Neuberger Next Generation Connectivity Fund Inc
NBXG
66 hedge funds and large institutions have $231M invested in Neuberger Next Generation Connectivity Fund Inc in 2022 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 9 closing their positions.
111% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 9
22% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 18
16% more capital invested
Capital invested by funds: $199M → $231M (+$31.4M)
12% more funds holding
Funds holding: 59 → 66 (+7)
5.37% more ownership
Funds ownership: 26.82% → 32.18% (+5.4%)
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$16.1M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$6.91M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.82M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.77M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$2.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$7.18M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$2.02M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.48M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$974K |
| 5 |
ICM
Ionic Capital Management
New York
|
-$814K |
NBXG Hedge Fund Activity: Q4 2022 in Review
66 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Neuberger Next Generation Connectivity Fund Inc (NBXG) for Q4 2022, worth a combined $231M — up 16% from $199M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new NBXG positions and 9 closed out — a net gain of 10 holders — while 22 added to existing stakes and 18 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $16.1M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $7.18M sold.
- 66 institutional investors held Neuberger Next Generation Connectivity Fund Inc (NBXG) as of Q4 2022, up from 59 in Q3 2022.
- Funds reported $231M of Neuberger Next Generation Connectivity Fund Inc stock for Q4 2022, up 16% quarter-over-quarter.
- 19 funds opened new Neuberger Next Generation Connectivity Fund Inc positions in Q4 2022 and 9 closed out, a net change of +10 holders.
- The largest Neuberger Next Generation Connectivity Fund Inc buyer in Q4 2022 was Saba Capital Management, an estimated $16.1M added.
- The largest Neuberger Next Generation Connectivity Fund Inc seller in Q4 2022 was Rivernorth Capital Management, an estimated $7.18M sold.
Based on aggregated 13F filings for Q4 2022.