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, Q4 2025
Institutional positions in Neuberger Municipal Fund Inc. as of Dec 31, 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
- 84
- +14 vs. Q3 2025
- Shares held
- 12.9M
- +864.2K (+7.2%) vs. Q3 2025
- Total value
- $130.7M
- +$6.40M (+5.1%) vs. Q3 2025
- New holders
- 17
- 26 more added
- Sold out
- 3
- 20 more reduced
1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 77 | $134.7M |
| Q1 2026 | 78 | $129.2M |
| Q4 2025 | 84 | $130.7M |
| Q3 2025 | 71 | $124.3M |
| Q2 2025 | 73 | $118.9M |
| Q1 2025 | 76 | $123.1M |
| Q4 2024 | 79 | $119.5M |
| Q3 2024 | 73 | $120.3M |
| Q2 2024 | 81 | $115.7M |
| Q1 2024 | 87 | $109.0M |
| Q4 2023 | 80 | $101.5M |
| Q3 2023 | 58 | $40.1M |
| Q2 2023 | 56 | $40.3M |
| Q1 2023 | 54 | $39.2M |
| Q4 2022 | 58 | $39.7M |
| Q3 2022 | 52 | $35.3M |
| Q2 2022 | 54 | $34.8M |
| Q1 2022 | 46 | $39.6M |
| Q4 2021 | 49 | $46.0M |
| Q3 2021 | 46 | $47.0M |
| Q2 2021 | 43 | $47.5M |
| Q1 2021 | 47 | $49.6M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Neuberger Municipal Fund Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Pathstone Holdings, LLC | 1,740,151 | $17.6M | 0.07% | +328,391+23.3% | Added |
| Mackay Shields LLC | 1,233,578 | $12.5M | 0.44% | 00.0% | Unchanged |
| Morgan Stanley | 1,156,815 | $11.7M | 0.00% | −22,518−1.9% | Reduced |
| 1607 Capital Partners, LLC | 1,006,539 | $10.2M | 0.69% | −77,390−7.1% | Reduced |
| Rivernorth Capital Management, LLC | 932,084 | $9.43M | 0.45% | +121,226+15.0% | Added |
| Guggenheim Capital LLC | 761,618 | $7.71M | 0.06% | +68,682+9.9% | Added |
| Advisors Asset Management, Inc. | 737,420 | $7.46M | 0.13% | +174,032+30.9% | Added |
| UBS Group AG | 446,471 | $4.52M | 0.00% | −35,771−7.4% | Reduced |
| Rareview Capital LLC | 417,737 | $4.11M | 2.66% | +86,519+26.1% | Added |
| Fiera Capital Corp | 287,691 | $2.91M | 0.01% | +113,534+65.2% | Added |
| Van Eck Associates Corp | 246,891 | $2.50M | 0.00% | +32,031+14.9% | Added |
| Robinson Capital Management, LLC | 243,933 | $2.47M | 1.04% | +156,400+178.7% | Added |
| Professional Financial Management, Inc. | 230,149 | $2.33M | 2.64% | +230,149 | New |
| Hennion & Walsh Asset Management, Inc. | 220,081 | $2.23M | 0.08% | −16,225−6.9% | Reduced |
| Cohen & Steers, Inc. | 207,982 | $2.10M | 0.00% | 00.0% | Unchanged |
| Melfa Wealth Management, LLC | 203,897 | $2.07M | 1.19% | −21,093−9.4% | Reduced |
| Invesco Ltd. | 158,151 | $1.60M | 0.00% | +17,660+12.6% | Added |
| Worthington Financial Partners, LLC | 142,798 | $1.45M | 1.28% | +142,798 | New |
| Matisse Capital | 135,900 | $1.38M | 0.61% | 00.0% | Unchanged |
| Envestnet Asset Management Inc | 124,348 | $1.26M | 0.00% | −757−0.6% | Reduced |
| Park Avenue Securities LLC | 110,445 | $1.12M | 0.01% | −498−0.4% | Reduced |
| Saba Capital Management, L.P. | 110,116 | $1.11M | 0.04% | −902,015−89.1% | Reduced |
| Atala Financial Inc | 105,222 | $1.06M | 0.68% | +3,064+3.0% | Added |
| Ackerman Capital Advisors, LLC | 92,972 | $940.9K | 0.19% | +3,174+3.5% | Added |
| Raymond James Financial Inc | 88,139 | $892.0K | 0.00% | −12,936−12.8% | Reduced |
| Bank of America Corp | 85,469 | $864.9K | 0.00% | −24,857−22.5% | Reduced |
| Wells Fargo & Company | 81,265 | $822.4K | 0.00% | −10,773−11.7% | Reduced |
| WESCAP Management Group, Inc. | 76,482 | $774.0K | 0.16% | +34,581+82.5% | Added |
| LPL Financial LLC | 74,126 | $750.2K | 0.00% | −1,103−1.5% | Reduced |
| Balyasny Asset Management LLC | 73,748 | $746.3K | 0.00% | +73,748 | New |
| Karpus Management, Inc. | 68,199 | $690.2K | 0.02% | +68,199 | New |
| Cura Wealth Advisors, LLC | 68,000 | $688.2K | 0.26% | 00.0% | Unchanged |
| HighTower Advisors, LLC | 66,557 | $673.6K | 0.00% | +4,086+6.5% | Added |
| Riverbridge Partners LLC | 66,248 | $670.4K | 0.01% | −258−0.4% | Reduced |
| Noble Wealth Management PBC | 55,278 | $559.4K | 0.28% | +17,403+45.9% | Added |
| Bridgewater Advisors Inc. | 50,633 | $522.5K | 0.03% | +15,000+42.1% | Added |
