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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, Q3 2025

Institutional positions in Neuberger Municipal Fund Inc. as of Sep 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
71
−1 vs. Q2 2025
Shares held
12.1M
−12.0K (−0.1%) vs. Q2 2025
Total value
$124.3M
+$5.63M (+4.7%) vs. Q2 2025
New holders
7
28 more added
Sold out
8
17 more reduced

1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2025: 71 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 heldQ3 2025: $124.3M
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, Q3 2025

Shares, value and share of portfolio for each institution holding Neuberger Municipal Fund Inc.; share changes are against Q2 2025.

Institutions holding NBH in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Comerica Bank33$3410.00%00.0%Unchanged
Guerra Advisors Inc355$3.66K0.00%+355New
Highline Wealth Partners LLC800$8.26K0.00%+800New
MAI Capital Management884$9.13K0.00%+14+1.6%Added
Kilter Group LLC1,193$12.3K0.01%+1,193New
Hollencrest Capital Management2,398$24.7K0.00%00.0%Unchanged
GWM Advisors LLC2,984$30.8K0.00%−235−7.3%Reduced
Advisory Services Network, LLC3,356$34.6K0.00%+3,356New
Moisand Fitzgerald Tamayo, LLC3,736$38.6K0.00%00.0%Unchanged
Farther Finance Advisors, LLC4,046$41.8K0.00%00.0%Unchanged
US Bancorp4,803$49.6K0.00%00.0%Unchanged
Belpointe Asset Management LLC10,370$107.0K0.00%00.0%Unchanged
Alesco Advisors LLC11,739$121.1K0.00%00.0%Unchanged
Steward Partners Investment Advisory, LLC11,863$122.4K0.00%00.0%Unchanged
MML Investors Services, LLC11,919$123.0K0.00%+1,428+13.6%Added
Alteri Wealth LLC13,104$135.2K0.05%00.0%Unchanged
Tyche Wealth Partners LLC14,816$152.9K0.03%00.0%Unchanged
Advisor Group Holdings, Inc.15,518$155.4K0.00%+416+2.8%Added
Bank of Montreal15,177$156.6K0.00%+293+2.0%Added
Nelson, Van Denburg & Campbell Wealth Management Group, LLC16,708$172.4K0.01%+436+2.7%Added
Williams Jones Wealth Management, LLC.17,289$178.4K0.00%+17,289New
Kestra Advisory Services, LLC17,707$182.7K0.00%+4,986+39.2%Added
Bank of New York Mellon Corp19,232$198.5K0.00%−4,870−20.2%Reduced
Cambridge Investment Research Advisors, Inc.19,667$203.0K0.00%+4,036+25.8%Added
Charter Trust Co19,865$205.0K0.01%00.0%Unchanged
Nuveen, LLC20,845$215.1K0.00%00.0%Unchanged
Rothschild Investment LLC21,200$218.8K0.01%−32,500−60.5%Reduced
Integrated Capital Management, Inc.24,562$253.5K0.18%−174−0.7%Reduced
Royal Bank of Canada25,020$258.0K0.00%−2,065−7.6%Reduced
Commonwealth Equity Services, LLC26,467$273.0K0.00%+105+0.4%Added
Ameriprise Financial Inc28,016$289.1K0.00%−3,382−10.8%Reduced
Warren Averett Asset Management, LLC28,198$291.0K0.00%00.0%Unchanged
Bridgewater Advisors Inc.35,633$365.6K0.03%00.0%Unchanged
Logan Stone Capital, LLC36,438$376.0K0.17%−41,574−53.3%Reduced
Noble Wealth Management PBC37,875$390.9K0.21%+37,875New
Rockefeller Capital Management L.P.38,151$393.7K0.00%−589−1.5%Reduced
Evoke Wealth, LLC40,469$419.8K0.01%00.0%Unchanged
Horizon Kinetics Asset Management LLC41,396$427.2K0.01%−133−0.3%Reduced
WESCAP Management Group, Inc.41,901$432.4K0.09%+41,901New
Sit Investment Associates Inc48,600$502.0K0.01%−239,977−83.2%Reduced
Plancorp, LLC50,009$516.1K0.02%00.0%Unchanged
Blue Bell Private Wealth Management, LLC50,637$522.6K0.08%00.0%Unchanged
HighTower Advisors, LLC62,471$644.7K0.00%−1,265−2.0%Reduced
Riverbridge Partners LLC66,506$686.3K0.01%+22,619+51.5%Added
Cura Wealth Advisors, LLC68,000$701.8K0.27%+2,000+3.0%Added
LPL Financial LLC75,229$776.4K0.00%+10,726+16.6%Added
Robinson Capital Management, LLC87,533$903.3K0.65%−21,178−19.5%Reduced
Ackerman Capital Advisors, LLC89,798$926.7K0.19%+17,933+25.0%Added
Wells Fargo & Company92,038$949.8K0.00%−15,835−14.7%Reduced
Raymond James Financial Inc101,075$1.04M0.00%−2,089−2.0%Reduced
Atala Financial Inc102,158$1.05M0.67%+50,064+96.1%Added
Bank of America Corp110,326$1.14M0.00%+25,372+29.9%Added
Park Avenue Securities LLC110,943$1.15M0.01%+170.0%Added
Envestnet Asset Management Inc125,105$1.29M0.00%+2,610+2.1%Added
Matisse Capital135,900$1.40M0.63%00.0%Unchanged
Invesco Ltd.140,491$1.45M0.00%+42,555+43.5%Added
Fiera Capital Corp174,157$1.80M0.01%−1,684−1.0%Reduced
Cohen & Steers, Inc.207,982$2.15M0.00%+55,000+36.0%Added
Van Eck Associates Corp214,860$2.22M0.00%+9,676+4.7%Added
Melfa Wealth Management, LLC224,990$2.32M1.36%+1,112+0.5%Added
Hennion & Walsh Asset Management, Inc.236,306$2.44M0.09%+5,306+2.3%Added
Rareview Capital LLC331,218$3.26M1.99%+173,863+110.5%Added
UBS Group AG482,242$4.98M0.00%+41,991+9.5%Added
Advisors Asset Management, Inc.563,388$5.81M0.10%+101,693+22.0%Added
Guggenheim Capital LLC692,936$7.15M0.05%+238,107+52.4%Added
Rivernorth Capital Management, LLC810,858$8.37M0.48%00.0%Unchanged
Saba Capital Management, L.P.1,012,131$10.4M0.35%−734,046−42.0%Reduced
1607 Capital Partners, LLC1,083,929$11.2M0.84%−49,821−4.4%Reduced
Morgan Stanley1,179,333$12.2M0.00%+129,560+12.3%Added
Mackay Shields LLC1,233,578$12.7M0.43%+52,597+4.5%Added
Pathstone Holdings, LLC1,411,760$14.6M0.06%+175,923+14.2%Added
Balyasny Asset Management LLC0$00.00%−46,336−100.0%Sold out
Wolverine Asset Management LLC0$00.00%−27,795−100.0%Sold out
Catalina Capital Group, LLC0$00.00%−15,703−100.0%Sold out
Elequin Capital LP0$00.00%−11,165−100.0%Sold out
Citadel Advisors LLC0$00.00%−10,466−100.0%Sold out
Landscape Capital Management, L.L.C.0$00.00%−10,303−100.0%Sold out
Nomura Holdings Inc0$00.00%−10,000−100.0%Sold out
The PNC Financial Services Group, Inc.0$00.00%−2,000−100.0%Sold out
Capital Market Strategies LLC––––Not filed