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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$9.91M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
+$6.32M |
| 3 |
Morgan Stanley
New York
|
+$1.26M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$705K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$569K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.29M |
| 2 |
SCM
Saba Capital Management
New York
|
-$4.94M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.78M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$936K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$792K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
76
AQR Arbitrage
Greenwich,
Connecticut
| – | -$936K | -90,428 | Closed |
|
|
SA
77
Sanctuary Advisors
Indianapolis,
Indiana
| – | -$551K | -52,309 | Closed |
|
78
Walleye Capital
New York
| – | -$300K | -29,026 | Closed |
|
79
Nomura Holdings
Tokyo,
Japan
| – | -$300K | -29,000 | Closed |
|
|
LCM
80
Landscape Capital Management
Englewood,
New Jersey
| – | -$141K | -13,589 | Closed |
|
|
CSIA
81
Conrad Siegel Investment Advisors
Harrisburg,
Pennsylvania
| – | -$132K | -12,759 | Closed |
|
|
AWS
82
Atria Wealth Solutions
New York
| – | -$110K | -10,660 | Closed |
|
|
WAM
83
Wolverine Asset Management
Chicago,
Illinois
| – | -$91.1K | -8,799 | Closed |
|
84
Bessemer Group
Woodbridge,
New Jersey
| – | -$9K | -905 | Closed |
|
|
ECM
85
Estabrook Capital Management
New York
| – | -$7.89K | -762 | Closed |
|
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.