MFM · Aberdeen Municipal Income Fund · Holdings

$5.18 +0.07 (+1.37%) At close · Sep 11

Market Cap

$213.35M

41.19M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 125

Total Value: $164,803,667

Total Shares: 29,324,508

Showing 1–100 of 125 holdings by value · page 1 of 2

Institutional Ownership Trend

26 quarters

Holder Concentration

Across 125 13F filers · Δ vs Mar 31, 2026

Top Holder

18.5%

−8.5 pts

Top 5

41.4%

−14.0 pts

Top 10

57.9%

−13.2 pts

HHI

583

Broadly held−438

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: +41

Institutional value: +71.2%

Shares held: +63.0%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Small ROBINSON CAPITAL MANAGEMENT, LLC	+897,784	1,076,957
Mid Saba Capital Management, L.P.	+758,143	1,023,943
Mid RIVERNORTH CAPITAL MANAGEMENT, LLC	+601,827	1,509,877
Large Pathstone Holdings, LLC	+589,801	5,415,646
Mega BANK OF AMERICA CORP /DE/	+567,834	2,173,502

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Small Logan Stone Capital, LLC	−73,895	256,998
Mid Advisors Asset Management, Inc.	−60,105	1,212,792
Mega Bank of New York Mellon Corp	−49,696	114,290
Large Steward Partners Investment Advisory, LLC	−48,494	2,361
Large COHEN & STEERS, INC.	−12,000	158,000

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Small Almitas Capital LLC	878,531	$4,937,344
Large Janney Montgomery Scott LLC	716,516	$4,026,819
Large COMMONWEALTH EQUITY SERVICES, LLC	460,275	$2,586,745
Mid CITY OF LONDON INVESTMENT MANAGEMENT CO LTD	324,887	$1,825,864
Mid SIT INVESTMENT ASSOCIATES INC	303,923	$1,708,047

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Mid Private Advisor Group, LLC	151,588	$817,059
Small Catalina Capital Group, LLC	70,125	$377,973
Large Corient Private Wealth LLC	20,513	$110,565
Small Activest Wealth Management	14,816	$79,858
Large HRT FINANCIAL LP	10,812	$58,276

Filter: New 52 Increased 49 Reduced 13 Sold out 11 Unchanged 11

Showing 100 of 125

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Pathstone Holdings, LLC

$30,435,930

18.47%

5,415,646

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ADVISOR PARTNERS II, LLC	5,395,660	$30,323,609	99.6%	Defined
Held directly	19,986	$112,321	0.4%	Sole

BANK OF AMERICA CORP /DE/

$12,215,079

7.41%

2,173,502

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	19,587	$110,078	0.9%	Defined
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	2,121,488	$11,922,762	97.6%	Defined
BOFA SECURITIES, INC.	32,427	$182,239	1.5%	Defined

UBS Group AG

$10,235,537

6.21%

1,821,270

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	1,821,270	$10,235,537	100.0%	Defined

RIVERNORTH CAPITAL MANAGEMENT, LLC

$8,485,508

5.15%

1,509,877

Advisors Asset Management, Inc.

$6,815,891

4.14%

1,212,792

ROBINSON CAPITAL MANAGEMENT, LLC

$6,052,498

3.67%

1,076,957

Hennion & Walsh Asset Management, Inc.

$5,758,077

3.49%

1,024,569

Saba Capital Management, L.P.

$5,754,559

3.49%

1,023,943

Almitas Capital LLC

$4,937,344

3.00%

878,531

GUGGENHEIM CAPITAL LLC

$4,750,624

2.88%

845,307

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GUGGENHEIM FUNDS DISTRIBUTORS, LLC	841,361	$4,728,448	99.5%	Defined
SECURITY INVESTORS LLC	3,946	$22,176	0.5%	Defined

VAN ECK ASSOCIATES CORP

$4,096,968

2.49%

728,998

Janney Montgomery Scott LLC

$4,026,819

2.44%

716,516

WHITEBOX ADVISORS LLC

$3,231,848

1.96%

575,062

MORGAN STANLEY

$3,183,875

1.93%

566,526

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY CAPITAL SERVICES, LLC	10,607	$59,611	1.9%	Defined
MORGAN STANLEY SMITH BARNEY LLC	555,919	$3,124,264	98.1%	Defined

Closed-End Fund Advisors, Inc.

$2,623,623

1.59%

466,837

COMMONWEALTH EQUITY SERVICES, LLC

$2,586,745

1.57%

460,275

Invesco Ltd.

