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NBH

Neuberger Municipal Fund Inc
NBH

40 hedge funds and large institutions have $33.9M invested in Neuberger Municipal Fund Inc in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.04% less ownership

Funds ownership: 14.43% → 13.39% (-1%)

6% less capital invested

Capital invested by funds: $36.1M → $33.9M (-$2.26M)

9% less funds holding

Funds holding: 44 → 40 (-4)

31% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 13

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8

Holders
40
Holders Change
-4
Holders Change %
-9.09%
% of All Funds
0.91%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
9
Reduced
13
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$426K
2
6M
6 Meridian
Kansas
+$353K
3
AG
Advisor Group
Arizona
+$209K
4
1CP
1607 Capital Partners
Virginia
+$203K
5
VanEck Associates
VanEck Associates
New York
+$144K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$1.94M
2
UBS Group
UBS Group
Switzerland
-$835K
3
CF
Centaurus Financial
California
-$760K
4
LFS
Legacy Financial Strategies
Kansas
-$280K
5
SG Americas Securities
SG Americas Securities
New York
-$231K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$203K -$27.7K -2,050 -12%
1CP
27
1607 Capital Partners
Virginia
$202K +$203K +15,000 New
AF
28
Affiance Financial
Minnesota
$187K – – –
LCM
29
Landscape Capital Management
New Jersey
$171K -$76K -5,623 -31%
AA
30
AQR Arbitrage
Connecticut
$138K +$138K +10,247 New
MFT
31
Moisand Fitzgerald Tamayo
Florida
$80K – – –
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$57K +$24.5K +1,810 +75%
GWM
33
Geneos Wealth Management
Colorado
$51K – – –
HCM
34
Highlander Capital Management
New Jersey
$40K – – –
SPIA
35
Steward Partners Investment Advisory
New York
$34K – – –
SWM
36
SeaCrest Wealth Management
New York
$25K – – –
HT
37
Heritage Trust
Oklahoma
$12K – – –
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$8K -$1.96K -145 -20%
CTC
39
Central Trust Company
Missouri
$7K – – –
CF
40
Centaurus Financial
California
$794 -$760K -56,256 -100%
LCM
41
Laurion Capital Management
New York
– -$1.94M -142,192 Closed
LFS
42
Legacy Financial Strategies
Kansas
– -$280K -20,539 Closed
SG Americas Securities
43
SG Americas Securities
New York
– -$231K -16,912 Closed
DA
44
Doliver Advisors
Texas
– -$174K -12,748 Closed
RFC
45
Regions Financial Corp
Alabama
– -$18K -1,300 Closed
WAM
46
Wolverine Asset Management
Illinois
– -$10K -742 Closed
CAC
47
Certified Advisory Corp
Florida
– -$7K -494 Closed
1
2

NBH Hedge Fund Activity: Q3 2018 in Review

40 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Neuberger Municipal Fund Inc (NBH) for Q3 2018, worth a combined $33.9M — down 6.3% from $36.1M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of NBH and 4 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 9 added.

The largest buyer was Advisors Asset Management, adding an estimated $426K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.94M sold.

  • 40 institutional investors held Neuberger Municipal Fund Inc (NBH) as of Q3 2018, down from 44 in Q2 2018.
  • Funds reported $33.9M of Neuberger Municipal Fund Inc stock for Q3 2018, down 6.3% quarter-over-quarter.
  • 4 funds opened new Neuberger Municipal Fund Inc positions in Q3 2018 and 8 closed out, a net change of -4 holders.
  • The largest Neuberger Municipal Fund Inc buyer in Q3 2018 was Advisors Asset Management, an estimated $426K added.
  • The largest Neuberger Municipal Fund Inc seller in Q3 2018 was Laurion Capital Management, an estimated $1.94M sold.

Based on aggregated 13F filings for Q3 2018.