Vault-13

ABRDN NATL MUN INCOME FD

SH BEN INT · CUSIP 24610T108

59 institutional holders +7 vs Q3 2023
3,332,7733.3m shares reported held*
$34.0mreported value*
11 new 18 added 16 reduced 8 sold out net bought ≈ $6.5m (+638.1k 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 ≈ $10.21.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 57Q4 22: 37Q1 23: 44Q2 23: 42Q3 23: 52Q4 23: 5959Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202257
Q4 202237
Q1 202344
Q2 202342
Q3 202352
Q4 202359

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q4 22: 9 bought or addedQ4 22: 44 cut or sold outQ4 22Q1 23: 20 bought or addedQ1 23: 10 cut or sold outQ1 23Q2 23: 17 bought or addedQ2 23: 19 cut or sold outQ2 23Q3 23: 30 bought or addedQ3 23: 10 cut or sold outQ3 23Q4 23: 29 bought or addedQ4 23: 24 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022944
Q1 20232010
Q2 20231719
Q3 20233010
Q4 20232924

Biggest buyers

Logan Stone Capital, LLC Added +149,256+149.3k
Hennion & Walsh Asset Management, Inc. Added +93,155+93.2k
Allspring Global Investments Holdings, LLC New +62,017+62.0k
Saba Capital Management, L.P. Added +60,663+60.7k
MORGAN STANLEY Added +57,200+57.2k
ROBINSON CAPITAL MANAGEMENT, LLC New +53,279+53.3k
Fort Point Capital Partners LLC New +38,862+38.9k
Thomas J. Herzfeld Advisors, Inc. New +38,776+38.8k
Matisse Capital Added +28,700+28.7k
Almitas Capital LLC Added +26,772+26.8k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -48,916-48.9k
GILL CAPITAL PARTNERS, LLC Sold out -19,189-19.2k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Sold out -12,576-12.6k
RAYMOND JAMES & ASSOCIATES Sold out -10,008-10.0k
UBS Group AG Reduced -6,675-6.7k
OSAIC HOLDINGS, INC. Reduced -5,900-5.9k
Berger Financial Group, Inc Reduced -5,227-5.2k
HighTower Advisors, LLC Reduced -4,044-4.0k
Sightline Wealth Advisors, LLC Reduced -3,048-3.0k
Stonebridge Capital Advisors LLC Sold out -2,490-2.5k

