Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ABRDN NATL MUN INCOME FD (VFL)

52 + Investors. Track Smart Money conviction in VFL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
1Q ▲
Buyers last Q
60%

Smart Money Signals — VFL

Based on 52 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added VFL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
52 hedge funds hold VFL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
2 fewer hedge funds hold VFL compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢

More buyers than sellers — 60% buying

28 buying19 selling
Last quarter: 28 funds were net buyers (12 opened a brand new position + 16 added to an existing one). Only 19 were sellers (12 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~12 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 8 → 9 → 12. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 19% medium ■ 23% new
30 out of 52 hedge funds have held VFL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +23%, value -99%

Value
-99%
Shares
+23%
Last quarter: funds added +23% more shares while total portfolio value only changed -99%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

11 → 3 → 8 → 9 → 12 new funds/Q
New funds entering each quarter: 3 → 8 → 9 → 12. A growing number of institutions are discovering VFL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 10% 1-2yr ■ 25% new
Of 52 current holders: 34 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 10% AUM from top-100

10% from top-100 AUM funds
5 of 52 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: VFL

How many hedge funds hold VFL — quarterly history vs. share price
Quarterly hedge fund ownership of VFL vs. share price

Market Analysis: VFL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: VFL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: VFL
2026 Q1 Stats Unlock in 13 days 52 + Investors

Track Smart Money conviction in VFL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 52 47 10.64%
13F Shares 4M 3M 23.47%
Total Value $39M $4.15B -99.06%
New Positions 12 9 +3
Increased Positions 16 15 +1
Closed Positions 7 9 -2
Reduced Positions 12 10 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: VFL

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Income Statement & Cash Flow
Revenue (ttm) --
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Institutional Holders (2026 Q1)

52 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in VFL. Verified SEC 13F-HR filings.

Top 25 institutional holders of VFL — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Noble Wealth Management PBC 0.41% 81,363 $810K
2 Realta Investment Advisors 0.33% 95,192 $948K
3 MELFA WEALTH MANAGEMENT, INC. 0.16% 27,210 $271K
4 MACKAY SHIELDS LLC 0.15% 401,695 $4.0M
5 Whipplewood Advisors, LLC 0.13% 24,917 $248K
6 Traub Capital Management LLC 0.12% 12,218 $122K
7 Element Wealth, LLC 0.09% 23,020 $229K
8 GEN Financial Management, INC. 0.08% 13,324 $133K
9 HighMark Wealth Management LLC 0.05% 12,880 $128K
10 Sightline Wealth Advisors, LLC 0.05% 11,791 $117K
11 RIVERBRIDGE PARTNERS LLC 0.05% 194,085 $1.9M
12 River Street Advisors LLC 0.04% 11,845 $118K
13 Ackerman Capital Advisors, LLC 0.03% 15,358 $153K
14 Berger Financial Group, Inc 0.01% 19,358 $193K
15 Koshinski Asset Management, Inc. 0.01% 16,012 $159K
16 OneAscent Financial Services LLC 0.01% 14,000 $139K
17 GILL CAPITAL PARTNERS, LLC 0.01% 2,551 $25K
18 Capital Investment Advisors, LLC 0.01% 41,354 $412K
19 Allspring Global Investments Holdings, LLC 0.01% 353,273 $3.5M
20 BAYBAN 0.00% 565 $6K
21 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% 23,687 $234K
22 ROTHSCHILD INVESTMENT LLC 0.00% 470 $5K
23 LPL Financial LLC 0.00% 26,808 $267K
24 FIFTH THIRD BANCORP 0.00% 3,625 $36K
25 UBS Group AG 0.00% 10,272 $102K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — ABRDN NATL MUN INCOME FD (VFL)

What does the Smart Money Trend signal show for VFL?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added VFL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for VFL?

More buyers than sellers — 60% buying: Last quarter: 28 funds were net buyers (12 opened a brand new position + 16 added to an existing one). Only 19 were sellers (12 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for VFL holders?

Smaller funds dominant — 10% AUM from top-100: 5 of 52 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held VFL?

58% of holders stayed for 2+ years: 30 out of 52 hedge funds have held VFL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.