Neuberger Berman California Municipal Fund Inc.
NBW was delisted on the 20th of October, 2023.
26 hedge funds and large institutions have $16.5M invested in Neuberger Berman California Municipal Fund Inc. in 2021 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
13% more funds holding
Funds holding: 23 → 26 (+3)
7% less capital invested
Capital invested by funds: $17.8M → $16.5M (-$1.3M)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.21M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$349K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$294K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$278K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.52M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$1.31M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$257K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$194K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$184K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TIM
26
Tortoise Investment Management
White Plains,
New York
| $5K | – | – | – |
|
|
KAS
27
Kestra Advisory Services
Austin,
Texas
| – | -$1.31M | -91,834 | Closed |
|
|
28
Invesco
Atlanta,
Georgia
| – | -$257K | -17,946 | Closed |
|
|
29
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$184K | -12,858 | Closed |
|
|
IC
30
Intersect Capital
San Ramon,
California
| – | -$158K | -11,000 | Closed |
|
NBW Hedge Fund Activity: Q4 2021 in Review
26 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Neuberger Berman California Municipal Fund Inc. (NBW) for Q4 2021, worth a combined $16.5M — down 7.3% from $17.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NBW positions and 4 closed out — a net gain of 3 holders — while 6 added to existing stakes and 7 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.21M. The largest seller was First Foundation Advisors, cutting an estimated $1.52M.
- 26 institutional investors held Neuberger Berman California Municipal Fund Inc. (NBW) as of Q4 2021, up from 23 in Q3 2021.
- Funds reported $16.5M of Neuberger Berman California Municipal Fund Inc. stock for Q4 2021, down 7.3% quarter-over-quarter.
- 7 funds opened new Neuberger Berman California Municipal Fund Inc. positions in Q4 2021 and 4 closed out, a net change of +3 holders.
- The largest Neuberger Berman California Municipal Fund Inc. buyer in Q4 2021 was Rivernorth Capital Management, an estimated $1.21M added.
- The largest Neuberger Berman California Municipal Fund Inc. seller in Q4 2021 was First Foundation Advisors, an estimated $1.52M sold.
Based on aggregated 13F filings for Q4 2021.