$2,560,820

1.55%

455,662

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Investment Advisers LLC	455,662	$2,560,820	100.0%	Defined

Summit Financial, LLC

$2,524,172

1.53%

449,141

MELFA WEALTH MANAGEMENT, INC.

$2,425,473

1.47%

431,579

OSAIC HOLDINGS, INC.

$2,240,141

1.36%

398,602

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	268,508	$1,509,014	67.4%	Defined
CW Advisors, LLC	124,749	$701,089	31.3%	Sole
Osaic Advisory Services, LLC	5,345	$30,038	1.3%	Defined

ENVESTNET ASSET MANAGEMENT INC

$2,034,440

1.23%

362,000

RAYMOND JAMES FINANCIAL INC

$1,970,882

1.20%

350,691

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	206,022	$1,157,843	58.7%	Defined
Raymond James Financial Services Advisors, Inc.	118,371	$665,245	33.8%	Defined
RAYMOND JAMES TRUST N.A.	26,298	$147,794	7.5%	Defined

Thomas J. Herzfeld Advisors, Inc.

$1,941,310

1.18%

345,429

MACKAY SHIELDS LLC

$1,876,079

1.14%

333,822

CITY OF LONDON INVESTMENT MANAGEMENT CO LTD

$1,825,864

1.11%

324,887

NewEdge Advisors, LLC

$1,800,164

1.09%

320,314

SIT INVESTMENT ASSOCIATES INC

$1,708,047

1.04%

303,923

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SIT FIXED INCOME ADVISORS II LLC /ADV	303,923	$1,708,047	100.0%	Sole

Logan Stone Capital, LLC

$1,444,328

0.88%

256,998

RIVERBRIDGE PARTNERS LLC

$1,393,209

0.85%

247,902

WELLS FARGO & COMPANY/MN

$1,324,757

0.80%

235,722

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	181,109	$1,017,832	76.8%	Defined
WELLS FARGO CLEARING SERVICES, LLC	54,613	$306,925	23.2%	Defined

Bulldog Investors, LLP

$1,294,746

0.79%

230,382

Cambridge Investment Research Advisors, Inc.

$1,129,462

0.69%

200,972

BALANCED WEALTH GROUP LLC

$1,111,489

0.67%

197,774

Capital Investment Advisors, LLC

$1,082,249

0.66%

192,571

COHEN & STEERS, INC.

$887,960

0.54%

158,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Cohen & Steers Capital Management Inc	158,000	$887,960	100.0%	Sole

Rockefeller Capital Management L.P.

$857,876

0.52%

152,647

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ROCKEFELLER FINANCIAL LLC	152,647	$857,876	100.0%	Defined

ROYAL BANK OF CANADA

$839,925

0.51%

149,453

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	149,453	$839,925	100.0%	Defined

LPL Financial LLC

$806,312

0.49%

143,472

PARK AVENUE SECURITIES LLC

$738,675

0.45%

131,437

Bridgewater Advisors Inc.

$715,145

0.43%

127,250

Bank of New York Mellon Corp

$642,308

0.39%

114,290

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BNY Mellon, NA	114,287	$642,292	100.0%	Defined
Held directly	3	$16	0.0%	Defined

Creative Planning

$622,128

0.38%

110,699

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC

$610,140

0.37%

108,566

AMERIPRISE FINANCIAL INC

$560,460

0.34%

99,726

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Ameriprise Financial Services, LLC	99,726	$560,460	100.0%	Defined

Lido Advisors, LLC

$518,956

0.31%

92,341

ROTHSCHILD INVESTMENT LLC

$485,410

0.29%

86,372

CAPTRUST FINANCIAL ADVISORS

$405,230

0.25%

72,105

Tyche Wealth Partners LLC

$395,125

0.24%

70,307

Cetera Investment Advisers

$360,719

0.22%

64,185

Equitable Holdings, Inc.

$352,531

0.21%

62,728

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
EQUITABLE ADVISORS, LLC	62,728	$352,531	100.0%	Defined

Matisse Capital

$320,654

0.19%

57,056

Kestra Advisory Services, LLC

$289,132

0.18%

51,447

Novak & Powell Financial Services, Inc.

