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abrdn National Municipal Income Fund

VFLDelisted Jul 13, 2026

abrdn National Municipal Income Fund was delisted on Jul 13, 2026; its insiders filed their last Form 4 on Jul 14, 2026; 54 institutions reported holding it in 13F filings for Q2 2026, worth $46.7M in total; no superinvestor held it.

13F holders, Q4 2025

Institutional positions in abrdn National 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
55
+3 vs. Q3 2025
Shares held
3.82M
+660.4K (+20.9%) vs. Q3 2025
Total value
$39.2M
+$6.83M (+21.1%) vs. Q3 2025
New holders
10
19 more added
Sold out
7
12 more reduced

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

Holders and value by quarter

Institutions reporting VFL 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: 55 institutions
Q1 2021: 25 institutionsQ2 2021: 28 institutionsQ3 2021: 26 institutionsQ4 2021: 30 institutionsQ1 2022: 62 institutionsQ2 2022: 60 institutionsQ3 2022: 55 institutionsQ4 2022: 36 institutionsQ1 2023: 43 institutionsQ2 2023: 41 institutionsQ3 2023: 51 institutionsQ4 2023: 58 institutionsQ1 2024: 55 institutionsQ2 2024: 52 institutionsQ3 2024: 51 institutionsQ4 2024: 59 institutionsQ1 2025: 49 institutionsQ2 2025: 52 institutionsQ3 2025: 52 institutionsQ4 2025: 55 institutionsQ1 2026: 55 institutionsQ2 2026: 54 institutions
Value heldQ4 2025: $39.2M
Q1 2021: $14.1MQ2 2021: $16.6MQ3 2021: $16.1MQ4 2021: $17.3MQ1 2022: $80.0MQ2 2022: $81.4MQ3 2022: $80.9MQ4 2022: $13.9MQ1 2023: $16.7MQ2 2023: $17.2MQ3 2023: $22.8MQ4 2023: $33.0MQ1 2024: $32.0MQ2 2024: $32.6MQ3 2024: $31.2MQ4 2024: $31.2MQ1 2025: $29.5MQ2 2025: $28.3MQ3 2025: $32.4MQ4 2025: $39.2MQ1 2026: $41.4MQ2 2026: $46.7M
Institutions holding VFL and their total value by quarter
QuarterHoldersValue
Q2 202654$46.7M
Q1 202655$41.4M
Q4 202555$39.2M
Q3 202552$32.4M
Q2 202552$28.3M
Q1 202549$29.5M
Q4 202459$31.2M
Q3 202451$31.2M
Q2 202452$32.6M
Q1 202455$32.0M
Q4 202358$33.0M
Q3 202351$22.8M
Q2 202341$17.2M
Q1 202343$16.7M
Q4 202236$13.9M
Q3 202255$80.9M
Q2 202260$81.4M
Q1 202262$80.0M
Q4 202130$17.3M
Q3 202126$16.1M
Q2 202128$16.6M
Q1 202125$14.1M

