| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| FIRST TRUST PORTFOLIOS LP | 5.1% | $6,129,219 | 629,930 | First Trust Portfolios L.P. | 31 Dec 2024 |
As of 31 Dec 2025, 53 institutional investors reported holding 3,817,949 shares of abrdn National Municipal Income Fund - Common (VFL). This represents 31% of the company’s total 12,279,337 outstanding shares.
The largest institutional shareholders of abrdn National Municipal Income Fund - Common (VFL) together control 28% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Pathstone Holdings, LLC | 3.4% | 419,411 | +87% | 0.02% | $4,307,348 |
| MACKAY SHIELDS LLC | 3.3% | 401,695 | 0% | 0.14% | $4,125,408 |
| Allspring Global Investments Holdings, LLC | 2.9% | 353,273 | 0% | 0.01% | $3,628,114 |
| GUGGENHEIM CAPITAL LLC | 2.1% | 253,077 | -3.4% | 0.02% | $2,599,100 |
| Hennion & Walsh Asset Management, Inc. | 2% | 241,251 | +104% | 0.09% | $2,477,648 |
| MORGAN STANLEY | 1.8% | 221,437 | -3.4% | 0% | $2,274,158 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 1.5% | 178,854 | +79% | 0.09% | $1,836,831 |
| RIVERBRIDGE PARTNERS LLC | 1.4% | 175,152 | +44% | 0.03% | $1,798,808 |
| Matisse Capital | 1.4% | 174,693 | +2.8% | 0.8% | $1,794,097 |
| Closed-End Fund Advisors, Inc. | 1.1% | 140,906 | 0% | 0.85% | $1,447,105 |
| Logan Stone Capital, LLC | 0.92% | 113,485 | +30% | 0.29% | $1,165,491 |
| VAN ECK ASSOCIATES CORP | 0.84% | 103,644 | +14% | 0% | $1,064,000 |
| Realta Investment Advisors | 0.78% | 95,192 | 0% | 0.32% | $977,622 |
| Saba Capital Management, L.P. | 0.7% | 85,645 | -34% | 0.03% | $879,574 |
| WELLS FARGO & COMPANY/MN | 0.64% | 79,010 | +7.1% | 0% | $811,431 |
| Noble Wealth Management PBC | 0.52% | 63,832 | +2.7% | 0.33% | $655,555 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 0.49% | 59,705 | +3.2% | 0% | $608,394 |
| SIT INVESTMENT ASSOCIATES INC | 0.42% | 51,007 | 0.01% | $524,000 | |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 0.41% | 50,657 | -0.69% | 0.08% | $520,247 |
| Capital Investment Advisors, LLC | 0.34% | 42,089 | 0% | 0.01% | $432,254 |
| Thomas J. Herzfeld Advisors, Inc. | 0.29% | 35,909 | +36% | 0.12% | $368,785 |
| ROYAL BANK OF CANADA | 0.28% | 34,169 | +1.9% | 0% | $351,000 |
| Steward Partners Investment Advisory, LLC | 0.24% | 29,901 | -0.23% | 0% | $307,083 |
| MELFA WEALTH MANAGEMENT, INC. | 0.22% | 27,210 | -9.5% | 0.16% | $279,451 |
| LPL Financial LLC | 0.22% | 26,773 | +29% | 0% | $274,959 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 3,817,949 | $39,207,281 | +$5,327,108 | $10.27 | 53 |
| 2025 Q3 | 3,158,113 | $32,378,557 | +$1,213,792 | $10.26 | 51 |
| 2025 Q2 | 2,929,227 | $28,301,642 | +$1,620,511 | $9.66 | 51 |
| 2025 Q1 | 2,858,679 | $29,482,090 | -$1,760,340 | $10.14 | 48 |
| 2024 Q4 | 3,079,990 | $31,213,274 | +$931,658 | $10.13 | 58 |
| 2024 Q3 | 2,797,684 | $31,184,565 | -$3,063,140 | $11.17 | 50 |
| 2024 Q2 | 3,088,031 | $32,603,570 | -$3,245 | $10.56 | 51 |
| 2024 Q1 | 3,090,981 | $32,003,427 | -$1,415,341 | $10.36 | 54 |
| 2023 Q4 | 3,230,946 | $32,974,017 | +$5,555,039 | $10.21 | 58 |
| 2023 Q3 | 2,634,753 | $22,809,384 | +$7,861,148 | $8.61 | 51 |
| 2023 Q2 | 1,709,537 | $17,188,591 | +$1,400,495 | $10.04 | 41 |
| 2023 Q1 | 1,567,790 | $16,721,281 | +$2,291,754 | $10.67 | 43 |
| 2022 Q4 | 1,353,477 | $14,036,531 | -$65,912,030 | $10.37 | 36 |
| 2022 Q3 | 7,427,031 | $80,879,732 | +$2,557,487 | $10.89 | 55 |
| 2022 Q2 | 7,186,097 | $81,351,223 | +$9,570,937 | $11.31 | 60 |
| 2022 Q1 | 6,321,007 | $79,955,081 | +$64,384,696 | $12.65 | 62 |
| 2021 Q4 | 1,227,551 | $17,333,271 | +$820,684 | $14.12 | 30 |
| 2021 Q3 | 1,144,691 | $16,137,104 | -$246,340 | $14.10 | 26 |
| 2021 Q2 | 1,171,703 | $16,560,000 | +$1,237,962 | $14.13 | 28 |
| 2021 Q1 | 1,073,883 | $14,097,909 | +$612,931 | $13.12 | 25 |
| 2020 Q4 | 1,025,323 | $13,509,000 | +$255,658 | $13.17 | 21 |
| 2020 Q3 | 1,008,545 | $12,462,000 | -$791,563 | $12.34 | 22 |
| 2020 Q2 | 1,058,000 | $12,965,000 | +$394,532 | $12.23 | 22 |
| 2020 Q1 | 1,026,184 | $12,576,000 | +$600,063 | $12.24 | 23 |
| 2019 Q4 | 972,282 | $12,924,000 | -$91,202 | $13.28 | 24 |
| 2019 Q3 | 946,538 | $12,728,000 | -$758,456 | $13.44 | 25 |
| 2019 Q2 | 971,779 | $12,848,000 | -$3,570,709 | $13.21 | 24 |
| 2019 Q1 | 1,279,676 | $16,248,000 | +$3,262,260 | $12.68 | 27 |
| 2018 Q4 | 1,002,075 | $11,932,000 | +$79,706 | $11.91 | 24 |
| 2018 Q3 | 993,860 | $12,046,000 | +$1,256,932 | $12.12 | 24 |
| 2018 Q2 | 832,285 | $10,367,000 | +$278,976 | $12.45 | 23 |
| 2018 Q1 | 809,581 | $10,217,000 | -$564,498 | $12.61 | 21 |
| 2017 Q4 | 851,754 | $11,293,000 | +$709,591 | $13.26 | 25 |
| 2017 Q3 | 792,935 | $10,728,000 | -$859,120 | $13.53 | 21 |
| 2017 Q2 | 867,460 | $11,582,000 | -$1,136,477 | $13.35 | 23 |
| 2017 Q1 | 953,243 | $12,349,000 | -$487,357 | $12.95 | 23 |
| 2016 Q4 | 991,344 | $13,041,000 | +$1,234,862 | $13.16 | 24 |
| 2016 Q3 | 896,070 | $12,640,000 | +$344,937 | $14.08 | 25 |
| 2016 Q2 | 869,726 | $12,854,000 | +$2,099,090 | $14.79 | 24 |
| 2016 Q1 | 729,603 | $10,060,000 | +$1,152,879 | $13.79 | 25 |
| 2015 Q4 | 641,668 | $8,341,000 | +$1,682,820 | $12.98 | 24 |
| 2015 Q3 | 510,808 | $6,539,000 | -$193,737 | $12.80 | 21 |
| 2015 Q2 | 545,220 | $6,895,000 | -$1,940,982 | $12.64 | 22 |
| 2015 Q1 | 698,815 | $9,181,000 | -$773,103 | $13.14 | 23 |
| 2014 Q4 | 741,247 | $9,695,788 | -$248,449 | $13.09 | 24 |
| 2014 Q3 | 733,803 | $9,366,000 | +$2,189,199 | $12.77 | 21 |
| 2014 Q2 | 562,987 | $7,269,234 | -$303,528 | $12.90 | 22 |
| 2014 Q1 | 602,510 | $7,440,000 | -$400,337 | $12.34 | 21 |