Neuberger Municipal Fund Inc
NBH
77 hedge funds and large institutions have $129M invested in Neuberger Municipal Fund Inc in 2026 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 34 increasing their positions, 20 reducing their positions, and 14 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 20
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.63% less ownership
Funds ownership: 43.64% → 43.01% (-0.63%)
1% less capital invested
Capital invested by funds: $131M → $129M (-$1.51M)
8% less funds holding
Funds holding: 84 → 77 (-7)
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
+$3.05M |
| 2 |
Morgan Stanley
New York
|
+$1.91M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.87M |
| 4 |
STA
Summit Trail Advisors
New York
|
+$702K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$666K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$6.31M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.36M |
| 3 |
SCM
Saba Capital Management
New York
|
-$1.11M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$746K |
| 5 |
Jane Street
New York
|
-$472K |
NBH Hedge Fund Activity: Q1 2026 in Review
77 of the 8,127 institutional investors tracked by Wall St. Rank reported a position in Neuberger Municipal Fund Inc (NBH) for Q1 2026, worth a combined $129M — down 1.2% from $131M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NBH and 8 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 34 added.
The largest buyer was Pathstone Holdings, adding an estimated $3.05M. The largest seller was Mackay Shields LLC, cutting an estimated $6.31M.
- 77 institutional investors held Neuberger Municipal Fund Inc (NBH) as of Q1 2026, down from 84 in Q4 2025.
- Funds reported $129M of Neuberger Municipal Fund Inc stock for Q1 2026, down 1.2% quarter-over-quarter.
- 8 funds opened new Neuberger Municipal Fund Inc positions in Q1 2026 and 14 closed out, a net change of -6 holders.
- The largest Neuberger Municipal Fund Inc buyer in Q1 2026 was Pathstone Holdings, an estimated $3.05M added.
- The largest Neuberger Municipal Fund Inc seller in Q1 2026 was Mackay Shields LLC, an estimated $6.31M sold.
Based on aggregated 13F filings for Q1 2026.