ABRDN NATL MUN INCOME FD
SH BEN INT · CUSIP 24610T108
42
institutional holders
-2 vs Q1 2023
1.7m
shares reported held*
$17.2mreported value*
7 new
10 added
10 reduced
9 sold out
net bought ≈ $1.4m (+141.7k 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 ≈ $10.05.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 57 |
| Q4 2022 | 37 |
| Q1 2023 | 44 |
| Q2 2023 | 42 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 9 | 44 |
| Q1 2023 | 20 | 10 |
| Q2 2023 | 17 | 19 |
Biggest buyers
| Matisse Capital | New | +82.0k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +48.9k |
| AQR Arbitrage LLC | Added | +20.6k |
| MORGAN STANLEY | Added | +18.7k |
| ROBINSON CAPITAL MANAGEMENT, LLC | Added | +16.6k |
| Capital Investment Advisors, LLC | New | +14.8k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | New | +14.5k |
| MONETA GROUP INVESTMENT ADVISORS LLC | New | +10.1k |
| NOMURA HOLDINGS INC | New | +10.0k |
| VAN ECK ASSOCIATES CORP | Added | +4.3k |
Biggest sellers
| WELLS FARGO & COMPANY/MN | Reduced | -23.2k |
| MacKay Shields LLC | Reduced | -21.4k |
| ROYAL BANK OF CANADA | Reduced | -15.1k |
| RAYMOND JAMES & ASSOCIATES | Sold out | -14.7k |
| Wealthspire Retirement, LLC | Sold out | -13.3k |
| UBS Group AG | Reduced | -7.1k |
| JONES FINANCIAL COMPANIES LLLP | Sold out | -3.3k |
| Berger Financial Group, Inc | Reduced | -2.0k |
| Advisory Services Network, LLC | Sold out | -1.7k |
| JPMORGAN CHASE & CO | Sold out | -1.4k |
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, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| MacKay Shields LLC 0.11% of their portfolio | 401.7k $4.0m | Reduced -21.4k |
| MORGAN STANLEY 0.00% of their portfolio | 138.7k $1.4m | Added +18.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 134.4k $1.3m | Reduced -23.2k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 131.8k $1.3m | Added +3.5k |
| Realta Investment Advisors 0.21% of their portfolio | 95.2k $955.7k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 87.6k $879.7k | Added +48.9k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 84.2k $846.0k | Added +4.3k |
| Matisse Capital 0.51% of their portfolio | 82.0k $823.6k | New |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.20% of their portfolio | 44.5k $445.9k | Added +16.6k |
| Berger Financial Group, Inc 0.05% of their portfolio | 44.0k $441.7k | Reduced -2.0k |
| UBS Group AG 0.00% of their portfolio | 39.4k $396.0k | Reduced -7.1k |
| Sightline Wealth Advisors, LLC 0.42% of their portfolio | 39.3k $419.4k | Unchanged |
| Element Wealth, LLC 0.24% of their portfolio | 34.8k $348.9k | Reduced -1 |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 32.6k $327.0k | Reduced -48 |
| AQR Arbitrage LLC 0.01% of their portfolio | 30.8k $309.1k | Added +20.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 28.4k $285.0k | Reduced -15.1k |
| MELFA WEALTH MANAGEMENT, INC. 0.26% of their portfolio | 25.3k $254.2k | Added +125 |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.09% of their portfolio | 24.8k $248.9k | Unchanged |
| WEDBUSH SECURITIES INC 0.01% of their portfolio | 24.5k $246.0k | Reduced -183 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 21.5k $216.0k | Reduced -679 |
| GILL CAPITAL PARTNERS, LLC 0.08% of their portfolio | 19.2k $192.7k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 17.3k $173.8k | Added +2.8k |
| LPL Financial LLC 0.00% of their portfolio | 16.7k $167.7k | Added +1 |
| Capital Investment Advisors, LLC 0.00% of their portfolio | 14.8k $148.1k | New |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio | 14.5k $145.5k | New |
| HighMark Wealth Management LLC 0.10% of their portfolio | 12.9k $129.3k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 12.4k $124.5k | Reduced -62 |
| Snowden Capital Advisors LLC 0.00% of their portfolio | 10.5k $105.9k | Unchanged |
| Basepoint Wealth LLC 0.09% of their portfolio | 10.3k $103.0k | Added +31 |
| MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio | 10.1k $101.0k | New |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 10.0k $100.4k | New |
| CWM, LLC 0.00% of their portfolio | 7.5k $76.0k | Unchanged |
| Stonebridge Capital Advisors LLC 0.00% of their portfolio | 2.5k $25.0k | Unchanged |
| Tradition Wealth Management, LLC 0.00% of their portfolio | 1.2k $13.0k | Unchanged |
| TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio | 1.2k $11.8k | Unchanged |
| GPS Wealth Strategies Group, LLC 0.00% of their portfolio | 1.1k $11.1k | Unchanged |
| Financial Perspectives, Inc 0.00% of their portfolio | 1.0k $10.2k | Unchanged |
| MassMutual Private Wealth & Trust, FSB 0.00% of their portfolio | 475 $4.8k | New |
| Global Retirement Partners, LLC 0.00% of their portfolio | 240 $2.4k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 81 $816 | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 23 $231 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |