Vault-13

NEUBERGER BERMAN REAL ESTATE XNROX

COM · Closed-End Fund · CUSIP 64190A103

61 institutional holders -2 vs Q1 2025
14,874,99714.9m shares reported held*
$47.9mreported value*
7 new 22 added 13 reduced 8 sold out net sold ≈ $1.1m (-331.0k 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 ≈ $3.22.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 45Q4 22: 54Q1 23: 60Q2 23: 65Q3 23: 65Q4 23: 57Q1 24: 54Q2 24: 51Q3 24: 50Q4 24: 56Q1 25: 63Q2 25: 6161Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202245
Q4 202254
Q1 202360
Q2 202365
Q3 202365
Q4 202357
Q1 202454
Q2 202451
Q3 202450
Q4 202456
Q1 202563
Q2 202561

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 20 bought or addedQ3 23: 26 cut or sold outQ4 23: 16 bought or addedQ4 23: 34 cut or sold outQ4 23Q1 24: 28 bought or addedQ1 24: 25 cut or sold outQ2 24: 21 bought or addedQ2 24: 26 cut or sold outQ2 24Q3 24: 18 bought or addedQ3 24: 25 cut or sold outQ4 24: 28 bought or addedQ4 24: 19 cut or sold outQ4 24Q1 25: 38 bought or addedQ1 25: 21 cut or sold outQ2 25: 29 bought or addedQ2 25: 21 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232026
Q4 20231634
Q1 20242825
Q2 20242126
Q3 20241825
Q4 20242819
Q1 20253821
Q2 20252921

Biggest buyers

Advisors Asset Management, Inc. New +421,231+421.2k
WOLVERINE ASSET MANAGEMENT LLC New +145,113+145.1k
Cornerstone Advisors, LLC Added +96,613+96.6k
UBS Group AG Added +66,985+67.0k
ROYAL BANK OF CANADA Added +65,986+66.0k
HRT FINANCIAL LP New +22,876+22.9k
BANK OF AMERICA CORP /DE/ Added +18,887+18.9k
CITADEL ADVISORS LLC New +18,746+18.7k
OSAIC HOLDINGS, INC. Added +15,635+15.6k
Fingerlakes Wealth Management, Inc. New +13,028+13.0k

Biggest sellers

RIVERNORTH CAPITAL MANAGEMENT, LLC Sold out -735,022-735.0k
MORGAN STANLEY Reduced -124,238-124.2k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Reduced -90,034-90.0k
Pathstone Holdings, LLC Sold out -77,325-77.3k
Yakira Capital Management, Inc. Sold out -72,286-72.3k
SIT INVESTMENT ASSOCIATES INC Reduced -31,950-31.9k
Soltis Investment Advisors LLC Sold out -21,225-21.2k
One Capital Management, LLC Sold out -17,370-17.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -16,995-17.0k
WELLS FARGO & COMPANY/MN Reduced -14,684-14.7k

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
FIRST TRUST PORTFOLIOS LP 13G · institution new · filed 2025-07-28 6.1% new 2.9m≈ $8.7m 2025-07-28

Fell to 5% or below in the last year: SIT INVESTMENT ASSOCIATES INC (3.2%, 2026-10-02)

