Neuberger Municipal Fund Inc
NBH
71 hedge funds and large institutions have $124M invested in Neuberger Municipal Fund Inc in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 17 reducing their positions, and 8 closing their positions.
65% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 17
5% more capital invested
Capital invested by funds: $119M → $124M (+$5.44M)
0.1% less ownership
Funds ownership: 40.83% → 40.73% (-0.1%)
3% less funds holding
Funds holding: 73 → 71 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.38M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
+$1.76M |
| 3 |
RC
Rareview Capital
Las Vegas,
Nevada
|
+$1.74M |
| 4 |
Morgan Stanley
New York
|
+$1.29M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$7.33M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.4M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$498K |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$455K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$415K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Citadel Advisors
Miami,
Florida
| – | -$103K | -10,466 | Closed |
|
|
LCM
77
Landscape Capital Management
Englewood,
New Jersey
| – | -$101K | -10,303 | Closed |
|
78
Nomura Holdings
Tokyo,
Japan
| – | -$98.3K | -10,000 | Closed |
|
79
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$19.7K | -2,000 | Closed |
|
NBH Hedge Fund Activity: Q3 2025 in Review
71 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Neuberger Municipal Fund Inc (NBH) for Q3 2025, worth a combined $124M — up 4.6% from $119M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NBH and 7 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 28 added.
The largest buyer was Guggenheim Capital, adding an estimated $2.38M. The largest seller was Saba Capital Management, cutting an estimated $7.33M.
- 71 institutional investors held Neuberger Municipal Fund Inc (NBH) as of Q3 2025, down from 73 in Q2 2025.
- Funds reported $124M of Neuberger Municipal Fund Inc stock for Q3 2025, up 4.6% quarter-over-quarter.
- 7 funds opened new Neuberger Municipal Fund Inc positions in Q3 2025 and 8 closed out, a net change of -1 holder.
- The largest Neuberger Municipal Fund Inc buyer in Q3 2025 was Guggenheim Capital, an estimated $2.38M added.
- The largest Neuberger Municipal Fund Inc seller in Q3 2025 was Saba Capital Management, an estimated $7.33M sold.
Based on aggregated 13F filings for Q3 2025.