abrdn National Municipal Income Fund (VFL) — Institutional Holders, Q2 2026
54 institutional investment managers reported a VFL position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $46.7M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
VFL in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- PathstoneAdded · +131,828 sh+$1.4M
- RIVERNORTH CAPITAL MANAGEMENTAdded · +92,516 sh+$959.4K
- SIT INVESTMENT ASSOCIATESAdded · +73,337 sh+$760.5K
- Karpus ManagementAdded · +71,818 sh+$744.8K
- ROBINSON CAPITAL MANAGEMENTAdded · +66,149 sh+$686.0K
Biggest sellers
- Logan Stone CapitalSold out · -130,148 sh-$1.3M
- Steward Partners Investment AdvisorySold out · -25,766 sh-$267.2K
- GUGGENHEIM CAPITALTrimmed · -21,382 sh-$221.7K
- GEN Financial ManagementSold out · -13,324 sh-$138.2K
- WELLS FARGO & COMPANYTrimmed · -8,702 sh-$90.2K
VFL 13F holders ranked 1–54 of 54
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | Pathstone#1 · 725,977 sh | 725,977 | $7.5M | 0.02% | +22.2% |
| 2 | MACKAY SHIELDS#2 · 401,695 sh | 401,695 | $4.2M | — | 0.0% |
| 3 | Allspring Global Investments#3 · 353,273 sh | 353,273 | $3.7M | <0.01% | 0.0% |
| 4 | RIVERNORTH CAPITAL MANAGEMENT#4 · 308,511 sh | 308,511 | $3.2M | 0.15% | +42.8% |
| 5 | Hennion & Walsh Asset Management#5 · 268,847 sh | 268,847 | $2.8M | — | -1.6% |
| 6 | MORGAN STANLEY#6 · 241,643 sh | 241,643 | $2.5M | <0.01% | +9.3% |
| 7 | GUGGENHEIM CAPITAL#7 · 221,611 sh | 221,611 | $2.3M | 0.01% | -8.8% |
| 8 | RIVERBRIDGE PARTNERS#8 · 193,519 sh | 193,519 | $2.0M | 0.06% | -0.3% |
| 9 | Matisse Capital#9 · 174,693 sh | 174,693 | $1.8M | 0.73% | 0.0% |
| 10 | SIT INVESTMENT ASSOCIATES#10 · 173,782 sh | 173,782 | $1.8M | 0.03% | +73.0% |
| 11 | Closed-End Fund Advisors#11 · 158,424 sh | 158,424 | $1.6M | 1.60% | +3.1% |
| 12 | ROBINSON CAPITAL MANAGEMENT#12 · 122,991 sh | 122,991 | $1.4M | 0.62% | +116.4% |
| 13 | VAN ECK ASSOCIATES#13 · 118,409 sh | 118,409 | $1.2M | <0.01% | +1.3% |
| 14 | Karpus Management#14 · 114,275 sh | 114,275 | $1.2M | 0.03% | +169.2% |
| 15 | Realta Investment Advisors#15 · 95,192 sh | 95,192 | $987.1K | — | 0.0% |
| 16 | Noble Wealth Management PBC#16 · 89,750 sh | 89,750 | $930.7K | — | +10.3% |
| 17 | WELLS FARGO & COMPANY#17 · 86,452 sh | 86,452 | $896.5K | <0.01% | -9.1% |
| 18 | LPL Financial#18 · 69,358 sh | 69,358 | $719.2K | <0.01% | +158.7% |
| 19 | BLUE BELL PRIVATE WEALTH MANAGEMENT#19 · 48,319 sh | 48,319 | $501.1K | 0.06% | -2.8% |
| 20 | ROYAL BANK OF CANADA#20 · 39,121 sh | 39,121 | $406.0K | <0.01% | +1.1% |
| 21 | Capital Investment Advisors#21 · 38,354 sh | 38,354 | $397.7K | — | -7.3% |
| 22 | Almitas Capital#22 · 37,221 sh | 37,221 | $386.0K | 0.09% | New |
| 23 | NewEdge Advisors#23 · 33,869 sh | 33,869 | $351.2K | <0.01% | +36.5% |
| 24 | MELFA WEALTH MANAGEMENT#24 · 27,210 sh | 27,210 | $282.2K | 0.15% | 0.0% |