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 0.65% of their portfolio Minneapolis, MN 9,432,8529.4m $30.4m $30.4m 0.65% Reduced -31.9k -31,950
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,904,6131.9m $6.1m $6.1m 0.00% Reduced -124.2k -124,238
3 Cornerstone Advisors, LLC 0.05% of their portfolio ASHEVILLE, NC 451,982452.0k $1.5m $1.5m 0.05% Added +96.6k +96,613
4 Advisors Asset Management, Inc. 0.02% of their portfolio Monument, CO 421,231421.2k $1.4m $1.4m 0.02% New
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 255,414255.4k $822.4k $822.4k 0.00% Added +1.1k +1,106
6 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 230,757230.8k $743.0k $743.0k 0.00% Added +15.6k +15,635
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 203,439203.4k $655.1k $655.1k 0.00% Added +18.9k +18,887
8 NWF Advisory Services Inc. 0.07% of their portfolio Los Angeles, CA 170,206170.2k $548.1k $548.1k 0.07% Added +12.0k +12,000
9 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 145,113145.1k $467.3k $467.3k 0.01% New
10 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 135,342135.3k $435.8k $435.8k 0.00% Reduced -11.8k -11,768
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 118,450118.5k $382.0k $382.0k 0.00% Added +66.0k +65,986
12 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio Englewood, NJ 113,117113.1k $364.2k $364.2k 0.03% Reduced -90.0k -90,034
13 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 113,100113.1k $364.4k $364.4k 0.01% Unchanged
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 109,326109.3k $352.0k $352.0k 0.00% Added +67.0k +66,985
15 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 88,85888.9k $286.1k $286.1k 0.00% Added +1.0k +1,023
16 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 78,64678.6k $253.2k $253.2k 0.00% Added +525 +525
17 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 73,45673.5k $236.5k $236.5k 0.00% Reduced -14.7k -14,684
18 ABSOLUTE INVESTMENT ADVISERS, LLC 0.03% of their portfolio ROSEMARY BEACH, FL 67,15267.2k $216.2k $216.2k 0.03% Unchanged
19 Live Oak Private Wealth LLC 0.03% of their portfolio WILMINGTON, NC 56,13856.1k $180.8k $180.8k 0.03% Unchanged
20 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 53,20153.2k $171.3k $171.3k 0.00% Added +3.5k +3,547
21 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 50,42750.4k $162.4k $162.4k 0.00% Added +1.2k +1,189
22 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 50,17150.2k $161.6k $161.6k 0.00% Added +185 +185
23 Parcion Private Wealth LLC 0.01% of their portfolio BELLEVUE, WA 48,53248.5k $156.3k $156.3k 0.01% Unchanged
24 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 39,06839.1k $125.8k $125.8k 0.00% Reduced -329 -329
25 Trust Investment Advisors 0.07% of their portfolio INDIANAPOLIS, IN 34,14134.1k $109.9k $109.9k 0.07% Added +846 +846
26 WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.03% of their portfolio HIGHLAND PARK, IL 32,70032.7k $105.3k $105.3k 0.03% Unchanged
27 RESOLUTE WEALTH ADVISOR, INC. 0.05% of their portfolio FINDLAY, OH 30,79230.8k $87.5k $87.5k 0.05% First filing
28 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 22,87622.9k $73.0k $73.0k 0.00% New
29 Modern Wealth Management, LLC 0.00% of their portfolio KANSAS CITY, MO 22,22822.2k $71.6k $71.6k 0.00% Unchanged
30 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 22,05922.1k $71.0k $71.0k 0.00% Added +2.6k +2,556
31 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 20,30620.3k $65.4k $65.4k 0.00% Added +4.7k +4,744
32 Compound Planning, Inc. 0.00% of their portfolio NEW YORK, NY 20,20020.2k $65.0k $65.0k 0.00% Added +1.2k +1,200
33 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 18,74618.7k $60.4k $60.4k 0.00% New
34 L.M. KOHN & COMPANY 0.02% of their portfolio CINCINNATI, OH 18,58118.6k $59.8k $59.8k 0.02% Unchanged
35 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 18,43518.4k $59.0k $59.0k 0.00% Added +6.6k +6,615
36 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 18,26418.3k $58.8k $58.8k 0.00% Unchanged
37 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 18,22618.2k $58.7k $58.7k 0.00% Added +345 +345
38 Arete Wealth Advisors, LLC 0.00% of their portfolio CHICAGO, IL 15,52915.5k $50.0k $50.0k 0.00% Reduced -4.7k -4,690
39 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.01% of their portfolio CONCORD, MA 13,74713.7k $44.3k $44.3k 0.01% Added +349 +349
40 Fingerlakes Wealth Management, Inc. 0.03% of their portfolio ITHACA, NY 13,02813.0k $42.0k $42.0k 0.03% New
41 KPP Advisory Services LLC 0.01% of their portfolio Louisville, KY 12,76012.8k $41.1k $41.1k 0.01% Unchanged
42 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 12,11212.1k $39.0k $39.0k 0.00% Added +137 +137
43 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 12,10012.1k $39.0k $39.0k 0.00% Unchanged
44 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 12,05612.1k $38.8k $38.8k 0.00% Reduced -10.0k -10,021
45 Evolution Wealth Advisors, LLC 0.01% of their portfolio AVENTURA, FL 11,77511.8k $37.9k $37.9k 0.01% Added +337 +337
46 E&G Advisors, LLC 0.01% of their portfolio HOUSTON, TX 11,50011.5k $37.0k $37.0k 0.01% Reduced -1.5k -1,500
47 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 10,94610.9k $35.2k $35.2k 0.00% Reduced -3.1k -3,099
48 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 10,56110.6k $34.0k $34.0k 0.00% New
49 K2 PRINCIPAL FUND, L.P. 0.01% of their portfolio TORONTO, A6 10,40010.4k $33.5k $33.5k 0.01% Unchanged
50 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 7,9588.0k $26.0k $26.0k 0.00% Unchanged
51 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,4613.5k $11.1k $11.1k 0.00% Reduced -14.0k -14,028
52 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 2,6302.6k $8.5k $8.5k 0.00% Reduced -3.1k -3,066
53 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 2,5002.5k $8.1k $8.1k 0.00% Unchanged
54 PIN OAK INVESTMENT ADVISORS INC 0.00% of their portfolio HOUSTON, TX 1,7001.7k $5.0k $5.0k 0.00% Unchanged
55 Fortis Group Advisors, LLC 0.00% of their portfolio WESTWOOD, NJ 666666 $2.1k $2.1k 0.00% Unchanged
56 WPG Advisers, LLC 0.00% of their portfolio BALTIMORE, MD 464464 $1.5k $1.5k 0.00% Reduced -102 -102
57 Mid-American Wealth Advisory Group, Inc. 0.00% of their portfolio KANSAS CITY, MO 448448 $1.4k $1.4k 0.00% New
58 COMERICA BANK 0.00% of their portfolio DALLAS, TX 290290 $934 $934 0.00% Added +175 +175
59 Quarry LP 0.00% of their portfolio NEW YORK, NY 205205 $660 $660 0.00% Unchanged
60 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 1616 $57 $57 0.00% Unchanged
61 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged