Neuberger Small-Mid Cap ETF
NBSM
18 hedge funds and large institutions have $165M invested in Neuberger Small-Mid Cap ETF in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 0 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
13% more funds holding
Funds holding: 16 → 18 (+2)
6% more capital invested
Capital invested by funds: $155M → $165M (+$9.72M)
1.56% less ownership
Funds ownership: 84.82% → 83.26% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHF
Stage Harbor Financial
Westwood,
Massachusetts
|
+$5.64M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$2.04M |
| 3 |
BWS
Broadway Wealth Solutions
San Antonio,
Texas
|
+$995K |
| 4 |
Jones Financial Companies
Des Peres,
Missouri
|
+$606K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$457K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$452K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$250K |
| 3 |
LPL Financial
San Diego,
California
|
-$137K |
| 4 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
-$38.1K |
| 5 |
M
MOTCO
San Antonio,
Texas
|
-$11.5K |
NBSM Hedge Fund Activity: Q4 2025 in Review
18 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Neuberger Small-Mid Cap ETF (NBSM) for Q4 2025, worth a combined $165M — up 6.3% from $155M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new NBSM positions and 0 closed out — a net gain of 2 holders — while 10 added to existing stakes and 5 trimmed.
The largest buyer was Stage Harbor Financial, opening a new position worth an estimated $5.64M. The largest seller was Osaic Holdings, cutting an estimated $452K.
- 18 institutional investors held Neuberger Small-Mid Cap ETF (NBSM) as of Q4 2025, up from 16 in Q3 2025.
- Funds reported $165M of Neuberger Small-Mid Cap ETF stock for Q4 2025, up 6.3% quarter-over-quarter.
- 2 funds opened new Neuberger Small-Mid Cap ETF positions in Q4 2025 and 0 closed out, a net change of +2 holders.
- The largest Neuberger Small-Mid Cap ETF buyer in Q4 2025 was Stage Harbor Financial, an estimated $5.64M added.
- The largest Neuberger Small-Mid Cap ETF seller in Q4 2025 was Osaic Holdings, an estimated $452K sold.
Based on aggregated 13F filings for Q4 2025.