Vault-13

ABRDN NATL MUN INCOME FD

SH BEN INT · CUSIP 24610T108

52 institutional holders -3 vs Q1 2024
3,088,0313.1m shares reported held*
$32.6mreported value*
1 new 13 added 18 reduced 4 sold out net sold ≈ $2.1m (-195.7k 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 ≈ $10.56.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 57Q4 22: 37Q1 23: 44Q2 23: 42Q3 23: 52Q4 23: 59Q1 24: 55Q2 24: 5252Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202257
Q4 202237
Q1 202344
Q2 202342
Q3 202352
Q4 202359
Q1 202455
Q2 202452

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 outQ2 23: 17 bought or addedQ2 23: 19 cut or sold outQ2 23Q3 23: 30 bought or addedQ3 23: 10 cut or sold outQ4 23: 29 bought or addedQ4 23: 24 cut or sold outQ4 23Q1 24: 20 bought or addedQ1 24: 25 cut or sold outQ2 24: 14 bought or addedQ2 24: 22 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022944
Q1 20232010
Q2 20231719
Q3 20233010
Q4 20232924
Q1 20242025
Q2 20241422

Biggest buyers

Allspring Global Investments Holdings, LLC Added +96,630+96.6k
Saba Capital Management, L.P. Added +63,134+63.1k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +20,860+20.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +17,489+17.5k
Thomas J. Herzfeld Advisors, Inc. Added +16,103+16.1k
Fort Point Capital Partners LLC Added +7,265+7.3k
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC Added +7,193+7.2k
OSAIC HOLDINGS, INC. Added +4,277+4.3k
ROYAL BANK OF CANADA Added +2,942+2.9k
Koshinski Asset Management, Inc. Added +2,782+2.8k

Biggest sellers

MORGAN STANLEY Reduced -201,992-202.0k
Almitas Capital LLC Sold out -77,710-77.7k
Sightline Wealth Advisors, LLC Sold out -33,961-34.0k
WOLVERINE ASSET MANAGEMENT LLC Reduced -17,906-17.9k
LPL Financial LLC Sold out -17,423-17.4k
Logan Stone Capital, LLC Reduced -16,269-16.3k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Reduced -16,191-16.2k
WEDBUSH SECURITIES INC Sold out -14,614-14.6k
WELLS FARGO & COMPANY/MN Reduced -14,347-14.3k
VAN ECK ASSOCIATES CORP Reduced -5,982-6.0k

