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NBH

Neuberger Municipal Fund Inc
NBH

75 hedge funds and large institutions have $123M invested in Neuberger Municipal Fund Inc in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 24

3% more capital invested

Capital invested by funds: $120M → $123M (+$3.59M)

0.92% more ownership

Funds ownership: 38.95% → 39.88% (+0.92%)

4% less funds holding

Funds holding: 78 → 75 (-3)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

Holders
75
Holders Change
-3
Holders Change %
-3.85%
% of All Funds
1.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
26
Reduced
24
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$9.91M
2
Pathstone Holdings
Pathstone Holdings
New Jersey
+$6.32M
3
Morgan Stanley
Morgan Stanley
New York
+$1.26M
4
1CP
1607 Capital Partners
Virginia
+$705K
5
AAM
Advisors Asset Management
Colorado
+$569K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$5.29M
2
SCM
Saba Capital Management
New York
-$4.94M
3
BI
Bulldog Investors
New Jersey
-$1.78M
4
AA
AQR Arbitrage
Connecticut
-$936K
5
RCM
Rivernorth Capital Management
Florida
-$792K
Name Holding Trade Value Shares
Change 		Change in
Stake
NWMP
26
Noble Wealth Management PBC
Colorado
$688K +$47.4K +4,500 +7%
CWA
27
Cura Wealth Advisors
Illinois
$686K -$201K -19,054 -22%
LPL Financial
28
LPL Financial
California
$625K +$20K +1,904 +3%
HighTower Advisors
29
HighTower Advisors
Illinois
$560K -$73.6K -6,993 -11%
RIL
30
Rothschild Investment LLC
Illinois
$558K – – –
BBPWM
31
Blue Bell Private Wealth Management
Pennsylvania
$549K -$27.4K -2,605 -5%
RCM
32
Robinson Capital Management
Michigan
$502K +$508K +48,266 New
Ameriprise
33
Ameriprise
Minnesota
$443K -$20.3K -1,931 -4%
Invesco
34
Invesco
Georgia
$440K -$398K -37,832 -47%
AF
35
Atala Financial
California
$437K +$375K +35,600 +554%
RP
36
Riverbridge Partners
Minnesota
$434K +$29.6K +2,813 +7%
HKAM
37
Horizon Kinetics Asset Management
New York
$432K – – –
EW
38
Evoke Wealth
California
$423K – – –
PL
39
Plancorp LLC
Missouri
$416K +$421K +40,009 New
Rockefeller Capital Management
40
Rockefeller Capital Management
New York
$396K +$6.19K +588 +2%
BA
41
Bridgewater Advisors
New York
$361K +$375K +35,633 New
AWM
42
Avior Wealth Management
Nebraska
$314K +$106K +10,050 +50%
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$306K +$2.04K +194 +0.7%
Bank of New York Mellon
44
Bank of New York Mellon
New York
$304K -$11 -1 -0%
WA
45
Waverly Advisors
Alabama
$293K +$297K +28,198 New
GWA
46
GGM Wealth Advisors
Maryland
$286K +$31.6K +3,000 +12%
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
$246K – – –
ICMP
48
Integrated Capital Management (Pennsylvania)
Pennsylvania
$224K +$22.5K +2,135 +11%
N
49
Nuveen
North Carolina
$217K -$179K -17,024 -45%
BHWM
50
Bar Harbor Wealth Management
New Hampshire
$207K – – –
1
2
3 4

NBH Hedge Fund Activity: Q1 2025 in Review

75 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Neuberger Municipal Fund Inc (NBH) for Q1 2025, worth a combined $123M — up 3% from $120M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NBH and 8 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 26 added.

The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $9.91M. The largest seller was Sit Investment Associates, cutting an estimated $5.29M.

  • 75 institutional investors held Neuberger Municipal Fund Inc (NBH) as of Q1 2025, down from 78 in Q4 2024.
  • Funds reported $123M of Neuberger Municipal Fund Inc stock for Q1 2025, up 3% quarter-over-quarter.
  • 8 funds opened new Neuberger Municipal Fund Inc positions in Q1 2025 and 10 closed out, a net change of -2 holders.
  • The largest Neuberger Municipal Fund Inc buyer in Q1 2025 was Mackay Shields LLC, an estimated $9.91M added.
  • The largest Neuberger Municipal Fund Inc seller in Q1 2025 was Sit Investment Associates, an estimated $5.29M sold.

Based on aggregated 13F filings for Q1 2025.