VFL · abrdn National Municipal Income Fund · Holdings

$10.31 -0.06 (-0.58%) At close · Jul 10

Market Cap

$126.59M

12.28M

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: 54

Total Value: $14,088,582

Total Shares: 4,492,459

Institutional Ownership Trend

26 quarters

Holder Concentration

Across 54 13F filers

Top Holder

29.6%

of institutional value

Top 5

82.3%

of institutional value

Top 10

95.7%

of institutional value

HHI

1,713

Moderately concentrated

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -2

Institutional value: —

Shares held: +8.4%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Large Pathstone Holdings, LLC	+131,828	725,977
Mid RIVERNORTH CAPITAL MANAGEMENT, LLC	+92,516	308,511
Mid SIT INVESTMENT ASSOCIATES INC	+73,337	173,782
Mid Karpus Management, Inc.	+71,818	114,275
Small ROBINSON CAPITAL MANAGEMENT, LLC	+66,149	122,991

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Large GUGGENHEIM CAPITAL LLC	−21,382	221,611
Mega WELLS FARGO & COMPANY/MN	−8,702	86,452
Small Basepoint Wealth LLC	−5,764	6,136
Mid Hennion & Walsh Asset Management, Inc.	−4,257	268,847
Micro Ackerman Capital Advisors, LLC	−3,664	11,694

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Small ABSOLUTE INVESTMENT ADVISERS, LLC	11,856	$122,946
Large JONES FINANCIAL COMPANIES LLLP	1	$0
Small Almitas Capital LLC	37,221	$0
Small Financial Gravity Companies, Inc.	8,103	$0
Large Rockefeller Capital Management L.P.	5,000	$0

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Small Logan Stone Capital, LLC	130,148	$0
Large Steward Partners Investment Advisory, LLC	25,766	$0
Mid Western Wealth Management, LLC	774	$0
Small Signature Equity Partners, LLC	273	$0
Micro GEN Financial Management, INC.	13,324	$0

Filter: New 6 Increased 17 Reduced 13 Sold out 8 Unchanged 18

Showing 54 of 54

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

MACKAY SHIELDS LLC

$4,165,577

29.57%

401,695

Hennion & Walsh Asset Management, Inc.

$2,787,943

19.79%

268,847

RIVERBRIDGE PARTNERS LLC

$2,006,792

14.24%

193,519

Closed-End Fund Advisors, Inc.

$1,642,856

11.66%

158,424

Realta Investment Advisors

$987,141

7.01%

95,192

Noble Wealth Management PBC

$930,707

6.61%

89,750

MELFA WEALTH MANAGEMENT, INC.

$282,167

2.00%

27,210

Whipplewood Advisors, LLC

$269,215

1.91%

25,961

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

$245,634

1.74%

23,687

Koshinski Asset Management, Inc.

$166,044

1.18%

16,012

Sightline Wealth Advisors, LLC

$123,631

0.88%

11,922

ABSOLUTE INVESTMENT ADVISERS, LLC

$122,946

0.87%

11,856

River Street Advisors LLC

$122,832

0.87%

11,845

Ackerman Capital Advisors, LLC

$121,266

0.86%

11,694

Traub Capital Management LLC

$107,972

0.77%

10,412

BAYBAN

$5,859

0.04%

565

MRP Capital Investments, LLC

—

8,000

MORGAN STANLEY

—

241,643

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

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	241,643	$0	—	Defined

Allspring Global Investments Holdings, LLC

—

353,273

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	353,273	$0	—	Defined

GILL CAPITAL PARTNERS, LLC

—

2,551

UBS Group AG

—

10,272

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	10,272	$0	—	Defined

WELLS FARGO & COMPANY/MN

—

86,452

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	8,241	$0	—	Defined
WELLS FARGO CLEARING SERVICES, LLC	78,211	$0	—	Defined

SUSQUEHANNA INTERNATIONAL GROUP, LLP

—

14,757

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	14,757	$0	—	Other

OSAIC HOLDINGS, INC.

—

16,589

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

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	16,589	$0	—	Defined

SIT INVESTMENT ASSOCIATES INC

—

173,782

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	173,782	$0	—	Sole

Matisse Capital

—

174,693

JONES FINANCIAL COMPANIES LLLP

—

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

Manager	Shares	Value (USD)	% of position	Discretion
Edward D. Jones & Co., L.P.	1	$0	—	Sole

VAN ECK ASSOCIATES CORP

—

118,409

Bullock Wealth Management Group

—

117

Financial Gravity Companies, Inc.

—

8,103

RIVERNORTH CAPITAL MANAGEMENT, LLC

—

308,511

OneAscent Financial Services LLC

—

14,000

Clear Street Group Inc.

—

1,884

ROYAL BANK OF CANADA

—

39,121

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	39,121	$0	—	Defined

Curi Capital, LLC

—

10,822

Rockefeller Capital Management L.P.

—

5,000

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

Manager	Shares	Value (USD)	% of position	Discretion
ROCKEFELLER FINANCIAL LLC	5,000	$0	—	Defined

ROTHSCHILD INVESTMENT LLC

—

470

FIFTH THIRD BANCORP

—

3,625

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

Manager	Shares	Value (USD)	% of position	Discretion
Fifth Third Bank, National Association	3,625	$0	—	Defined

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC

—

48,319

Capital Investment Advisors, LLC

—

38,354

LPL Financial LLC

—

69,358

NewEdge Advisors, LLC

—

33,869

Pathstone Holdings, LLC

—

725,977

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	723,989	$0	—	Defined
Held directly	1,988	$0	—	Sole

Karpus Management, Inc.

—

114,275

Bank of New York Mellon Corp

—

23,622

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

Manager	Shares	Value (USD)	% of position	Discretion
BNY Mellon, NA	23,621	$0	—	Defined
Held directly	1	$0	—	Defined

GUGGENHEIM CAPITAL LLC

—

221,611

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	219,028	$0	—	Defined
SECURITY INVESTORS LLC	2,583	$0	—	Defined

Element Wealth, LLC

—

21,020

Basepoint Wealth LLC

—

6,136

HighMark Wealth Management LLC

—

12,880

Berger Financial Group, Inc

—

19,443

Hara Capital LLC

—

24,600

&PARTNERS

—

22,117

ROBINSON CAPITAL MANAGEMENT, LLC

—

122,991

Almitas Capital LLC

—

37,221

Key facts CIK 895574 CUSIP 24610T108 13F (30d) 21 filings 19 filers