Neuberger Berman Group Portfolio holdings
Neuberger Berman is an employee-owned investment manager that runs stock, bond, private equity and hedge fund portfolios for institutions, advisers and high net worth individuals. Art collector Roy Neuberger and banker Robert Berman co-founded the firm in 1939. Lehman Brothers bought it in 2003, and after Lehman collapsed in 2008 the firm's own managers won a bankruptcy auction for it, spinning it off in 2009 and returning it to full employee ownership by the end of 2014. Since going independent it has moved beyond its traditional focus on stocks into emerging markets debt, high-yield bonds and private equity, and in 2024 it led a private equity group that agreed to buy the school operator Nord Anglia Education. Art has been part of the firm's workplace culture since Roy Neuberger co-founded it, and it bought back many pieces of its collection at auction in 2010 after Lehman had absorbed them.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$463M |
| 2 |
Apple
AAPL
|
+$418M |
| 3 |
SpaceX
SPCX
|
+$361M |
| 4 |
NVIDIA
NVDA
|
+$291M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$285M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$428M |
| 2 |
Microsoft
MSFT
|
+$314M |
| 3 |
Boston Scientific
BSX
|
+$269M |
| 4 |
Teradyne
TER
|
+$249M |
| 5 |
T-Mobile US
TMUS
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.73% |
| 2 | Financials | 12.28% |
| 3 | Industrials | 12.11% |
| 4 | Healthcare | 8.91% |
| 5 | Consumer Discretionary | 8.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1601
iShares Short-Term National Muni Bond ETF
SUB
$13.3B
| $802K | ﹤0.01% |
7,530
| – | – |
2025 Q2
4 quarters
|
|
1602
First Interstate BancSystem
FIBK
$3.49B
| $802K | ﹤0.01% |
20,787
-31,297
| -60% | -$1.11M |
2023 Q2
12 quarters
|
|
1603
Celsius Holdings
CELH
$7.99B
| $798K | ﹤0.01% |
27,241
-1,209
| -4% | -$38.1K |
2025 Q1
5 quarters
|
|
1604
ICL Group
ICL
$5.92B
| $794K | ﹤0.01% |
159,399
+89,133
| +127% | +$507K |
2026 Q1
1 quarter
|
|
1605
Enova International
ENVA
$4.09B
| $794K | ﹤0.01% |
3,297
+457
| +16% | +$78.6K |
2025 Q4
2 quarters
|
|
1606
Belden
BDC
$4B
| $792K | ﹤0.01% |
6,605
-5,329
| -45% | -$621K |
2024 Q2
8 quarters
|
|
1607
Nuveen Churchill Direct Lending
NCDL
$577M
| $792K | ﹤0.01% |
63,750
-6,035
| -9% | -$80.4K |
2025 Q1
5 quarters
|
|
1608
Invesco S&P 500 Revenue ETF
RWL
$10.5B
| $789K | ﹤0.01% |
+6,175
| New | +$767K |
2026 Q2
0 quarters
|
|
1609
Park Hotels & Resorts
PK
$3.28B
| $786K | ﹤0.01% |
55,172
+12,571
| +30% | +$154K |
2025 Q1
5 quarters
|
|
1610
New Mountain Finance
NMFC
$630M
| $785K | ﹤0.01% |
109,540
| – | – |
2013 Q2
52 quarters
|
|
1611
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $780K | ﹤0.01% |
8,089
+925
| +13% | +$87.8K |
2021 Q3
19 quarters
|
|
1612
Cal-Maine
CALM
$3B
| $779K | ﹤0.01% |
9,673
+128
| +1% | +$9.9K |
2024 Q3
7 quarters
|
|
1613
Ultra Clean Holdings
UCTT
$2.31B
| $779K | ﹤0.01% |
5,463
+51
| +0.9% | +$4.49K |
2026 Q1
1 quarter
|
|
1614
VanEck Gold Miners ETF
GDX
$25.2B
| $778K | ﹤0.01% |
10,316
-5,045
| -33% | -$446K |
2025 Q1
5 quarters
|
|
1615
iShares Semiconductor ETF
SOXX
$44.5B
| $776K | ﹤0.01% |
3,633
+942
| +35% | +$159K |
2024 Q1
9 quarters
|
|
1616
RingCentral
RNG
$6.34B
| $774K | ﹤0.01% |
+19,852
| New | +$802K |
2026 Q2
0 quarters
|
|
1617
U-Haul Holding Co Series N
UHAL.B
$9.6B
| $773K | ﹤0.01% |
+13,402
| New | +$667K |
2026 Q2
0 quarters
|
|
1618
IonQ
IONQ
$14.3B
| $767K | ﹤0.01% |
14,394
-288,746
| -95% | -$14.6M |
2024 Q4
6 quarters
|
|
1619
Pegasystems
PEGA
$5.24B
| $764K | ﹤0.01% |
25,508
+2,028
| +9% | +$72.6K |
2025 Q4
2 quarters
|
|
1620
JFrog
FROG
$13.8B
| $764K | ﹤0.01% |
8,408
+1,373
| +20% | +$89.2K |
2023 Q4
10 quarters
|
|
1621
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$4B
| $761K | ﹤0.01% |
31,421
+3,064
| +11% | +$74.1K |
2024 Q1
9 quarters
|
|
1622
Gold Fields
GFI
$31.7B
| $761K | ﹤0.01% |
22,652
+16,428
| +264% | +$684K |
2026 Q1
1 quarter
|
|
1623
Grand Canyon Education
LOPE
$3B
| $759K | ﹤0.01% |
5,301
+1,082
| +26% | +$172K |
2022 Q1
17 quarters
|
|
1624
Cohen & Steers
CNS
$3.67B
| $757K | ﹤0.01% |
9,948
-223
| -2% | -$15.8K |
2020 Q2
24 quarters
|
|
1625
iShares US Healthcare Providers ETF
IHF
$1.5B
| $755K | ﹤0.01% |
13,654
| – | – |
2025 Q1
5 quarters
|
|
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Neuberger Berman Group's Q2 2026 Portfolio in Review
As of Q2 2026, Neuberger Berman Group held 2,421 positions worth $150B, up 14% from $131B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Neuberger Berman Group's Q2 2026 filing shows 259 new, 1,157 increased, 848 reduced and 81 closed positions. Its largest new stake was SpaceX: 2,127,228 shares worth $363M. The largest sale was Advanced Micro Devices, an estimated $428M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 25% a quarter earlier, followed by Financials and Industrials.
- Neuberger Berman Group's largest Q2 2026 buy was SpaceX: 2,127,228 shares worth $363M.
- Neuberger Berman Group added most to Amazon in Q2 2026, an estimated $463M increase.
- Neuberger Berman Group's biggest Q2 2026 reduction was Advanced Micro Devices, cutting an estimated $428M.
- Neuberger Berman Group fully exited Hologic in Q2 2026, selling an estimated $103M.
- Neuberger Berman Group's ten largest holdings make up 23% of its $150B portfolio in Q2 2026.
- Neuberger Berman Group opened 259 new positions and closed 81 in Q2 2026.
- Neuberger Berman Group's portfolio value rose 14% quarter-over-quarter to $150B.
Based on Neuberger Berman Group's 13F filing for Q2 2026, filed 13 Aug 2026.