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NBH

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
77
Holders Change
-7
Holders Change %
-8.33%
% of All Funds
0.95%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
8
Increased
34
Reduced
20
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
+$3.05M
2
Morgan Stanley
Morgan Stanley
New York
+$1.91M
3
RCM
Robinson Capital Management
Michigan
+$1.87M
4
STA
Summit Trail Advisors
New York
+$702K
5
SIA
Sit Investment Associates
Minnesota
+$666K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$6.31M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.36M
3
SCM
Saba Capital Management
New York
-$1.11M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$746K
5
Jane Street
Jane Street
New York
-$472K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
76
Wolverine Asset Management
Illinois
$9.13K -$226K -21,810 -96%
HWP
77
Highline Wealth Partners
California
$8.12K – – –
Fifth Third Bancorp
78
Fifth Third Bancorp
Ohio
$335 +$341 +33 New
SCM
79
Saba Capital Management
New York
– -$1.11M -110,116 Closed
Balyasny Asset Management
80
Balyasny Asset Management
Illinois
– -$746K -73,748 Closed
Jane Street
81
Jane Street
New York
– -$472K -46,640 Closed
Citadel Advisors
82
Citadel Advisors
Florida
– -$447K -44,164 Closed
TJHA
83
Thomas J. Herzfeld Advisors
Florida
– -$327K -32,348 Closed
LSC
84
Logan Stone Capital
Illinois
– -$225K -22,203 Closed
XT
85
XTX Topco
Cayman Islands
– -$186K -18,379 Closed
VF
86
Virtu Financial
New York
– -$166K -16,436 Closed
Susquehanna International Group
87
Susquehanna International Group
Pennsylvania
– -$155K -15,272 Closed
LCM
88
Landscape Capital Management
New Jersey
– -$108K -10,713 Closed
BAM
89
Belpointe Asset Management
Nevada
– -$105K -10,370 Closed
PI
90
PFG Investments
New York
– -$101K -10,000 Closed
EW
91
Elyxium Wealth
California
– -$43K -4,248 Closed
KG
92
Kilter Group
New York
– -$12.8K -1,261 Closed
1 2 3
4

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.