Neuberger Next Generation Connectivity Fund Inc
NBXG
71 hedge funds and large institutions have $357M invested in Neuberger Next Generation Connectivity Fund Inc in 2024 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 18 closing their positions.
11% more capital invested
Capital invested by funds: $322M → $357M (+$34.8M)
0.3% more ownership
Funds ownership: 34.81% → 35.1% (+0.3%)
8% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 26
10% less funds holding
Funds holding: 79 → 71 (-8)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
44% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$18M |
| 2 |
Lazard Asset Management
New York
|
+$7.61M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.1M |
| 4 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$5.67M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$12.2M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$8.42M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.25M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.89M |
NBXG Hedge Fund Activity: Q2 2024 in Review
71 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Neuberger Next Generation Connectivity Fund Inc (NBXG) for Q2 2024, worth a combined $357M — up 11% from $322M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of NBXG and 10 opened new positions — a net loss of 8 holders — while 26 trimmed existing stakes and 24 added.
The largest buyer was Saba Capital Management, adding an estimated $18M. The largest seller was City of London Investment Management, cutting an estimated $12.2M.
- 71 institutional investors held Neuberger Next Generation Connectivity Fund Inc (NBXG) as of Q2 2024, down from 79 in Q1 2024.
- Funds reported $357M of Neuberger Next Generation Connectivity Fund Inc stock for Q2 2024, up 11% quarter-over-quarter.
- 10 funds opened new Neuberger Next Generation Connectivity Fund Inc positions in Q2 2024 and 18 closed out, a net change of -8 holders.
- The largest Neuberger Next Generation Connectivity Fund Inc buyer in Q2 2024 was Saba Capital Management, an estimated $18M added.
- The largest Neuberger Next Generation Connectivity Fund Inc seller in Q2 2024 was City of London Investment Management, an estimated $12.2M sold.
Based on aggregated 13F filings for Q2 2024.