NEUBERGER BERMAN REAL ESTATE XNROX
COM · Closed-End Fund · CUSIP 64190A103
65
institutional holders
+5 vs Q1 2023
5.6m
shares reported held*
$17.2mreported value*
12 new
19 added
13 reduced
8 sold out
net bought ≈ $2.8m (+932.7k 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 ≈ $3.05.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 45 |
| Q4 2022 | 54 |
| Q1 2023 | 60 |
| Q2 2023 | 65 |
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 | 21 | 16 |
| Q1 2023 | 25 | 22 |
| Q2 2023 | 31 | 21 |
Biggest buyers
| RPO LLC | New | +354.0k |
| Cornerstone Advisors, LLC | New | +202.7k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +196.2k |
| BOOTHBAY FUND MANAGEMENT, LLC | New | +114.3k |
| MORGAN STANLEY | Added | +78.6k |
| Walleye Capital LLC | Added | +72.4k |
| Quarry LP | Added | +55.2k |
| CLOUGH CAPITAL PARTNERS L P | Added | +55.2k |
| AE Wealth Management LLC | Added | +52.1k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Added | +44.3k |
Biggest sellers
| Advisors Asset Management, Inc. | Reduced | -140.2k |
| Anfield Capital Management, LLC | Sold out | -78.5k |
| BROWN BROTHERS HARRIMAN & CO | Sold out | -55.5k |
| Invesco Ltd. | Sold out | -54.4k |
| BANK OF AMERICA CORP /DE/ | Reduced | -24.2k |
| LPL Financial LLC | Reduced | -20.6k |
| NOMURA HOLDINGS INC | Sold out | -20.0k |
| FLAGSHIP HARBOR ADVISORS, LLC | Sold out | -17.4k |
| Steward Partners Investment Advisory, LLC | Reduced | -17.0k |
| UBS Group AG | Reduced | -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 |
|---|---|
| FIRST TRUST PORTFOLIOS LP 13G · institution new · filed 2025-07-28 | 6.1% |
Fell to 5% or below in the last year: SIT INVESTMENT ASSOCIATES INC (3.2%, 2026-10-02)
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $3.9m | Added +78.6k |
| WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio | 475.7k $1.4m | Added +196.2k |
| RPO LLC 1.10% of their portfolio | 354.0k $1.1m | New |
| LPL Financial LLC 0.00% of their portfolio | 330.0k $1.0m | Reduced -20.6k |
| Mid-American Wealth Advisory Group, Inc. 0.75% of their portfolio | 306.7k $969.2k | First filing |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 266.0k $808.7k | Added +1.9k |
| AE Wealth Management LLC 0.00% of their portfolio | 243.4k $740.0k | Added +52.1k |
| Cornerstone Advisors, LLC 0.03% of their portfolio | 202.7k $616.2k | New |
| NWF Advisory Services Inc. 0.10% of their portfolio | 145.1k $441.1k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 134.7k $409.4k | Reduced -24.2k |
| Advisors Asset Management, Inc. 0.01% of their portfolio | 125.3k $380.9k | Reduced -140.2k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 114.3k $347.5k | New |
| Shaker Financial Services, LLC 0.14% of their portfolio | 103.5k $314.6k | Added +7.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 102.0k $310.2k | Reduced -2.6k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.04% of their portfolio | 95.6k $290.7k | Added +44.3k |
| Walleye Capital LLC 0.01% of their portfolio | 94.1k $286.1k | Added +72.4k |
| CLOUGH CAPITAL PARTNERS L P 0.03% of their portfolio | 85.4k $259.5k | Added +55.2k |
| Quarry LP 0.17% of their portfolio | 85.4k $259.5k | Added +55.2k |
| Atria Wealth Solutions, Inc. 0.00% of their portfolio | 67.1k $204.1k | Reduced -11.8k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 59.1k $179.7k | Added +100 |
| Yakira Capital Management, Inc. 0.05% of their portfolio | 57.4k $174.5k | Unchanged |
| Cetera Advisors LLC 0.00% of their portfolio | 55.9k $170.1k | Reduced -1.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 55.2k $168.0k | Added +9.0k |
| Concorde Asset Management, LLC 0.15% of their portfolio | 52.0k $158.1k | Added +30.0k |
| Parcion Private Wealth LLC 0.01% of their portfolio | 45.6k $138.6k | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 45.4k $138.2k | Reduced -3.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 41.5k $126.0k | Added +2.1k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 38.5k $117.0k | Unchanged |
| SeaCrest Wealth Management, LLC 0.01% of their portfolio | 38.3k $116.3k | Added +13.7k |
| Private Advisor Group, LLC 0.00% of their portfolio | 37.5k $113.9k | Added +278 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 36.1k $109.6k | Reduced -2.2k |
| UBS Group AG 0.00% of their portfolio | 35.6k $108.1k | Reduced -13.7k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 32.8k $99.8k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 32.3k $98.2k | New |
| E&G Advisors, LLC 0.03% of their portfolio | 28.0k $85.1k | Unchanged |
| Live Oak Private Wealth LLC 0.02% of their portfolio | 27.1k $82.4k | Unchanged |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 25.0k $76.0k | Added +7.3k |
| NORTH STAR ASSET MANAGEMENT INC 0.00% of their portfolio | 23.6k $71.7k | Reduced -4.3k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 22.6k $68.6k | Reduced -180 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 22.4k $68.0k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 22.1k $67.1k | Reduced -17.0k |
| Perigon Wealth Management, LLC 0.00% of their portfolio | 21.8k $66.2k | Reduced -3.0k |
| Arete Wealth Advisors, LLC 0.00% of their portfolio | 17.1k $52.0k | Added +1.9k |
| Quantedge Capital Pte Ltd 0.02% of their portfolio | 16.6k $50.5k | New |
| GREAT VALLEY ADVISOR GROUP, INC. 0.00% of their portfolio | 15.5k $47.1k | New |
| B. Riley Wealth Advisors, Inc. 0.00% of their portfolio | 15.0k $45.6k | Unchanged |
| L.M. KOHN & COMPANY 0.02% of their portfolio | 14.1k $42.7k | Added +1.0k |
| Johnson Midwest Financial, LLC 0.04% of their portfolio | 13.2k $40.2k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 12.9k $39.0k | New |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 12.9k $39.0k | New |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 10.9k $33.1k | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 10.5k $31.9k | New |
| Evolution Wealth Advisors, LLC 0.01% of their portfolio | 10.4k $31.6k | Unchanged |
| BENJAMIN F. EDWARDS & COMPANY, INC. 0.00% of their portfolio | 10.0k $30.0k | Unchanged |
| Larson Financial Group LLC 0.00% of their portfolio | 5.2k $15.7k | Added +3.0k |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 3.0k $9.2k | Unchanged |
| TOTH FINANCIAL ADVISORY CORP 0.00% of their portfolio | 3.0k $9.1k | New |
| PIN OAK INVESTMENT ADVISORS INC 0.01% of their portfolio | 1.7k $5.0k | New |
| Sunbelt Securities, Inc. 0.00% of their portfolio | 1.0k $3.1k | New |
| CWM, LLC 0.00% of their portfolio | 1.0k $3.0k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 600 $1.8k | Unchanged |
| Spire Wealth Management 0.00% of their portfolio | 594 $1.8k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 90 $274 | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 1 $3 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |