NEUBERGER MUNICIPAL FUND INC. - Common Shares, $0.0001 par value (NBH) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Shares, $0.0001 par value
Symbol
NBH on NYSE
Shares outstanding
29,615,992
Price per share
$10.29
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
12,553,144
Total reported value
$126,937,174
% of total 13F portfolios
0%
Share change
+417,095
Value change
+$4,192,775
Number of holders
82
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of NEUBERGER MUNICIPAL FUND INC. - Common Shares, $0.0001 par value (NBH) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Saba Capital Management, L.P. 4.9% -9.4% $14,410,846 -$1,371,317 1,463,030 -8.7% Saba Capital Management, L.P. 13 Aug 2025

As of 31 Dec 2025, 82 institutional investors reported holding 12,553,144 shares of NEUBERGER MUNICIPAL FUND INC. - Common Shares, $0.0001 par value (NBH). This represents 42% of the company’s total 29,615,992 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of NEUBERGER MUNICIPAL FUND INC. - Common Shares, $0.0001 par value (NBH) together control 37% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Pathstone Holdings, LLC 5.9% 1,740,151 +23% 0.07% $17,610,329
MACKAY SHIELDS LLC 4.2% 1,233,578 0% 0.44% $12,483,809
MORGAN STANLEY 3.9% 1,156,814 -1.9% 0% $11,706,958
1607 Capital Partners, LLC 3.4% 1,006,539 -7.1% 0.69% $10,186,175
RIVERNORTH CAPITAL MANAGEMENT, LLC 3.1% 932,084 +15% 0.45% $9,432,690
GUGGENHEIM CAPITAL LLC 2.6% 761,618 +9.9% 0.06% $7,707,574
Advisors Asset Management, Inc. 2.5% 737,420 +31% 0.13% $7,462,690
UBS Group AG 1.5% 446,471 -7.4% 0% $4,518,286
Rareview Capital LLC 1.4% 417,737 +26% 2.7% $4,106,350
Fiera Capital Corp 0.97% 287,691 +65% 0.01% $2,911,433
VAN ECK ASSOCIATES CORP 0.83% 246,891 +15% 0% $2,499,000
ROBINSON CAPITAL MANAGEMENT, LLC 0.82% 243,933 +179% 1% $2,468,602
Hennion & Walsh Asset Management, Inc. 0.74% 220,081 -6.9% 0.08% $2,227,220
COHEN & STEERS, INC. 0.7% 207,982 0% 0% $2,105,000
MELFA WEALTH MANAGEMENT, INC. 0.69% 203,897 -9.4% 1.2% $2,068,498
Invesco Ltd. 0.53% 158,151 +13% 0% $1,600,488
Matisse Capital 0.46% 135,900 0% 0.61% $1,375,308
ENVESTNET ASSET MANAGEMENT INC 0.42% 124,348 -0.61% 0% $1,258,406
PARK AVENUE SECURITIES LLC 0.37% 110,445 -0.45% 0.01% $1,118,000
Saba Capital Management, L.P. 0.37% 110,116 -89% 0.04% $1,114,374
Atala Financial Inc 0.36% 105,222 +3% 0.69% $1,064,846
Ackerman Capital Advisors, LLC 0.31% 92,972 +3.5% 0.19% $940,877
RAYMOND JAMES FINANCIAL INC 0.3% 88,139 -13% 0% $891,974
BANK OF AMERICA CORP /DE/ 0.29% 85,469 -23% 0% $864,946
WELLS FARGO & COMPANY/MN 0.27% 81,265 -12% 0% $822,401

