Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Neuberger Next Generation (NBXG)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
59%

Smart Money Signals — NBXG

Based on 90 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 NBXG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
90 hedge funds hold NBXG 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.
🚀

Fast accumulation — +23% more funds vs a year ago

fund count last 6Q
+17 new funds entered over the past year (+23% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 59% buying

56 buying39 selling
Last quarter: 56 funds bought or added vs 39 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 (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 14 → 11 → 24 → 14. 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.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 13% medium ■ 33% new
48 out of 90 hedge funds have held NBXG 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 → 14 → 11 → 24 → 14 new funds/Q
New funds entering each quarter: 14 → 11 → 24 → 14. A growing number of institutions are discovering NBXG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 52% veterans vs 32% newcomers

■ 52% veterans ■ 16% 1-2yr ■ 32% new
Entry-cohort mix of 90 holders: 47 (52%) are 2+ year veterans, 14 entered 1–2 years ago, and 29 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
9 of 90 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — NBXG

In 2026 Q1, 56 hedge funds were net buyers of NBXG (14 opened a new position, 42 added to an existing one), while 39 reduced or exited (22 trimmed, 17 sold completely) — a 59% buyer ratio, indicating a slight buying edge. 35% of total institutional value in NBXG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 90.

Hedge Fund Ownership: NBXG

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

Market Analysis: NBXG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NBXG

-- --

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

Is It Too Late to Buy Neuberger Next Generation (NBXG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NBXG 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
NBXG
nan%
XLF
+9.5%

NBXG outperformed XLF by nan% since March 31, 2026.

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

Since the filing became public, NBXG outperformed XLF by nan% .

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.

5 top-rated funds 1 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: NBXG
89 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 89 93 -4.3%
13F Shares 32M 28M 13.03%
Total Value $406M $412M -1.38%
New Positions 14 24 -10
Increased Positions 42 36 +6
Closed Positions 18 9 +9
Reduced Positions 21 20 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NBXG

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Institutional Holders (2026 Q1)

89 + investors

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

QUARTER:
Top 25 NBXG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Altium Capital Management LLC 6.27% 204,562 $2.6M
2 Bulldog Investors, LLP 3.38% 1,169,731 $15.1M
3 Saba Capital Management, L.P. 2.68% 7,548,223 $97.1M
4 Z3 Capital Partners, LLC 2.33% 672,039 $9.7M
5 Quantedge Capital Pte Ltd 1.36% 193,662 $2.5M
6 Karpus Management, Inc. 1.23% 3,069,100 $39.5M
7 City of London Investment Management Co Ltd 0.97% 1,036,638 $13.3M
8 Blue Bell Private Wealth Management, LLC 0.72% 391,481 $5.0M
9 Corrado Advisors, LLC 0.72% 107,614 $1.4M
10 Matisse Capital 0.71% 129,790 $1.7M
11 Closed-End Fund Advisors, Inc. 0.53% 40,660 $523K
12 Shaker Financial Services, LLC 0.39% 86,744 $1.1M
13 Concorde Asset Management, LLC 0.35% 55,380 $713K
14 Noble Wealth Management PBC 0.27% 41,586 $535K
15 Beverly Hills Private Wealth, LLC 0.26% 119,258 $1.5M
16 Decision Investments, Inc 0.23% 16,040 $206K
17 Investment Management Trust, LLC 0.22% 17,317 $223K
18 Advisory Advocates, LLC 0.21% 14,360 $207K
19 Accredited Investor Services, LLC 0.15% 17,648 $227K
20 Cornerstone Wealth Management, LLC 0.09% 136,858 $1.8M
21 Evolve Private Wealth, LLC 0.08% 111,907 $1.4M
22 Claro Advisors Inc. 0.07% 47,700 $614K
23 Ameriflex Group, INC. 0.07% 10,200 $131K
24 Lazard Asset Management LLC 0.05% 2,165,188 $27.9M
25 Wolverine Asset Management LLC 0.04% 353,356 $4.5M
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 Next Generation (NBXG)

What does the Smart Money Trend signal show for NBXG?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NBXG 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 NBXG?

Slight buying edge — 59% buying: Last quarter: 56 funds bought or added vs 39 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 NBXG holders?

Strong quality — 35% AUM from major funds: 9 of 90 holders rank in the top 100 by AUM, accounting for 35% 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 NBXG?

53% of holders stayed for 2+ years: 48 out of 90 hedge funds have held NBXG 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 Next Generation (NBXG) following the 2026 Q1 hedge fund 13F filings?

As of today, NBXG has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), NBXG has gained nan% 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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