Vault-13

NEUBERGER BERMAN NEXT GENERA NBXG

COMMON STOCK · Closed-End Fund · CUSIP 64133Q108

80 institutional holders +1 vs Q1 2025
32,003,30232.0m shares reported held*
$467.3mreported value*
12 new 25 added 29 reduced 10 sold out net bought ≈ $7.9m (+486.3k 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. Holder counts are more reliable. Implied quarter-end price ≈ $14.60.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 60Q4 22: 66Q1 23: 64Q2 23: 69Q3 23: 72Q4 23: 79Q1 24: 80Q2 24: 73Q3 24: 72Q4 24: 84Q1 25: 79Q2 25: 8080Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202260
Q4 202266
Q1 202364
Q2 202369
Q3 202372
Q4 202379
Q1 202480
Q2 202473
Q3 202472
Q4 202484
Q1 202579
Q2 202580

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q3 23: 41 bought or addedQ3 23: 23 cut or sold outQ4 23: 50 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 45 bought or addedQ1 24: 34 cut or sold outQ2 24: 34 bought or addedQ2 24: 44 cut or sold outQ2 24Q3 24: 34 bought or addedQ3 24: 35 cut or sold outQ4 24: 44 bought or addedQ4 24: 34 cut or sold outQ4 24Q1 25: 37 bought or addedQ1 25: 41 cut or sold outQ2 25: 37 bought or addedQ2 25: 39 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234123
Q4 20235018
Q1 20244534
Q2 20243444
Q3 20243435
Q4 20244434
Q1 20253741
Q2 20253739

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +395,994+396.0k
ROYAL BANK OF CANADA Added +254,376+254.4k
WELLS FARGO & COMPANY/MN Added +246,649+246.6k
Bulldog Investors, LLP Added +236,457+236.5k
MORGAN STANLEY Added +149,727+149.7k
TWO SIGMA INVESTMENTS, LP New +145,683+145.7k
READYSTATE ASSET MANAGEMENT LP New +70,658+70.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +50,829+50.8k
Bank of New York Mellon Corp New +36,830+36.8k
Allspring Global Investments Holdings, LLC Added +36,520+36.5k

Biggest sellers

IEQ CAPITAL, LLC Reduced -673,395-673.4k
Verition Fund Management LLC Sold out -111,225-111.2k
SOA Wealth Advisors, LLC. Sold out -61,448-61.4k
Karpus Management, Inc. Reduced -58,745-58.7k
WOLVERINE ASSET MANAGEMENT LLC Reduced -56,751-56.8k
PNC Financial Services Group, Inc. Reduced -48,527-48.5k
SIT INVESTMENT ASSOCIATES INC Reduced -47,976-48.0k
Polar Asset Management Partners Inc. Sold out -37,114-37.1k
Thomas J. Herzfeld Advisors, Inc. Reduced -33,597-33.6k
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC Reduced -23,705-23.7k

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.

HolderStakeChangeShares Last filed
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% +0.2 pts 7.6m≈ $126.2m 2025-03-07
MORGAN STANLEY 13G · institution no change · filed 2025-05-06 5.4% no change 4.2m≈ $70.2m 2025-05-06

