Neuberger Small-Mid Cap ETF
NBSM
9 hedge funds and large institutions have $184M invested in Neuberger Small-Mid Cap ETF in 2025 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 2 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
100% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 2
29% more funds holding
Funds holding: 7 → 9 (+2)
6% less capital invested
Capital invested by funds: $195M → $184M (-$11.4M)
6.41% less ownership
Funds ownership: 94.19% → 87.78% (-6.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$3.61M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.37M |
| 3 |
LPL Financial
San Diego,
California
|
+$2.22M |
| 4 |
Mariner
Overland Park,
Kansas
|
+$1.55M |
| 5 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$12.9M |
| 2 |
BC
Barrett & Company
Providence,
Rhode Island
|
-$14.2K |
| 3 |
PA
Parallel Advisors
San Francisco,
California
|
-$2.54K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Neuberger Berman Group
New York
| $167M | -$12.9M | -514,014 | -7% |
|
|
ETC
2
Exchange Traded Concepts
Oklahoma City,
Oklahoma
| $4.52M | +$1.06M | +42,408 | +29% |
|
|
3
Raymond James Financial
St Petersburg,
Florida
| $3.45M | +$3.61M | +143,910 | New |
|
|
4
Bank of America
Charlotte,
North Carolina
| $3.06M | +$2.37M | +94,298 | +283% |
|
|
5
LPL Financial
San Diego,
California
| $2.58M | +$2.22M | +88,678 | +461% |
|
|
6
Mariner
Overland Park,
Kansas
| $1.48M | +$1.55M | +61,848 | New |
|
7
Jones Financial Companies
Des Peres,
Missouri
| $761K | +$725K | +28,889 | +1,008% |
|
8
Royal Bank of Canada
Toronto,
Ontario, Canada
| $738K | +$774K | +30,846 | New |
|
|
BC
9
Barrett & Company
Providence,
Rhode Island
| $79.6K | -$14.2K | -567 | -15% |
|
|
PA
10
Parallel Advisors
San Francisco,
California
| – | -$2.54K | -100 | Closed |
|
NBSM Hedge Fund Activity: Q1 2025 in Review
9 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Neuberger Small-Mid Cap ETF (NBSM) for Q1 2025, worth a combined $184M — down 5.9% from $195M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new NBSM positions and 1 closed out — a net gain of 2 holders — while 4 added to existing stakes and 2 trimmed.
The largest buyer was Raymond James Financial, opening a new position worth an estimated $3.61M. The largest seller was Neuberger Berman Group, cutting an estimated $12.9M.
- 9 institutional investors held Neuberger Small-Mid Cap ETF (NBSM) as of Q1 2025, up from 7 in Q4 2024.
- Funds reported $184M of Neuberger Small-Mid Cap ETF stock for Q1 2025, down 5.9% quarter-over-quarter.
- 3 funds opened new Neuberger Small-Mid Cap ETF positions in Q1 2025 and 1 closed out, a net change of +2 holders.
- The largest Neuberger Small-Mid Cap ETF buyer in Q1 2025 was Raymond James Financial, an estimated $3.61M added.
- The largest Neuberger Small-Mid Cap ETF seller in Q1 2025 was Neuberger Berman Group, an estimated $12.9M sold.
Based on aggregated 13F filings for Q1 2025.