Neuberger Next Generation Connectivity Fund Inc
NBXG
64 hedge funds and large institutions have $273M invested in Neuberger Next Generation Connectivity Fund Inc in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 31 increasing their positions, 17 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
82% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 17
18% more capital invested
Capital invested by funds: $231M → $273M (+$42.4M)
1.11% more ownership
Funds ownership: 32.18% → 33.3% (+1.1%)
3% less funds holding
Funds holding: 66 → 64 (-2)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$5.22M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.07M |
| 3 |
SCM
Saba Capital Management
New York
|
+$3.52M |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
+$3.19M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$3.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$5.68M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.57M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.34M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.24M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.96M |
NBXG Hedge Fund Activity: Q1 2023 in Review
64 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Neuberger Next Generation Connectivity Fund Inc (NBXG) for Q1 2023, worth a combined $273M — up 18% from $231M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NBXG and 6 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 31 added.
The largest buyer was UBS Group, adding an estimated $5.22M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $5.68M sold.
- 64 institutional investors held Neuberger Next Generation Connectivity Fund Inc (NBXG) as of Q1 2023, down from 66 in Q4 2022.
- Funds reported $273M of Neuberger Next Generation Connectivity Fund Inc stock for Q1 2023, up 18% quarter-over-quarter.
- 6 funds opened new Neuberger Next Generation Connectivity Fund Inc positions in Q1 2023 and 7 closed out, a net change of -1 holder.
- The largest Neuberger Next Generation Connectivity Fund Inc buyer in Q1 2023 was UBS Group, an estimated $5.22M added.
- The largest Neuberger Next Generation Connectivity Fund Inc seller in Q1 2023 was Weiss Asset Management, an estimated $5.68M sold.
Based on aggregated 13F filings for Q1 2023.