Independent Financial Group’s Neuberger Energy Infrastructure and Income Fund Inc NML Stock Holding History

Independent Financial Group’s Portfolio NML Stock Details NML Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-12,600	Closed	-$113K	–	1405
2025 Q2	$113K	Sell	12,600 -10,200	-45%	-$87.1K	﹤0.01%	1261
2025 Q1	$205K	Sell	22,800 -43,900	-66%	-$395K	0.01%	1104
2024 Q4	$589K	Buy	66,700 +46,650	+233%	+$406K	0.02%	637
2024 Q3	$164K	Buy	+20,050	New	+$160K	0.01%	1091

Other funds holding NML

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

COLIM

City of London Investment Management London, United Kingdom $1.66B AUM 59.71% 1-Year Est. Return

AAM

Advisors Asset Management Monument, Colorado $6.56B AUM 35.09% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

PMG

Private Management Group Irvine, California $3.8B AUM 23.19% 1-Year Est. Return

D.E. Shaw & Co New York $210B AUM 57.28% 1-Year Est. Return

SCM

Saba Capital Management New York $3.9B AUM 12.9% 1-Year Est. Return

Oppenheimer & Co New York $9.37B AUM 36.4% 1-Year Est. Return

Stifel Financial St. Louis, Missouri $120B AUM 27.84% 1-Year Est. Return

Independent Financial Group's NML Position: Q3 2025 in Review

Independent Financial Group sold out of Neuberger Energy Infrastructure and Income Fund Inc (NML) in Q3 2025, closing a stake of 12,600 shares — an estimated $113K sold.

Independent Financial Group first reported a position in NML in Q3 2024 and held it in 4 quarters. The position peaked at $589K in Q4 2024. 83 funds tracked by Wall St. Rank hold NML as of Q3 2025.

Independent Financial Group reported no remaining Neuberger Energy Infrastructure and Income Fund Inc position as of Q3 2025 after selling out during the quarter.
Independent Financial Group sold 12,600 Neuberger Energy Infrastructure and Income Fund Inc shares in Q3 2025, an estimated $113K.
Independent Financial Group first reported a position in Neuberger Energy Infrastructure and Income Fund Inc in Q3 2024 and held it in 4 quarters.
Independent Financial Group's Neuberger Energy Infrastructure and Income Fund Inc position peaked at $589K in Q4 2024.
83 funds tracked by Wall St. Rank held Neuberger Energy Infrastructure and Income Fund Inc as of Q3 2025.

Based on Independent Financial Group's 13F filing for Q3 2025, filed 15 May 2026.