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Neuberger Small-Mid Cap ETF
NBSM

15 hedge funds and large institutions have $147M invested in Neuberger Small-Mid Cap ETF in 2025 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding

Funds holding: 9 → 15 (+6)

67% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 3

4.82% less ownership

Funds ownership: 87.78% → 82.96% (-4.8%)

20% less capital invested

Capital invested by funds: $184M → $147M (-$36.9M)

Holders
15
Holders Change
+6
Holders Change %
+66.67%
% of All Funds
0.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
5
Reduced
3
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$4.47M
2
BWS
Broadway Wealth Solutions
Texas
+$1.64M
3
Bank of America
Bank of America
North Carolina
+$1.5M
4
M
MOTCO
Texas
+$1.26M
5
Raymond James Financial
Raymond James Financial
Florida
+$718K

Top Sellers

Rank Fund Capital Flow
1
Neuberger Berman Group
Neuberger Berman Group
New York
-$53.4M
2
ETC
Exchange Traded Concepts
Oklahoma
-$744K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$621K
Name Holding Trade Value Shares
Change 		Change in
Stake
Neuberger Berman Group
1
Neuberger Berman Group
New York
$119M -$53.4M -2,230,565 -32%
LPL Financial
2
LPL Financial
California
$7.38M +$4.47M +186,748 +173%
Bank of America
3
Bank of America
North Carolina
$4.77M +$1.5M +62,688 +49%
Raymond James Financial
4
Raymond James Financial
Florida
$4.35M +$718K +29,995 +21%
ETC
5
Exchange Traded Concepts
Oklahoma
$3.95M -$744K -31,082 -16%
Mariner
6
Mariner
Kansas
$1.76M +$198K +8,248 +13%
BWS
7
Broadway Wealth Solutions
Texas
$1.71M +$1.64M +68,384 New
Jones Financial Companies
8
Jones Financial Companies
Missouri
$1.35M +$527K +22,019 +69%
M
9
MOTCO
Texas
$1.33M +$1.26M +52,482 New
WFAG
10
Worth Financial Advisory Group
North Carolina
$553K +$529K +22,084 New
Susquehanna International Group
11
Susquehanna International Group
Pennsylvania
$251K +$240K +10,029 New
Cambridge Investment Research Advisors
12
Cambridge Investment Research Advisors
Iowa
$219K +$210K +8,757 New
CJH
13
Christopher J. Hasenberg
Wisconsin
$126K +$121K +5,044 New
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$123K -$621K -25,937 -84%
BC
15
Barrett & Company
Rhode Island
$83.3K – – –

NBSM Hedge Fund Activity: Q2 2025 in Review

15 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Neuberger Small-Mid Cap ETF (NBSM) for Q2 2025, worth a combined $147M — down 20% from $184M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new NBSM positions and 0 closed out — a net gain of 6 holders — while 5 added to existing stakes and 3 trimmed.

The largest buyer was LPL Financial, adding an estimated $4.47M. The largest seller was Neuberger Berman Group, cutting an estimated $53.4M.

  • 15 institutional investors held Neuberger Small-Mid Cap ETF (NBSM) as of Q2 2025, up from 9 in Q1 2025.
  • Funds reported $147M of Neuberger Small-Mid Cap ETF stock for Q2 2025, down 20% quarter-over-quarter.
  • 6 funds opened new Neuberger Small-Mid Cap ETF positions in Q2 2025 and 0 closed out, a net change of +6 holders.
  • The largest Neuberger Small-Mid Cap ETF buyer in Q2 2025 was LPL Financial, an estimated $4.47M added.
  • The largest Neuberger Small-Mid Cap ETF seller in Q2 2025 was Neuberger Berman Group, an estimated $53.4M sold.

Based on aggregated 13F filings for Q2 2025.