Total reported value
$131.4B
Reporting period: 2026-03-31 · Number of holdings: 3889
NEUBERGER BERMAN GROUP LLC disclosed 3889 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $131.4B and a quarterly turnover rate of 23.9%.
Browse other institutions with over $100B AUMBrowse other institutions starting with "N"
Trim MSFT
-3.1% -$1.5B
Add IVV
+29.2% $283.0M
Trim ABT
-39.5% -$300.3M
Trim AAPL
-1.9% -$372.5M
Trim JPM
-4.0% -$327.8M
Trim LLY
-2.5% -$315.9M
NEUBERGER BERMAN GROUP LLC is systematically trimming its five largest active bets—MSFT, AAPL, GOOG, LLY, JPM—reducing single-name weights from an already negligible HHI of 0.008. The token new buy in AZN (offset by a sold-out in AZNN) signals a tax-efficient swap, not new conviction, confirming this is a defensive capital rotation to reduce tail risk, not a hunt for Alpha.
These flows price in a regime shift where mega-cap scarcity peaks and the market rotates into value and smaller-cap sectors; the opposing thesis argues that AI-driven earnings concentration will sustain momentum in the trimmed names, making this early de-risking a costly hedge against the very strength that generated past returns.
With 2,157 holdings and a 100% diversification score, this portfolio bludgeons its own conviction edge into irrelevance. The true vulnerability is that the 86.37 momentum score forces it to chase consensus winners in up runs, but this quarter's trimming of those winners suggests a late-stage capitulation—if the trend reverses, the sheer number of positions turns every liquid exit into a coordinated delta-one selloff, hitting NAV faster than a concentrated book.
Generated by AI based on public SEC filings. Reflects past holdings only and should not be treated as investment advice.
Showing top 2157 holdings (of 3889 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 3.87% | — | +8.50% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 3.21% | -1.02% | -3.13% | |
| 3 | AAPL | Apple INC | Stock-Tech | 3.07% | -0.21% | -1.93% | |
| 4 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.77% | -0.06% | +6.47% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.08% | -0.13% | +0.64% | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.87% | -0.18% | -2.23% | |
| 7 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.76% | -0.21% | -3.99% | |
| 8 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.21% | -0.21% | -2.48% | |
| 9 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.14% | +0.23% | +29.21% | |
| 10 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.08% | -0.11% | +1.97% | |
| 11 | AVGO | Broadcom INC | Stock-Tech | 0.99% | -0.10% | -0.70% | |
| 12 | NEE | Nextera Energy INC | Stock-Utilities | 0.98% | +0.16% | +0.09% | |
| 13 | HD | Home Depot INC | Stock-Consumer Disc | 0.97% | — | +0.20% | |
| 14 | XOM | Exxon Mobil CORP | Stock-Energy | 0.81% | +0.19% | -8.74% | |
| 15 | ASML | ASML Holding N.V. | Stock-Tech | 0.73% | +0.14% | -2.56% | |
| 16 | V | Visa Inc-class A Shares | Stock-Financials | 0.71% | — | +2.31% | |
| 17 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.68% | +0.12% | +0.21% | |
| 18 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.68% | +0.14% | +6.78% | |
| 19 | WMB | Williams Cos INC | Stock-Energy | 0.64% | +0.11% | -2.42% | |
| 20 | TMUS | T-mobile US INC | Stock-Comm Services | 0.63% | — | -11.70% | |
| 21 | ADI | Analog Devices INC | Stock-Tech | 0.63% | +0.15% | +8.75% | |
| 22 | MSI | Motorola Solutions INC | Stock-Tech | 0.62% | +0.16% | +15.90% | |
| 23 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.60% | -0.09% | -10.95% | |
| 24 | GE | General Electric | Stock-Industrials | 0.58% | — | +7.46% | |
| 25 | APH | Amphenol Corp-cl A | Stock-Tech | 0.57% | -0.10% | -11.81% | |
| 26 | MA | Mastercard INC - A | Stock-Financials | 0.56% | -0.11% | -6.22% | |
| 27 | NFLX | Netflix INC | Stock-Comm Services | 0.54% | +0.17% | +42.23% | |
| 28 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.53% | — | -0.34% | |
| 29 | TRGP | Targa Resources CORP | Stock-Energy | 0.52% | +0.14% | -2.97% | |
| 30 | ORCL | Oracle CORP | Stock-Tech | 0.51% | -0.19% | -5.65% | |
| 31 | CVX | Chevron CORP | Stock-Energy | 0.50% | — | -10.53% | |
| 32 | NBCR | Neuberger Core Equity ETF | ETF-Other | 0.50% | — | +18.36% | |
| 33 | CME | Cme Group INC | Stock-Financials | 0.48% | — | -1.69% | |
| 34 | LIN | Linde plc | Stock-Materials | 0.47% | — | -1.78% | |
| 35 | CAT | Caterpillar INC | Stock-Industrials | 0.47% | — | +1.84% | |
| 36 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.46% | — | +6.20% | |
| 37 | AON | Aon plc | Stock-Financials | 0.46% | — | +2.97% | |
| 38 | SPGI | S&p Global INC | Stock-Financials | 0.45% | — | +5.83% | |
| 39 | LNG | Cheniere Energy INC | Stock-Energy | 0.44% | +0.12% | -6.07% | |
| 40 | WMT | Walmart INC | Stock-Consumer Staples | 0.44% | — | -11.29% | |
| 41 | ETN | Eaton Corporation plc | Stock-Industrials | 0.41% | — | +1.91% | |
| 42 | AZN | AstraZeneca PLC | Stock-Healthcare | 0.39% | +0.39% | NEW | |
| 43 | DHR | Danaher CORP | Stock-Healthcare | 0.39% | — | -2.07% | |
| 44 | AMD | Advanced Micro Devices | Stock-Tech | 0.39% | +0.14% | +59.07% | |
| 45 | EPD | Enterprise Products Partners | Stock-Energy | 0.39% | — | -4.56% | |
| 46 | CSX | Csx CORP | Stock-Industrials | 0.38% | +0.10% | +18.89% | |
| 47 | BX | Blackstone INC | Stock-Financials | 0.37% | — | +9.76% | |
| 48 | UBER | Uber Technologies INC | Stock-Industrials | 0.36% | — | +8.09% | |
| 49 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.35% | — | +8.97% | |
| 50 | CSCO | Cisco Systems INC | Stock-Tech | 0.35% | — | -5.85% |
Performance for Q3 2026
+1.9%
Performance Last 4 Quarters
+18.8%
Based on 76% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 3889 | $131.4B | 24 | |
| 2025-12-31 | 3617 | $134.3B | 19 | |
