Vault-13

NEUBERGER BERMAN REAL ESTATE XNROX

COM · Closed-End Fund · CUSIP 64190A103

64 institutional holders -2 vs Q1 2026
13,215,75813.2m shares reported held*
$40.0mreported value*
6 new 24 added 14 reduced 9 sold out net sold ≈ $1.9m (-638.8k 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 ≈ $3.03.

Trends to Q2 2026

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: 61Q3 25: 58Q4 25: 65Q1 26: 66Q2 26: 6464Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q3 202558
Q4 202565
Q1 202666
Q2 202664

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 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 25Q3 25: 29 bought or addedQ3 25: 23 cut or sold outQ4 25: 29 bought or addedQ4 25: 28 cut or sold outQ4 25Q1 26: 37 bought or addedQ1 26: 25 cut or sold outQ2 26: 30 bought or addedQ2 26: 23 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241825
Q4 20242819
Q1 20253821
Q2 20252921
Q3 20252923
Q4 20252928
Q1 20263725
Q2 20263023

Biggest buyers

Advisors Asset Management, Inc. Added +557,183+557.2k
1607 Capital Partners, LLC Added +553,444+553.4k
Kanen Wealth Management LLC Added +497,804+497.8k
ABSOLUTE INVESTMENT ADVISERS, LLC Added +277,947+277.9k
Quarry LP Added +113,832+113.8k
Logan Stone Capital, LLC New +33,356+33.4k
Calamos Advisors LLC Added +25,350+25.4k
CITADEL ADVISORS LLC New +23,193+23.2k
Cambridge Investment Research Advisors, Inc. Added +18,527+18.5k
Closed-End Fund Advisors, Inc. New +14,054+14.1k

Biggest sellers

SIT INVESTMENT ASSOCIATES INC Reduced -1,913,709-1.9m
Independent Advisor Alliance Sold out -356,420-356.4k
Concorde Asset Management, LLC Sold out -160,300-160.3k
Private Advisor Group, LLC Reduced -117,351-117.4k
LPL Financial LLC Reduced -54,005-54.0k
WOLVERINE ASSET MANAGEMENT LLC Reduced -43,147-43.1k
Integrity Advisory Solutions, LLC Sold out -22,448-22.4k
JANE STREET GROUP, LLC Sold out -21,554-21.6k
COMMONWEALTH EQUITY SERVICES, LLC Sold out -20,261-20.3k
OSAIC HOLDINGS, INC. Reduced -19,241-19.2k