Institutions, Q4 2025

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

Institutions holding VFL in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Pathstone Holdings, LLC419,411$4.31M0.02%+195,089+87.0%Added
Mackay Shields LLC401,695$4.13M0.14%00.0%Unchanged
Allspring Global Investments Holdings, LLC353,273$3.63M0.01%00.0%Unchanged
Guggenheim Capital LLC253,077$2.60M0.02%−9,015−3.4%Reduced
Hennion & Walsh Asset Management, Inc.241,251$2.48M0.09%+123,244+104.4%Added
Morgan Stanley221,437$2.27M0.00%−7,795−3.4%Reduced
Rivernorth Capital Management, LLC178,854$1.84M0.09%+78,673+78.5%Added
Riverbridge Partners LLC175,152$1.80M0.03%+53,785+44.3%Added
Matisse Capital174,693$1.79M0.80%+4,693+2.8%Added
Closed-End Fund Advisors, Inc.140,906$1.45M0.85%+140,906New
Logan Stone Capital, LLC113,485$1.17M0.29%+25,969+29.7%Added
Van Eck Associates Corp103,644$1.06M0.00%+13,010+14.4%Added
Coastal Investment Advisors, Inc.95,192$977.6K0.32%00.0%Unchanged
Saba Capital Management, L.P.85,645$879.6K0.03%−44,878−34.4%Reduced
Wells Fargo & Company79,010$811.4K0.00%+5,229+7.1%Added
Noble Wealth Management PBC63,832$655.6K0.33%+1,707+2.7%Added
Wealth Enhancement Advisory Services, LLC59,705$608.4K0.00%+1,827+3.2%Added
Sit Investment Associates Inc51,007$524.0K0.01%+51,007New
Blue Bell Private Wealth Management, LLC50,657$520.2K0.08%−353−0.7%Reduced
Capital Investment Advisors, LLC42,089$432.3K0.01%00.0%Unchanged
Thomas J. Herzfeld Advisors, Inc.35,909$368.8K0.12%+9,543+36.2%Added
Royal Bank of Canada34,169$351.0K0.00%+622+1.9%Added
Steward Partners Investment Advisory, LLC29,901$307.1K0.00%−69−0.2%Reduced
Melfa Wealth Management, LLC27,210$279.5K0.16%−2,855−9.5%Reduced
LPL Financial LLC26,773$275.0K0.00%+6,004+28.9%Added
Whipplewood Advisors, LLC24,917$255.9K0.16%+44+0.2%Added
Hara Capital LLC24,600$253.9K0.14%00.0%Unchanged
Wiley Bros.-Aintree Capital, LLC24,053$247.0K0.00%+24,053New
Element Wealth, LLC23,020$236.4K0.10%00.0%Unchanged
Berger Financial Group, Inc19,242$197.6K0.01%−2,005−9.4%Reduced
GWM Advisors LLC17,800$182.8K0.00%−1,850−9.4%Reduced
Prime Capital Investment Advisors, LLC17,143$176.1K0.00%−4,914−22.3%Reduced
Susquehanna International Group, LLP16,952$174.1K0.00%+16,952New
Koshinski Asset Management, Inc.16,012$164.4K0.01%00.0%Unchanged
Sightline Wealth Advisors, LLC15,161$155.7K0.07%−17,666−53.8%Reduced
PFG Investments, LLC15,000$154.1K0.01%+15,000New
GEN Financial Management, INC.13,324$136.8K0.09%00.0%Unchanged
HighMark Wealth Management LLC12,880$132.3K0.05%00.0%Unchanged
Traub Capital Management LLC12,218$125.5K0.12%+12,218New
River Street Advisors LLC11,845$121.6K0.05%+11,845New
HighTower Advisors, LLC11,717$120.3K0.00%+940+8.7%Added
Basepoint Wealth LLC11,668$119.8K0.07%+96+0.8%Added
Advisor Group Holdings, Inc.10,998$112.9K0.00%−4,496−29.0%Reduced
RMB Capital Management, LLC10,822$111.7K0.00%00.0%Unchanged
UBS Group AG10,575$108.6K0.00%−1,547−12.8%Reduced
Nomura Holdings Inc10,562$108.5K0.00%+10,562New
CWM, LLC8,752$90.0K0.00%00.0%Unchanged
Sofos Investments, Inc.8,103$83.2K0.02%+3,353+70.6%Added
MRP Capital Investments, LLC8,000$82.2K0.07%+5,500+220.0%Added
Comerica Bank3,625$37.2K0.00%00.0%Unchanged
Bayban565$5.80K0.01%+565New
Rothschild Investment LLC470$4.83K0.00%00.0%Unchanged
Signature Equity Partners, LLC273$2.80K0.00%+273New
Global Retirement Partners, LLC240$2.46K0.00%00.0%Unchanged
Bullock Wealth Management Group113$1.17K0.00%+1+0.9%Added
Cetera Investment Advisers0$00.00%−21,844−100.0%Sold out
OneAscent Financial Services LLC0$00.00%−14,000−100.0%Sold out
Williams Jones Wealth Management, LLC.0$00.00%−12,711−100.0%Sold out
Principal Securities, Inc.0$00.00%−3,597−100.0%Sold out
Advisory Services Network, LLC0$00.00%−1,742−100.0%Sold out
GPS Wealth Strategies Group, LLC0$00.00%−774−100.0%Sold out
Bank of America Corp0$00.00%−198−100.0%Sold out