NBH · Neuberger Municipal Fund Inc.

$10.05 +0.03 (+0.30%) At close · Sep 4

Market Cap

$304.18M

29.62M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 77

Total Value: $134,988,513

Total Shares: 12,794,550

Institutional Ownership Trend

26 quarters

Holder Concentration

Across 77 13F filers · Δ vs Mar 31, 2026

Top Holder

18.3%

+2.3 pts

Top 5

48.7%

+1.3 pts

Top 10

67.5%

−1.3 pts

HHI

686

Broadly held+45

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -1

Institutional value: +4.4%

Shares held: +0.4%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Large Pathstone Holdings, LLC	+307,180	2,342,220
Mid SIT INVESTMENT ASSOCIATES INC	+137,180	250,226
Small ROBINSON CAPITAL MANAGEMENT, LLC	+87,042	512,302
Mid Advisors Asset Management, Inc.	+80,205	805,862
Mega BANK OF AMERICA CORP /DE/	+64,790	167,221

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mid 1607 Capital Partners, LLC	−199,909	806,630
Small Rareview Capital LLC	−65,844	396,617
Mid Hennion & Walsh Asset Management, Inc.	−59,225	159,603
Large GUGGENHEIM CAPITAL LLC	−25,972	710,279
Mid EVOLVE PRIVATE WEALTH, LLC	−25,152	20,747

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Large Allspring Global Investments Holdings, LLC	152,052	$1,604,148
Small Thomas J. Herzfeld Advisors, Inc.	71,978	$759,367
Mega CITADEL ADVISORS LLC	27,655	$291,760
Mega JANE STREET GROUP, LLC	18,838	$198,740
Mid Virtu Financial LLC	15,058	$158,861

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Small MACKAY SHIELDS LLC	623,277	$6,326,261
Micro EVOKE WEALTH, LLC	36,997	$375,519
Mega BANK OF MONTREAL /CAN/	11,414	$115,852
Large NOMURA HOLDINGS INC	10,000	$101,500
Mid Advisory Services Network, LLC	3,356	$34,063

Filter: New 7 Increased 30 Reduced 24 Sold out 8 Unchanged 16

Showing 77 of 77

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Pathstone Holdings, LLC

$24,710,420

18.31%

2,342,220

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ADVISOR PARTNERS II, LLC	2,330,667	$24,588,536	99.5%	Defined
Held directly	11,553	$121,884	0.5%	Sole

MORGAN STANLEY

$14,167,668

10.50%

1,342,907

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	1,342,907	$14,167,668	100.0%	Defined

RIVERNORTH CAPITAL MANAGEMENT, LLC

$9,890,530

7.33%

937,491

1607 Capital Partners, LLC

$8,509,946

6.30%

806,630

Advisors Asset Management, Inc.

$8,501,844

6.30%

805,862

GUGGENHEIM CAPITAL LLC

$7,493,443

5.55%

710,279

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GUGGENHEIM FUNDS DISTRIBUTORS, LLC	710,279	$7,493,443	100.0%	Defined

ROBINSON CAPITAL MANAGEMENT, LLC

$5,404,786

4.00%

512,302

UBS Group AG

$5,280,148

3.91%

500,488

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	500,488	$5,280,148	100.0%	Defined

Rareview Capital LLC

$4,184,309

3.10%

396,617

VAN ECK ASSOCIATES CORP

$2,965,678

2.20%

281,107

SIT INVESTMENT ASSOCIATES INC

$2,639,884

1.96%

250,226

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SIT FIXED INCOME ADVISORS II LLC /ADV	250,226	$2,639,884	100.0%	Sole

Professional Financial Management, Inc.

$2,570,613

1.90%

243,660

COHEN & STEERS, INC.

$2,352,460

1.74%

222,982

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Cohen & Steers Capital Management Inc	222,982	$2,352,460	100.0%	Sole

MELFA WEALTH MANAGEMENT, INC.

$1,997,125

1.48%

189,301

BANK OF AMERICA CORP /DE/

$1,764,181

1.31%

167,221

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	167,221	$1,764,181	100.0%	Defined

Hennion & Walsh Asset Management, Inc.

$1,683,811

1.25%

159,603

Invesco Ltd.

$1,612,187

1.19%

152,814

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Investment Advisers LLC	152,814	$1,612,187	100.0%	Defined

Allspring Global Investments Holdings, LLC

$1,604,148

1.19%

152,052

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Allspring Global Investments, LLC reporting on behalf of UBS ASSET MANAGEMENT AMERICAS INC	152,052	$1,604,148	100.0%	Defined

Fiera Capital Corp

$1,588,893

1.18%

150,606

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fiera Capital Inc.	150,606	$1,588,893	100.0%	Other

Worthington Financial Partners, LLC

$1,423,121

1.05%

134,893

ENVESTNET ASSET MANAGEMENT INC

$1,401,082

1.04%

132,804

Matisse Capital

$1,299,348

0.96%

123,161

LPL Financial LLC

$1,246,872

0.92%

118,187

WESCAP Management Group, Inc.

$1,228,020

0.91%

116,400

PARK AVENUE SECURITIES LLC

$1,136,329

0.84%

107,709

Atala Financial Inc

$1,131,540

0.84%

107,255

RAYMOND JAMES FINANCIAL INC

$961,399

0.71%

91,128

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	66,398	$700,498	72.9%	Defined
Raymond James Financial Services Advisors, Inc.	24,730	$260,901	27.1%	Defined

Karpus Management, Inc.

