Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Neuberger R/Est Secs Inc Fd (NRO)

64 + 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
↑ +2
Streak
2Q ▲
Buyers last Q
60%

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 — 60% buying

39 buying26 selling
Last quarter: 39 funds were net buyers (16 opened a brand new position + 23 added to an existing one). Only 26 were sellers (12 trimmed + 14 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 → 17 → 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 → 17 → 16 new funds/Q
New funds entering each quarter: 7 → 10 → 17 → 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
12 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.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 26 reduced or exited (12 trimmed, 14 sold completely) — a 60% 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: +2 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

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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 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: NRO
64 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 64 66 -3.03%
13F Shares 13M 14M -4.56%
Total Value $31M $25M 21.91%
New Positions 8 16 -8
Increased Positions 25 23 +2
Closed Positions 10 14 -4
Reduced Positions 14 12 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NRO

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Institutional Holders (2026 Q2)

64 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kanen Wealth Management LLC 0.54% 738,804 $2.2M
2 Absolute Investment Advisers, LLC 0.50% 1,714,646 $5.2M
3 Shaker Financial Services, LLC 0.36% 381,877 $1.2M
4 1607 Capital Partners, LLC 0.19% 732,239 $2.2M
5 Quarry LP 0.19% 738,287 $2.2M
6 Decision Investments, Inc 0.07% 26,379 $80K
7 NWF Advisory Services Inc. 0.07% 230,300 $698K
8 Resolute Wealth Advisor, INC. 0.05% 30,792 $87K
9 Advisors Asset Management, Inc. 0.05% 1,047,348 $3.2M
10 Closed-End Fund Advisors, Inc. 0.04% 14,054 $43K
11 Rhodes Investment Advisors Inc /Adv 0.03% 14,500 $44K
12 Fingerlakes Wealth Management, Inc. 0.03% 16,050 $49K
13 Logan Stone Capital, LLC 0.02% 33,356 $101K
14 Live Oak Private Wealth LLC 0.02% 56,138 $170K
15 Wolverine Asset Management LLC 0.02% 796,558 $2.4M
16 West Wealth Group, LLC 0.01% 21,019 $64K
17 Highland Investment Advisors LLC 0.01% 5,080 $15K
18 E&G Advisors, LLC 0.01% 10,200 $31K
19 Parcion Private Wealth LLC 0.01% 33,333 $101K
20 Evolution Wealth Advisors, LLC 0.00% 12,238 $37K
21 Calamos Advisors LLC 0.00% 380,263 $1.2M
22 Community Financial Services Group, LLC 0.00% 8,560 $26K
23 K2 Principal Fund, L.P. 0.00% 10,400 $32K
24 Benjamin Edwards Inc 0.00% 61,228 $186K
25 Highline Wealth Partners LLC 0.00% 2,000 $6K
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 — 60% buying: Last quarter: 39 funds were net buyers (16 opened a brand new position + 23 added to an existing one). Only 26 were sellers (12 trimmed + 14 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: 12 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.

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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