Neuberger Municipal Fund Inc
NBH
84 hedge funds and large institutions have $131M invested in Neuberger Municipal Fund Inc in 2025 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 26 increasing their positions, 20 reducing their positions, and 3 closing their positions.
467% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 3
30% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 20
18% more funds holding
Funds holding: 71 → 84 (+13)
5% more capital invested
Capital invested by funds: $124M → $131M (+$6.4M)
2.92% more ownership
Funds ownership: 40.73% → 43.64% (+2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
+$3.37M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.79M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.61M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.24M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$9.26M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$795K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$367K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$255K |
| 5 |
Morgan Stanley
New York
|
-$231K |
NBH Hedge Fund Activity: Q4 2025 in Review
84 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Neuberger Municipal Fund Inc (NBH) for Q4 2025, worth a combined $131M — up 5.1% from $124M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NBH positions and 3 closed out — a net gain of 14 holders — while 26 added to existing stakes and 20 trimmed.
The largest buyer was Pathstone Holdings, adding an estimated $3.37M. The largest seller was Saba Capital Management, cutting an estimated $9.26M.
- 84 institutional investors held Neuberger Municipal Fund Inc (NBH) as of Q4 2025, up from 71 in Q3 2025.
- Funds reported $131M of Neuberger Municipal Fund Inc stock for Q4 2025, up 5.1% quarter-over-quarter.
- 17 funds opened new Neuberger Municipal Fund Inc positions in Q4 2025 and 3 closed out, a net change of +14 holders.
- The largest Neuberger Municipal Fund Inc buyer in Q4 2025 was Pathstone Holdings, an estimated $3.37M added.
- The largest Neuberger Municipal Fund Inc seller in Q4 2025 was Saba Capital Management, an estimated $9.26M sold.
Based on aggregated 13F filings for Q4 2025.