Neuberger Commodity Strategy ETF
NBCM
25 hedge funds and large institutions have $272M invested in Neuberger Commodity Strategy ETF in 2026 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 4 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
15% more capital invested
Capital invested by funds: $237M → $272M (+$34.5M)
14% more funds holding
Funds holding: 22 → 25 (+3)
15.89% less ownership
Funds ownership: 83.37% → 67.48% (-16%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$7.79M |
| 2 |
Neuberger Berman Group
New York
|
+$5.8M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.22M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$1.6M |
| 5 |
WIA
World Investment Advisors
Santa Barbara,
California
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$38.9M |
| 2 |
IWP
IAG Wealth Partners
Waukesha,
Wisconsin
|
-$713K |
| 3 |
BlackRock
New York
|
-$141K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$95.3K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$24K |
NBCM Hedge Fund Activity: Q1 2026 in Review
25 of the 8,128 institutional investors tracked by Wall St. Rank reported a position in Neuberger Commodity Strategy ETF (NBCM) for Q1 2026, worth a combined $272M — up 15% from $237M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NBCM positions and 4 closed out — a net gain of 3 holders — while 10 added to existing stakes and 5 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $7.79M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $38.9M.
- 25 institutional investors held Neuberger Commodity Strategy ETF (NBCM) as of Q1 2026, up from 22 in Q4 2025.
- Funds reported $272M of Neuberger Commodity Strategy ETF stock for Q1 2026, up 15% quarter-over-quarter.
- 7 funds opened new Neuberger Commodity Strategy ETF positions in Q1 2026 and 4 closed out, a net change of +3 holders.
- The largest Neuberger Commodity Strategy ETF buyer in Q1 2026 was Northwestern Mutual Wealth Management, an estimated $7.79M added.
- The largest Neuberger Commodity Strategy ETF seller in Q1 2026 was Wealth Enhancement Advisory Services, an estimated $38.9M sold.
Based on aggregated 13F filings for Q1 2026.