Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Neuberger R/Est Secs Inc Fd (NRO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
2Q ▲
Buyers last Q
61%

Smart Money Signals — NRO

Based on 66 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added NRO 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
66 hedge funds hold NRO 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 — +6% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 61% buying

39 buying25 selling
Last quarter: 39 funds were net buyers (16 opened a brand new position + 23 added to an existing one). Only 25 were sellers (12 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~16 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 10 → 16 → 16. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 21% medium ■ 26% new
35 out of 66 hedge funds have held NRO 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 -2%, value -83%

Value
-83%
Shares
-2%
Last quarter: funds added -2% more shares while total portfolio value only changed -83%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

19 → 7 → 10 → 16 → 16 new funds/Q
New funds entering each quarter: 7 → 10 → 16 → 16. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 62% veterans vs 29% newcomers

■ 62% veterans ■ 9% 1-2yr ■ 29% new
Entry-cohort mix of 66 holders: 41 (62%) are 2+ year veterans, 6 entered 1–2 years ago, and 19 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 25% AUM from major funds

25% from top-100 AUM funds
11 of 66 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — NRO

In 2026 Q1, 39 hedge funds were net buyers of NRO (16 opened a new position, 23 added to an existing one), while 25 reduced or exited (12 trimmed, 13 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 25% of total institutional value in NRO is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 66.

Hedge Fund Ownership: NRO

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

Market Analysis: NRO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NRO

-- --

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

Is It Too Late to Buy Neuberger R/Est Secs Inc Fd (NRO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NRO 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 · 86d ago
NRO
+3.2%
XLF
+9.2%

NRO outperformed XLF by -6.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 41d ago
NRO
-0.7%
XLF
+5.5%

Since the filing became public, NRO outperformed XLF by -6.2% .

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 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: NRO
65 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 65 63 3.17%
13F Shares 14M 14M -3.39%
Total Value $25M $151M -83.67%
New Positions 16 16 -
Increased Positions 23 16 +7
Closed Positions 14 9 +5
Reduced Positions 11 17 -6
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NRO

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

65 + investors

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

QUARTER:
Top 25 NRO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Absolute Investment Advisers, LLC 0.48% 1,436,699 $4.1M
2 Shaker Financial Services, LLC 0.39% 389,610 $1.1M
3 Quarry LP 0.32% 624,455 $1.8M
4 Kanen Wealth Management LLC 0.25% 241,000 $684K
5 Concorde Asset Management, LLC 0.22% 160,300 $455K
6 Decision Investments, Inc 0.09% 26,479 $75K
7 NWF Advisory Services Inc. 0.08% 239,300 $680K
8 Rhodes Investment Advisors Inc /Adv 0.08% 31,000 $94K
9 Resolute Wealth Advisor, INC. 0.05% 30,792 $87K
10 1607 Capital Partners, LLC 0.04% 178,795 $508K
11 Fingerlakes Wealth Management, Inc. 0.03% 14,386 $41K
12 Advisors Asset Management, Inc. 0.02% 490,165 $1.4M
13 Wolverine Asset Management LLC 0.02% 839,705 $2.4M
14 Live Oak Private Wealth LLC 0.02% 56,138 $159K
15 West Wealth Group, LLC 0.01% 20,897 $59K
16 Independent Advisor Alliance 0.01% 356,420 $1.0M
17 Integrity Advisory Solutions, LLC 0.01% 22,448 $64K
18 E&G Advisors, LP 0.01% 10,700 $30K
19 Parcion Private Wealth LLC 0.01% 33,333 $95K
20 Community Financial Services Group, LLC 0.00% 8,560 $25K
21 NewEdge Advisors, LLC 0.00% 11,204 $83K
22 Calamos Advisors LLC 0.00% 354,913 $1.0M
23 Evolution Wealth Advisors, LLC 0.00% 12,238 $35K
24 Private Advisor Group, LLC 0.00% 167,643 $476K
25 K2 Principal Fund, L.P. 0.00% 10,400 $30K
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 R/Est Secs Inc Fd (NRO)

What does the Smart Money Trend signal show for NRO?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added NRO 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 NRO?

More buyers than sellers — 61% buying: Last quarter: 39 funds were net buyers (16 opened a brand new position + 23 added to an existing one). Only 25 were sellers (12 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NRO holders?

Strong quality — 25% AUM from major funds: 11 of 66 holders rank in the top 100 by AUM, accounting for 25% 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 NRO?

53% of holders stayed for 2+ years: 35 out of 66 hedge funds have held NRO 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 R/Est Secs Inc Fd (NRO) following the 2026 Q1 hedge fund 13F filings?

As of today, NRO has moved -0.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.5% for the XLF sector ETF — an outperformance of -6.2%. Since the quarter end (March 31, 2026), NRO has gained +3.2% vs +9.2% 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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