NEUBERGER MUNICIPAL FUND INC. (NBH) — Institutional Holders, Q2 2026
77 institutional investment managers reported a NBH position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $134.7M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
NBH in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- PathstoneAdded · +307,180 sh+$3.2M
- Allspring Global InvestmentsNew · +152,052 sh+$1.6M
- SIT INVESTMENT ASSOCIATESAdded · +137,180 sh+$1.4M
- ROBINSON CAPITAL MANAGEMENTAdded · +87,042 sh+$918.3K
- Advisors Asset ManagementAdded · +80,205 sh+$846.2K
Biggest sellers
- MACKAY SHIELDSSold out · -623,277 sh-$6.6M
- 1607 Capital PartnersTrimmed · -199,909 sh-$2.1M
- Rareview CapitalTrimmed · -65,844 sh-$694.7K
- Hennion & Walsh Asset ManagementTrimmed · -59,225 sh-$624.8K
- EVOKE WEALTHSold out · -36,997 sh-$390.3K
NBH 13F holders ranked 1–77 of 77
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | Pathstone#1 · 2,342,220 sh | 2,342,220 | $24.7M | 0.07% | +15.1% |
| 2 | MORGAN STANLEY#2 · 1,342,907 sh | 1,342,907 | $14.2M | <0.01% | +0.1% |
| 3 | RIVERNORTH CAPITAL MANAGEMENT#3 · 937,491 sh | 937,491 | $9.9M | 0.47% | +0.8% |
| 4 | 1607 Capital Partners#4 · 806,630 sh | 806,630 | $8.5M | 0.74% | -19.9% |
| 5 | Advisors Asset Management#5 · 805,862 sh | 805,862 | $8.5M | 0.13% | +11.1% |
| 6 | GUGGENHEIM CAPITAL#6 · 710,279 sh | 710,279 | $7.5M | 0.05% | -3.5% |
| 7 | ROBINSON CAPITAL MANAGEMENT#7 · 512,302 sh | 512,302 | $5.4M | 2.39% | +20.5% |
| 8 | UBS Group AG#8 · 500,488 sh | 500,488 | $5.3M | <0.01% | +5.7% |
| 9 | Rareview Capital#9 · 396,617 sh | 396,617 | $3.9M | 2.18% | -14.2% |
| 10 | VAN ECK ASSOCIATES#10 · 281,107 sh | 281,107 | $3.0M | <0.01% | +0.4% |
| 11 | SIT INVESTMENT ASSOCIATES#11 · 250,226 sh | 250,226 | $2.6M | 0.05% | +121.3% |
| 12 | Professional Financial Management#12 · 243,660 sh | 243,660 | $2.6M | — | -2.2% |
| 13 | COHEN & STEERS#13 · 222,982 sh | 222,982 | $2.4M | <0.01% | +2.3% |
| 14 | MELFA WEALTH MANAGEMENT#14 · 189,301 sh | 189,301 | $2.0M | 1.08% | -8.3% |
| 15 | BANK OF AMERICA#15 · 167,221 sh | 167,221 | $1.8M | <0.01% | +63.3% |
| 16 | Hennion & Walsh Asset Management#16 · 159,603 sh | 159,603 | $1.7M | — | -27.1% |
| 17 | Invesco Ltd.#17 · 152,814 sh | 152,814 | $1.6M | <0.01% | -3.3% |
| 18 | Allspring Global Investments#18 · 152,052 sh | 152,052 | $1.6M | <0.01% | New |
| 19 | Fiera Capital#19 · 150,606 sh | 150,606 | $1.6M | <0.01% | -3.6% |
| 20 | Worthington Financial Partners#20 · 134,893 sh | 134,893 | $1.4M | — | -6.2% |
| 21 | ENVESTNET ASSET MANAGEMENT#21 · 132,804 sh | 132,804 | $1.4M | <0.01% | +4.0% |
| 22 | Matisse Capital#22 · 123,161 sh | 123,161 | $1.3M | 0.52% | -9.4% |
| 23 | LPL Financial#23 · 118,187 sh | 118,187 | $1.2M | <0.01% | +54.0% |
| 24 | WESCAP Management Group#24 · 116,400 sh | 116,400 | $1.2M | 0.23% | +4.8% |
| 25 | PARK AVENUE SECURITIES#25 · 107,709 sh | 107,709 | $1.1M | — | -3.3% |
| 26 | Atala Financial#26 · 107,255 sh | 107,255 | $1.1M | — | +1.9% |
| 27 | RAYMOND JAMES FINANCIAL#27 · 91,128 sh | 91,128 | $961.4K | <0.01% | +3.0% |
| 28 | Karpus Management#28 · 81,821 sh | 81,821 | $863.2K | 0.02% | -1.4% |
| 29 | WELLS FARGO & COMPANY#29 · 80,300 sh | 80,300 | $847.2K | <0.01% | +0.1% |
| 30 | Noble Wealth Management PBC#30 · 75,613 sh | 75,613 | $797.7K | — | +0.4% |
| 31 | RIVERBRIDGE PARTNERS#31 · 75,573 sh | 75,573 | $797.3K | 0.02% | -3.3% |
| 32 | Thomas J. Herzfeld Advisors#32 · 71,978 sh | 71,978 | $759.4K | 0.23% | New |
| 33 | CURA WEALTH ADVISORS#33 · 68,000 sh | 68,000 | $717.4K | 0.31% | 0.0% |
| 34 | Summit Trail Advisors#34 · 65,291 sh | 65,291 | $688.8K | <0.01% | -3.9% |
| 35 | Ackerman Capital Advisors#35 · 57,631 sh | 57,631 | $608.0K | 0.12% | -16.6% |
| 36 | Bank of New York Mellon#36 · 55,404 sh | 55,404 | $584.5K | <0.01% | +151.4% |
| 37 | HighTower Advisors#37 · 53,110 sh | 53,110 | $560.3K | <0.01% | -7.0% |
| 38 | ROTHSCHILD INVESTMENT#38 · 51,200 sh | 51,200 | $540.2K | 0.02% | +141.5% |
| 39 | Bridgewater Advisors#39 · 52,633 sh | 52,633 | $532.6K | 0.03% | +3.9% |
| 40 | BLUE BELL PRIVATE WEALTH MANAGEMENT#40 · 49,534 sh | 49,534 | $522.6K | 0.07% | -0.6% |
| 41 | Plancorp#41 · 50,009 sh | 50,009 | $519.1K | 0.01% | 0.0% |
| 42 | HORIZON KINETICS ASSET MANAGEMENT#42 · 41,396 sh | 41,396 | $436.7K | <0.01% | 0.0% |
| 43 | ROYAL BANK OF CANADA#43 · 40,479 sh | 40,479 | $427.0K | <0.01% | +0.9% |
| 44 | MAI Capital Management#44 · 37,924 sh | 37,924 | $402.1K | <0.01% | +4058.3% |
| 45 | Nuveen#45 · 37,338 sh | 37,338 | $393.9K | <0.01% | 0.0% |
| 46 | Cambridge Investment Research Advisors#46 · 34,959 sh | 34,959 | $369.0K | <0.01% | +36.9% |
| 47 | Closed-End Fund Advisors#47 · 30,916 sh | 30,916 | $326.2K | 0.32% | 0.0% |
| 48 | Rockefeller Capital Management L.P.#48 · 29,742 sh | 29,742 | $313.8K | <0.01% | +1.2% |
| 49 | Waverly Advisors#49 · 28,408 sh | 28,408 | $299.7K | <0.01% | 0.0% |
| 50 | CITADEL ADVISORS#50 · 27,655 sh | 27,655 | $291.8K | 0.00% | New |
| 51 | AMERIPRISE FINANCIAL#51 · 26,731 sh | 26,731 | $282.0K | <0.01% | -0.5% |
| 52 | WILEY BROS.-AINTREE CAPITAL#52 · 24,991 sh | 24,991 | $263.7K | <0.01% | +33.1% |