Institutional Holders of NEUBERGER MUNICIPAL FUND INC. - Common Shares, $0.0001 par value (NBH) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 12,553,144 $126,937,174 +$4,192,775 $10.12 82
2025 Q3 12,062,220 $124,314,626 -$828,084 $10.32 71
2025 Q2 12,093,147 $118,875,665 +$3,452,968 $9.83 73
2025 Q1 11,818,925 $123,106,870 +$3,699,243 $10.40 75
2024 Q4 11,545,382 $119,513,678 +$5,870,564 $10.35 78
2024 Q3 10,832,748 $120,267,539 +$394,569 $11.11 73
2024 Q2 10,833,763 $115,692,096 +$3,795,334 $10.68 81
2024 Q1 10,416,473 $109,026,187 +$6,439,013 $10.47 87
2023 Q4 9,804,009 $101,502,781 +$54,913,153 $10.35 79
2023 Q3 4,314,486 $39,724,369 +$3,603,755 $9.21 55
2023 Q2 3,904,543 $40,177,676 +$3,290,375 $10.28 55
2023 Q1 3,572,783 $39,016,744 -$2,246,376 $10.95 53
2022 Q4 3,790,766 $39,595,979 +$3,179,193 $10.42 55
2022 Q3 3,482,470 $35,256,235 +$3,701,208 $10.12 50
2022 Q2 3,107,669 $34,807,146 +$1,402,161 $11.19 53
2022 Q1 2,977,871 $39,559,306 -$293,762 $13.28 46
2021 Q4 3,003,089 $46,017,539 +$287,485 $15.32 49
2021 Q3 2,929,006 $47,009,876 -$339,886 $16.05 45
2021 Q2 2,949,496 $47,457,492 -$2,754,345 $16.09 43
2021 Q1 3,120,560 $49,562,838 -$807,883 $15.88 47
2020 Q4 2,197,665 $33,402,543 +$1,427,117 $15.20 50
2020 Q3 2,104,730 $32,298,255 +$179,829 $15.40 43
2020 Q2 2,016,794 $28,001,077 -$2,689,592 $13.88 42
2020 Q1 2,202,759 $32,267,584 -$908,784 $14.65 41
2019 Q4 2,206,613 $34,013,786 +$98,012 $15.41 40
2019 Q3 2,270,768 $35,083,441 +$26,870 $15.45 42
2019 Q2 2,275,414 $33,179,621 -$8,196,456 $14.58 43
2019 Q1 2,788,525 $40,026,700 -$1,319,784 $14.35 40
2018 Q4 2,920,921 $36,983,989 +$5,099,008 $12.66 47
2018 Q3 2,516,871 $33,854,497 -$3,405,695 $13.45 40
2018 Q2 2,718,693 $37,061,255 +$3,219,684 $13.63 44
2018 Q1 2,530,970 $34,914,888 +$3,807,327 $13.77 42
2017 Q4 2,185,778 $32,323,000 +$948,012 $14.79 41
2017 Q3 2,020,522 $31,034,828 +$1,917,027 $15.36 36
2017 Q2 1,895,818 $28,857,700 +$671,447 $15.22 34
2017 Q1 1,857,368 $27,580,300 +$4,795,409 $14.85 36
2016 Q4 1,530,539 $24,884,372 -$174,098 $16.26 30
2016 Q3 1,540,993 $25,579,000 -$2,514,069 $16.60 31
2016 Q2 1,691,966 $28,379,000 -$964,660 $16.77 31
2016 Q1 1,749,506 $28,362,000 -$1,168,208 $16.21 34
2015 Q4 1,822,804 $28,664,000 +$183,771 $15.72 34
2015 Q3 1,805,425 $27,521,000 +$10,198 $15.24 31
2015 Q2 1,806,160 $26,911,235 -$790,252 $14.90 31
2015 Q1 1,853,667 $28,819,333 -$1,466,852 $15.55 33
2014 Q4 1,947,444 $30,418,343 -$2,723,143 $15.62 32
2014 Q3 2,055,314 $30,592,286 +$1,885,361 $14.88 34
2014 Q2 1,928,495 $29,694,510 +$1,518,992 $15.40 35
2014 Q1 1,830,213 $26,522,644 +$581,544 $14.49 34