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ZHEN

Neuberger Municipal Fund Inc.

NBH
Exchange
NYSE
SEC CIK
0001178839

No open-market purchases or sales by Neuberger Municipal Fund Inc. insiders were filed in the last 90 days; 77 institutions reported holding it in 13F filings for Q2 2026, worth $134.7M in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in Neuberger Municipal Fund Inc. as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
73
−1 vs. Q1 2025
Shares held
12.1M
+375.5K (+3.2%) vs. Q1 2025
Total value
$118.9M
−$3.26M (−2.7%) vs. Q1 2025
New holders
8
29 more added
Sold out
9
17 more reduced

2 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NBH on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 73 institutions
Q1 2021: 47 institutionsQ2 2021: 43 institutionsQ3 2021: 46 institutionsQ4 2021: 49 institutionsQ1 2022: 46 institutionsQ2 2022: 54 institutionsQ3 2022: 52 institutionsQ4 2022: 58 institutionsQ1 2023: 54 institutionsQ2 2023: 56 institutionsQ3 2023: 58 institutionsQ4 2023: 80 institutionsQ1 2024: 87 institutionsQ2 2024: 81 institutionsQ3 2024: 73 institutionsQ4 2024: 79 institutionsQ1 2025: 76 institutionsQ2 2025: 73 institutionsQ3 2025: 71 institutionsQ4 2025: 84 institutionsQ1 2026: 78 institutionsQ2 2026: 77 institutions
Value heldQ2 2025: $118.9M
Q1 2021: $49.6MQ2 2021: $47.5MQ3 2021: $47.0MQ4 2021: $46.0MQ1 2022: $39.6MQ2 2022: $34.8MQ3 2022: $35.3MQ4 2022: $39.7MQ1 2023: $39.2MQ2 2023: $40.3MQ3 2023: $40.1MQ4 2023: $101.5MQ1 2024: $109.0MQ2 2024: $115.7MQ3 2024: $120.3MQ4 2024: $119.5MQ1 2025: $123.1MQ2 2025: $118.9MQ3 2025: $124.3MQ4 2025: $130.7MQ1 2026: $129.2MQ2 2026: $134.7M
Institutions holding NBH and their total value by quarter
QuarterHoldersValue
Q2 202677$134.7M
Q1 202678$129.2M
Q4 202584$130.7M
Q3 202571$124.3M
Q2 202573$118.9M
Q1 202576$123.1M
Q4 202479$119.5M
Q3 202473$120.3M
Q2 202481$115.7M
Q1 202487$109.0M
Q4 202380$101.5M
Q3 202358$40.1M
Q2 202356$40.3M
Q1 202354$39.2M
Q4 202258$39.7M
Q3 202252$35.3M
Q2 202254$34.8M
Q1 202246$39.6M
Q4 202149$46.0M
Q3 202146$47.0M
Q2 202143$47.5M
Q1 202147$49.6M

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Neuberger Municipal Fund Inc.; share changes are against Q1 2025.

