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Neuberger Small-Mid Cap ETF
NBSM

16 hedge funds and large institutions have $155M invested in Neuberger Small-Mid Cap ETF in 2025 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 1 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

900% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 1

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

7% more funds holding

Funds holding: 15 → 16 (+1)

6% more capital invested

Capital invested by funds: $147M → $155M (+$8.26M)

1.86% more ownership

Funds ownership: 82.96% → 84.82% (+1.9%)

Holders
16
Holders Change
+1
Holders Change %
+6.67%
% of All Funds
0.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
10
Reduced
1
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$2.79M
2
Neuberger Berman Group
Neuberger Berman Group
New York
+$1.3M
3
Osaic Holdings
Osaic Holdings
Arizona
+$1.13M
4
HighTower Advisors
HighTower Advisors
Illinois
+$789K
5
Bank of America
Bank of America
North Carolina
+$763K

Top Sellers

Rank Fund Capital Flow
1
Mariner
Mariner
Kansas
-$1.76M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$123K
3
ETC
Exchange Traded Concepts
Oklahoma
-$38.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
Neuberger Berman Group
1
Neuberger Berman Group
New York
$122M +$1.3M +50,770 +1%
LPL Financial
2
LPL Financial
California
$10.2M +$2.79M +108,915 +37%
Bank of America
3
Bank of America
North Carolina
$5.58M +$763K +29,767 +16%
Raymond James Financial
4
Raymond James Financial
Florida
$4.56M +$161K +6,273 +4%
ETC
5
Exchange Traded Concepts
Oklahoma
$3.96M -$38.5K -1,504 -1%
Jones Financial Companies
6
Jones Financial Companies
Missouri
$1.97M +$607K +23,669 +44%
BWS
7
Broadway Wealth Solutions
Texas
$1.9M +$171K +6,685 +10%
M
8
MOTCO
Texas
$1.47M +$139K +5,425 +10%
Osaic Holdings
9
Osaic Holdings
Arizona
$1.15M +$1.13M +44,213 New
HighTower Advisors
10
HighTower Advisors
Illinois
$780K +$789K +30,794 New
WFAG
11
Worth Financial Advisory Group
North Carolina
$655K +$97.2K +3,793 +17%
Susquehanna International Group
12
Susquehanna International Group
Pennsylvania
$451K +$199K +7,776 +78%
Citadel Advisors
13
Citadel Advisors
Florida
$337K +$341K +13,306 New
Cambridge Investment Research Advisors
14
Cambridge Investment Research Advisors
Iowa
$229K +$6.95K +271 +3%
BPFA
15
Barnes Pettey Financial Advisors
Mississippi
$218K +$220K +8,588 New
BC
16
Barrett & Company
Rhode Island
$84.2K – – –
Mariner
17
Mariner
Kansas
– -$1.76M -70,096 Closed
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
– -$123K -4,909 Closed

NBSM Hedge Fund Activity: Q3 2025 in Review

16 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Neuberger Small-Mid Cap ETF (NBSM) for Q3 2025, worth a combined $155M — up 5.6% from $147M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new NBSM positions and 2 closed out — a net gain of 2 holders — while 10 added to existing stakes and 1 trimmed.

The largest buyer was LPL Financial, adding an estimated $2.79M. The largest seller was Mariner, exiting entirely with an estimated $1.76M sold.

  • 16 institutional investors held Neuberger Small-Mid Cap ETF (NBSM) as of Q3 2025, up from 15 in Q2 2025.
  • Funds reported $155M of Neuberger Small-Mid Cap ETF stock for Q3 2025, up 5.6% quarter-over-quarter.
  • 4 funds opened new Neuberger Small-Mid Cap ETF positions in Q3 2025 and 2 closed out, a net change of +2 holders.
  • The largest Neuberger Small-Mid Cap ETF buyer in Q3 2025 was LPL Financial, an estimated $2.79M added.
  • The largest Neuberger Small-Mid Cap ETF seller in Q3 2025 was Mariner, an estimated $1.76M sold.

Based on aggregated 13F filings for Q3 2025.