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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 0.18% of their portfolio Minneapolis, MN 3,062,2773.1m $9.3m $9.3m 0.18% Reduced -1.9m -1,913,709
2 ABSOLUTE INVESTMENT ADVISERS, LLC 0.50% of their portfolio ROSEMARY BEACH, FL 1,714,6461.7m $5.2m $5.2m 0.50% Added +277.9k +277,947
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,390,5071.4m $4.2m $4.2m 0.00% Reduced -16.6k -16,570
4 Advisors Asset Management, Inc. 0.05% of their portfolio Monument, CO 1,047,3481.0m $3.2m $3.2m 0.05% Added +557.2k +557,183
5 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 796,558796.6k $2.4m $2.4m 0.03% Reduced -43.1k -43,147
6 Kanen Wealth Management LLC 0.55% of their portfolio COCONUT CREEK, FL 738,804738.8k $2.2m $2.2m 0.55% Added +497.8k +497,804
7 Quarry LP 0.35% of their portfolio NEW YORK, NY 738,287738.3k $2.2m $2.2m 0.35% Added +113.8k +113,832
8 1607 Capital Partners, LLC 0.19% of their portfolio Richmond, VA 732,239732.2k $2.2m $2.2m 0.19% Added +553.4k +553,444
9 Shaker Financial Services, LLC 0.36% of their portfolio Arlington, VA 381,877381.9k $1.2m $1.2m 0.36% Reduced -7.7k -7,733
10 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 380,263380.3k $1.2m $1.2m 0.00% Added +25.4k +25,350
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 314,016314.0k $951.5k $951.5k 0.00% Reduced -54.0k -54,005
12 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 307,606307.6k $932.0k $932.0k 0.00% Reduced -19.2k -19,241
13 NWF Advisory Services Inc. 0.07% of their portfolio Los Angeles, CA 230,300230.3k $697.8k $697.8k 0.07% Reduced -9.0k -9,000
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 229,304229.3k $694.8k $694.8k 0.00% Added +12.9k +12,896
15 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 113,699113.7k $344.5k $344.5k 0.00% Added +494 +494
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 80,96981.0k $245.0k $245.0k 0.00% Added +3.4k +3,436
17 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 74,69574.7k $226.3k $226.3k 0.00% Reduced -2.0k -1,975
18 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 61,22861.2k $185.5k $185.5k 0.00% Added +1.2k +1,206
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 59,96860.0k $181.7k $181.7k 0.00% Added +1.5k +1,497
20 Live Oak Private Wealth LLC 0.02% of their portfolio WILMINGTON, NC 56,13856.1k $170.1k $170.1k 0.02% Unchanged
21 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 50,29250.3k $152.4k $152.4k 0.00% Reduced -117.4k -117,351
22 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 48,61848.6k $147.3k $147.3k 0.00% Added +362 +362
23 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 36,76636.8k $112.0k $112.0k 0.00% Added +18.5k +18,527
24 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 36,19336.2k $109.7k $109.7k 0.00% Added +375 +375
25 Logan Stone Capital, LLC 0.02% of their portfolio CHICAGO, IL 33,35633.4k $101.1k $101.1k 0.02% New
26 Parcion Private Wealth LLC 0.01% of their portfolio BELLEVUE, WA 33,33333.3k $101.0k $101.0k 0.01% Unchanged
27 RESOLUTE WEALTH ADVISOR, INC. 0.05% of their portfolio FINDLAY, OH 30,79230.8k $87.5k $87.5k 0.05% Unchanged
28 DECISION INVESTMENTS, INC 0.07% of their portfolio SAN DIEGO, CA 26,37926.4k $79.9k $79.9k 0.07% Reduced -100 -100
29 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 25,89925.9k $78.5k $78.5k 0.00% Added +9.8k +9,761
30 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 25,32325.3k $76.7k $76.7k 0.00% Reduced -11.2k -11,204
31 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 23,19323.2k $70.3k $70.3k 0.00% New
32 Modern Wealth Management, LLC 0.00% of their portfolio KANSAS CITY, MO 22,22822.2k $67.4k $67.4k 0.00% Unchanged
33 West Wealth Group, LLC 0.01% of their portfolio Irvine, CA 21,01921.0k $63.7k $63.7k 0.01% Added +122 +122
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 20,65820.7k $62.6k $62.6k 0.00% Added +6.4k +6,420
35 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 20,53320.5k $62.2k $62.2k 0.00% Added +630 +630
36 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 20,05620.1k $60.8k $60.8k 0.00% Added +8.0k +8,000
37 Virtu Financial LLC 0.00% of their portfolio New York, NY 19,97320.0k $61.0k $61.0k 0.00% Added +8.4k +8,437
38 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 19,58519.6k $59.3k $59.3k 0.00% Added +448 +448
39 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 18,00018.0k $54.5k $54.5k 0.00% Reduced -1 -1
40 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 17,69217.7k $53.6k $53.6k 0.00% Added +88 +88
41 Fingerlakes Wealth Management, Inc. 0.03% of their portfolio ITHACA, NY 16,05016.1k $48.6k $48.6k 0.03% Added +1.7k +1,664
42 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 14,89214.9k $45.1k $45.1k 0.00% Unchanged
43 RHODES INVESTMENT ADVISORS INC /ADV 0.03% of their portfolio FORT WORTH, TX 14,50014.5k $43.9k $43.9k 0.03% Unchanged
44 Closed-End Fund Advisors, Inc. 0.04% of their portfolio RICHMOND, VA 14,05414.1k $42.6k $42.6k 0.04% New
45 Stonebridge Financial Group, LLC/CA 0.01% of their portfolio SAN RAFAEL, CA 13,30013.3k $40.0k $40.0k 0.01% First filing
46 Evolution Wealth Advisors, LLC 0.00% of their portfolio AVENTURA, FL 12,23812.2k $37.1k $37.1k 0.00% Unchanged
47 K2 PRINCIPAL FUND, L.P. 0.00% of their portfolio TORONTO, A6 10,40010.4k $31.5k $31.5k 0.00% Unchanged
48 E&G Advisors, LLC 0.01% of their portfolio HOUSTON, TX 10,20010.2k $30.9k $30.9k 0.01% Reduced -500 -500
49 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 10,13110.1k $30.7k $30.7k 0.00% New
50 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 9,8009.8k $29.7k $29.7k 0.00% Reduced -2.3k -2,300
51 Community Financial Services Group, LLC 0.00% of their portfolio NEWPORT, VT 8,5608.6k $26.1k $26.1k 0.00% Unchanged
52 Highland Investment Advisors LLC 0.01% of their portfolio PONTE VEDRA, FL 5,0805.1k $15.4k $15.4k 0.01% First filing
53 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 5,0005.0k $15.2k $15.2k 0.00% Added +2.5k +2,500
54 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 2,6302.6k $8.0k $8.0k 0.00% New
55 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 2,5002.5k $7.6k $7.6k 0.00% Unchanged
56 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 2,0002.0k $6.1k $6.1k 0.00% Unchanged
57 PIN OAK INVESTMENT ADVISORS INC 0.00% of their portfolio HOUSTON, TX 1,7001.7k $5.0k $5.0k 0.00% Unchanged
58 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 870870 $2.7k $2.7k 0.00% Unchanged
59 Fortis Group Advisors, LLC 0.00% of their portfolio WESTWOOD, NJ 666666 $2.0k $2.0k 0.00% Unchanged
60 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 200200 $606 $606 0.00% New
61 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 175175 $530 $530 0.00% Unchanged
62 WHITTIER TRUST CO OF NEVADA INC 0.00% of their portfolio RENO, NV 148148 $459 $459 0.00% Unchanged
63 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 4646 $139 $139 0.00% Unchanged
64 BlackRock, Inc. 0.00% of their portfolio New York, NY 11 $2 $2 0.00% Unchanged