| 53 | Kestra Advisory Services#53 · 23,764 sh | 23,764 | $250.7K | <0.01% | +20.3% |
| 54 | OSAIC#54 · 22,718 sh | 22,718 | $239.7K | <0.01% | +20.2% |
| 55 | EVOLVE PRIVATE WEALTH#55 · 20,747 sh | 20,747 | $220.0K | 0.01% | -54.8% |
| 56 | INTEGRATED CAPITAL MANAGEMENT#56 · 20,528 sh | 20,528 | $216.6K | — | -12.2% |
| 57 | BAR HARBOR WEALTH MANAGEMENT#57 · 19,865 sh | 19,865 | $209.6K | — | 0.0% |
| 58 | COMMONWEALTH EQUITY SERVICES#58 · 19,727 sh | 19,727 | $208.1K | <0.01% | -12.8% |
| 59 | JANE STREET GROUP#59 · 18,838 sh | 18,838 | $198.7K | 0.00% | New |
| 60 | NewEdge Advisors#60 · 16,584 sh | 16,584 | $175.0K | <0.01% | New |
| 61 | Virtu Financial#61 · 15,058 sh | 15,058 | $159.0K | <0.01% | New |
| 62 | Tyche Wealth Partners#62 · 14,816 sh | 14,816 | $156.3K | 0.02% | 0.0% |
| 63 | Nelson, Van Denburg & Campbell Wealth Management Group#63 · 13,469 sh | 13,469 | $142.1K | — | -38.0% |
| 64 | Alteri Wealth#64 · 12,754 sh | 12,754 | $134.6K | 0.04% | 0.0% |
| 65 | MML INVESTORS SERVICES#65 · 12,373 sh | 12,373 | $130.5K | <0.01% | +15.8% |
| 66 | ALESCO ADVISORS#66 · 11,739 sh | 11,739 | $123.8K | <0.01% | 0.0% |
| 67 | Cetera Investment Advisers#67 · 11,611 sh | 11,611 | $122.5K | <0.01% | New |
| 68 | HOLLENCREST SECURITIES#68 · 9,687 sh | 9,687 | $102.2K | <0.01% | 0.0% |
| 69 | Steward Partners Investment Advisory#69 · 6,913 sh | 6,913 | $72.9K | <0.01% | -36.7% |
| 70 | Farther Finance Advisors#70 · 4,046 sh | 4,046 | $42.9K | — | 0.0% |
| 71 | Moisand Fitzgerald Tamayo#71 · 3,736 sh | 3,736 | $39.4K | — | 0.0% |
| 72 | Penserra Capital Management#72 · 3,228 sh | 3,228 | $34.0K | <0.01% | +200.0% |
| 73 | MATHER GROUP#73 · 2,634 sh | 2,634 | $27.8K | — | -12.1% |
| 74 | HUNTINGTON NATIONAL BANK#74 · 2,329 sh | 2,329 | $24.6K | <0.01% | 0.0% |
| 75 | Community Financial Services Group#75 · 1,510 sh | 1,510 | $16.0K | — | 0.0% |
| 76 | HIGHLINE WEALTH PARTNERS#76 · 800 sh | 800 | $8.4K | — | 0.0% |
| 77 | Cape Investment Advisory#77 · 535 sh | 535 | $5.6K | — | New |
Funds that sold out of NBH in Q2 2026 (8)
Held NBH at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| MACKAY SHIELDS623,277 sh | 623,277 | $6.3M |
| EVOKE WEALTH36,997 sh | 36,997 | $377.5K |
| BANK OF MONTREAL11,414 sh | 11,414 | $115.9K |
| NOMURA10,000 sh | 10,000 | $101.5K |
| Advisory Services Network3,356 sh | 3,356 | $34.1K |
| IFG Advisory2,000 sh | 2,000 | $20.3K |
| WOLVERINE ASSET MANAGEMENT899 sh | 899 | $9.1K |
| FIFTH THIRD BANCORP33 sh | 33 | $335.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.