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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MacKay Shields LLC 0.13% of their portfolio New York, NY 401,695401.7k $4.2m $4.2m 0.13% Unchanged
2 Saba Capital Management, L.P. 0.07% of their portfolio NEW YORK, NY 293,400293.4k $3.1m $3.1m 0.07% Added +63.1k +63,134
3 Hennion & Walsh Asset Management, Inc. 0.13% of their portfolio Parsippany, NJ 245,478245.5k $2.6m $2.6m 0.13% Reduced -1.5k -1,513
4 Logan Stone Capital, LLC 0.52% of their portfolio CHICAGO, IL 189,453189.5k $2.0m $2.0m 0.52% Reduced -16.3k -16,269
5 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.09% of their portfolio WEST PALM BEACH, FL 187,326187.3k $2.0m $2.0m 0.09% Unchanged
6 Matisse Capital 0.93% of their portfolio PORTLAND, OR 177,120177.1k $1.9m $1.9m 0.93% Unchanged
7 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 158,647158.6k $1.7m $1.7m 0.00% Added +96.6k +96,630
8 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 126,729126.7k $1.3m $1.3m 0.01% Reduced -3.7k -3,681
9 AQR Arbitrage LLC 0.03% of their portfolio Greenwich, CT 108,928108.9k $1.2m $1.2m 0.03% Reduced -3.4k -3,442
10 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 102,587102.6k $1.1m $1.1m 0.00% Reduced -6.0k -5,982
11 Realta Investment Advisors 0.20% of their portfolio WILMINGTON, DE 95,19295.2k $1.0m $1.0m 0.20% Unchanged
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 87,13987.1k $920.2k $920.2k 0.00% Reduced -202.0k -201,992
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 78,81278.8k $832.3k $832.3k 0.00% Reduced -14.3k -14,347
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 77,37077.4k $817.0k $817.0k 0.00% Added +20.9k +20,860
15 Thomas J. Herzfeld Advisors, Inc. 0.27% of their portfolio MIAMI BEACH, FL 73,06573.1k $771.6k $771.6k 0.27% Added +16.1k +16,103
16 Fort Point Capital Partners LLC 0.10% of their portfolio San Francisco, CA 70,95171.0k $749.2k $749.2k 0.10% Added +7.3k +7,265
17 ROBINSON CAPITAL MANAGEMENT, LLC 0.18% of their portfolio GROSSE POINTE FARMS, MI 47,73747.7k $499.3k $499.3k 0.18% Reduced -100 -100
18 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 46,83346.8k $494.6k $494.6k 0.01% Reduced -17.9k -17,906
19 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 44,50044.5k $469.9k $469.9k 0.01% Reduced -2.5k -2,500
20 Hara Capital LLC 0.26% of their portfolio BELLEVUE, WA 38,20038.2k $403.4k $403.4k 0.26% Unchanged
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 37,73837.7k $399.0k $399.0k 0.00% Added +2.9k +2,942
22 Element Wealth, LLC 0.20% of their portfolio RIDGELAND, MS 33,53533.5k $354.1k $354.1k 0.20% Unchanged
23 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 30,84430.8k $325.7k $325.7k 0.00% Added +2.7k +2,679
24 MELFA WEALTH MANAGEMENT, INC. 0.22% of their portfolio WESTBOROUGH, MA 30,46530.5k $321.7k $321.7k 0.22% Added +13 +13
25 Berger Financial Group, Inc 0.03% of their portfolio PLYMOUTH, MN 29,73829.7k $314.0k $314.0k 0.03% Reduced -4.5k -4,489
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 28,38228.4k $299.7k $299.7k 0.00% Added +4.3k +4,277
27 KINGSWOOD WEALTH ADVISORS, LLC 0.03% of their portfolio SAN DIEGO, CA 27,52527.5k $290.7k $290.7k 0.03% Unchanged
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 26,32326.3k $278.0k $278.0k 0.00% Reduced -2.5k -2,543
29 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 18,00018.0k $190.1k $190.1k 0.00% Unchanged
30 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 17,84017.8k $188.4k $188.4k 0.00% Reduced -182 -182
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 17,48917.5k $184.7k $184.7k 0.00% New
32 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.01% of their portfolio Englewood, NJ 16,59916.6k $175.3k $175.3k 0.01% Reduced -16.2k -16,191
33 Koshinski Asset Management, Inc. 0.02% of their portfolio DECATUR, IL 16,01216.0k $167.0k $167.0k 0.02% Added +2.8k +2,782
34 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 14,57214.6k $154.0k $154.0k 0.00% Added +33 +33
35 OneAscent Financial Services LLC 0.02% of their portfolio BIRMINGHAM, AL 14,00014.0k $148.0k $148.0k 0.02% Unchanged
36 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 13,92313.9k $147.0k $147.0k 0.00% Reduced -4 -4
37 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.03% of their portfolio BLUE BELL, PA 13,79713.8k $145.7k $145.7k 0.03% Added +7.2k +7,193
38 HighMark Wealth Management LLC 0.08% of their portfolio ST. PAUL, MN 12,88012.9k $136.0k $136.0k 0.08% Unchanged
39 Basepoint Wealth LLC 0.09% of their portfolio CEDAR RAPIDS, IA 10,96711.0k $115.8k $115.8k 0.09% Added +44 +44
40 CWM, LLC 0.00% of their portfolio OMAHA, NE 7,2807.3k $77.0k $77.0k 0.00% Unchanged
41 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,6566.7k $70.3k $70.3k 0.00% Unchanged
42 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 5,5975.6k $59.1k $59.1k 0.00% Unchanged
43 COMERICA BANK 0.00% of their portfolio DALLAS, TX 3,6253.6k $38.3k $38.3k 0.00% Unchanged
44 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 1,1771.2k $12.4k $12.4k 0.00% Unchanged
45 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 774774 $8.2k $8.2k 0.00% Reduced -155 -155
46 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 470470 $5.0k $5.0k 0.00% Unchanged
47 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 240240 $2.5k $2.5k 0.00% Unchanged
48 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 174174 $1.8k $1.8k 0.00% Unchanged
49 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 165165 $2.0k $2.0k 0.00% Reduced -2 -2
50 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 8181 $855 $855 0.00% Unchanged
51 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 11 $11 $11 0.00% Reduced -2.1k -2,142
52 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged