# ABRDN NATL MUN INCOME FD (VFL)

> Institutional ownership reported to the SEC as of Q2 2026, from Form 13F filings. Source: https://holderbook.com/stocks/VFL/

- Reporting holders: 55
- Reported value: $46.7M
- Held through calls: 0.0%
- Held through puts: 0.0%

A 13F reports long US equity positions only. Shorts, bonds, foreign listings and cash are not visible here, and positions are disclosed up to 45 days after the quarter ends.

## Largest holders

| Manager | Value | Shares | Share of their book | Quarters held |
|---|---|---|---|---|
| [Pathstone Holdings, LLC](https://holderbook.com/funds/2011612-pathstone-holdings-llc/) | $7.5M | 725,977 | 0.0% | 11 |
| [MacKay Shields LLC](https://holderbook.com/funds/61227-mackay-shields-llc/) | $4.2M | 401,695 | 0.1% | 31 |
| [Allspring Global Investments Holdings, LLC](https://holderbook.com/funds/1890906-allspring-global-investments-holdings-llc/) | $3.7M | 353,273 | 0.0% | 11 |
| [RIVERNORTH CAPITAL MANAGEMENT, LLC](https://holderbook.com/funds/1447578-rivernorth-capital-management-llc/) | $3.2M | 308,511 | 0.2% | 12 |
| [Hennion & Walsh Asset Management, Inc.](https://holderbook.com/funds/1861642-hennion-walsh-asset-management-inc/) | $2.8M | 268,847 | 0.1% | 12 |
| [MORGAN STANLEY](https://holderbook.com/funds/895421-morgan-stanley/) | $2.5M | 241,643 | 0.0% | 35 |
| [GUGGENHEIM CAPITAL LLC](https://holderbook.com/funds/1283072-guggenheim-capital-llc/) | $2.3M | 221,611 | 0.0% | 14 |
| [RIVERBRIDGE PARTNERS LLC](https://holderbook.com/funds/1112325-riverbridge-partners-llc/) | $2.0M | 193,519 | 0.1% | 8 |
| [Matisse Capital](https://holderbook.com/funds/1668256-matisse-capital/) | $1.8M | 174,693 | 0.7% | 13 |
| [SIT INVESTMENT ASSOCIATES INC](https://holderbook.com/funds/769317-sit-investment-associates-inc/) | $1.8M | 173,782 | 0.0% | 3 |
| [Closed-End Fund Advisors, Inc.](https://holderbook.com/funds/2103520-closed-end-fund-advisors-inc/) | $1.6M | 158,424 | 1.6% | 3 |
| [ROBINSON CAPITAL MANAGEMENT, LLC](https://holderbook.com/funds/1599795-robinson-capital-management-llc/) | $1.4M | 122,991 | 0.6% | 2 |
| [VAN ECK ASSOCIATES CORP](https://holderbook.com/funds/869178-van-eck-associates-corp/) | $1.2M | 118,409 | 0.0% | 19 |
| [Karpus Management, Inc.](https://holderbook.com/funds/1048703-karpus-management-inc/) | $1.2M | 114,275 | 0.0% | 2 |
| [Realta Investment Advisors](https://holderbook.com/funds/1776792-realta-investment-advisors/) | $987.1K | 95,192 | 0.3% | 30 |
| [Noble Wealth Management PBC](https://holderbook.com/funds/2055065-noble-wealth-management-pbc/) | $930.7K | 89,750 | 0.4% | 6 |
| [WELLS FARGO & COMPANY/MN](https://holderbook.com/funds/72971-wells-fargo-company-mn/) | $896.5K | 86,452 | 0.0% | 31 |
| [LPL Financial LLC](https://holderbook.com/funds/1403438-lpl-financial-llc/) | $719.2K | 69,358 | 0.0% | 8 |
| [BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC](https://holderbook.com/funds/1352860-blue-bell-private-wealth-management-llc/) | $501.1K | 48,319 | 0.1% | 11 |
| [ROYAL BANK OF CANADA](https://holderbook.com/funds/1000275-royal-bank-of-canada/) | $406.0K | 39,121 | 0.0% | 31 |
| [Capital Investment Advisors, LLC](https://holderbook.com/funds/1582732-capital-investment-advisors-llc/) | $397.7K | 38,354 | 0.0% | 13 |
| [Almitas Capital LLC](https://holderbook.com/funds/1596468-almitas-capital-llc/) | $386.0K | 37,221 | 0.1% | 1 |
| [NewEdge Advisors, LLC](https://holderbook.com/funds/1633516-newedge-advisors-llc/) | $351.2K | 33,869 | 0.0% | 4 |
| [MELFA WEALTH MANAGEMENT, INC.](https://holderbook.com/funds/1962465-melfa-wealth-management-inc/) | $282.2K | 27,210 | 0.2% | 15 |
| [Whipplewood Advisors, LLC](https://holderbook.com/funds/2052510-whipplewood-advisors-llc/) | $269.2K | 25,961 | 0.2% | 7 |

## Quarter by quarter

| Quarter | Holders | Reported value |
|---|---|---|
| Q2 2026 | 55 | $46.7M |
| Q1 2026 | 55 | $42.1M |
| Q4 2025 | 55 | $39.2M |
| Q3 2025 | 52 | $32.4M |
| Q2 2025 | 52 | $28.6M |
| Q1 2025 | 48 | $29.0M |
| Q4 2024 | 59 | $31.6M |
| Q3 2024 | 51 | $31.2M |
| Q2 2024 | 52 | $32.6M |
| Q1 2024 | 55 | $34.0M |
| Q4 2023 | 58 | $34.0M |
| Q3 2023 | 51 | $22.8M |