| 2025-09-30 | 3470 | $136.8B | 33 | |
| 2025-06-30 | 3455 | $130.0B | 0 | |
| 2025-03-31 | 3358 | $119.4B | 100 | |
| 2024-12-31 | 3306 | $126.0B | 0 | |
| 2024-09-30 | 3311 | $128.2B | 0 | |
| 2024-06-30 | 3281 | $121.8B | 0 | |
| 2024-03-31 | 3311 | $121.0B | 0 | |
| 2023-12-31 | 3343 | $114.7B | 0 | |
| 2023-09-30 | 3286 | $109.8B | 0 | |
| 2023-06-30 | 3265 | $111.8B | 0 | |
| 2023-03-31 | 3264 | $107.8B | 0 | |
| 2022-12-31 | 3233 | $102.0B | 0 | |
| 2022-09-30 | 3310 | $95.8B | 0 | |
| 2022-06-30 | 3360 | $99.5B | 0 | |
| 2022-03-31 | 3423 | $118.0B | 0 | |
| 2021-12-31 | 3423 | $127.5B | 0 | |
| 2021-09-30 | 3188 | $114.4B | 0 | |
| 2021-06-30 | 3177 | $114.6B | 95 | |
| 2021-03-31 | 3164 | $104.7B | 24 | |
| 2020-12-31 | 2906 | $96.4B | 23 | |
| 2020-09-30 | 2834 | $84.3B | 100 | |
| 2020-06-30 | 2689 | $80.4B | 0 | |
| 2020-03-31 | 2682 | $65.6B | 100 | |
| 2019-12-31 | 2703 | $85.7B | 0 | |
| 2019-09-30 | 2689 | $81.9B | 19 | |
| 2019-06-30 | 2709 | $83.6B | 17 | |
| 2019-03-31 | 2248 | $81.6B | 24 | |
| 2018-12-31 | 2319 | $71.7B | 29 | |
| 2018-09-30 | 2427 | $88.3B | 23 | |
| 2018-06-30 | 2504 | $90.6B | 18 | |
| 2018-03-31 | 2466 | $87.5B | 21 | |
| 2017-12-31 | 2557 | $87.0B | 23 | |
| 2017-09-30 | 1640 | $79.9B | 15 | |
| 2017-06-30 | 1616 | $77.9B | 17 | |
| 2017-03-31 | 1590 | $77.5B | 18 | |
| 2016-12-31 | 1809 | $74.5B | 20 | |
| 2016-09-30 | 1704 | $73.7B | 18 | |
| 2016-06-30 | 1816 | $72.6B | 18 | |
| 2016-03-31 | 1646 | $72.7B | 24 | |
| 2015-12-31 | 1669 | $76.4B | 24 | |
| 2015-09-30 | 1644 | $77.6B | 26 | |
| 2015-06-30 | 1636 | $89.9B | 22 | |
| 2015-03-31 | 1786 | $93.7B | 21 | |
| 2014-12-31 | 1775 | $96.3B | 22 | |
| 2014-09-30 | 1792 | $97.4B | 18 | |
| 2014-06-30 | 1820 | $102.4B | 18 | |
| 2014-03-31 | 1743 | $98.3B | 19 | |
| 2013-12-31 | 1807 | $97.3B | 83 | |
| 2013-09-30 | 1649 | $77.0B | 69 | |
| 2013-06-30 | 1658 | $84.1B | 0 |
Neuberger Berman Group LLC's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); Trim: Microsoft CORP (MSFT) — shares -3.13%; Add: Ishares Core S&p 500 ETF (IVV) — shares +29.21%; Trim: Abbott Laboratories (ABT) — shares -39.46%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +0.2% | +29.21% | Add |
| 2 | TER | Teradyne INC | +0.2% | +332.86% | Add |
| 3 | XOM | Exxon Mobil CORP | +0.2% | -8.74% | Trim |
| 4 | NFLX | Netflix INC | +0.2% | +42.23% | Add |
| 5 | MSI | Motorola Solutions INC | +0.2% | +15.90% | Add |
| 6 | NEE | Nextera Energy INC | +0.2% | +0.09% | Add |
| 7 | ADI | Analog Devices INC | +0.2% | +8.75% | Add |
| 8 | AMD | Advanced Micro Devices | +0.1% | +59.07% | Add |
| 9 | COST | Costco Wholesale CORP | +0.1% | +6.78% | Add |
| 10 | TRGP | Targa Resources CORP | +0.1% | -2.97% | Trim |
| 11 | ASML | ASML Holding N.V. | +0.1% | -2.56% | Trim |
| 12 | EW | Edwards Lifesciences CORP | +0.1% | +614.85% | Add |
| 13 | LNG | Cheniere Energy INC | +0.1% | -6.07% | Trim |
| 14 | JNJ | Johnson & Johnson | +0.1% | +0.21% | Add |
| 15 | ITW | Illinois Tool Works | +0.1% | +1419.35% | Add |
| 16 | WMB | Williams Cos INC | +0.1% | -2.42% | Trim |
| 17 | DOW | Dow INC | +0.1% | +18.43% | Add |
| 18 | CSX | Csx CORP | +0.1% | +18.89% | Add |
| 19 | AMZN | Amazon.com INC | -0.1% | +6.47% | Add |
| 20 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -10.95% | Trim |
| 21 | MMM | 3m Co | -0.1% | -35.46% | Trim |
| 22 | AVGO | Broadcom INC | -0.1% | -0.70% | Trim |
| 23 | APH | Amphenol Corp-cl A | -0.1% | -11.81% | Trim |
| 24 | WFC | Wells Fargo & Co | -0.1% | -16.37% | Trim |
| 25 | COF | Capital One Financial CORP | -0.1% | -17.82% | Trim |
| 26 | NOW | Servicenow INC | -0.1% | -16.79% | Trim |
| 27 | RDDT | Reddit Inc-cl A | -0.1% | -24.41% | Trim |
| 28 | LVS | Las Vegas Sands CORP | -0.1% | -89.78% | Trim |
| 29 | ROP | Roper Technologies INC | -0.1% | -55.10% | Trim |
| 30 | META | Meta Platforms Inc-class A | -0.1% | +1.97% | Add |
| 31 | PM | Philip Morris International | -0.1% | -42.82% | Trim |
| 32 | MA | Mastercard INC - A | -0.1% | -6.22% | Trim |
| 33 | APO | Apollo Global Management INC | -0.1% | -22.18% | Trim |
| 34 | VRSK | Verisk Analytics INC | -0.1% | -41.17% | Trim |
| 35 | HOOD | Robinhood Markets INC - A | -0.1% | -9.99% | Trim |
| 36 | WDAY | Workday Inc-class A | -0.1% | -98.05% | Trim |
| 37 | DIS | Walt Disney Co/the | -0.1% | -28.23% | Trim |
| 38 | WBD | Warner Bros Discovery INC | -0.1% | -43.52% | Trim |
| 39 | GOOGL | Alphabet Inc-cl A | -0.1% | +0.64% | Add |
| 40 | INTU | Intuit INC | -0.1% | -20.66% | Trim |
| 41 | GOOG | Alphabet Inc-cl C | -0.2% | -2.23% | Trim |
| 42 | ORCL | Oracle CORP | -0.2% | -5.65% | Trim |
| 43 | AAPL | Apple INC | -0.2% | -1.93% | Trim |
| 44 | JPM | Jpmorgan Chase & Co | -0.2% | -3.99% | Trim |
| 45 | LLY | Eli Lilly & Co | -0.2% | -2.48% | Trim |
| 46 | KD | Kyndryl Holdings INC | -0.2% | -32.82% | Trim |
| 47 | ABT | Abbott Laboratories | -0.2% | -39.46% | Trim |
| 48 | MSFT | Microsoft CORP | -1% | -3.13% | Trim |
| 49 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 50 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
Institutions with a similar AUM
CIK 0001608046
Total reported value
$131.7B
562 stks
2026-03-31
AUM within 0.2% of this institution
CIK 0001102598
Total reported value
$130.8B
13,055 stks
2021-03-31
Stale — no recent filing
AUM within 0.5% of this institution
CIK 0000869178
Total reported value
$133.2B
1,944 stks
2026-03-31
AUM within 1.4% of this institution
Institutions with overlapping top holdings
CIK 0000002230
Total reported value
$2.8B
99 stks
2026-03-31
5 of the top 5 holdings overlap, including Nvidia CORP
CIK 0000038777
Total reported value
$408.3B
14,782 stks
2026-03-31
5 of the top 5 holdings overlap, including Nvidia CORP
CIK 0000073124
Total reported value
$756.6B
19,864 stks
2026-03-31
5 of the top 5 holdings overlap, including Nvidia CORP