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NBH

Neuberger Municipal Fund Inc
NBH

73 hedge funds and large institutions have $119M invested in Neuberger Municipal Fund Inc in 2025 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 17

0.95% more ownership

Funds ownership: 39.88% → 40.83% (+0.95%)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

3% less capital invested

Capital invested by funds: $123M → $119M (-$4.23M)

3% less funds holding

Funds holding: 75 → 73 (-2)

Holders
73
Holders Change
-2
Holders Change %
-2.67%
% of All Funds
0.96%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
29
Reduced
17
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$2.39M
2
GC
Guggenheim Capital
Illinois
+$2.22M
3
Morgan Stanley
Morgan Stanley
New York
+$1.67M
4
RC
Rareview Capital
Nevada
+$1.57M
5
AAM
Advisors Asset Management
Colorado
+$1.02M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.86M
2
BI
Bulldog Investors
New Jersey
-$1.12M
3
SCM
Saba Capital Management
New York
-$867K
4
CA
Callahan Advisors
Texas
-$772K
5
LSC
Logan Stone Capital
Illinois
-$344K
Name Holding Trade Value Shares
Change 		Change in
Stake
ACA
26
Ackerman Capital Advisors
Texas
$706K -$176K -17,711 -20%
CWA
27
Cura Wealth Advisors
Illinois
$649K – – –
LPL Financial
28
LPL Financial
California
$634K +$44K +4,417 +7%
HighTower Advisors
29
HighTower Advisors
Illinois
$627K +$98.3K +9,866 +18%
RIL
30
Rothschild Investment LLC
Illinois
$528K – – –
AF
31
Atala Financial
California
$512K +$100K +10,064 +24%
BBPWM
32
Blue Bell Private Wealth Management
Pennsylvania
$498K -$21.3K -2,139 -4%
PL
33
Plancorp LLC
Missouri
$492K +$99.6K +10,000 +25%
Balyasny Asset Management
34
Balyasny Asset Management
Illinois
$455K +$462K +46,336 New
RP
35
Riverbridge Partners
Minnesota
$431K +$21.8K +2,186 +5%
HKAM
36
Horizon Kinetics Asset Management
New York
$408K – – –
EW
37
Evoke Wealth
California
$400K – – –
Rockefeller Capital Management
38
Rockefeller Capital Management
New York
$381K +$6.23K +625 +2%
BA
39
Bridgewater Advisors
New York
$348K – – –
Ameriprise
40
Ameriprise
Minnesota
$309K -$112K -11,206 -26%
WA
41
Waverly Advisors
Alabama
$277K – – –
WAM
42
Wolverine Asset Management
Illinois
$273K +$277K +27,795 New
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$266K +$33.9K +3,400 +14%
Commonwealth Equity Services
44
Commonwealth Equity Services
Massachusetts
$259K -$30.9K -3,105 -11%
ICMP
45
Integrated Capital Management (Pennsylvania)
Pennsylvania
$243K +$32K +3,216 +15%
Bank of New York Mellon
46
Bank of New York Mellon
New York
$237K -$51.2K -5,139 -18%
N
47
Nuveen
North Carolina
$205K – – –
BHWM
48
Bar Harbor Wealth Management
New Hampshire
$195K – – –
CMS
49
Capital Market Strategies
Florida
$186K -$7.86K -789 -4%
AWM
50
Avior Wealth Management
Nebraska
$160K -$139K -13,906 -46%
1
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NBH Hedge Fund Activity: Q2 2025 in Review

73 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Neuberger Municipal Fund Inc (NBH) for Q2 2025, worth a combined $119M — down 3.4% from $123M a quarter earlier.

Fund positioning in NBH was balanced in Q2 2025: 8 funds opened new positions, 8 closed out, 29 added to existing stakes and 17 trimmed.

The largest buyer was Mackay Shields LLC, adding an estimated $2.39M. The largest seller was Sit Investment Associates, cutting an estimated $4.86M.

  • 73 institutional investors held Neuberger Municipal Fund Inc (NBH) as of Q2 2025, down from 75 in Q1 2025.
  • Funds reported $119M of Neuberger Municipal Fund Inc stock for Q2 2025, down 3.4% quarter-over-quarter.
  • 8 funds opened new Neuberger Municipal Fund Inc positions in Q2 2025 and 8 closed out, a net change of 0 holders.
  • The largest Neuberger Municipal Fund Inc buyer in Q2 2025 was Mackay Shields LLC, an estimated $2.39M added.
  • The largest Neuberger Municipal Fund Inc seller in Q2 2025 was Sit Investment Associates, an estimated $4.86M sold.

Based on aggregated 13F filings for Q2 2025.