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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MacKay Shields LLC 0.12% of their portfolio New York, NY 401,695401.7k $4.1m $4.1m 0.12% Unchanged
2 Hennion & Walsh Asset Management, Inc. 0.15% of their portfolio Parsippany, NJ 250,485250.5k $2.6m $2.6m 0.15% Added +93.2k +93,155
3 Logan Stone Capital, LLC 0.48% of their portfolio CHICAGO, IL 234,027234.0k $2.4m $2.4m 0.48% Added +149.3k +149,256
4 Saba Capital Management, L.P. 0.06% of their portfolio NEW YORK, NY 230,266230.3k $2.4m $2.4m 0.06% Added +60.7k +60,663
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 200,326200.3k $2.0m $2.0m 0.00% Added +57.2k +57,200
6 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.09% of their portfolio WEST PALM BEACH, FL 187,326187.3k $1.9m $1.9m 0.09% Unchanged
7 Matisse Capital 0.96% of their portfolio PORTLAND, OR 177,120177.1k $1.8m $1.8m 0.96% Added +28.7k +28,700
8 Almitas Capital LLC 0.47% of their portfolio SANTA MONICA, CA 134,773134.8k $1.4m $1.4m 0.47% Added +26.8k +26,772
9 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 130,120130.1k $1.3m $1.3m 0.01% Reduced -2.1k -2,124
10 AQR Arbitrage LLC 0.05% of their portfolio Greenwich, CT 112,370112.4k $1.1m $1.1m 0.05% Added +11.8k +11,791
11 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 106,560106.6k $1.1m $1.1m 0.02% Added +15.1k +15,135
12 Realta Investment Advisors 0.22% of their portfolio WILMINGTON, DE 95,19295.2k $971.9k $971.9k 0.22% Unchanged
13 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 94,48294.5k $965.0k $965.0k 0.00% Added +12.2k +12,250
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 75,92875.9k $775.2k $775.2k 0.00% Reduced -48.9k -48,916
15 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 62,01762.0k $633.2k $633.2k 0.00% New
16 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 57,84757.8k $590.6k $590.6k 0.00% Added +5.3k +5,318
17 ROBINSON CAPITAL MANAGEMENT, LLC 0.19% of their portfolio GROSSE POINTE FARMS, MI 53,27953.3k $542.4k $542.4k 0.19% New
18 Hara Capital LLC 0.31% of their portfolio BELLEVUE, WA 42,60042.6k $434.9k $434.9k 0.31% First filing
19 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 39,75039.8k $405.8k $405.8k 0.01% Added +6.0k +6,000
20 Fort Point Capital Partners LLC 0.06% of their portfolio San Francisco, CA 38,86238.9k $396.8k $396.8k 0.06% New
21 Thomas J. Herzfeld Advisors, Inc. 0.15% of their portfolio MIAMI BEACH, FL 38,77638.8k $395.9k $395.9k 0.15% New
22 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio Englewood, NJ 36,75336.8k $375.2k $375.2k 0.03% Added +19.1k +19,113
23 Sightline Wealth Advisors, LLC 0.28% of their portfolio GROTON, CT 36,70036.7k $374.7k $374.7k 0.28% Reduced -3.0k -3,048
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 36,56636.6k $373.3k $373.3k 0.00% Added +22.0k +22,047
25 Berger Financial Group, Inc 0.04% of their portfolio PLYMOUTH, MN 35,51835.5k $362.6k $362.6k 0.04% Reduced -5.2k -5,227
26 Element Wealth, LLC 0.21% of their portfolio RIDGELAND, MS 33,53533.5k $342.4k $342.4k 0.21% Reduced -1.2k -1,220
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 31,94931.9k $326.2k $326.2k 0.00% Reduced -6.7k -6,675
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 30,42430.4k $311.0k $311.0k 0.00% Reduced -1.7k -1,694
29 MELFA WEALTH MANAGEMENT, INC. 0.29% of their portfolio WESTBOROUGH, MA 30,26130.3k $309.0k $309.0k 0.29% Added +4.8k +4,839
30 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 29,16629.2k $297.8k $297.8k 0.00% Reduced -2.5k -2,476
31 WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.09% of their portfolio SOUTH BEND, IN 24,78724.8k $253.1k $253.1k 0.09% Unchanged
32 Koshinski Asset Management, Inc. 0.04% of their portfolio DECATUR, IL 24,73024.7k $252.5k $252.5k 0.04% Added +8.7k +8,718
33 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 22,19122.2k $226.6k $226.6k 0.00% Reduced -5.9k -5,900
34 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 22,15722.2k $226.0k $226.0k 0.01% Reduced -737 -737
35 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 19,10019.1k $195.0k $195.0k 0.00% Reduced -2.5k -2,481
36 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 19,00819.0k $194.1k $194.1k 0.00% Added +1.6k +1,588
37 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 18,20018.2k $185.8k $185.8k 0.02% New
38 OneAscent Financial Services LLC 0.02% of their portfolio BIRMINGHAM, AL 15,31115.3k $156.0k $156.0k 0.02% New
39 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 15,03815.0k $153.5k $153.5k 0.00% New
40 HighMark Wealth Management LLC 0.10% of their portfolio ST. PAUL, MN 12,88012.9k $131.5k $131.5k 0.10% Unchanged
41 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,55711.6k $106.0k $106.0k 0.00% Reduced -4.0k -4,044
42 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 11,27911.3k $115.2k $115.2k 0.00% First filing
43 MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio ST LOUIS, MO 10,99711.0k $112.3k $112.3k 0.00% Added +837 +837
44 Basepoint Wealth LLC 0.09% of their portfolio CEDAR RAPIDS, IA 10,87710.9k $111.1k $111.1k 0.09% Added +586 +586
45 CWM, LLC 0.00% of their portfolio OMAHA, NE 7,2807.3k $74.0k $74.0k 0.00% Reduced -249 -249
46 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 5,5975.6k $57.1k $57.1k 0.00% First filing
47 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,5814.6k $46.8k $46.8k 0.00% New
48 COMERICA BANK 0.00% of their portfolio DALLAS, TX 3,6253.6k $37.0k $37.0k 0.00% Unchanged
49 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,3243.3k $33.9k $33.9k 0.00% Reduced -723 -723
50 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 1,7421.7k $17.8k $17.8k 0.00% New
51 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 1,1771.2k $12.0k $12.0k 0.00% Unchanged
52 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 774774 $7.9k $7.9k 0.00% Reduced -333 -333
53 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 582582 $5.9k $5.9k 0.00% New
54 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 470470 $4.8k $4.8k 0.00% First filing
55 Mariner Managed Account Solutions, LLC 0.00% of their portfolio Boston, MA 301301 $3.1k $3.1k 0.00% New
56 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 240240 $2.5k $2.5k 0.00% Unchanged
57 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 214214 $2.0k $2.0k 0.00% Reduced -86 -86
58 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 8181 $827 $827 0.00% Unchanged
59 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged