Who Owns abrdn National Municipal Income Fund (VFL)?Hedge Fund & Institutional Holders

$10.09+0.02 (+0.20%)Financial ServicesAMEX

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$4.1254000362824774e+126T

% of Float Held

—

QoQ Change in Holders

+15 / -5

Price History

$9.32$9.83$10.33$10.83$11.33Sep 24Jun 25Mar 26

VFL — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
MACKAY SHIELDS LLCNew Position+402K+$4.1M
Allspring Global Investments Holdings, LLCNew Position+353K+$3.6M
Hennion & Walsh Asset Management, Inc.New Position+241K+$2.5M
Matisse CapitalNew Position+175K+$1.8M
Closed-End Fund Advisors, Inc.New Position+141K+$1.4M
Noble Wealth Management PBCNew Position+126K+$1.3M
Realta Investment AdvisorsNew Position+95K+$977K
WEALTH ENHANCEMENT ADVISORY SERVICES, LLCNew Position+60K+$608K
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLCNew Position+51K+$520K
Capital Investment Advisors, LLCNew Position+42K+$432K
MELFA WEALTH MANAGEMENT, INC.New Position+27K+$279K
Whipplewood Advisors, LLCNew Position+25K+$255K
Hara Capital LLCNew Position+25K+$253K
Element Wealth, LLCNew Position+23K+$236K
Prime Capital Investment Advisors, LLCNew Position+17K+$176K

VFL — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
GUGGENHEIM CAPITAL LLCDecreased-9K-$2.7B
MORGAN STANLEYDecreased-8K-$2.3B
Saba Capital Management, L.P.Decreased-45K-$1.3B
Basepoint Wealth LLCDecreased-71K-$932.4M
Steward Partners Investment Advisory, LLCDecreased-69-$307.5M
Cetera Investment AdvisersClosed Position-22K-$224.1M
Berger Financial Group, IncDecreased-2K-$217.8M
NewEdge Advisors, LLCDecreased-2K-$201.6M
OSAIC HOLDINGS, INC.Decreased-4K-$150.0M
Williams Jones Wealth Management, LLC.Closed Position-13K-$130.4M
UBS Group AGDecreased-2K-$124.3M
PRINCIPAL SECURITIES, INC.Closed Position-4K-$36.9M
Advisory Services Network, LLCClosed Position-2K-$17.9M
BANK OF AMERICA CORP /DE/Closed Position-198-$2.0M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1MACKAY SHIELDS LLC401,695$4.1M0.14%Share
2Pathstone Holdings, LLC418,244$4.0M0.02%Share
3Allspring Global Investments Holdings, LLC353,273$3.6M0.01%Share
4Hennion & Walsh Asset Management, Inc.241,251$2.5M0.09%Share
5MORGAN STANLEY221,437$2.0M0.00%Share
6GUGGENHEIM CAPITAL LLC246,753$2.0M0.01%Share
7RIVERNORTH CAPITAL MANAGEMENT, LLC178,854$1.8M0.09%Share
8RIVERBRIDGE PARTNERS LLC175,152$1.8M0.03%Share
9Matisse Capital174,693$1.8M0.80%Share
10Closed-End Fund Advisors, Inc.140,906$1.4M0.85%Share
11Logan Stone Capital, LLC113,485$1.2M0.29%Share
12VAN ECK ASSOCIATES CORP103,644$1.0M0.00%Share
13Realta Investment Advisors95,192$977K0.32%Share
14Saba Capital Management, L.P.85,645$879K0.03%Share
15Noble Wealth Management PBC63,832$655K0.33%Share
16Noble Wealth Management PBC62,125$637K0.34%Share
17WEALTH ENHANCEMENT ADVISORY SERVICES, LLC59,705$608K0.00%Share
18BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC50,657$520K0.08%Share
19Capital Investment Advisors, LLC42,089$432K0.01%Share
20Thomas J. Herzfeld Advisors, Inc.35,909$368K0.12%Share
21MELFA WEALTH MANAGEMENT, INC.27,210$279K0.16%Share
22Whipplewood Advisors, LLC24,917$255K0.16%Share
23Hara Capital LLC24,600$253K0.14%Share
24Element Wealth, LLC23,020$236K0.10%Share
25Berger Financial Group, Inc19,242$197K0.01%Share
26Prime Capital Investment Advisors, LLC17,143$176K0.00%Share
27Koshinski Asset Management, Inc.16,012$164K0.01%Share
28Sightline Wealth Advisors, LLC15,161$155K0.07%Share
29PFG Investments, LLC15,000$154K0.01%Share
30GEN Financial Management, INC.13,324$136K0.09%Share
31HighMark Wealth Management LLC12,880$132K0.05%Share
32Traub Capital Management LLC12,218$125K0.12%Share
33River Street Advisors LLC11,845$121K0.05%Share
34Basepoint Wealth LLC11,668$119K0.07%Share
35UBS Group AG10,575$108K0.00%Share
36CWM, LLC8,752$90K0.00%Share
37Financial Gravity Asset Management, Inc.8,103$83K0.02%Share
38MRP Capital Investments, LLC8,000$82K0.07%Share
39COMERICA BANK3,625$37K0.00%Share
40Signature Equity Partners, LLC273$2K0.00%Share
41LPL Financial LLC26,773$00.00%Share
42ROYAL BANK OF CANADA34,064$00.00%Share
43OSAIC HOLDINGS, INC.10,998$00.00%Share
44SIT INVESTMENT ASSOCIATES INC51,007$00.00%Share
45WELLS FARGO & COMPANY/MN6,741$00.00%Share
46WELLS FARGO & COMPANY/MN72,269$00.00%Share
47NewEdge Advisors, LLC17,800$00.00%Share
48Global Retirement Partners, LLC240$00.00%Share
49ROYAL BANK OF CANADA105$00.00%Share
50&PARTNERS24,053$00.00%Share

VFL Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 202553$35.3M+23
Q3 202530$16.4B-13
Q2 202543$22.8B-4
Q1 202547$28.3B-1
Q4 202448$3.7T+12
Q3 202436$15.8T-2
Q2 202438$17.4T+1
Q1 202437$16.5T—

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As of Q4 2025, 50 institutional investors hold VFL (abrdn National Municipal Income Fund). The largest holder is MACKAY SHIELDS LLC with $4.1M in shares. This quarter, 15 institutions opened new positions and 5 closed their positions.

Frequently Asked Questions

How many hedge funds own VFL?

As of Q4 2025, 50 institutional investors report holding VFL (abrdn National Municipal Income Fund) in their 13F filings.

Who is the largest institutional holder of VFL?

The largest institutional holder of VFL is MACKAY SHIELDS LLC with $4.1M in shares.

Is institutional ownership of VFL increasing or decreasing?

This quarter, 15 institutions opened new positions in VFL and 5 closed their positions.