NEUBERGER BERMAN NEXT GENERA NBXG
COMMON STOCK · Closed-End Fund · CUSIP 64133Q108
69
institutional holders
+5 vs Q1 2023
26.8m
shares reported held*
$292.7mreported value*
8 new
30 added
15 reduced
5 sold out
net bought ≈ $6.1m (+563.4k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($627.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.91.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 60 |
| Q4 2022 | 66 |
| Q1 2023 | 64 |
| Q2 2023 | 69 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 38 | 27 |
| Q1 2023 | 35 | 25 |
| Q2 2023 | 38 | 20 |
Biggest buyers
| Karpus Management, Inc. | Added | +290.8k |
| Thomas J. Herzfeld Advisors, Inc. | New | +209.2k |
| MORGAN STANLEY | Added | +143.2k |
| RPO LLC | New | +104.6k |
| 1607 Capital Partners, LLC | Added | +92.7k |
| Cornerstone Advisors, LLC | Added | +92.7k |
| ROYAL BANK OF CANADA | Added | +66.0k |
| Weiss Asset Management LP | New | +61.3k |
| Raymond James Financial Services Advisors, Inc. | Added | +56.7k |
| BANK OF AMERICA CORP /DE/ | Added | +56.0k |
Biggest sellers
| WOLVERINE ASSET MANAGEMENT LLC | Sold out | -319.6k |
| SIT INVESTMENT ASSOCIATES INC | Sold out | -200.4k |
| Quantedge Capital Pte Ltd | Reduced | -144.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -65.6k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -57.4k |
| UBS Group AG | Reduced | -32.5k |
| WELLS FARGO & COMPANY/MN | Reduced | -27.7k |
| Woodline Partners LP | Reduced | -21.9k |
| Invesco Ltd. | Reduced | -17.3k |
| IFP Advisors, Inc | Sold out | -13.7k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Saba Capital Management, L.P.
13D · may seek influence
+0.2 pts · filed 2025-03-07
Stated purposeOn March 5, 2025, Saba Capital, on behalf of Saba Capital Master Fund, Ltd., sent a letter to the Issuer containing a shareholder proposal under Rule 14a-8 promulgated under the Securities and Exchange Act of 1934, as amended, for presentation to the Issuer's shareholders at the Issuer's 2026 annual meeting of shareholders, asking the Board to take all necessary steps in its power to declassify the Board (such letter, the "Declassification Proposal Letter". The foregoing summary of the Declassification Proposal Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Declassification Proposal Letter, a copy of which is attached as Exhibit 3 and is incorporated by reference herein. Full filing |
9.7% |
| MORGAN STANLEY 13G · institution no change · filed 2025-05-06 | 5.4% |
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
BuyingSelling
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 1 | $16.9k | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 3.61% of their portfolio | 4.1m $44.6m | Reduced -57.4k |
| Saba Capital Management, L.P. 1.42% of their portfolio | 4.0m $43.2m | Added +16.4k |
| Karpus Management, Inc. 1.26% of their portfolio | 3.7m $40.0m | Added +290.8k |
| MORGAN STANLEY 0.00% of their portfolio | 2.6m $28.4m | Added +143.2k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 1.5m $16.5m | Unchanged |
| Cornerstone Advisors, LLC 0.68% of their portfolio | 1.3m $14.2m | Added +92.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $11.8m | Added +56.0k |
| UBS Group AG 0.00% of their portfolio | 1.0m $11.4m | Reduced -32.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 909.1k $9.9m | Reduced -27.7k |
| 1607 Capital Partners, LLC 0.70% of their portfolio | 892.6k $9.7m | Added +92.7k |
| Quantedge Capital Pte Ltd 2.89% of their portfolio | 595.1k $6.5m | Reduced -144.8k |
| Bulldog Investors, LLP 2.07% of their portfolio | 572.9k $6.3m | Added +360 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 439.6k $4.8m | Added +66.0k |
| Atlas Wealth LLC 0.76% of their portfolio | 374.9k $4.1m | Added +8.1k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 347.3k $3.8m | Added +56.7k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 341.8k $3.7m | Added +37.1k |
| Advisors Asset Management, Inc. 0.07% of their portfolio | 321.5k $3.5m | Added +19.1k |
| Woodline Partners LP 0.04% of their portfolio | 300.0k $3.3m | Reduced -21.9k |
| CORRADO ADVISORS, LLC 2.07% of their portfolio | 271.3k $3.0m | Added +12.5k |
| Thomas J. Herzfeld Advisors, Inc. 0.91% of their portfolio | 209.2k $2.3m | New |
| CLOUGH CAPITAL PARTNERS L P 0.20% of their portfolio | 180.5k $2.0m | Unchanged |
| Matisse Capital 1.08% of their portfolio | 160.0k $1.7m | Unchanged |
| Beverly Hills Private Wealth, LLC 0.27% of their portfolio | 152.4k $1.6m | Added +7.1k |
| RPO LLC 1.16% of their portfolio | 104.6k $1.1m | New |
| Private Advisor Group, LLC 0.01% of their portfolio | 92.9k $1.0m | Added +2.5k |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.55% of their portfolio | 91.2k $994.6k | First filing |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 89.5k $976.1k | Added +24.8k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 85.5k $932.6k | Added +5.4k |
| HighTower Advisors, LLC 0.00% of their portfolio | 81.7k $894.0k | Added +5.1k |
| Cornerstone Wealth Management, LLC 0.07% of their portfolio | 70.3k $767.2k | Added +9.8k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 69.6k $759.7k | Added +12.3k |
| Dakota Wealth Management 0.03% of their portfolio | 65.3k $712.4k | Added +8.2k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 62.2k $678.6k | Added +8.0k |
| Weiss Asset Management LP 0.08% of their portfolio | 61.3k $668.5k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 59.3k $648.6k | Reduced -3.3k |
| Shaker Financial Services, LLC 0.28% of their portfolio | 59.2k $645.5k | Reduced -10.3k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.15% of their portfolio | 50.5k $551.1k | Added +16.1k |
| SkyView Investment Advisors, LLC 0.14% of their portfolio | 50.0k $546.0k | Unchanged |
| Alpine Global Management, LLC 0.07% of their portfolio | 46.2k $504.0k | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 33.4k $364.2k | Reduced -65.6k |
| Invesco Ltd. 0.00% of their portfolio | 32.3k $352.4k | Reduced -17.3k |
| Hilltop Holdings Inc. 0.04% of their portfolio | 31.7k $346.2k | Reduced -1.1k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 30.9k $336.6k | First filing |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 30.7k $334.9k | Added +12.6k |
| WEDBUSH SECURITIES INC 0.02% of their portfolio | 29.2k $319.0k | Reduced -1.2k |
| LPL Financial LLC 0.00% of their portfolio | 24.5k $267.0k | Added +8.5k |
| AQR Arbitrage LLC 0.01% of their portfolio | 23.5k $256.5k | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 21.5k $234.5k | New |
| Claro Advisors Inc. 0.06% of their portfolio | 20.6k $224.9k | New |
| Eudaimonia Partners, LLC 0.05% of their portfolio | 19.9k $217.6k | Added +940 |
| Ignite Planners, LLC 0.07% of their portfolio | 16.7k $179.1k | Added +1.3k |
| Onyx Bridge Wealth Group LLC 0.04% of their portfolio | 15.3k $166.5k | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 14.3k $156.1k | Reduced -9.1k |
| J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio | 12.9k $141.3k | Added +268 |
| NFSG Corp 0.06% of their portfolio | 11.5k $125.5k | Reduced -2.8k |
| AlphaStar Capital Management, LLC 0.01% of their portfolio | 10.9k $119.4k | Reduced -2.0k |
| HARBOUR INVESTMENTS, INC. 0.01% of their portfolio | 10.7k $116.7k | Unchanged |
| Allie Family Office LLC 0.08% of their portfolio | 10.0k $109.1k | Unchanged |
| Elequin Capital, LP 0.05% of their portfolio | 8.4k $92.1k | Reduced -1.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.0k $32.5k | New |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 2.6k $28.4k | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 1.7k $18.0k | Added +166 |
| Colonial Trust Co / SC 0.00% of their portfolio | 1.2k $13.6k | Unchanged |
| Rosenberg Matthew Hamilton 0.00% of their portfolio | 1.0k $10.9k | Unchanged |
| Gradient Investments LLC 0.00% of their portfolio | 567 $6.2k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 250 $2.7k | Added +5 |
| Ancora Advisors LLC 0.00% of their portfolio | 155 $1.7k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 9 $98 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |