Neuberger Option Strategy ETF
NBOS
55 hedge funds and large institutions have $330M invested in Neuberger Option Strategy ETF in 2025 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
15% more funds holding
Funds holding: 48 → 55 (+7)
2% more capital invested
Capital invested by funds: $324M → $330M (+$6.02M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.19% less ownership
Funds ownership: 73.26% → 72.07% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSP
Cary Street Partners
Richmond,
Virginia
|
+$20.8M |
| 2 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$4.05M |
| 3 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$2.79M |
| 4 |
CSPIA
Cary Street Partners Investment Advisory
Richmond,
Virginia
|
+$1.19M |
| 5 |
EFA
Edge Financial Advisors
Wheaton,
Illinois
|
+$644K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$20.6M |
| 2 |
AssetMark Inc
Concord,
California
|
-$4.69M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.55M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$2.33M |
| 5 |
BOSSRA
B.O.S.S. Retirement Advisors
Lehi,
Utah
|
-$808K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCM
51
MAI Capital Management
Independence,
Ohio
| $10K | +$9.93K | +367 | New |
|
52
Morgan Stanley
New York
| $5.81K | – | – | – |
|
|
GWM
53
Geneos Wealth Management
Englewood,
Colorado
| $4.86K | -$1.92K | -71 | -29% |
|
54
Fidelity Investments
Boston,
Massachusetts
| $873 | – | – | – |
|
|
SCM
55
Sterling Capital Management
Charlotte,
North Carolina
| $709 | – | – | – |
|
56
Jane Street
New York
| – | -$220K | -8,193 | Closed |
|
|
STA
57
Summit Trail Advisors
New York
| – | -$214K | -7,962 | Closed |
|
58
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$206K | -7,665 | Closed |
|
59
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$37.7K | -1,405 | Closed |
|
|
ASN
60
Advisory Services Network
Atlanta,
Georgia
| – | -$26.7K | -994 | Closed |
|
|
GRP
61
Global Retirement Partners
San Rafael,
California
| – | -$1.99K | -74 | Closed |
|
NBOS Hedge Fund Activity: Q4 2025 in Review
55 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Neuberger Option Strategy ETF (NBOS) for Q4 2025, worth a combined $330M — up 1.9% from $324M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NBOS positions and 6 closed out — a net gain of 9 holders — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Cary Street Partners, opening a new position worth an estimated $20.8M. The largest seller was Neuberger Berman Group, cutting an estimated $20.6M.
- 55 institutional investors held Neuberger Option Strategy ETF (NBOS) as of Q4 2025, up from 48 in Q3 2025.
- Funds reported $330M of Neuberger Option Strategy ETF stock for Q4 2025, up 1.9% quarter-over-quarter.
- 15 funds opened new Neuberger Option Strategy ETF positions in Q4 2025 and 6 closed out, a net change of +9 holders.
- The largest Neuberger Option Strategy ETF buyer in Q4 2025 was Cary Street Partners, an estimated $20.8M added.
- The largest Neuberger Option Strategy ETF seller in Q4 2025 was Neuberger Berman Group, an estimated $20.6M sold.
Based on aggregated 13F filings for Q4 2025.