Vault-13

ABRDN NATL MUN INCOME FD

SH BEN INT · CUSIP 24610T108

55 institutional holders -4 vs Q4 2023
3,283,7353.3m shares reported held*
$34.0mreported value*
4 new 16 added 18 reduced 7 sold out net sold ≈ $492.3k (-48.7k 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 ≈ $10.35.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 57Q4 22: 37Q1 23: 44Q2 23: 42Q3 23: 52Q4 23: 59Q1 24: 5555Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202257
Q4 202237
Q1 202344
Q2 202342
Q3 202352
Q4 202359
Q1 202455

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 23Q1 24: 20 bought or addedQ1 24: 25 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022944
Q1 20232010
Q2 20231719
Q3 20233010
Q4 20232924
Q1 20242025

Biggest buyers

MORGAN STANLEY Added +88,805+88.8k
Cetera Investment Advisers New +28,165+28.2k
Fort Point Capital Partners LLC Added +24,824+24.8k
Thomas J. Herzfeld Advisors, Inc. Added +18,186+18.2k
NOMURA HOLDINGS INC New +18,000+18.0k
WELLS FARGO & COMPANY/MN Added +17,231+17.2k
VAN ECK ASSOCIATES CORP Added +14,087+14.1k
KINGSWOOD WEALTH ADVISORS, LLC Added +9,325+9.3k
Capital Investment Advisors, LLC Added +7,250+7.2k
Pathstone Holdings, LLC Added +6,743+6.7k

Biggest sellers

Almitas Capital LLC Reduced -57,063-57.1k
WOLVERINE ASSET MANAGEMENT LLC Reduced -41,821-41.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -36,566-36.6k
Cetera Advisor Networks LLC Sold out -29,166-29.2k
Logan Stone Capital, LLC Reduced -28,305-28.3k
WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV Sold out -24,787-24.8k
HighTower Advisors, LLC Sold out -11,557-11.6k
Koshinski Asset Management, Inc. Reduced -11,500-11.5k
MONETA GROUP INVESTMENT ADVISORS LLC Sold out -10,997-11.0k
WEDBUSH SECURITIES INC Reduced -7,543-7.5k

