NEUBERGER BERMAN GROUP LLC
Long book
$131.37B
Q1 2026
Positions
2151
Top-10 weight
22%
concentration
Last quarter
+13.0%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsNEUBERGER BERMAN GROUP LLC is a mechanically diversified allocator, running a $131.37B US long book across 2151 positions.
The portfolio is broadly diversified across 2151 positions (top 10 only 22%). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, APPLE INC, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.0%
Q2 2024
+6.9%
Q3 2024
+0.1%
Q4 2024
-3.6%
Q1 2025
+9.4%
Q2 2025
+6.4%
Q3 2025
+1.8%
Q4 2025
-2.1%
Q1 2026
+13.0%
Sector allocation
Technology 30%
Industrials 13%
Financials 12%
Consumer discretionary 9%
Utilities 8%
Healthcare 8%
Services media 6%
Energy 4%
Long book by quarter
What does NEUBERGER own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 29.2M | $5.09B | 3.9% | +8.5% |
| MSFT MICROSOFT CORP | Technology | 11.4M | $4.21B | 3.2% | -3.1% |
| AAPL APPLE INC | Technology | 15.9M | $4.04B | 3.1% | -1.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 17.5M | $3.65B | 2.8% | +6.5% |
| GOOGL ALPHABET INC-CL A | Technology | 9.5M | $2.74B | 2.1% | +0.6% |
| GOOG ALPHABET INC-CL C | Technology | 8.6M | $2.46B | 1.9% | -2.2% |
| JPM JPMORGAN CHASE & CO | Financials | 7.9M | $2.32B | 1.8% | -4.0% |
| LLY ELI LILLY & CO | Healthcare | 1.7M | $1.59B | 1.2% | -2.5% |
| META META PLATFORMS INC-CLASS A | Technology | 2.5M | $1.41B | 1.1% | +2.0% |
| AVGO BROADCOM INC | Technology | 4.2M | $1.30B | 1.0% | -0.7% |
| NEE NEXTERA ENERGY INC | Utilities | 13.8M | $1.28B | 1.0% | +0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 3.9M | $1.28B | 1.0% | +0.2% |
| XOM EXXON MOBIL CORP | Energy | 6.3M | $1.06B | 0.8% | -8.7% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 725.0K | $956.6M | 0.7% | -2.6% |
| V VISA INC-CLASS A SHARES | Services media | 3.1M | $936.6M | 0.7% | +2.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.6M | $890.3M | 0.7% | +0.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 892.2K | $889.3M | 0.7% | +6.8% |
| WMB WILLIAMS COS INC | Utilities | 11.5M | $838.1M | 0.6% | -2.4% |
| TMUS T-MOBILE US INC | Communications | 3.9M | $826.9M | 0.6% | -11.7% |
| ADI ANALOG DEVICES INC | Technology | 2.6M | $826.5M | 0.6% | +8.7% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 1.9M | $817.6M | 0.6% | +15.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.7M | $790.5M | 0.6% | -10.9% |
| GE GENERAL ELECTRIC | Industrials | 2.7M | $757.7M | 0.6% | +7.5% |
| APH AMPHENOL CORP-CL A | Technology | 5.9M | $746.2M | 0.6% | -11.8% |
| MA MASTERCARD INC - A | Services media | 1.5M | $733.2M | 0.6% | -6.2% |
| NFLX NETFLIX INC | Services media | 7.4M | $716.1M | 0.5% | +42.2% |
| TJX TJX COMPANIES INC | Consumer discretionary | 4.4M | $696.1M | 0.5% | -0.3% |
| TRGP TARGA RESOURCES CORP | Utilities | 2.7M | $679.4M | 0.5% | -3.0% |
| ORCL ORACLE CORP | Technology | 4.6M | $670.7M | 0.5% | -5.7% |
| CVX CHEVRON CORP | Energy | 3.2M | $663.0M | 0.5% | -10.5% |
| CME CME GROUP INC | Financials | 2.1M | $630.0M | 0.5% | -1.7% |
| LIN LINDE PLC | Materials | 1.2M | $619.5M | 0.5% | -1.8% |
| CAT CATERPILLAR INC | Industrials | 865.9K | $612.9M | 0.5% | +1.8% |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.9M | $603.2M | 0.5% | +6.2% |
| AON AON PLC-CLASS A | Financials | 1.9M | $599.7M | 0.5% | +3.0% |
| SPGI S&P GLOBAL INC | Services media | 1.4M | $591.0M | 0.4% | +5.8% |
| LNG CHENIERE ENERGY INC | Utilities | 2.1M | $582.4M | 0.4% | -6.1% |
| WMT WALMART INC | Consumer discretionary | 4.6M | $575.3M | 0.4% | -11.3% |
| ETN EATON CORP PLC | Industrials | 1.5M | $535.4M | 0.4% | +1.9% |
| AZN ASTRAZENECA PLC | Healthcare | 2.6M | $518.7M | 0.4% | New |
| DHR DANAHER CORP | Technology | 2.7M | $518.3M | 0.4% | -2.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 2.5M | $517.0M | 0.4% | +59.1% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 13.6M | $516.2M | 0.4% | -4.6% |
| CSX CSX CORP | Industrials | 12.3M | $502.8M | 0.4% | +18.9% |
| BX BLACKSTONE INC | Financials | 4.2M | $480.4M | 0.4% | +9.8% |
| UBER UBER TECHNOLOGIES INC | Services media | 6.6M | $476.3M | 0.4% | +8.1% |
| CSCO CISCO SYSTEMS INC | Technology | 5.9M | $456.4M | 0.3% | -5.9% |
| SCCO SOUTHERN COPPER CORP | Materials | 2.6M | $448.6M | 0.3% | -11.1% |
| CNP CENTERPOINT ENERGY INC | Utilities | 10.4M | $447.0M | 0.3% | -5.3% |
| BA BOEING CO/THE | Industrials | 2.2M | $446.5M | 0.3% | +1.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 3889 | $131.41B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 3617 | $134.34B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 3470 | $136.84B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ARESTATEMENT | Aug 25, 2025 | 3455 | $129.95B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 3455 | $129.87B | SEC ↗ | |
| Q1 2025 | 13F-HR | May 13, 2025 | 3358 | $119.40B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 3306 | $125.97B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 3311 | $128.16B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ARESTATEMENT | Nov 14, 2024 | 3281 | $121.83B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 3283 | $121.84B | SEC ↗ | |
| Q1 2024 | 13F-HR/ARESTATEMENT | Nov 14, 2024 | 3311 | $120.98B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 3313 | $121.00B | SEC ↗ |
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