Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NEUBERGER MUN FD INC (NBH)

81 + Investors. Track Smart Money conviction in NBH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +14
Streak
1Q ▲
Buyers last Q
64%

Smart Money Signals — NBH

Based on 81 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added NBH than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
81 hedge funds hold NBH right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +5% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 4 quarters from the low — a sharp move.
🟢

More buyers than sellers — 64% buying

41 buying23 selling
Last quarter: 41 funds were net buyers (17 opened a brand new position + 24 added to an existing one). Only 23 were sellers (20 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter
Funds opening a new NBH position: 8 → 8 → 4 → 17. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 23% medium ■ 22% new
44 out of 81 hedge funds have held NBH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +5%, value -99%

Value
-99%
Shares
+4%
Last quarter: funds added +5% more shares while total portfolio value only changed -99%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

16 → 8 → 8 → 4 → 17 new funds/Q
New funds entering each quarter: 8 → 8 → 4 → 17. A growing number of institutions are discovering NBH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 48% of holders stayed 2+ years

■ 48% veterans ■ 19% 1-2yr ■ 33% new
Of 81 current holders: 39 (48%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
12 of 81 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NBH

In 2025 Q4, 41 hedge funds were net buyers of NBH (17 opened a new position, 24 added to an existing one), while 23 reduced or exited (20 trimmed, 3 sold completely) — a 64% buyer ratio, indicating clear institutional accumulation. 28% of total institutional value in NBH is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +14 funds (more new holders than closures). Total institutional holders: 81.

Hedge Fund Ownership: NBH

How many hedge funds hold NBH — quarterly history vs. share price
Quarterly hedge fund ownership of NBH vs. share price

Market Analysis: NBH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NBH

Financial Services Asset Management

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 1 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: NBH
2026 Q1 Stats Unlock in 8 days 81 + Investors

Track Smart Money conviction in NBH. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 81 67 20.9%
13F Shares 13M 12M 4.89%
Total Value $128M $12.84B -99.01%
New Positions 17 4 +13
Increased Positions 24 28 -4
Closed Positions 3 9 -6
Reduced Positions 20 17 +3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NBH

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

81 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NBH. Verified SEC 13F-HR filings.

Top 25 institutional holders of NBH — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rareview Capital LLC 2.67% 462,461 $4.5M
2 Professional Financial Management, Inc. 2.64% 230,149 $2.3M
3 ROBINSON CAPITAL MANAGEMENT, LLC 1.82% 425,260 $4.3M
4 Worthington Financial Partners, LLC 1.25% 143,830 $1.5M
5 MELFA WEALTH MANAGEMENT, INC. 1.20% 206,547 $2.1M
6 Atala Financial Inc 0.71% 105,286 $1.1M
7 Matisse Capital 0.59% 135,900 $1.4M
8 Noble Wealth Management PBC 0.38% 75,297 $764K
9 Closed-End Fund Advisors, Inc. 0.32% 30,916 $314K
10 CURA WEALTH ADVISORS, LLC 0.31% 68,000 $690K
11 MACKAY SHIELDS LLC 0.23% 623,277 $6.3M
12 WESCAP Management Group, Inc. 0.22% 111,026 $1.1M
13 INTEGRATED CAPITAL MANAGEMENT, INC. 0.16% 23,386 $237K
14 Ackerman Capital Advisors, LLC 0.14% 69,133 $702K
15 Pathstone Holdings, LLC 0.08% 2,035,040 $20.7M
16 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.07% 49,825 $506K
17 IFG Advisory, LLC 0.06% 2,000 $20K
18 Alteri Wealth LLC 0.04% 12,754 $129K
19 EVOLVE PRIVATE WEALTH, LLC 0.02% 45,899 $466K
20 Tyche Wealth Partners LLC 0.02% 14,816 $150K
21 RIVERBRIDGE PARTNERS LLC 0.02% 78,119 $793K
22 Plancorp, LLC 0.01% 50,009 $509K
23 BAR HARBOR WEALTH MANAGEMENT 0.01% 19,865 $202K
24 ROTHSCHILD INVESTMENT LLC 0.01% 21,200 $215K
25 Summit Trail Advisors, LLC 0.01% 67,906 $689K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — NEUBERGER MUN FD INC (NBH)

What does the Smart Money Trend signal show for NBH?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added NBH than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NBH?

More buyers than sellers — 64% buying: Last quarter: 41 funds were net buyers (17 opened a brand new position + 24 added to an existing one). Only 23 were sellers (20 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NBH holders?

Strong quality — 28% AUM from major funds: 12 of 81 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held NBH?

54% of holders stayed for 2+ years: 44 out of 81 hedge funds have held NBH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.