$256,440

0.16%

45,630

MML INVESTORS SERVICES, LLC

$254,237

0.15%

45,238

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

$252,647

0.15%

44,955

Aviance Capital Partners, LLC

$250,286

0.15%

44,535

TRUIST FINANCIAL CORP

$249,162

0.15%

44,335

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Truist Advisory Services, Inc.	44,335	$249,162	100.0%	Defined

Focus Partners Wealth

$245,919

0.15%

43,758

Mutual Advisors, LLC

$238,664

0.14%

42,467

CITADEL ADVISORS LLC

$232,358

0.14%

41,345

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	41,345	$232,358	100.0%	Defined

&PARTNERS

$228,076

0.14%

40,583

Ackerman Capital Advisors, LLC

$222,186

0.13%

39,535

Noble Wealth Management PBC

$206,591

0.13%

36,760

HighTower Advisors, LLC

$181,570

0.11%

32,308

READYSTATE ASSET MANAGEMENT LP

$178,019

0.11%

31,676

Wealthcare Advisory Partners LLC

$172,005

0.10%

30,606

Fortis Capital Advisors, LLC

$164,351

0.10%

29,244

Belpointe Asset Management LLC

$164,351

0.10%

29,244

Apollon Wealth Management, LLC

$161,052

0.10%

28,657

PFG Investments, LLC

$155,550

0.09%

27,678

Beacon Pointe Advisors, LLC

$147,834

0.09%

26,305

STIFEL FINANCIAL CORP

$144,709

0.09%

25,749

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STIFEL NICOLAUS & CO INC \MO\	25,749	$144,709	100.0%	Defined

Baird Financial Group, Inc.

$143,669

0.09%

25,564

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Robert W. Baird & Co. Inc	25,464	$143,107	99.6%	Defined
BAIRD TRUST Co	100	$562	0.4%	Defined

Compound Planning, Inc.

$135,908

0.08%

24,183

Beverly Hills Private Wealth, LLC

$128,697

0.08%

22,900

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Avise Financial Cooperative, Inc.	340	$1,910	1.5%	Other
Held directly	22,560	$126,787	98.5%	Sole

Waverly Advisors, LLC

$126,556

0.08%

22,519

EVOLVE PRIVATE WEALTH, LLC

$126,511

0.08%

22,511

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$125,882

0.08%

22,399

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
G1 EXECUTION SERVICES, LLC	22,399	$125,882	100.0%	Other

Chicago Partners Investment Group LLC

$124,898

0.08%

22,224

INTEGRATED CAPITAL MANAGEMENT, INC.

$112,782

0.07%

20,068

NOMURA HOLDINGS INC

$112,400

0.07%

20,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NOMURA GLOBAL FINANCIAL PRODUCTS INC	20,000	$112,400	100.0%	Defined

LANGLEY WEALTH MANAGEMENT, LLC

$112,293

0.07%

19,981

Allspring Global Investments Holdings, LLC

$110,742

0.07%

19,705

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Allspring Global Investments, LLC reporting on behalf of UBS ASSET MANAGEMENT AMERICAS INC	19,705	$110,742	100.0%	Defined

Ethos Financial Group, LLC

$101,783

0.06%

18,111

Integrated Wealth Concepts LLC

$99,412

0.06%

17,689

HORIZON KINETICS ASSET MANAGEMENT LLC

$97,855

0.06%

17,412

SILVERLAKE WEALTH MANAGEMENT LLC

$91,263

0.06%

16,239

Mariner, LLC

$91,150

0.06%

16,219

Canal Capital Management, LLC

$89,279

0.05%

15,886

DAVIS R M INC

$88,644

0.05%

15,773

Concurrent Investment Advisors, LLC

$81,287

0.05%

14,464

World Investment Advisors

$81,276

0.05%

14,462

MERCER GLOBAL ADVISORS INC /ADV

$81,192

0.05%

14,447

BOKF, NA

$77,280

0.05%

13,751

1607 Capital Partners, LLC

$76,583

0.05%

13,627

J.W. COLE ADVISORS, INC.

$65,737

0.04%

11,697

Sanctuary Advisors, LLC

$65,709

0.04%

11,692

JANE STREET GROUP, LLC

$64,932

0.04%

11,554

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	7,348	$41,295	63.6%	Defined
Jane Street Global Trading, LLC	4,206	$23,637	36.4%	Defined

AMARILLO NATIONAL BANK

$64,641

0.04%

11,502

ADAPT WEALTH ADVISORS, LLC

$62,421

0.04%

11,107

Key facts CIK 801961 CUSIP 552738106 13F (30d) 44 filings 44 filers Visit website Investor relations