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 |
AGN
Allergan plc
AGN
|
+$187M |
| 2 |
Motorola Solutions
MSI
|
+$170M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$142M |
| 4 |
Procter & Gamble
PG
|
+$123M |
| 5 |
Charter Communications
CHTR
|
+$118M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$210M |
| 2 |
CPGX
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
|
+$136M |
| 3 |
Energy Transfer Partners
ET
|
+$133M |
| 4 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$116M |
| 5 |
SANDISK CORP
SNDK
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.88% |
| 2 | Healthcare | 14.05% |
| 3 | Technology | 14.02% |
| 4 | Industrials | 12.94% |
| 5 | Energy | 10.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
JPMorgan Chase
JPM
$919B
| $1.08B | 1.49% |
17,447,748
-1,311,272
| -7% | -$81.9M |
2013 Q2
12 quarters
|
|
2
Pfizer
PFE
$165B
| $842M | 1.16% |
25,190,253
-1,743,253
| -6% | -$55.6M |
2013 Q2
12 quarters
|
|
3
Microsoft
MSFT
$3.89T
| $724M | 1% |
14,157,487
-111,716
| -0.8% | -$5.81M |
2013 Q2
12 quarters
|
|
4
SLB Ltd
SLB
$76.3B
| $633M | 0.87% |
8,009,259
+352,585
| +5% | +$27M |
2013 Q2
12 quarters
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.26T
| $617M | 0.85% |
4,264,167
+307,898
| +8% | +$44M |
2013 Q2
12 quarters
|
|
6
Apple
AAPL
$5.18T
| $617M | 0.85% |
25,807,840
-824,016
| -3% | -$20.5M |
2013 Q2
12 quarters
|
|
7
Johnson & Johnson
JNJ
$688B
| $599M | 0.82% |
4,934,135
-563,020
| -10% | -$64M |
2013 Q2
12 quarters
|
|
8
Aon
AON
$71.8B
| $566M | 0.78% |
5,183,131
-564,622
| -10% | -$59.7M |
2013 Q2
12 quarters
|
|
9
Oracle
ORCL
$391B
| $556M | 0.77% |
13,582,769
-232,774
| -2% | -$9.3M |
2013 Q2
12 quarters
|
|
|
10
Alphabet (Google) Class C
GOOG
$3.6T
| $552M | 0.76% |
15,955,400
+3,961,940
| +33% | +$142M |
2013 Q2
12 quarters
|
|
11
Enterprise Products Partners
EPD
$82.6B
| $550M | 0.76% |
18,804,774
-638,291
| -3% | -$17.1M |
2013 Q2
12 quarters
|
|
12
EOG Resources
EOG
$82.1B
| $536M | 0.74% |
6,426,655
+617,525
| +11% | +$49.5M |
2013 Q2
12 quarters
|
|
13
DELISTED
Pioneer Natural Resource Co.
PXD
| $502M | 0.69% |
3,318,592
-145,301
| -4% | -$22.8M |
2013 Q2
12 quarters
|
|
|
AGN
14
DELISTED
Allergan plc
AGN
| $467M | 0.64% |
2,020,395
+810,232
| +67% | +$187M |
2013 Q2
12 quarters
|
|
|
15
Energy Transfer Partners
ET
$66.8B
| $463M | 0.64% |
32,194,229
-11,119,104
| -26% | -$133M |
2013 Q2
12 quarters
|
|
16
CVS Health
CVS
$114B
| $459M | 0.63% |
4,792,172
-160,039
| -3% | -$15.9M |
2013 Q2
12 quarters
|
|
17
Oneok
OKE
$56.6B
| $458M | 0.63% |
9,656,760
-1,429,104
| -13% | -$56.7M |
2013 Q2
12 quarters
|
|
|
18
Procter & Gamble
PG
$394B
| $451M | 0.62% |
5,322,932
+1,503,614
| +39% | +$123M |
2013 Q2
12 quarters
|
|
19
Church & Dwight Co
CHD
$26.7B
| $432M | 0.6% |
8,401,472
-337,118
| -4% | -$16.3M |
2013 Q2
12 quarters
|
|
20
Goldman Sachs
GS
$264B
| $420M | 0.58% |
2,828,643
-272,801
| -9% | -$42.6M |
2013 Q2
12 quarters
|
|
21
Intercontinental Exchange
ICE
$100B
| $419M | 0.58% |
8,188,470
+842,845
| +11% | +$42.5M |
2013 Q2
12 quarters
|
|
22
Dentsply Sirona
XRAY
$1.83B
| $413M | 0.57% |
6,653,874
+390,062
| +6% | +$24M |
2014 Q2
8 quarters
|
|
23
Comcast
CMCSA
$89.3B
| $408M | 0.56% |
12,528,960
-982,218
| -7% | -$30.5M |
2013 Q2
12 quarters
|
|
24
Bristol-Myers Squibb
BMY
$130B
| $407M | 0.56% |
5,530,236
-580,494
| -9% | -$41M |
2013 Q2
12 quarters
|
|
25
Progressive
PGR
$137B
| $406M | 0.56% |
12,107,909
-932,634
| -7% | -$30.9M |
2013 Q2
12 quarters
|
|
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Neuberger Berman Group's Q2 2016 Portfolio in Review
As of Q2 2016, Neuberger Berman Group held 1,641 positions worth $72.6B, down 0.22% from $72.7B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Neuberger Berman Group withdrew a net $2.42B in Q2 2016, closing 111 positions and reducing 733 holdings. Its most notable exit was SANDISK CORP, an estimated $115M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Neuberger Berman Group opened a new position in ANTERO MIDSTREAM PARTNERS LP worth $94.9M.
- Neuberger Berman Group's largest Q2 2016 buy was ANTERO MIDSTREAM PARTNERS LP: 3,405,308 shares worth $94.9M.
- Neuberger Berman Group added most to Allergan plc in Q2 2016, an estimated $187M increase.
- Neuberger Berman Group's biggest Q2 2016 reduction was Intuit, cutting an estimated $210M.
- Neuberger Berman Group fully exited SANDISK CORP in Q2 2016, selling an estimated $115M.
- Neuberger Berman Group's ten largest holdings make up 9.4% of its $72.6B portfolio in Q2 2016.
- Neuberger Berman Group opened 164 new positions and closed 111 in Q2 2016.
- Neuberger Berman Group's portfolio value fell 0.22% quarter-over-quarter to $72.6B.
Based on Neuberger Berman Group's 13F filing for Q2 2016, filed 5 Aug 2016.