Insider purchases and sales in Q2 2025

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.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 3.05% of their portfolio NEW YORK, NY 7,663,3797.7m $111.9m $111.9m 3.05% Unchanged
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,759,6235.8m $84.1m $84.1m 0.01% Added +149.7k +149,727
3 Karpus Management, Inc. 1.71% of their portfolio Pittsford, NY 3,627,0013.6m $53.0m $53.0m 1.71% Reduced -58.7k -58,745
4 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 2,203,6102.2m $32.2m $32.2m 0.04% Unchanged
5 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,643,5091.6m $24.0m $24.0m 0.01% Added +246.6k +246,649
6 SIT INVESTMENT ASSOCIATES INC 0.44% of their portfolio Minneapolis, MN 1,423,9811.4m $20.8m $20.8m 0.44% Reduced -48.0k -47,976
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,270,5461.3m $18.5m $18.5m 0.00% Added +34.2k +34,246
8 Bulldog Investors, LLP 4.19% of their portfolio SADDLE BROOK, NJ 1,134,2881.1m $16.6m $16.6m 4.19% Added +236.5k +236,457
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 946,968947.0k $13.8m $13.8m 0.00% Added +396.0k +395,994
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 800,882800.9k $11.7m $11.7m 0.00% Added +254.4k +254,376
11 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 766,255766.3k $11.2m $11.2m 0.00% Added +15.0k +14,953
12 CAPSTONE INVESTMENT ADVISORS, LLC 0.06% of their portfolio NEW YORK, NY 477,748477.7k $7.0m $7.0m 0.06% Unchanged
13 Penserra Capital Management LLC 0.08% of their portfolio ORINDA, CA 372,970373.0k $5.4m $5.4m 0.08% Added +11.0k +11,020
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 336,495336.5k $4.9m $4.9m 0.01% Added +50.8k +50,829
15 Thomas J. Herzfeld Advisors, Inc. 1.64% of their portfolio MIAMI BEACH, FL 314,974315.0k $4.6m $4.6m 1.64% Reduced -33.6k -33,597
16 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.72% of their portfolio BLUE BELL, PA 294,579294.6k $4.3m $4.3m 0.72% Added +13.9k +13,860
17 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.29% of their portfolio London, X0 210,441210.4k $3.1m $3.1m 0.29% Reduced -7.7k -7,723
18 WOLVERINE ASSET MANAGEMENT LLC 0.04% of their portfolio CHICAGO, IL 178,622178.6k $2.6m $2.6m 0.04% Reduced -56.8k -56,751
19 Advisors Asset Management, Inc. 0.05% of their portfolio Monument, CO 176,315176.3k $2.6m $2.6m 0.05% Added +789 +789
20 CORRADO ADVISORS, LLC 1.55% of their portfolio RAMSEY, NJ 173,512173.5k $2.5m $2.5m 1.55% Added +8.1k +8,065
21 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 163,499163.5k $2.4m $2.4m 0.00% Added +36.5k +36,520
22 Quantedge Capital Pte Ltd 2.05% of their portfolio Singapore, U0 153,562153.6k $2.2m $2.2m 2.05% Reduced -23.4k -23,400
23 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 145,683145.7k $2.1m $2.1m 0.00% New
24 Matisse Capital 0.90% of their portfolio PORTLAND, OR 129,790129.8k $1.9m $1.9m 0.90% Unchanged
25 Cornerstone Wealth Management, LLC 0.11% of their portfolio ST. PETERS, MO 128,358128.4k $1.9m $1.9m 0.11% Added +3.6k +3,631
26 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 122,547122.5k $1.8m $1.8m 0.00% Reduced -4.6k -4,560
27 Beverly Hills Private Wealth, LLC 0.32% of their portfolio BEVERLY HILLS, CA 117,403117.4k $1.7m $1.7m 0.32% Reduced -130 -130
28 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.29% of their portfolio LEAWOOD, KS 88,99089.0k $1.3m $1.3m 0.29% Reduced -23.7k -23,705
29 Dakota Wealth Management 0.03% of their portfolio PALM BEACH GARDENS, FL 81,82081.8k $1.2m $1.2m 0.03% Reduced -278 -278
30 OPPENHEIMER & CO INC 0.02% of their portfolio NEW YORK, NY 79,96880.0k $1.2m $1.2m 0.02% Added +2.5k +2,529
31 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 76,57676.6k $1.1m $1.1m 0.01% Reduced -4.4k -4,446
32 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 74,98175.0k $1.1m $1.1m 0.00% Reduced -740 -740
33 READYSTATE ASSET MANAGEMENT LP 0.04% of their portfolio CHICAGO, IL 70,65870.7k $1.0m $1.0m 0.04% New
34 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 64,34864.3k $939.5k $939.5k 0.00% Added +10.2k +10,236
35 Claro Advisors Inc. 0.13% of their portfolio BOSTON, MA 54,71954.7k $798.9k $798.9k 0.13% Reduced -9.8k -9,850
36 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 52,24552.2k $762.8k $762.8k 0.00% Reduced -48.5k -48,527
37 FLAGSHIP HARBOR ADVISORS, LLC 0.03% of their portfolio BOSTON, MA 47,38247.4k $691.8k $691.8k 0.03% Added +15.6k +15,620
