NRO Neuberger Berman Real Estate S
Neuberger Berman Real Estate S (NRO) Institutional Ownership
What the institutions did with NRO last quarter, from their 13F filings. Counting managers rather than shares is the point: a single index fund adding to a position tells you far less than four hundred separate managers all deciding to. Positions as reported for the quarter ended June 30, 2026.
Every manager below opens. Subscribers can see any firm's whole portfolio — every position, its weight, and what they bought, trimmed and exited last quarter.
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Each block is one manager, sized by shares held and colored by how much they moved the position last quarter. Green added, red cut, grey stood pat.
Largest holders
| Manager | Shares | % of reported |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC | 3.1M | 23.2% |
| ABSOLUTE INVESTMENT ADVISERS, LLC | 1.7M | 13.0% |
| MORGAN STANLEY | 1.4M | 10.5% |
| Advisors Asset Management, Inc. | 1.0M | 7.9% |
| WOLVERINE ASSET MANAGEMENT LLC | 796.6K | 6.0% |
| Kanen Wealth Management LLC | 738.8K | 5.6% |
| Quarry LP | 738.3K | 5.6% |
| 1607 Capital Partners, LLC | 732.2K | 5.5% |
| Shaker Financial Services, LLC | 381.9K | 2.9% |
| Calamos Advisors LLC | 380.3K | 2.9% |
| LPL Financial LLC | 314.0K | 2.4% |
| OSAIC HOLDINGS, INC. | 307.6K | 2.3% |
| NWF Advisory Services Inc. | 230.3K | 1.7% |
| BANK OF AMERICA CORP /DE/ | 229.3K | 1.7% |
| Cetera Investment Advisers | 113.7K | 0.9% |
| ROYAL BANK OF CANADA | 81.0K | 0.6% |
| RAYMOND JAMES FINANCIAL INC | 74.7K | 0.6% |
| BENJAMIN EDWARDS INC | 61.2K | 0.5% |
| WELLS FARGO & COMPANY/MN | 60.0K | 0.5% |
| Live Oak Private Wealth LLC | 56.1K | 0.4% |
| Private Advisor Group, LLC | 50.3K | 0.4% |
| Kestra Advisory Services, LLC | 48.6K | 0.4% |
| Cambridge Investment Research Advisors, Inc. | 36.8K | 0.3% |
| ENVESTNET ASSET MANAGEMENT INC | 36.2K | 0.3% |
| Logan Stone Capital, LLC | 33.4K | 0.3% |
Largest changes
| Manager | Action | Previous | Current | Change |
|---|---|---|---|---|
| SIT INVESTMENT ASSOCIATES INC | Reduced | 5.0M | 3.1M | -1.9M |
| Advisors Asset Management, Inc. | Increased | 490.2K | 1.0M | +557.2K |
| 1607 Capital Partners, LLC | Increased | 178.8K | 732.2K | +553.4K |
| Kanen Wealth Management LLC | Increased | 241.0K | 738.8K | +497.8K |
| Independent Advisor Alliance | Sold Out | 356.4K | 0 | -356.4K |
| ABSOLUTE INVESTMENT ADVISERS, LLC | Increased | 1.4M | 1.7M | +277.9K |
| Concorde Asset Management, LLC | Sold Out | 160.3K | 0 | -160.3K |
| Private Advisor Group, LLC | Reduced | 167.6K | 50.3K | -117.4K |
| Quarry LP | Increased | 624.5K | 738.3K | +113.8K |
| LPL Financial LLC | Reduced | 368.0K | 314.0K | -54.0K |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | 839.7K | 796.6K | -43.1K |
| Logan Stone Capital, LLC | New | 0 | 33.4K | +33.4K |
| Calamos Advisors LLC | Increased | 354.9K | 380.3K | +25.4K |
| CITADEL ADVISORS LLC | New | 0 | 23.2K | +23.2K |
| Integrity Advisory Solutions, LLC | Sold Out | 22.4K | 0 | -22.4K |
| JANE STREET GROUP, LLC | Sold Out | 21.6K | 0 | -21.6K |
| COMMONWEALTH EQUITY SERVICES, LLC | Sold Out | 20.3K | 0 | -20.3K |
| OSAIC HOLDINGS, INC. | Reduced | 326.8K | 307.6K | -19.2K |
| Cambridge Investment Research Advisors, Inc. | Increased | 18.2K | 36.8K | +18.5K |
| NEUBERGER BERMAN GROUP LLC | Sold Out | 17.6K | 0 | -17.6K |
| MORGAN STANLEY | Reduced | 1.4M | 1.4M | -16.6K |
| Closed-End Fund Advisors, Inc. | New | 0 | 14.1K | +14.1K |
| BANK OF AMERICA CORP /DE/ | Increased | 216.4K | 229.3K | +12.9K |
| Colorado Capital Management, Inc. | Sold Out | 11.3K | 0 | -11.3K |
| NewEdge Advisors, LLC | Reduced | 36.5K | 25.3K | -11.2K |
| Summit Financial, LLC | New | 0 | 10.1K | +10.1K |
| Creative Planning | Sold Out | 10.1K | 0 | -10.1K |
| XTX Topco Ltd | Increased | 16.1K | 25.9K | +9.8K |
| NWF Advisory Services Inc. | Reduced | 239.3K | 230.3K | -9.0K |
| Virtu Financial LLC | Increased | 11.5K | 20.0K | +8.4K |
| Steward Partners Investment Advisory, LLC | Increased | 12.1K | 20.1K | +8.0K |
| BESSEMER GROUP INC | Sold Out | 8.0K | 0 | -8.0K |
| Shaker Financial Services, LLC | Reduced | 389.6K | 381.9K | -7.7K |
| UBS Group AG | Increased | 14.2K | 20.7K | +6.4K |
| ROYAL BANK OF CANADA | Increased | 77.5K | 81.0K | +3.4K |
| Ameritas Advisory Services, LLC | New | 0 | 2.6K | +2.6K |
| Arax Advisory Partners | Increased | 2.5K | 5.0K | +2.5K |
| Larson Financial Group LLC | Reduced | 12.1K | 9.8K | -2.3K |
| RAYMOND JAMES FINANCIAL INC | Reduced | 76.7K | 74.7K | -2.0K |
| Fingerlakes Wealth Management, Inc. | Increased | 14.4K | 16.1K | +1.7K |
| WELLS FARGO & COMPANY/MN | Increased | 58.5K | 60.0K | +1.5K |
| BENJAMIN EDWARDS INC | Increased | 60.0K | 61.2K | +1.2K |
| OPPENHEIMER & CO INC | Increased | 19.9K | 20.5K | +630 |
| E&G Advisors, LP | Reduced | 10.7K | 10.2K | -500 |
| Cetera Investment Advisers | Increased | 113.2K | 113.7K | +494 |
| Waverly Advisors, LLC | Increased | 19.1K | 19.6K | +448 |
| ENVESTNET ASSET MANAGEMENT INC | Increased | 35.8K | 36.2K | +375 |
| Kestra Advisory Services, LLC | Increased | 48.3K | 48.6K | +362 |
| Cape Investment Advisory, Inc. | New | 0 | 200 | +200 |
| West Wealth Group, LLC | Increased | 20.9K | 21.0K | +122 |
| DECISION INVESTMENTS, INC | Reduced | 26.5K | 26.4K | -100 |
| PNC FINANCIAL SERVICES GROUP, INC. | Increased | 17.6K | 17.7K | +88 |
| Perigon Wealth Management, LLC | Reduced | 18.0K | 18.0K | -1 |
13F filings are due 45 days after quarter end and cover long positions in U.S.-listed equities only, so this is a lagged and partial picture: shorts, bonds and foreign listings never appear. Options positions are excluded here rather than folded into the share counts. Political ownership is coming.