| Blue Bell Private Wealth Management, LLC | 50,459 | $510.6K | 0.07% | −178−0.4% | Reduced |
| Plancorp, LLC | 50,009 | $506.1K | 0.02% | 00.0% | Unchanged |
| Sit Investment Associates Inc | 48,600 | $492.0K | 0.01% | 00.0% | Unchanged |
| Jane Street Group, LLC | 46,640 | $472.0K | 0.00% | +46,640 | New |
| Evolve Private Wealth, LLC | 46,253 | $470.6K | 0.03% | +46,253 | New |
| Citadel Advisors LLC | 44,164 | $446.9K | 0.00% | +44,164 | New |
| Horizon Kinetics Asset Management LLC | 41,396 | $418.9K | 0.01% | 00.0% | Unchanged |
| Royal Bank of Canada | 40,633 | $411.0K | 0.00% | +15,613+62.4% | Added |
| Evoke Wealth, LLC | 36,997 | $376.4K | 0.01% | −3,472−8.6% | Reduced |
| Thomas J. Herzfeld Advisors, Inc. | 32,348 | $327.4K | 0.11% | +32,348 | New |
| Nuveen, LLC | 32,107 | $324.9K | 0.00% | +11,262+54.0% | Added |
| Rockefeller Capital Management L.P. | 28,902 | $292.5K | 0.00% | −9,249−24.2% | Reduced |
| Warren Averett Asset Management, LLC | 28,198 | $285.4K | 0.00% | 00.0% | Unchanged |
| Closed-End Fund Advisors, Inc. | 27,931 | $282.7K | 0.17% | +27,931 | New |
| Ameriprise Financial Inc | 27,884 | $282.2K | 0.00% | −132−0.5% | Reduced |
| Integrated Capital Management, Inc. | 24,752 | $250.5K | 0.17% | +190+0.8% | Added |
| Wolverine Asset Management LLC | 22,709 | $229.8K | 0.00% | +22,709 | New |
| Commonwealth Equity Services, LLC | 22,526 | $228.0K | 0.00% | −3,941−14.9% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 22,417 | $227.0K | 0.00% | +2,750+14.0% | Added |
| Logan Stone Capital, LLC | 22,203 | $224.7K | 0.06% | −14,235−39.1% | Reduced |
| Bank of Montreal | 21,972 | $222.4K | 0.00% | +6,795+44.8% | Added |
| Nelson, Van Denburg & Campbell Wealth Management Group, LLC | 21,217 | $214.7K | 0.01% | +4,509+27.0% | Added |
| Rothschild Investment LLC | 21,200 | $214.5K | 0.01% | 00.0% | Unchanged |
| Charter Trust Co | 19,865 | $201.0K | 0.01% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 19,232 | $194.6K | 0.00% | 00.0% | Unchanged |
| XTX Topco Ltd | 18,379 | $186.0K | 0.00% | +18,379 | New |
| Kestra Advisory Services, LLC | 18,312 | $185.3K | 0.00% | +605+3.4% | Added |
| Virtu Financial LLC | 16,436 | $166.0K | 0.01% | +16,436 | New |
| Susquehanna International Group, LLP | 15,272 | $154.6K | 0.00% | +15,272 | New |
| Wiley Bros.-Aintree Capital, LLC | 15,094 | $152.8K | 0.00% | +15,094 | New |
| Tyche Wealth Partners LLC | 14,816 | $149.9K | 0.02% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 14,287 | $144.6K | 0.00% | −1,231−7.9% | Reduced |
| Alteri Wealth LLC | 13,104 | $132.6K | 0.04% | 00.0% | Unchanged |
| MML Investors Services, LLC | 12,659 | $128.1K | 0.00% | +740+6.2% | Added |
| Steward Partners Investment Advisory, LLC | 11,863 | $120.1K | 0.00% | 00.0% | Unchanged |
| Alesco Advisors LLC | 11,739 | $118.8K | 0.00% | 00.0% | Unchanged |
| Landscape Capital Management, L.L.C. | 10,713 | $108.4K | 0.01% | +10,713 | New |
| Belpointe Asset Management LLC | 10,370 | $104.9K | 0.00% | 00.0% | Unchanged |
| PFG Investments, LLC | 10,000 | $101.2K | 0.00% | +10,000 | New |
| Hollencrest Capital Management | 7,295 | $73.8K | 0.00% | +4,897+204.2% | Added |
| Elyxium Wealth, LLC | 4,248 | $43.0K | 0.01% | +4,248 | New |
| Farther Finance Advisors, LLC | 4,046 | $40.9K | 0.00% | 00.0% | Unchanged |
| Moisand Fitzgerald Tamayo, LLC | 3,736 | $37.8K | 0.00% | 00.0% | Unchanged |
| GWM Advisors LLC | 2,984 | $30.2K | 0.00% | 00.0% | Unchanged |
| Kilter Group LLC | 1,261 | $12.8K | 0.01% | +68+5.7% | Added |
| MAI Capital Management | 898 | $9.09K | 0.00% | +14+1.6% | Added |
| Highline Wealth Partners LLC | 800 | $8.10K | 0.00% | 00.0% | Unchanged |
| Comerica Bank | 33 | $334 | 0.00% | 00.0% | Unchanged |
| Williams Jones Wealth Management, LLC. | 0 | $0 | 0.00% | −17,289−100.0% | Sold out |
| US Bancorp | 0 | $0 | 0.00% | −4,803−100.0% | Sold out |
| Advisory Services Network, LLC | 0 | $0 | 0.00% | −3,356−100.0% | Sold out |
| Guerra Advisors Inc | – | – | – | – | Not filed |