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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MacKay Shields LLC 0.12% of their portfolio New York, NY 401,695401.7k $4.2m $4.2m 0.12% Unchanged
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 289,131289.1k $3.0m $3.0m 0.00% Added +88.8k +88,805
3 Hennion & Walsh Asset Management, Inc. 0.14% of their portfolio Parsippany, NJ 246,991247.0k $2.6m $2.6m 0.14% Reduced -3.5k -3,494
4 Saba Capital Management, L.P. 0.05% of their portfolio NEW YORK, NY 230,266230.3k $2.4m $2.4m 0.05% Unchanged
5 Logan Stone Capital, LLC 0.46% of their portfolio CHICAGO, IL 205,722205.7k $2.1m $2.1m 0.46% Reduced -28.3k -28,305
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 0.88% of their portfolio PORTLAND, OR 177,120177.1k $1.8m $1.8m 0.88% Unchanged
8 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 130,410130.4k $1.4m $1.4m 0.01% Added +290 +290
9 AQR Arbitrage LLC 0.04% of their portfolio Greenwich, CT 112,370112.4k $1.2m $1.2m 0.04% Unchanged
10 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 108,569108.6k $1.1m $1.1m 0.00% Added +14.1k +14,087
11 Realta Investment Advisors 0.20% of their portfolio WILMINGTON, DE 95,19295.2k $986.2k $986.2k 0.20% Unchanged
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 93,15993.2k $965.1k $965.1k 0.00% Added +17.2k +17,231
13 Almitas Capital LLC 0.33% of their portfolio SANTA MONICA, CA 77,71077.7k $805.1k $805.1k 0.33% Reduced -57.1k -57,063
14 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 64,73964.7k $670.7k $670.7k 0.01% Reduced -41.8k -41,821
15 Fort Point Capital Partners LLC 0.09% of their portfolio San Francisco, CA 63,68663.7k $659.8k $659.8k 0.09% Added +24.8k +24,824
16 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 62,01762.0k $642.5k $642.5k 0.00% Unchanged
17 Thomas J. Herzfeld Advisors, Inc. 0.21% of their portfolio MIAMI BEACH, FL 56,96257.0k $590.1k $590.1k 0.21% Added +18.2k +18,186
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 56,51056.5k $585.4k $585.4k 0.00% Reduced -1.3k -1,337
19 ROBINSON CAPITAL MANAGEMENT, LLC 0.17% of their portfolio GROSSE POINTE FARMS, MI 47,83747.8k $476.9k $476.9k 0.17% Reduced -5.4k -5,442
20 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 47,00047.0k $486.9k $486.9k 0.01% Added +7.2k +7,250
21 Hara Capital LLC 0.24% of their portfolio BELLEVUE, WA 38,20038.2k $395.8k $395.8k 0.24% Reduced -4.4k -4,400
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 34,79634.8k $360.0k $360.0k 0.00% Added +4.4k +4,372
23 Berger Financial Group, Inc 0.03% of their portfolio PLYMOUTH, MN 34,22734.2k $354.6k $354.6k 0.03% Reduced -1.3k -1,291
24 Sightline Wealth Advisors, LLC 0.23% of their portfolio GROTON, CT 33,96134.0k $351.8k $351.8k 0.23% Reduced -2.7k -2,739
25 Element Wealth, LLC 0.20% of their portfolio RIDGELAND, MS 33,53533.5k $347.4k $347.4k 0.20% Unchanged
26 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio Englewood, NJ 32,79032.8k $339.7k $339.7k 0.03% Reduced -4.0k -3,963
27 MELFA WEALTH MANAGEMENT, INC. 0.23% of their portfolio WESTBOROUGH, MA 30,45230.5k $315.5k $315.5k 0.23% Added +191 +191
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 28,86628.9k $299.1k $299.1k 0.00% Reduced -3.1k -3,083
29 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 28,16528.2k $291.8k $291.8k 0.00% New
30 KINGSWOOD WEALTH ADVISORS, LLC 0.03% of their portfolio SAN DIEGO, CA 27,52527.5k $285.2k $285.2k 0.03% Added +9.3k +9,325
31 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 24,10524.1k $249.7k $249.7k 0.00% Added +1.9k +1,914
32 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 18,02218.0k $186.7k $186.7k 0.00% Added +6.7k +6,743
33 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 18,00018.0k $186.5k $186.5k 0.00% New
34 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 17,42317.4k $180.5k $180.5k 0.00% Reduced -1.6k -1,585
35 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 14,61414.6k $151.0k $151.0k 0.01% Reduced -7.5k -7,543
36 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 14,53914.5k $151.0k $151.0k 0.00% Reduced -4.6k -4,561
37 OneAscent Financial Services LLC 0.02% of their portfolio BIRMINGHAM, AL 14,00014.0k $145.0k $145.0k 0.02% Reduced -1.3k -1,311
38 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 13,92713.9k $144.3k $144.3k 0.00% Reduced -1.1k -1,111
39 Koshinski Asset Management, Inc. 0.01% of their portfolio DECATUR, IL 13,23013.2k $137.1k $137.1k 0.01% Reduced -11.5k -11,500
40 HighMark Wealth Management LLC 0.08% of their portfolio ST. PAUL, MN 12,88012.9k $133.4k $133.4k 0.08% Unchanged
41 Basepoint Wealth LLC 0.09% of their portfolio CEDAR RAPIDS, IA 10,92310.9k $113.2k $113.2k 0.09% Added +46 +46
42 CWM, LLC 0.00% of their portfolio OMAHA, NE 7,2807.3k $75.0k $75.0k 0.00% Unchanged
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,6566.7k $69.0k $69.0k 0.00% Added +2.1k +2,075
44 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio BLUE BELL, PA 6,6046.6k $68.4k $68.4k 0.01% Added +6.0k +6,022
45 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 5,5975.6k $58.0k $58.0k 0.00% Unchanged
46 COMERICA BANK 0.00% of their portfolio DALLAS, TX 3,6253.6k $37.6k $37.6k 0.00% Unchanged
47 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2,1432.1k $22.2k $22.2k 0.00% New
48 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 1,1771.2k $12.2k $12.2k 0.00% Unchanged
49 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 929929 $9.6k $9.6k 0.00% Added +155 +155
50 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 470470 $4.9k $4.9k 0.00% Unchanged
51 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 240240 $2.5k $2.5k 0.00% Unchanged
52 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 174174 $1.8k $1.8k 0.00% New
53 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 167167 $2.0k $2.0k 0.00% Reduced -47 -47
54 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 8181 $839 $839 0.00% Unchanged
55 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged