ABRDN NATL MUN INCOME FD
SH BEN INT · CUSIP 24610T108
37
institutional holders
-20 vs Q3 2022
1.4m
shares reported held*
$13.9mreported value*
6 new
3 added
17 reduced
27 sold out
net sold ≈ $63.2m (-6.1m shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.29.
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 57 |
| Q4 2022 | 37 |
Biggest buyers
| Berger Financial Group, Inc | New | +47.9k |
| WOLVERINE ASSET MANAGEMENT LLC | New | +13.8k |
| Snowden Capital Advisors LLC | New | +10.5k |
| Private Advisor Group, LLC | New | +10.1k |
| ROBINSON CAPITAL MANAGEMENT, LLC | New | +5.0k |
| Advisory Services Network, LLC | New | +1.7k |
| Sightline Wealth Advisors, LLC | Added | +156 |
| Element Wealth, LLC | Added | +76 |
| Basepoint Wealth LLC | Added | +32 |
Biggest sellers
| Saba Capital Management, L.P. | Sold out | -3.4m |
| SIT INVESTMENT ASSOCIATES INC | Sold out | -455.4k |
| MacKay Shields LLC | Reduced | -394.0k |
| ICON ADVISERS INC/CO | Sold out | -290.4k |
| MORGAN STANLEY | Reduced | -254.5k |
| CLOUGH CAPITAL PARTNERS L P | Sold out | -229.0k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Sold out | -214.9k |
| Karpus Management, Inc. | Sold out | -186.8k |
| Wakefield Asset Management LLLP | Sold out | -159.1k |
| Allspring Global Investments Holdings, LLC | Sold out | -76.2k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: Toronto Dominion Investments, Inc. (0.0%, 2026-06-18), FIRST TRUST PORTFOLIOS LP (4.2%, 2026-04-30)
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| MacKay Shields LLC 0.11% of their portfolio | 423.1k $4.4m | Reduced -394.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 165.1k $1.7m | Reduced -53.0k |
| MORGAN STANLEY 0.00% of their portfolio | 103.7k $1.1m | Reduced -254.5k |
| Realta Investment Advisors 0.24% of their portfolio | 95.2k $987.1k | Unchanged |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 48.3k $501.0k | Reduced -44.2k |
| Berger Financial Group, Inc 0.07% of their portfolio | 47.9k $496.9k | New |
| UBS Group AG 0.00% of their portfolio | 46.8k $485.0k | Reduced -14.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 43.7k $453.0k | Reduced -1.2k |
| Sightline Wealth Advisors, LLC 0.44% of their portfolio | 39.1k $405.1k | Added +156 |
| Element Wealth, LLC 0.29% of their portfolio | 34.8k $360.4k | Added +76 |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 32.6k $338.2k | Reduced -4.1k |
| Wealthspire Retirement, LLC 0.06% of their portfolio | 24.8k $257.7k | Reduced -14.0k |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.10% of their portfolio | 24.8k $257.0k | Unchanged |
| WEDBUSH SECURITIES INC 0.01% of their portfolio | 23.3k $242.0k | Reduced -705 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 21.4k $222.0k | Reduced -3.1k |
| AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio | 20.7k $214.6k | Unchanged |
| GILL CAPITAL PARTNERS, LLC 0.09% of their portfolio | 19.2k $199.0k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 15.0k $155.2k | Reduced -20.3k |
| MELFA WEALTH MANAGEMENT, INC. 0.16% of their portfolio | 14.9k $154.5k | First filing |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 14.2k $147.0k | Reduced -3.3k |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 13.8k $142.9k | New |
| HighMark Wealth Management LLC 0.10% of their portfolio | 12.9k $133.6k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 12.6k $130.5k | Reduced -297 |
| Snowden Capital Advisors LLC 0.00% of their portfolio | 10.5k $109.4k | New |
| Basepoint Wealth LLC 0.09% of their portfolio | 10.2k $105.8k | Added +32 |
| Private Advisor Group, LLC 0.00% of their portfolio | 10.1k $105 | New |
| CWM, LLC 0.00% of their portfolio | 7.5k $78.0k | Reduced -769 |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 5.0k $52.5k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.1k $32.7k | Reduced -14.8k |
| Tradition Wealth Management, LLC 0.00% of their portfolio | 2.5k $26.0k | Reduced -878 |
| Stonebridge Capital Advisors LLC 0.00% of their portfolio | 2.5k $25.8k | Unchanged |
| Advisory Services Network, LLC 0.00% of their portfolio | 1.7k $18.1k | New |
| TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio | 1.2k $12.2k | Unchanged |
| Financial Perspectives, Inc 0.01% of their portfolio | 1.0k $10.5k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 298 $3.1k | Reduced -1.5k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 81 $1.0k | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |