abrdn National Municipal Income Fund
VFL
VFL was delisted on the 10th of July, 2026.
54 hedge funds and large institutions have $39.2M invested in abrdn National Municipal Income Fund in 2025 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
21% more capital invested
Capital invested by funds: $32.4M → $39.2M (+$6.83M)
6% more funds holding
Funds holding: 51 → 54 (+3)
5.38% more ownership
Funds ownership: 25.72% → 31.1% (+5.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
+$1.99M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.26M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$802K |
| 4 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$548K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$520K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$457K |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$224K |
| 3 |
SWA
Sightline Wealth Advisors
Groton,
Connecticut
|
-$180K |
| 4 |
OFS
OneAscent Financial Services
Birmingham,
Alabama
|
-$144K |
| 5 |
WJWM
Williams Jones Wealth Management
New York
|
-$130K |
VFL Hedge Fund Activity: Q4 2025 in Review
54 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in abrdn National Municipal Income Fund (VFL) for Q4 2025, worth a combined $39.2M — up 21% from $32.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new VFL positions and 7 closed out — a net gain of 3 holders — while 18 added to existing stakes and 12 trimmed.
The largest buyer was Pathstone Holdings, adding an estimated $1.99M. The largest seller was Saba Capital Management, cutting an estimated $457K.
- 54 institutional investors held abrdn National Municipal Income Fund (VFL) as of Q4 2025, up from 51 in Q3 2025.
- Funds reported $39.2M of abrdn National Municipal Income Fund stock for Q4 2025, up 21% quarter-over-quarter.
- 10 funds opened new abrdn National Municipal Income Fund positions in Q4 2025 and 7 closed out, a net change of +3 holders.
- The largest abrdn National Municipal Income Fund buyer in Q4 2025 was Pathstone Holdings, an estimated $1.99M added.
- The largest abrdn National Municipal Income Fund seller in Q4 2025 was Saba Capital Management, an estimated $457K sold.
Based on aggregated 13F filings for Q4 2025.