Neuberger Commodity Strategy ETF
NBCM
15 hedge funds and large institutions have $223M invested in Neuberger Commodity Strategy ETF in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 2 reducing their positions, and 3 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 2
19% more capital invested
Capital invested by funds: $187M → $223M (+$35.7M)
0% more funds holding
Funds holding: 15 → 15 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.62% less ownership
Funds ownership: 83.08% → 82.46% (-0.62%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$14.2M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$4.72M |
| 3 |
Neuberger Berman Group
New York
|
+$2.47M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$2.06M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$1.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.57M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$43K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$21K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$7.33K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$134 |
NBCM Hedge Fund Activity: Q3 2025 in Review
15 of the 7,628 institutional investors tracked by Wall St. Rank reported a position in Neuberger Commodity Strategy ETF (NBCM) for Q3 2025, worth a combined $223M — up 19% from $187M a quarter earlier.
Fund positioning in NBCM was balanced in Q3 2025: 3 funds opened new positions, 3 closed out, 8 added to existing stakes and 2 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $14.2M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $2.57M sold.
- 15 institutional investors held Neuberger Commodity Strategy ETF (NBCM) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $223M of Neuberger Commodity Strategy ETF stock for Q3 2025, up 19% quarter-over-quarter.
- 3 funds opened new Neuberger Commodity Strategy ETF positions in Q3 2025 and 3 closed out, a net change of 0 holders.
- The largest Neuberger Commodity Strategy ETF buyer in Q3 2025 was Northwestern Mutual Wealth Management, an estimated $14.2M added.
- The largest Neuberger Commodity Strategy ETF seller in Q3 2025 was Susquehanna International Group, an estimated $2.57M sold.
Based on aggregated 13F filings for Q3 2025.