Neuberger Berman Group LLC
Reported US equity positions for Q1 2026 — $131.4B across 3,876 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $5.1B | 3.9% | 29,167,377 |
| MSFT Microsoft Corporation | $4.2B | 3.2% | 11,385,383 |
| AAPL Apple Inc. | $4.0B | 3.1% | 15,901,898 |
| AMZN Amazon.com, Inc. | $3.6B | 2.8% | 17,510,023 |
| GOOGL Alphabet Inc. | $2.7B | 2.1% | 9,535,136 |
| GOOG Alphabet Inc. - Class C Capital Stock | $2.5B | 1.9% | 8,565,244 |
| JPM JP Morgan Chase & Co. | $2.3B | 1.8% | 7,886,541 |
| LLY Eli Lilly and Company | $1.6B | 1.2% | 1,732,649 |
| IVV iShares Core S&P 500 ETF | $1.5B | 1.1% | 2,298,647 |
| META Meta Platforms, Inc. | $1.4B | 1.1% | 2,469,497 |
| AVGO Broadcom Inc. | $1.3B | 1.0% | 4,204,389 |
| NEE NextEra Energy, Inc. | $1.3B | 1.0% | 13,813,261 |
| HD The Home Depot, Inc. | $1.3B | 1.0% | 3,883,681 |
| XOM ExxonMobil Holdings Corporation | $1.1B | 0.8% | 6,265,593 |
| N07059210 Asml Holding Adr Representing Nv Adr | $956.6M | 0.7% | 724,980 |
| V Visa Inc. | $936.6M | 0.7% | 3,098,891 |
| JNJ Johnson & Johnson | $890.3M | 0.7% | 3,642,540 |
| COST Costco Wholesale Corporation | $889.3M | 0.7% | 892,222 |
| WMB The Williams Companies, Inc. | $838.1M | 0.6% | 11,511,441 |
| TMUS T-Mobile US, Inc. | $826.9M | 0.6% | 3,936,458 |
| ADI Analog Devices, Inc. | $826.5M | 0.6% | 2,597,955 |
| MSI Motorola Solutions, Inc. | $817.6M | 0.6% | 1,883,950 |
| BRK.B Berkshire Hathaway Inc. | $790.5M | 0.6% | 1,650,174 |
| GE GE Aerospace | $757.7M | 0.6% | 2,670,368 |
| APH Amphenol Corporation | $746.2M | 0.6% | 5,906,177 |
| MA Mastercard Incorporated | $733.2M | 0.6% | 1,467,749 |
| NFLX Netflix, Inc. | $716.1M | 0.5% | 7,445,068 |
| TJX The TJX Companies, Inc. | $696.1M | 0.5% | 4,359,888 |
| TRGP Targa Resources, Inc. | $679.4M | 0.5% | 2,709,896 |
| ORCL Oracle Corporation | $670.7M | 0.5% | 4,559,105 |
| CVX Chevron Corporation | $663.0M | 0.5% | 3,203,190 |
| NBCR Neuberger Core Equity Etf | $654.9M | 0.5% | 22,069,952 |
| CME CME Group Inc. | $630.0M | 0.5% | 2,132,546 |
| G54950103 Linde PLC | $619.5M | 0.5% | 1,249,519 |
| CAT Caterpillar, Inc. | $612.9M | 0.5% | 865,879 |
| MCD McDonald's Corporation | $603.2M | 0.5% | 1,940,554 |
| G0403H108 Aon PLC Class A A | $599.7M | 0.5% | 1,857,834 |
| SPGI S&P Global Inc. | $591.0M | 0.4% | 1,389,747 |
| LNG Cheniere Energy, Inc. | $582.4M | 0.4% | 2,052,277 |
| WMT Walmart Inc. | $575.3M | 0.4% | 4,629,617 |
| G29183103 Eaton Corp PLC | $535.4M | 0.4% | 1,496,635 |
| G0593M107 Astrazeneca PLC | $518.7M | 0.4% | 2,635,014 |
| DHR Danaher Corporation | $518.3M | 0.4% | 2,734,501 |
| AMD Advanced Micro Devices, Inc. | $517.0M | 0.4% | 2,541,282 |
| EPD Enterprise Products Partners L.P. | $516.2M | 0.4% | 13,640,543 |
| CSX CSX Corporation | $502.8M | 0.4% | 12,258,054 |
| BX Blackstone Inc. | $480.4M | 0.4% | 4,177,376 |
| UBER Uber Technologies, Inc. | $476.3M | 0.4% | 6,622,329 |
| VOO Vanguard S&P 500 ETF | $456.8M | 0.3% | 764,533 |
| CSCO Cisco Systems, Inc. | $456.4M | 0.3% | 5,881,247 |
| SCCO Southern Copper Corporation | $448.6M | 0.3% | 2,608,992 |
| CNP CenterPoint Energy, Inc (Holding Co) | $447.0M | 0.3% | 10,353,514 |
| BA The Boeing Company | $446.5M | 0.3% | 2,245,993 |
| BSX Boston Scientific Corporation | $443.8M | 0.3% | 7,072,894 |
| TMO Thermo Fisher Scientific Inc | $435.3M | 0.3% | 885,570 |
| UNP Union Pacific Corporation | $434.7M | 0.3% | 1,791,767 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $424.1M | 0.3% | 1,272,851 |
| FE FirstEnergy Corp. | $401.3M | 0.3% | 7,921,474 |
| DTM DT Midstream, Inc. | $395.6M | 0.3% | 2,937,408 |
| MRK Merck & Company, Inc. Common Stock (new) | $394.6M | 0.3% | 3,280,851 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| NVDA NVIDIA Corporation | Add | $5.1B | $5.0B | +9% |
| MSFT Microsoft Corporation | Trim | $4.2B | $5.7B | -3% |
| AAPL Apple Inc. | Trim | $4.0B | $4.4B | -2% |
| AMZN Amazon.com, Inc. | Add | $3.6B | $3.8B | +6% |
| GOOG Alphabet Inc. - Class C Capital Stock | Trim | $2.5B | $2.7B | -2% |
| JPM JP Morgan Chase & Co. | Trim | $2.3B | $2.6B | -4% |
| LLY Eli Lilly and Company | Trim | $1.6B | $1.9B | -2% |
| IVV iShares Core S&P 500 ETF | Add | $1.5B | $1.2B | +29% |
| META Meta Platforms, Inc. | Add | $1.4B | $1.6B | +2% |
| XOM ExxonMobil Holdings Corporation | Trim | $1.1B | $826.3M | -9% |
| N07059210 Asml Holding Adr Representing Nv Adr | Trim | $956.6M | $796.1M | -3% |
| V Visa Inc. | Add | $936.6M | $1.1B | +2% |
| COST Costco Wholesale Corporation | Add | $889.3M | $720.6M | +7% |
| WMB The Williams Companies, Inc. | Trim | $838.1M | $709.1M | -2% |
| TMUS T-Mobile US, Inc. | Trim | $826.9M | $905.2M | -12% |
| ADI Analog Devices, Inc. | Add | $826.5M | $647.9M | +9% |
| MSI Motorola Solutions, Inc. | Add | $817.6M | $623.1M | +16% |
| BRK.B Berkshire Hathaway Inc. | Trim | $790.5M | $931.5M | -11% |
| GE GE Aerospace | Add | $757.7M | $765.5M | +7% |
| APH Amphenol Corporation | Trim | $746.2M | $905.0M | -12% |
| MA Mastercard Incorporated | Trim | $733.2M | $893.7M | -6% |
| NFLX Netflix, Inc. | Add | $716.1M | $490.8M | +42% |
| TRGP Targa Resources, Inc. | Trim | $679.4M | $515.3M | -3% |
| ORCL Oracle Corporation | Trim | $670.7M | $941.9M | -6% |
| CVX Chevron Corporation | Trim | $663.0M | $545.6M | -11% |
| NBCR Neuberger Core Equity Etf | Add | $654.9M | $587.5M | +18% |
| CME CME Group Inc. | Trim | $630.0M | $592.5M | -2% |
| G54950103 Linde PLC | Trim | $619.5M | $542.4M | -2% |
| CAT Caterpillar, Inc. | Add | $612.9M | $487.1M | +2% |
| MCD McDonald's Corporation | Add | $603.2M | $558.5M | +6% |
| G0403H108 Aon PLC Class A A | Add | $599.7M | $636.7M | +3% |
| SPGI S&P Global Inc. | Add | $591.0M | $686.4M | +6% |
| LNG Cheniere Energy, Inc. | Trim | $582.4M | $424.7M | -6% |
| WMT Walmart Inc. | Trim | $575.3M | $581.5M | -11% |
| G29183103 Eaton Corp PLC | Add | $535.4M | $467.8M | +2% |
| DHR Danaher Corporation | Trim | $518.3M | $639.3M | -2% |
| AMD Advanced Micro Devices, Inc. | Add | $517.0M | $342.1M | +59% |
| EPD Enterprise Products Partners L.P. | Trim | $516.2M | $458.2M | -5% |
| CSX CSX Corporation | Add | $502.8M | $373.8M | +19% |
| BX Blackstone Inc. | Add | $480.4M | $586.6M | +10% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.