Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Neuberger Next Generation (NBXG)

104 + 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
↑ +14
Streak
1Q ▲
Buyers last Q
59%

Smart Money Signals — NBXG

Based on 104 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added NBXG 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 (100% of max)

100% of all-time peak
104 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 — +35% more funds vs a year ago

fund count last 6Q
+27 new funds entered over the past year (+35% 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

57 buying40 selling
Last quarter: 57 funds bought or added vs 40 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.
📈

More new buyers each quarter (+11 vs last Q)

new funds entering per quarter
Funds opening a new NBXG position: 11 → 25 → 14 → 25. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

43% of holders stayed for 2+ years

■ 43% conviction (2yr+) ■ 22% medium ■ 35% new
45 out of 104 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.
💰

Value +31% but shares only +2% — price-driven

Value
+31%
Shares
+1%
Last quarter: the total dollar value of institutional holdings rose +31%, but actual share count only changed +2%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~25 new funds/quarter

14 → 11 → 25 → 14 → 25 new funds/Q
New funds entering each quarter: 11 → 25 → 14 → 25. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 51% veterans vs 38% newcomers

■ 51% veterans ■ 11% 1-2yr ■ 38% new
Entry-cohort mix of 104 holders: 53 (51%) are 2+ year veterans, 11 entered 1–2 years ago, and 40 (38%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
13 of 104 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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 Q2, 57 hedge funds were net buyers of NBXG (25 opened a new position, 32 added to an existing one), while 40 reduced or exited (29 trimmed, 11 sold completely) — a 59% buyer ratio, indicating a slight buying edge. 34% of total institutional value in NBXG 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: 104.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 2 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: NBXG
104 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 104 90 15.56%
13F Shares 33M 32M 1.67%
Total Value $533M $407M 31.08%
New Positions 25 14 +11
Increased Positions 32 42 -10
Closed Positions 11 18 -7
Reduced Positions 29 22 +7
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 Q2)

104 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Altium Capital Management LLC 7.13% 204,562 $3.4M
2 Bulldog Investors, LLP 4.26% 1,171,931 $19.4M
3 Saba Capital Management, L.P. 3.20% 7,548,223 $124.8M
4 Atlas Wealth LLC 2.60% 1,102,724 $18.2M
5 Z3 Capital Partners, LLC 2.52% 726,651 $12.0M
6 Quantedge Capital Pte Ltd 2.29% 182,562 $3.0M
7 Karpus Management, Inc. 1.42% 2,981,177 $49.3M
8 City of London Investment Management Co Ltd 1.18% 1,188,521 $19.7M
9 Blue Bell Private Wealth Management, LLC 0.89% 433,728 $7.2M
10 Matisse Capital 0.86% 129,790 $2.1M
11 Closed-End Fund Advisors, Inc. 0.66% 40,996 $678K
12 Concorde Asset Management, LLC 0.56% 58,690 $971K
13 Beverly Hills Private Wealth, LLC 0.38% 119,258 $2.0M
14 Noble Wealth Management PBC 0.30% 40,378 $668K
15 Advisory Advocates, LLC 0.26% 18,360 $304K
16 Investment Management Trust, LLC 0.23% 15,757 $261K
17 Decision Investments, Inc 0.20% 13,430 $222K
18 Accredited Investor Services, LLC 0.17% 18,069 $299K
19 Almitas Capital LLC 0.17% 42,297 $700K
20 Evolve Private Wealth, LLC 0.11% 105,405 $1.7M
21 Cornerstone Wealth Management, LLC 0.10% 141,404 $2.3M
22 1607 Capital Partners, LLC 0.10% 66,408 $1.1M
23 Ameriflex Group, INC. 0.07% 10,200 $169K
24 Advisory Solutions Group, LLC 0.07% 11,806 $195K
25 Claro Advisors Inc. 0.06% 34,241 $566K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added NBXG 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 NBXG?

Slight buying edge — 59% buying: Last quarter: 57 funds bought or added vs 40 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 — 34% AUM from major funds: 13 of 104 holders rank in the top 100 by AUM, accounting for 34% 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?

43% of holders stayed for 2+ years: 45 out of 104 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.

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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