Institutions holding NBH in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Comerica Bank33$3240.00%00.0%Unchanged
MAI Capital Management870$8.55K0.00%+14+1.6%Added
The PNC Financial Services Group, Inc.2,000$19.7K0.00%00.0%Unchanged
Hollencrest Capital Management2,398$23.6K0.00%00.0%Unchanged
GWM Advisors LLC3,219$31.6K0.00%00.0%Unchanged
Moisand Fitzgerald Tamayo, LLC3,736$36.7K0.00%−665−15.1%Reduced
Farther Finance Advisors, LLC4,046$39.8K0.00%00.0%Unchanged
US Bancorp4,803$47.2K0.00%00.0%Unchanged
Nomura Holdings Inc10,000$98.3K0.00%+10,000New
Landscape Capital Management, L.L.C.10,303$101.3K0.01%+10,303New
Belpointe Asset Management LLC10,370$101.9K0.00%00.0%Unchanged
Citadel Advisors LLC10,466$102.9K0.00%−1,300−11.0%Reduced
MML Investors Services, LLC10,491$103.0K0.00%+10,491New
Elequin Capital LP11,165$109.8K0.02%+11,165New
Alesco Advisors LLC11,739$115.4K0.00%00.0%Unchanged
Steward Partners Investment Advisory, LLC11,863$116.6K0.00%+950+8.7%Added
Kestra Advisory Services, LLC12,721$125.0K0.00%+12,721New
Alteri Wealth LLC13,104$128.8K0.05%+42+0.3%Added
Tyche Wealth Partners LLC14,816$145.6K0.03%00.0%Unchanged
Bank of Montreal14,884$146.3K0.00%+370+2.5%Added
Advisor Group Holdings, Inc.15,102$148.5K0.00%+1,859+14.0%Added
Cambridge Investment Research Advisors, Inc.15,631$154.0K0.00%+1,985+14.5%Added
Catalina Capital Group, LLC15,703$154.4K0.10%00.0%Unchanged
Nelson, Van Denburg & Campbell Wealth Management Group, LLC16,272$160.0K0.01%−13,906−46.1%Reduced
Capital Market Strategies LLC18,950$186.3K0.13%−789−4.0%Reduced
Charter Trust Co19,865$195.3K0.01%00.0%Unchanged
Nuveen, LLC20,845$204.9K0.00%00.0%Unchanged
Bank of New York Mellon Corp24,102$236.9K0.00%−5,139−17.6%Reduced
Integrated Capital Management, Inc.24,736$243.2K0.19%+3,216+14.9%Added
Commonwealth Equity Services, LLC26,362$259.0K0.00%−3,105−10.5%Reduced
Royal Bank of Canada27,085$266.0K0.00%+3,400+14.4%Added
Wolverine Asset Management LLC27,795$273.2K0.00%+27,795New
Warren Averett Asset Management, LLC28,198$277.2K0.00%00.0%Unchanged
Ameriprise Financial Inc31,398$308.6K0.00%−11,206−26.3%Reduced
Bridgewater Advisors Inc.35,633$348.1K0.03%00.0%Unchanged
Rockefeller Capital Management L.P.38,740$380.8K0.00%+625+1.6%Added
Evoke Wealth, LLC40,469$400.0K0.01%00.0%Unchanged
Horizon Kinetics Asset Management LLC41,529$408.2K0.00%00.0%Unchanged
Riverbridge Partners LLC43,887$431.4K0.01%+2,186+5.2%Added
Balyasny Asset Management LLC46,336$455.5K0.00%+46,336New
Plancorp, LLC50,009$491.6K0.02%+10,000+25.0%Added
Blue Bell Private Wealth Management, LLC50,637$497.8K0.08%−2,139−4.1%Reduced
Atala Financial Inc52,094$512.1K0.35%+10,064+23.9%Added
Rothschild Investment LLC53,700$527.9K0.03%00.0%Unchanged
HighTower Advisors, LLC63,736$626.5K0.00%+9,866+18.3%Added
LPL Financial LLC64,503$634.1K0.00%+4,417+7.4%Added
Cura Wealth Advisors, LLC66,000$648.8K0.30%00.0%Unchanged
Ackerman Capital Advisors, LLC71,865$706.4K0.16%−17,711−19.8%Reduced
Logan Stone Capital, LLC78,012$766.9K0.36%−34,500−30.7%Reduced
Bank of America Corp84,954$835.1K0.00%−380.0%Reduced
Invesco Ltd.97,936$962.7K0.00%+55,646+131.6%Added
Raymond James Financial Inc103,164$1.01M0.00%+5,938+6.1%Added
Wells Fargo & Company107,873$1.06M0.00%−13,260−10.9%Reduced
Robinson Capital Management, LLC108,711$1.07M0.45%+60,445+125.2%Added
Park Avenue Securities LLC110,926$1.09M0.01%+3,522+3.3%Added
Envestnet Asset Management Inc122,495$1.20M0.00%+5,139+4.4%Added
Matisse Capital135,900$1.34M0.63%00.0%Unchanged
Cohen & Steers, Inc.152,982$1.50M0.00%−29,000−15.9%Reduced
Rareview Capital LLC157,355$1.55M0.98%+157,355New
Fiera Capital Corp175,841$1.73M0.01%−1,750−1.0%Reduced
Van Eck Associates Corp205,184$2.02M0.00%+4,378+2.2%Added
Melfa Wealth Management, LLC223,878$2.20M1.39%+700+0.3%Added
Hennion & Walsh Asset Management, Inc.231,000$2.27M0.09%+9,171+4.1%Added
Sit Investment Associates Inc288,577$2.84M0.06%−488,195−62.8%Reduced
UBS Group AG440,251$4.33M0.00%+25,327+6.1%Added
Guggenheim Capital LLC454,829$4.47M0.04%+222,668+95.9%Added
Advisors Asset Management, Inc.461,695$4.54M0.08%+102,102+28.4%Added
Rivernorth Capital Management, LLC810,858$7.97M0.44%+20,000+2.5%Added
Morgan Stanley1,049,773$10.3M0.00%+167,965+19.0%Added
1607 Capital Partners, LLC1,133,750$11.1M0.90%−19,569−1.7%Reduced
Mackay Shields LLC1,180,981$11.6M0.37%+239,589+25.5%Added
Pathstone Holdings, LLC1,235,837$12.1M0.05%+93,101+8.1%Added
Saba Capital Management, L.P.1,746,177$17.2M0.47%−86,957−4.7%Reduced
Bulldog Investors, LLP0$00.00%−107,709−100.0%Sold out
Callahan Advisors, LLC0$00.00%−74,205−100.0%Sold out
Round Rock Advisors, LLC0$00.00%−15,944−100.0%Sold out
Susquehanna International Group, LLP0$00.00%−14,239−100.0%Sold out
Napa Wealth Management0$00.00%−12,373−100.0%Sold out
Stifel Financial Corp0$00.00%−11,469−100.0%Sold out
Uniting Wealth Partners, LLC0$00.00%−10,150−100.0%Sold out
Huntington National Bank0$00.00%–Sold out
Ogorek Anthony Joseph0$00.00%−4−100.0%Sold out
Noble Wealth Management PBC––––Not filed
Grant/GrossMendelsohn, LLC––––Not filed