Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Neuberger Mun Fd Inc (NBH)

77 + 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
↓ -4
Streak
1Q ▼
Buyers last Q
55%

Smart Money Signals — NBH

Based on 77 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NBH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
77 funds currently hold this stock — 93% of the 3.0-year high of 83 funds (reached 2024 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+3 new funds entered over the past year (+4% 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 3 quarters from the low — a sharp move.
🟡

Slight buying edge — 55% buying

43 buying35 selling
Last quarter: 43 funds bought or added vs 35 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 8 → 4 → 17 → 11. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 22% medium ■ 14% new
49 out of 77 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.
📈

Growing discovery — still being found

8 → 8 → 4 → 17 → 11 new funds/Q
New funds entering each quarter: 8 → 4 → 17 → 11. A growing number of institutions are discovering NBH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 61% of holders stayed 2+ years

■ 61% veterans ■ 16% 1-2yr ■ 23% new
Of 77 current holders: 47 (61%) 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 — 21% AUM from major funds

21% from top-100 AUM funds
12 of 77 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 2026 Q1, 43 hedge funds were net buyers of NBH (11 opened a new position, 32 added to an existing one), while 35 reduced or exited (20 trimmed, 15 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 21% of total institutional value in NBH is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 77.

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

-- --

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

Is It Too Late to Buy Neuberger Mun Fd Inc (NBH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NBH has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
NBH
+2.7%
XLF
+9.5%

NBH outperformed XLF by -6.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
NBH
+1.1%
XLF
+5.8%

Since the filing became public, NBH outperformed XLF by -4.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 2 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: NBH
77 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 77 81 -4.94%
13F Shares 13M 13M 0.86%
Total Value $121M $128M -4.82%
New Positions 11 17 -6
Increased Positions 32 24 +8
Closed Positions 15 3 +12
Reduced Positions 20 20 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NBH

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Institutional Holders (2026 Q1)

77 + investors

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

QUARTER:
Top 25 NBH holders by conviction (% of portfolio weight) — 2026 Q1 · 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 1607 Capital Partners, LLC 0.74% 1,006,539 $10.2M
7 Atala Financial Inc 0.71% 105,286 $1.1M
8 Matisse Capital 0.59% 135,900 $1.4M
9 Rivernorth Capital Management, LLC 0.47% 929,775 $9.4M
10 Noble Wealth Management PBC 0.38% 75,297 $764K
11 Closed-End Fund Advisors, Inc. 0.32% 30,916 $314K
12 Cura Wealth Advisors, LLC 0.31% 68,000 $690K
13 Mackay Shields LLC 0.23% 623,277 $6.3M
14 WESCAP Management Group, Inc. 0.22% 111,026 $1.1M
15 Integrated Capital Management, INC. 0.16% 23,386 $237K
16 Ackerman Capital Advisors, LLC 0.14% 69,133 $702K
17 Advisors Asset Management, Inc. 0.12% 725,657 $7.4M
18 Pathstone Holdings, LLC 0.08% 2,035,040 $20.7M
19 Hennion & Walsh Asset Management, Inc. 0.07% 218,828 $2.2M
20 Blue Bell Private Wealth Management, LLC 0.07% 49,825 $506K
21 IFG Advisory, LLC 0.06% 2,000 $20K
22 Guggenheim Capital LLC 0.06% 736,251 $7.5M
23 Alteri Wealth LLC 0.04% 12,754 $129K
24 Bridgewater Advisors Inc. 0.03% 50,633 $526K
25 Karpus Management, Inc. 0.03% 83,021 $843K
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NBH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NBH?

Slight buying edge — 55% buying: Last quarter: 43 funds bought or added vs 35 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NBH holders?

Strong quality — 21% AUM from major funds: 12 of 77 holders rank in the top 100 by AUM, accounting for 21% 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?

64% of holders stayed for 2+ years: 49 out of 77 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.

Is it too late to buy Neuberger Mun Fd Inc (NBH) following the 2026 Q1 hedge fund 13F filings?

As of today, NBH has moved +1.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of -4.7%. Since the quarter end (March 31, 2026), NBH has gained +2.7% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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