Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Abrdn Natl Mun Income Fd (VFL)

55 + 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
↑ +2
Streak
2Q ▲
Buyers last Q
62%

Smart Money Signals — VFL

Based on 55 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, 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 (100% of max)

100% of all-time peak
55 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.
📶

Steady growth — +20% more funds vs a year ago

fund count last 6Q
+9 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 62% buying

26 buying16 selling
Last quarter: 26 funds were net buyers (9 opened a brand new position + 17 added to an existing one). Only 16 were sellers (9 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~9 new funds per quarter

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

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 20% medium ■ 20% new
33 out of 55 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.
➡️

Steady discovery — ~9 new funds/quarter

3 → 9 → 9 → 12 → 9 new funds/Q
New funds entering each quarter: 9 → 9 → 12 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 69% veterans vs 20% newcomers

■ 69% veterans ■ 11% 1-2yr ■ 20% new
Entry-cohort mix of 55 holders: 38 (69%) are 2+ year veterans, 6 entered 1–2 years ago, and 11 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 11% AUM from top-100

11% from top-100 AUM funds
8 of 55 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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.

Institutional Sentiment Summary — VFL

In 2026 Q1, 26 hedge funds were net buyers of VFL (9 opened a new position, 17 added to an existing one), while 16 reduced or exited (9 trimmed, 7 sold completely) — a 62% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 55.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: VFL
55 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 55 55 -
13F Shares 4M 4M 8.45%
Total Value $45M $39M 15.31%
New Positions 8 9 -1
Increased Positions 16 17 -1
Closed Positions 8 7 +1
Reduced Positions 13 9 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: VFL

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Financial Highlights

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Institutional Holders (2026 Q2)

55 + investors

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

QUARTER:
Top 25 VFL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Closed-End Fund Advisors, Inc. 1.60% 158,424 $1.6M
2 Matisse Capital 0.73% 174,693 $1.8M
3 Robinson Capital Management, LLC 0.62% 122,991 $1.4M
4 Noble Wealth Management PBC 0.42% 89,750 $931K
5 Realta Investment Advisors 0.31% 95,192 $987K
6 Whipplewood Advisors, LLC 0.18% 25,961 $269K
7 Melfa Wealth Management, INC. 0.15% 27,210 $282K
8 Rivernorth Capital Management, LLC 0.15% 308,511 $3.2M
9 Mackay Shields LLC 0.14% 401,695 $4.2M
10 Hara Capital LLC 0.13% 24,600 $256K
11 Traub Capital Management LLC 0.10% 10,412 $108K
12 Almitas Capital LLC 0.09% 37,221 $386K
13 Element Wealth, LLC 0.08% 21,020 $218K
14 Hennion & Walsh Asset Management, Inc. 0.08% 268,847 $2.8M
15 Blue Bell Private Wealth Management, LLC 0.06% 48,319 $501K
16 MRP Capital Investments, LLC 0.06% 8,000 $83K
17 Riverbridge Partners LLC 0.06% 193,519 $2.0M
18 Sightline Wealth Advisors, LLC 0.05% 11,922 $124K
19 HighMark Wealth Management LLC 0.04% 12,880 $134K
20 Basepoint Wealth LLC 0.04% 6,136 $64K
21 River Street Advisors LLC 0.04% 11,845 $123K
22 Karpus Management, Inc. 0.03% 114,275 $1.2M
23 Ackerman Capital Advisors, LLC 0.02% 11,694 $121K
24 Pathstone Holdings, LLC 0.02% 725,977 $7.5M
25 Guggenheim Capital LLC 0.01% 221,611 $2.3M
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 — 2 quarters in a row: For 2 consecutive quarters, 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 — 62% buying: Last quarter: 26 funds were net buyers (9 opened a brand new position + 17 added to an existing one). Only 16 were sellers (9 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 — 11% AUM from top-100: 8 of 55 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held VFL?

60% of holders stayed for 2+ years: 33 out of 55 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.

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