rivernorth Capital Management, LLC810,998$4.40M0.21%+413,450+104.0%Added
Janney Montgomery Scott LLC712,453$3.87M0.01%+47,824+7.2%Added
Hennion & Walsh Asset Management, Inc.675,044$3.67M0.13%+155,576+29.9%Added
Invesco Ltd.477,800$2.59M0.00%+33,374+7.5%Added
Logan Stone Capital, LLC439,446$2.39M0.59%−68,842−13.5%Reduced
Van Eck Associates Corp346,471$1.88M0.00%+40,728+13.3%Added
Mackay Shields LLC339,657$1.84M0.06%−93,498−21.6%Reduced
Saba Capital Management, L.P.265,800$1.44M0.05%−653,110−71.1%Reduced
Closed-End Fund Advisors, Inc.265,652$1.44M0.85%+265,652New
LPL Financial LLC254,737$1.38M0.00%−825−0.3%Reduced
Envestnet Asset Management Inc240,866$1.31M0.00%−2,924−1.2%Reduced
Raymond James Financial Inc209,675$1.14M0.00%+12,059+6.1%Added
Balanced Wealth Group LLC190,172$1.02M0.37%+190,172New
Morgan Stanley177,680$964.8K0.00%+3,440+2.0%Added
Cohen & Steers, Inc.170,000$923.0K0.00%+10,000+6.3%Added
Riverbridge Partners LLC163,727$889.0K0.02%+52,043+46.6%Added
Bank of New York Mellon Corp163,324$886.8K0.00%+15,844+10.7%Added
Robinson Capital Management, LLC161,488$876.9K0.37%+60,000+59.1%Added
Rockefeller Capital Management L.P.154,492$838.9K0.00%+8,300+5.7%Added
Private Advisor Group, LLC152,627$828.8K0.00%−53,784−26.1%Reduced
Melfa Wealth Management, LLC151,674$823.6K0.47%+24,450+19.2%Added
GWM Advisors LLC140,658$763.8K0.00%+43,729+45.1%Added
Thomas J. Herzfeld Advisors, Inc.137,475$746.5K0.25%+2,078+1.5%Added
Almitas Capital LLC134,361$729.6K0.16%+134,361New
Bridgewater Advisors Inc.127,250$696.1K0.05%+22,610+21.6%Added
Whitebox Advisors LLC125,000$678.8K0.01%+125,000New
Creative Planning124,460$675.8K0.00%−35,080−22.0%Reduced
Cambridge Investment Research Advisors, Inc.117,525$638.0K0.00%+4,511+4.0%Added
Capital Investment Advisors, LLC107,298$582.6K0.01%−7,734−6.7%Reduced
Royal Bank of Canada103,966$565.0K0.00%+17,337+20.0%Added
Wells Fargo & Company100,222$544.2K0.00%+6,486+6.9%Added
Ameriprise Financial Inc91,627$497.5K0.00%+2,768+3.1%Added
Tyche Wealth Partners LLC80,005$434.4K0.07%−1,171−1.4%Reduced
Catalina Capital Group, LLC70,125$380.8K0.23%00.0%Unchanged
Summit Financial, LLC56,105$304.7K0.00%+32+0.1%Added
Steward Partners Investment Advisory, LLC55,835$303.2K0.00%00.0%Unchanged
Rothschild Investment LLC53,000$287.8K0.02%00.0%Unchanged
Matisse Capital52,241$283.7K0.13%00.0%Unchanged
MML Investors Services, LLC46,820$254.2K0.00%−1,483−3.1%Reduced
Advisor Group Holdings, Inc.46,599$253.0K0.00%+13,977+42.8%Added
Aviance Capital Partners, LLC46,422$252.1K0.03%+152+0.3%Added
Northwestern Mutual Wealth Management Co43,863$238.2K0.00%−15,924−26.6%Reduced
Equitable Holdings, Inc.40,349$219.1K0.00%+231+0.6%Added
Jane Street Group, LLC38,866$211.0K0.00%+28,488+274.5%Added
Blue Bell Private Wealth Management, LLC38,571$209.4K0.03%−1,377−3.4%Reduced
Ackerman Capital Advisors, LLC34,993$190.0K0.04%+11,352+48.0%Added