$863,211

0.64%

81,821

WELLS FARGO & COMPANY/MN

$847,164

0.63%

80,300

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	11,602	$122,401	14.4%	Defined
WELLS FARGO CLEARING SERVICES, LLC	68,698	$724,763	85.6%	Defined

Noble Wealth Management PBC

$803,766

0.60%

75,613

RIVERBRIDGE PARTNERS LLC

$797,295

0.59%

75,573

Thomas J. Herzfeld Advisors, Inc.

$759,367

0.56%

71,978

CURA WEALTH ADVISORS, LLC

$717,400

0.53%

68,000

Summit Trail Advisors, LLC

$688,820

0.51%

65,291

Ackerman Capital Advisors, LLC

$608,007

0.45%

57,631

Bank of New York Mellon Corp

$584,511

0.43%

55,404

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BNY Mellon, NA	55,403	$584,501	100.0%	Defined
Held directly	1	$10	0.0%	Defined

HighTower Advisors, LLC

$560,310

0.42%

53,110

Bridgewater Advisors Inc.

$555,278

0.41%

52,633

ROTHSCHILD INVESTMENT LLC

$540,160

0.40%

51,200

Plancorp, LLC

$527,594

0.39%

50,009

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC

$522,583

0.39%

49,534

HORIZON KINETICS ASSET MANAGEMENT LLC

$436,727

0.32%

41,396

ROYAL BANK OF CANADA

$427,053

0.32%

40,479

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	40,479	$427,053	100.0%	Defined

MAI Capital Management

$400,097

0.30%

37,924

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
EVOKE WEALTH, LLC	36,997	$390,318	97.6%	Defined
Held directly	927	$9,779	2.4%	Sole

Nuveen, LLC

$393,915

0.29%

37,338

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nuveen Asset Management, LLC joint	37,338	$393,915	100.0%	Defined

Cambridge Investment Research Advisors, Inc.

$368,817

0.27%

34,959

Closed-End Fund Advisors, Inc.

$326,163

0.24%

30,916

Rockefeller Capital Management L.P.

$313,778

0.23%

29,742

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ROCKEFELLER FINANCIAL LLC	29,742	$313,778	100.0%	Defined

Waverly Advisors, LLC

$299,704

0.22%

28,408

CITADEL ADVISORS LLC

$291,760

0.22%

27,655

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	27,655	$291,760	100.0%	Defined

AMERIPRISE FINANCIAL INC

$282,012

0.21%

26,731

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Ameriprise Financial Services, LLC	26,731	$282,012	100.0%	Defined

&PARTNERS

$263,655

0.20%

24,991

Kestra Advisory Services, LLC

$250,710

0.19%

23,764

OSAIC HOLDINGS, INC.

$239,674

0.18%

22,718

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	22,718	$239,674	100.0%	Defined

EVOLVE PRIVATE WEALTH, LLC

$218,880

0.16%

20,747

INTEGRATED CAPITAL MANAGEMENT, INC.

$216,570

0.16%

20,528

BAR HARBOR WEALTH MANAGEMENT

$209,575

0.16%

19,865

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BAR HARBOR BANKSHARES	19,865	$209,575	100.0%	Defined

COMMONWEALTH EQUITY SERVICES, LLC

$208,119

0.15%

19,727

JANE STREET GROUP, LLC

$198,740

0.15%

18,838

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	16,784	$177,071	89.1%	Defined
Jane Street Global Trading, LLC	2,054	$21,669	10.9%	Defined

NewEdge Advisors, LLC

$174,961

0.13%

16,584

Virtu Financial LLC

$158,861

0.12%

15,058

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Virtu Americas LLC	15,058	$158,861	100.0%	Defined

Tyche Wealth Partners LLC

$156,308

0.12%

14,816

Avior Wealth Management, LLC

$142,097

0.11%

13,469

Alteri Wealth LLC

$134,554

0.10%

12,754

MML INVESTORS SERVICES, LLC

$130,535

0.10%

12,373

Alesco Advisors, LLC, An ESL Co

$123,846

0.09%

11,739

Cetera Investment Advisers

$122,496

0.09%

11,611

HOLLENCREST CAPITAL MANAGEMENT

$102,197

0.08%

9,687

Steward Partners Investment Advisory, LLC

$72,932

0.05%

6,913

Farther Finance Advisors, LLC

$42,685

0.03%

4,046

Moisand Fitzgerald Tamayo, LLC

$39,414

0.03%

3,736

Penserra Capital Management LLC

$34,055

0.03%

3,228

MATHER GROUP, LLC.

$27,788

0.02%

2,634

HUNTINGTON NATIONAL BANK

$24,570

0.02%

2,329

Community Financial Services Group, LLC

$15,930

0.01%

1,510

HIGHLINE WEALTH PARTNERS LLC

$8,440

0.01%

800

Cape Investment Advisory, Inc.

$5,644

0.00%

535

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BMO Family Office, LLC	11,414	$115,852	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NOMURA GLOBAL FINANCIAL PRODUCTS INC	10,000	$101,500	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	899	$9,124	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fifth Third Bank, National Association	33	$334	100.0%	Defined

Key facts CIK 1178839 CUSIP 64124P101 13F (30d) 60 filings 48 filers Visit website