Neuberger Commodity Strategy ETF
NBCM
22 hedge funds and large institutions have $237M invested in Neuberger Commodity Strategy ETF in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 1 reducing their positions, and 0 closing their positions.
1,100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 1
47% more funds holding
Funds holding: 15 → 22 (+7)
6% more capital invested
Capital invested by funds: $223M → $237M (+$14.4M)
0.9% more ownership
Funds ownership: 82.46% → 83.37% (+0.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$10.4M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$8.15M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$1.27M |
| 4 |
Neuberger Berman Group
New York
|
+$988K |
| 5 |
LPL Financial
San Diego,
California
|
+$410K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
-$2.39K |
NBCM Hedge Fund Activity: Q4 2025 in Review
22 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Neuberger Commodity Strategy ETF (NBCM) for Q4 2025, worth a combined $237M — up 6.4% from $223M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NBCM positions and 0 closed out — a net gain of 7 holders — while 12 added to existing stakes and 1 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $10.4M. The largest seller was Raymond James Financial, cutting an estimated $2.39K.
- 22 institutional investors held Neuberger Commodity Strategy ETF (NBCM) as of Q4 2025, up from 15 in Q3 2025.
- Funds reported $237M of Neuberger Commodity Strategy ETF stock for Q4 2025, up 6.4% quarter-over-quarter.
- 7 funds opened new Neuberger Commodity Strategy ETF positions in Q4 2025 and 0 closed out, a net change of +7 holders.
- The largest Neuberger Commodity Strategy ETF buyer in Q4 2025 was Northwestern Mutual Wealth Management, an estimated $10.4M added.
- The largest Neuberger Commodity Strategy ETF seller in Q4 2025 was Raymond James Financial, an estimated $2.39K sold.
Based on aggregated 13F filings for Q4 2025.