| 25 | Whipplewood Advisors#25 · 25,961 sh | 25,961 | $269.2K | — | +4.2% |
| 26 | Hara Capital#26 · 24,600 sh | 24,600 | $255.7K | 0.13% | 0.0% |
| 27 | Bank of New York Mellon#27 · 23,622 sh | 23,622 | $245.0K | 0.00% | 0.0% |
| 28 | WEALTH ENHANCEMENT ADVISORY SERVICES#28 · 23,687 sh | 23,687 | $244.2K | — | 0.0% |
| 29 | WILEY BROS.-AINTREE CAPITAL#29 · 22,117 sh | 22,117 | $229.4K | <0.01% | -8.5% |
| 30 | Element Wealth#30 · 21,020 sh | 21,020 | $218.0K | 0.08% | -8.7% |
| 31 | Berger Financial Group#31 · 19,443 sh | 19,443 | $201.6K | 0.01% | +0.4% |
| 32 | OSAIC#32 · 16,589 sh | 16,589 | $172.0K | <0.01% | +34.8% |
| 33 | Koshinski Asset Management#33 · 16,012 sh | 16,012 | $166.0K | <0.01% | 0.0% |
| 34 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#34 · 14,757 sh | 14,757 | $153.0K | 0.00% | -12.3% |
| 35 | OneAscent Financial Services#35 · 14,000 sh | 14,000 | $145.2K | <0.01% | 0.0% |
| 36 | HighMark Wealth Management#36 · 12,880 sh | 12,880 | $133.6K | 0.04% | 0.0% |
| 37 | Sightline Wealth Advisors#37 · 11,922 sh | 11,922 | $123.6K | — | +1.1% |
| 38 | ABSOLUTE INVESTMENT ADVISERS#38 · 11,856 sh | 11,856 | $122.9K | — | New |
| 39 | River Street Advisors#39 · 11,845 sh | 11,845 | $122.8K | — | 0.0% |
| 40 | Ackerman Capital Advisors#40 · 11,694 sh | 11,694 | $121.3K | 0.02% | -23.9% |
| 41 | RMB Capital Management#41 · 10,822 sh | 10,822 | $112.5K | <0.01% | 0.0% |
| 42 | Traub Capital Management#42 · 10,412 sh | 10,412 | $108.0K | 0.10% | -14.8% |
| 43 | UBS Group AG#43 · 10,272 sh | 10,272 | $106.5K | 0.00% | 0.0% |
| 44 | Financial Gravity Companies, (FGCO)#44 · 8,103 sh | 8,103 | $84.0K | 0.01% | — |
| 45 | MRP Capital Investments#45 · 8,000 sh | 8,000 | $83.0K | 0.06% | 0.0% |
| 46 | Basepoint Wealth#46 · 6,136 sh | 6,136 | $63.6K | 0.04% | -48.4% |
| 47 | GILL CAPITAL PARTNERS#47 · 5,102 sh | 5,102 | $52.9K | — | +100.0% |
| 48 | Rockefeller Capital Management L.P.#48 · 5,000 sh | 5,000 | $51.9K | <0.01% | New |
| 49 | FIFTH THIRD BANCORP#49 · 3,625 sh | 3,625 | $37.6K | <0.01% | 0.0% |
| 50 | Clear Street Group#50 · 1,884 sh | 1,884 | $19.5K | 0.00% | New |
| 51 | BAYBAN#51 · 565 sh | 565 | $5.9K | <0.01% | 0.0% |
| 52 | ROTHSCHILD INVESTMENT#52 · 470 sh | 470 | $4.9K | <0.01% | 0.0% |
| 53 | Bullock Wealth Management Group#53 · 117 sh | 117 | $1.2K | — | +0.9% |
| 54 | JONES FINANCIAL COMPANIES LLLP#54 · 1 sh | 1 | $10.00 | 0.00% | New |
Funds that sold out of VFL in Q2 2026 (6)
Held VFL at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| Logan Stone Capital130,148 sh | 130,148 | $1.3M |
| Steward Partners Investment Advisory25,766 sh | 25,766 | $256.6K |
| GEN Financial Management13,324 sh | 13,324 | $132.7K |
| Advisory Services Network1,742 sh | 1,742 | $17.4K |
| Western Wealth Management774 sh | 774 | $7.7K |
| Signature Equity Partners273 sh | 273 | $2.7K |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.