HighTower Advisors, LLC32,427$176.1K0.00%+4,759+17.2%Added
Noble Wealth Management PBC30,530$165.8K0.08%00.0%Unchanged
Cetera Investment Advisers28,035$152.2K0.00%−5,186−15.6%Reduced
Wiley Bros.-Aintree Capital, LLC27,779$150.8K0.00%+27,779New
Susquehanna International Group, LLP27,627$150.0K0.00%+12,155+78.6%Added
Wealthcare Advisory Partners LLC27,230$147.9K0.00%00.0%Unchanged
PFG Investments, LLC27,176$147.6K0.01%+55+0.2%Added
Integrated Capital Management, Inc.24,148$131.1K0.09%−824−3.3%Reduced
Baird Financial Group, Inc.23,676$128.6K0.00%00.0%Unchanged
Chicago Partners Investment Group LLC22,224$120.0K0.00%+197+0.9%Added
Warren Averett Asset Management, LLC21,292$115.6K0.00%+3,195+17.7%Added
CI Private Wealth, LLC20,513$111.4K0.00%00.0%Unchanged
Atomi Financial Group, Inc.19,595$106.4K0.00%+19,595New
Nomura Holdings Inc17,062$92.6K0.00%+7,062+70.6%Added
Integrated Wealth Concepts LLC15,789$85.7K0.00%−175−1.1%Reduced
Citadel Advisors LLC15,626$84.8K0.00%+15,626New
Center for Financial Planning, Inc.15,000$81.5K0.01%−15,000−50.0%Reduced
Activest Wealth Management14,816$80.5K0.02%00.0%Unchanged
Pensionmark Financial Group, LLC14,212$77.2K0.00%00.0%Unchanged
Mariner, LLC12,126$65.8K0.00%−268−2.2%Reduced
Gridiron Partners, LLC11,873$64.5K0.04%−296,292−96.1%Reduced
Sanctuary Advisors, LLC11,578$62.9K0.00%00.0%Unchanged
Amarillo National Bank11,502$62.5K0.01%00.0%Unchanged
Balyasny Asset Management LLC11,300$61.4K0.00%+11,300New
Beaumont Financial Advisors, LLC11,253$61.1K0.00%+11,253New
Verition Fund Management LLC11,076$60.1K0.00%00.0%Unchanged
Silverlake Wealth Management LLC10,347$56.2K0.01%00.0%Unchanged
Commonwealth Financial Services, LLC10,000$54.3K0.01%00.0%Unchanged
NWF Advisory Services Inc.10,000$54.3K0.01%00.0%Unchanged
IFP Advisors, Inc8,010$43.5K0.00%00.0%Unchanged
Garton & Associates Financial Advisors LLC6,871$37.3K0.02%+6,871New
Colonial Trust Advisors5,414$29.4K0.00%−6,000−52.6%Reduced
Commonwealth Retirement Investments LLC3,618$19.6K0.01%+3,618New
American National Bank2,820$15.3K0.00%00.0%Unchanged
Kilter Group LLC2,426$13.2K0.01%+33+1.4%Added
US Bancorp2,080$11.3K0.00%00.0%Unchanged
MAI Capital Management700$3.80K0.00%00.0%Unchanged
Anchor Investment Management, LLC650$3.53K0.00%00.0%Unchanged
Eastern Bank500$2.71K0.00%00.0%Unchanged
Bank of New Hampshire500$2.71K0.00%00.0%Unchanged
SRS Capital Advisors, Inc.27$1470.00%+27New
Park Avenue Securities LLC0$00.00%−133,612−100.0%Sold out
Ashton Thomas Private Wealth, LLC0$00.00%−27,000−100.0%Sold out
Commonwealth Equity Services, LLC0$00.00%−18,614−100.0%Sold out
WealthBridge Capital Management, LLC0$00.00%−11,700−100.0%Sold out
GPS Wealth Strategies Group, LLC0$00.00%−10,960−100.0%Sold out
Advisory Services Network, LLC0$00.00%−335−100.0%Sold out
Ameritas Advisory Services, LLC0$00.00%−221−100.0%Sold out