38 KINGSWOOD WEALTH ADVISORS, LLC 0.05% of their portfolio SAN DIEGO, CA 45,43445.4k $663.3k $663.3k 0.05% Added +7.5k +7,488
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 36,83036.8k $537.7k $537.7k 0.00% New
40 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 35,44035.4k $517.4k $517.4k 0.00% Reduced -13.5k -13,453
41 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 33,46033.5k $488.5k $488.5k 0.00% Unchanged
42 AlphaStar Capital Management, LLC 0.03% of their portfolio CORNELIUS, NC 30,71430.7k $448.4k $448.4k 0.03% Reduced -251 -251
43 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 28,22028.2k $412.0k $412.0k 0.00% Reduced -17.4k -17,407
44 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 26,87426.9k $392.4k $392.4k 0.02% New
45 Hilltop Holdings Inc. 0.02% of their portfolio DALLAS, TX 24,59024.6k $359.0k $359.0k 0.02% Reduced -390 -390
46 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 22,91722.9k $335.0k $335.0k 0.00% Added +282 +282
47 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 22,40222.4k $327.1k $327.1k 0.00% Reduced -800 -800
48 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.04% of their portfolio CONCORD, MA 21,77121.8k $317.9k $317.9k 0.04% Added +483 +483
49 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 21,60321.6k $315.4k $315.4k 0.00% Added +6.9k +6,852
50 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 20,78020.8k $303.4k $303.4k 0.00% New
51 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 20,00220.0k $292.0k $292.0k 0.01% New
52 CWM, LLC 0.00% of their portfolio OMAHA, NE 18,49718.5k $270.0k $270.0k 0.00% Unchanged
53 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 17,92817.9k $262.0k $262.0k 0.00% Unchanged
54 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 17,74617.7k $263.9k $263.9k 0.00% Reduced -4.1k -4,134
55 DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. 0.16% of their portfolio Singapore, U0 15,11915.1k $220.7k $220.7k 0.16% New
56 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 13,89513.9k $203.0k $203.0k 0.01% Added +533 +533
57 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 12,96813.0k $189.3k $189.3k 0.00% Reduced -1.2k -1,178
58 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 12,05012.1k $175.9k $175.9k 0.00% Reduced -13.7k -13,705
59 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,90111.9k $173.8k $173.8k 0.00% New
60 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 11,88011.9k $173.4k $173.4k 0.00% Reduced -673.4k -673,395
61 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 10,69510.7k $156.1k $156.1k 0.00% Unchanged
62 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 10,49510.5k $153.2k $153.2k 0.00% New
63 COMERICA BANK 0.00% of their portfolio DALLAS, TX 9,3149.3k $136.0k $136.0k 0.00% Added +1.2k +1,232
64 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,3025.3k $77.4k $77.4k 0.00% Reduced -11.6k -11,600
65 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 2,6912.7k $39.3k $39.3k 0.00% Reduced -4.5k -4,489
66 Nemes Rush Group LLC 0.00% of their portfolio NOVI, MI 2,2322.2k $32.6k $32.6k 0.00% New
67 GABLES CAPITAL MANAGEMENT INC. 0.01% of their portfolio MIAMI, FL 1,4731.5k $21.5k $21.5k 0.01% Unchanged
68 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,2201.2k $17.8k $17.8k 0.00% Reduced -13.8k -13,813
69 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,2101.2k $17.7k $17.7k 0.00% Reduced -790 -790
70 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 1,2001.2k $17.5k $17.5k 0.00% New
71 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,1701.2k $17.0k $17.0k 0.00% Unchanged
72 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,1501.1k $16.8k $16.8k 0.00% Reduced -3.5k -3,500
73 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 1,0001.0k $14.6k $14.6k 0.00% New
74 Estabrook Capital Management 0.00% of their portfolio NEW YORK, NY 942942 $13.8k $13.8k 0.00% Added +21 +21
75 Holos Integrated Wealth LLC 0.01% of their portfolio KENNETT SQUARE, PA 650650 $9.6k $9.6k 0.01% Unchanged
76 WPG Advisers, LLC 0.01% of their portfolio BALTIMORE, MD 578578 $8.4k $8.4k 0.01% Reduced -9 -9
77 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 576576 $8.4k $8.4k 0.00% Added +13 +13
78 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 155155 $2.3k $2.3k 0.00% Unchanged
79 DANSKE BANK A/S 0.00% of their portfolio COPENHAGEN V, G7 11 $15 $15 0.00% Unchanged
80 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged