Neuberger Berman Next Generation Connectivity Fund

NBXG • NYSE

Neuberger Berman Next Generation Connectivity Fund is a publicly traded company on NYSE. As of Q3 2025, 70 institutional investors hold shares in this company, with total holdings valued at $436.5M. Saba Capital Management, L.P. is the largest holder with a position valued at $118.8M.

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Overview

Overview of institutional ownership in NBXG as of Q3 2025

All Institutions

Institutions: 70
Value Held: $436.5M
Shares Held: 28.4M
Avg Position: $6.2M
Median Position: $656.0K

Hedge Funds

Hedge Funds: 7
Value Held: $147.2M
Shares Held: 9.6M
Avg Position: $21.0M
Median Position: $2.9M

Biggest Investors

Institutions with the largest positions in NBXG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
S Saba Capital Management, L.P. Hedge Fund•Multi-Strategy	Boaz Ronald Weinstein Founder	$118.8M 4.00% of portfolio	0.00% 7.7M shares	Q4 2022 Held for 2y 11m	$3.0B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$87.5M 0.01% of portfolio	0.00% 5.7M shares	Q4 2022 Held for 2y 11m	$1.65T
K Karpus Management, Inc. Institution	-	$49.2M 1.58% of portfolio	0.00% 3.2M shares	Q4 2022 Held for 2y 11m	$3.1B
LAZARD ASSET MANAGEMENT LLC Long Only Manager	Evan Lawrence Russo CEO	$33.5M 0.05% of portfolio	0.00% 2.2M shares	Q3 2025 Held for 2 months	$74.1B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$22.1M 0.00% of portfolio	0.00% 1.4M shares	Q4 2022 Held for 2y 11m	$488.50B
Bulldog Investors, LLC Hedge Fund•Activist	Phillip Franklin Goldstein Managing Partner	$17.5M 4.27% of portfolio	0.00% 1.1M shares	Q4 2022 Held for 2y 11m	$409.9M
UBS Group AG Institution	Sergio P. Ermotti CEO	$15.1M 0.00% of portfolio	0.00% 979.4K shares	Q4 2022 Held for 2y 11m	$511.54B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$14.2M 0.00% of portfolio	0.00% 920.5K shares	Q4 2022 Held for 2y 11m	$1.33T
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Long Only Manager	Thomas Wayne Griffith CEO	$12.9M 0.95% of portfolio	0.00% 836.5K shares	Q4 2022 Held for 2y 11m	$1.4B
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	Paul Matthew Britton CEO	$7.3M 0.08% of portfolio	0.00% 477.7K shares	Q4 2024 Held for 11 months	$9.4B

Net Capital Flow

Institutional buying and selling activity for NBXG in Q3 2025

Traded: +$19.2M
Buyers: 42
Sellers: 26
Total Bought: +$52.6M
Total Sold: −$33.5M
Avg Position: $5.5M

Biggest Buyers

Institution	Net Bought	Current Position
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$33.5M +-24.5K shares	$33.5M 2.2M shares
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Long Only Manager	+$9.6M +626.1K shares	$12.9M 836.5K shares
Thomas J. Herzfeld Advisors, Inc. Long Only Manager	+$1.2M +79.2K shares	$6.1M 394.2K shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	+$941.7K +61.2K shares	$6.1M 397.7K shares
S Saba Capital Management, L.P. Hedge Fund•Multi-Strategy	+$892.4K +58.0K shares	$118.8M 7.7M shares
Allspring Global Investments Holdings, LLC Long Only Manager	+$720.0K +46.8K shares	$3.2M 210.3K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$681.8K +44.3K shares	$2.9M 190.0K shares
Newbridge Financial Services Group, Inc. RIA/Wealth	+$648.4K +42.2K shares	$663.7K 43.2K shares
Atomi Financial Group, Inc. RIA/Wealth	+$648.4K +42.2K shares	$648.4K 42.2K shares
Goss Wealth Management LLC RIA/Wealth	+$504.0K +32.8K shares	$848.5K 55.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$9.6M −622.9K shares	$2.2M 143.4K shares
K Karpus Management, Inc. Institution	−$6.6M −426.4K shares	$49.2M 3.2M shares
UBS Group AG Institution	−$4.5M −291.1K shares	$15.1M 979.4K shares
WELLS FARGO & COMPANY/MN Institution	−$3.2M −208.8K shares	$22.1M 1.4M shares
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$2.6M −178.6K shares	Sold Off 0 shares
Q Quantedge Capital Pte Ltd Institution	−$1.4M −90.1K shares	$976.0K 63.5K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	−$1.3M −89.0K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$1.1M −71.7K shares	$87.5M 5.7M shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	−$1.0M −70.7K shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$407.7K −26.5K shares	$14.2M 920.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited NBXG in Q3 2025

New Positions: 8
New Value: $35.2M
Exited Positions: 9
Exited Value: $6.0M

New Positions

Institution	Position Value
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$33.5M 2.2M shares
Atomi Financial Group, Inc. RIA/Wealth	$648.4K 42.2K shares
Pathstone Holdings, LLC Family Office	$404.7K 26.3K shares
Stratos Wealth Advisors, LLC RIA/Wealth	$169.2K 11.0K shares
Creative Planning RIA/Wealth	$167.2K 10.9K shares
Focus Financial Network, Inc. RIA/Wealth	$154.5K 10.0K shares
SRS Capital Advisors, Inc. RIA/Wealth	$153.4K 10.0K shares
NBC SECURITIES, INC. RIA/Wealth	$18.0K 1.2K shares

Exited Positions

Institution	Previous Position
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.6M 178.6K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	$1.3M 89.0K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$1.0M 70.7K shares
X XTX Topco Ltd Institution	$392.4K 26.9K shares
H Hilltop Holdings Inc. Institution	$359.0K 24.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$173.8K 11.9K shares
Geneos Wealth Management Inc. RIA/Wealth	$39.3K 2.7K shares
N Nemes Rush Group LLC Institution	$32.6K 2.2K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	$17.7K 1.2K shares

Options Activity

Institutions with the largest Call and Put options positions in NBXG as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with NBXG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Bulldog Investors, LLC Hedge Fund•Activist	Phillip Franklin Goldstein Managing Partner	4.27% $17.5M	0.00% 1.1M shares	Q4 2022 Held for 2y 11m	$409.9M
S Saba Capital Management, L.P. Hedge Fund•Multi-Strategy	Boaz Ronald Weinstein Founder	4.00% $118.8M	0.00% 7.7M shares	Q4 2022 Held for 2y 11m	$3.0B
Thomas J. Herzfeld Advisors, Inc. Long Only Manager	Thomas Jay Herzfeld Chairman	2.08% $6.1M	0.00% 394.2K shares	Q3 2022 Held for 3y 2m	$291.7M
K Karpus Management, Inc. Institution	-	1.58% $49.2M	0.00% 3.2M shares	Q4 2022 Held for 2y 11m	$3.1B
Berson & Corrado Investment Advisors, LLC RIA/Wealth	Mark Anthony Corrado Managing Partner	1.58% $2.6M	0.00% 172.0K shares	Q4 2022 Held for 2y 11m	$167.2M
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Long Only Manager	Thomas Wayne Griffith CEO	0.95% $12.9M	0.00% 836.5K shares	Q4 2022 Held for 2y 11m	$1.4B
Deschutes Portfolio Strategy, LLC RIA/Wealth	Bryn Torkelson President	0.90% $2.0M	0.00% 129.8K shares	Q2 2024 Held for 1y 5m	$222.2M
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC RIA/Wealth	Jonathan Miller CEO	0.74% $4.9M	0.00% 317.4K shares	Q4 2022 Held for 2y 11m	$657.4M
Q Quantedge Capital Pte Ltd Institution	-	0.53% $976.0K	0.00% 63.5K shares	Q4 2022 Held for 2y 11m	$182.7M
Concorde Asset Management, LLC RIA/Wealth	Danielle Leigh Delongchamp President	0.38% $910.4K	0.00% 59.1K shares	Q3 2025 Held for 2 months	$238.8M

Hedge Fund Spotlight

Discover hedge funds investing in NBXG

Walleye Trading Advisors, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerWilliam Dunning England

Portfolio Value: $11.2B
Positions: 1,691
Last Reported: Q3 2025

Sector Allocation

Position in Neuberger Berman Next Generation Connectivity Fund

Market Value: $366.4K
Shares Held: 23.8K
Portfolio Weight: 0.00%
Owned Since: 2023-Q4

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$463.8M	4.15%
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$346.6M	3.10%
3 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$288.5M	2.58%