Neuberger Municipal Fund Inc
NBH
79 hedge funds and large institutions have $102M invested in Neuberger Municipal Fund Inc in 2023 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 29 increasing their positions, 13 reducing their positions, and 7 closing their positions.
300% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 7
153% more capital invested
Capital invested by funds: $40.1M → $102M (+$61.4M)
123% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 13
36% more funds holding
Funds holding: 58 → 79 (+21)
18.26% more ownership
Funds ownership: 23.08% → 41.34% (+18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$17.1M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.36M |
| 3 |
Morgan Stanley
New York
|
+$4.74M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.16M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$2.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$749K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$323K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$182K |
| 4 |
PMG
ProVise Management Group
Clearwater,
Florida
|
-$151K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$139K |
NBH Hedge Fund Activity: Q4 2023 in Review
79 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Neuberger Municipal Fund Inc (NBH) for Q4 2023, worth a combined $102M — up 153% from $40.1M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new NBH positions and 7 closed out — a net gain of 21 holders — while 29 added to existing stakes and 13 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $17.1M. The largest seller was Moors & Cabot, exiting entirely with an estimated $749K sold.
- 79 institutional investors held Neuberger Municipal Fund Inc (NBH) as of Q4 2023, up from 58 in Q3 2023.
- Funds reported $102M of Neuberger Municipal Fund Inc stock for Q4 2023, up 153% quarter-over-quarter.
- 28 funds opened new Neuberger Municipal Fund Inc positions in Q4 2023 and 7 closed out, a net change of +21 holders.
- The largest Neuberger Municipal Fund Inc buyer in Q4 2023 was Saba Capital Management, an estimated $17.1M added.
- The largest Neuberger Municipal Fund Inc seller in Q4 2023 was Moors & Cabot, an estimated $749K sold.
Based on aggregated 13F filings for Q4 2023.