Neuberger Small-Mid Cap ETF
NBSM
19 hedge funds and large institutions have $171M invested in Neuberger Small-Mid Cap ETF in 2026 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 3 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
6% more funds holding
Funds holding: 18 → 19 (+1)
4% more capital invested
Capital invested by funds: $165M → $171M (+$6.07M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.19% less ownership
Funds ownership: 83.26% → 81.07% (-2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$8.31M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.34M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$657K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$471K |
| 5 |
SHF
Stage Harbor Financial
Westwood,
Massachusetts
|
+$397K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$2.04M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.47M |
| 3 |
WFAG
Worth Financial Advisory Group
Charlotte,
North Carolina
|
-$669K |
| 4 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
-$598K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$391K |
NBSM Hedge Fund Activity: Q1 2026 in Review
19 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in Neuberger Small-Mid Cap ETF (NBSM) for Q1 2026, worth a combined $171M — up 3.7% from $165M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new NBSM positions and 3 closed out — a net gain of 1 holder — while 9 added to existing stakes and 4 trimmed.
The largest buyer was Neuberger Berman Group, adding an estimated $8.31M. The largest seller was LPL Financial, cutting an estimated $2.04M.
- 19 institutional investors held Neuberger Small-Mid Cap ETF (NBSM) as of Q1 2026, up from 18 in Q4 2025.
- Funds reported $171M of Neuberger Small-Mid Cap ETF stock for Q1 2026, up 3.7% quarter-over-quarter.
- 4 funds opened new Neuberger Small-Mid Cap ETF positions in Q1 2026 and 3 closed out, a net change of +1 holder.
- The largest Neuberger Small-Mid Cap ETF buyer in Q1 2026 was Neuberger Berman Group, an estimated $8.31M added.
- The largest Neuberger Small-Mid Cap ETF seller in Q1 2026 was LPL Financial, an estimated $2.04M sold.
Based on aggregated 13F filings for Q1 2026.