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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$2.39M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.22M |
| 3 |
Morgan Stanley
New York
|
+$1.67M |
| 4 |
RC
Rareview Capital
Las Vegas,
Nevada
|
+$1.57M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.86M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.12M |
| 3 |
SCM
Saba Capital Management
New York
|
-$867K |
| 4 |
CA
Callahan Advisors
Houston,
Texas
|
-$772K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$344K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RRA
76
Round Rock Advisors
Wilton,
Connecticut
| – | -$166K | -15,944 | Closed |
|
77
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$148K | -14,239 | Closed |
|
|
NWM
78
Napa Wealth Management
Napa,
California
| – | -$129K | -12,373 | Closed |
|
79
Stifel Financial
St. Louis,
Missouri
| – | -$119K | -11,469 | Closed |
|
|
UWP
80
Uniting Wealth Partners
Mission,
Kansas
| – | -$106K | -10,150 | Closed |
|
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.