Neuberger Small-Mid Cap ETF
NBSM
23 hedge funds and large institutions have $69.9M invested in Neuberger Small-Mid Cap ETF in 2026 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
21% more funds holding
Funds holding: 19 → 23 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
23.06% less ownership
Funds ownership: 81.07% → 58.01% (-23%)
59% less capital invested
Capital invested by funds: $171M → $69.9M (-$101M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.42M |
| 2 |
WFAG
Worth Financial Advisory Group
Charlotte,
North Carolina
|
+$781K |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$766K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$753K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$466K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$118M |
| 2 |
M
MOTCO
San Antonio,
Texas
|
-$1.67M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.35M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$693K |
| 5 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
-$653K |
NBSM Hedge Fund Activity: Q2 2026 in Review
23 of the 8,318 institutional investors tracked by Wall St. Rank reported a position in Neuberger Small-Mid Cap ETF (NBSM) for Q2 2026, worth a combined $69.9M — down 59% from $171M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NBSM positions and 3 closed out — a net gain of 4 holders — while 9 added to existing stakes and 5 trimmed.
The largest buyer was Morgan Stanley, opening a new position worth an estimated $1.42M. The largest seller was Neuberger Berman Group, cutting an estimated $118M.
- 23 institutional investors held Neuberger Small-Mid Cap ETF (NBSM) as of Q2 2026, up from 19 in Q1 2026.
- Funds reported $69.9M of Neuberger Small-Mid Cap ETF stock for Q2 2026, down 59% quarter-over-quarter.
- 7 funds opened new Neuberger Small-Mid Cap ETF positions in Q2 2026 and 3 closed out, a net change of +4 holders.
- The largest Neuberger Small-Mid Cap ETF buyer in Q2 2026 was Morgan Stanley, an estimated $1.42M added.
- The largest Neuberger Small-Mid Cap ETF seller in Q2 2026 was Neuberger Berman Group, an estimated $118M sold.
Based on aggregated 13F filings for Q2 2026.