Institutional Manager · CIK 0001465109

NEUBERGER BERMAN GROUP LLC

NEW YORK, NY · File #028-13573

Latest AUM

$134.34B

Positions

3,617

Top-10 Concentration

53.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	WASTE CONNECTIONS INC	WCN	-1,180,286	-$207.0M	-$530,548
REDUCE	ASBURY AUTOMOTIVE GROUP INC	ABG	-664,770	-$154.6M	-$7.9M
REDUCE	NORFOLK SOUTHERN CORP	655844108	-520,561	-$150.3M	-$6.4M
REDUCE	ALPHABET INC-CL C	GOOG	-458,008	-$143.7M	+$57.0M
REDUCE	CSW INDUSTRIALS INC	CSW	-413,227	-$121.5M	+$21.2M
ADD	QUALCOMM INC	QCOM	+675,657	+$115.6M	+$150,523
ADD	KADANT INC	KAI	+401,820	+$114.5M	-$2,411
REDUCE	AMAZON COM INC	AMZN	-469,858	-$108.5M	+$10.9M
ADD	CCC INTELLIGENT SOLUTIONS HOLDINGS	CCC	+12,232,798	+$97.3M	-$29,566
REDUCE	APPLE INC	AAPL	-326,664	-$88.8M	+$15.3M

Sector Allocation

Technology

22.1%$29.77B

Industrials

8.1%$10.95B

Healthcare

7.5%$10.11B

Consumer Discretionary

7.4%$9.98B

Financials

6.2%$8.32B

Energy

4.3%$5.72B

Communication Services

3.2%$4.32B

2.2%$2.95B

1.9%$2.61B

1.2%$1.64B

0.7%$936.6M

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 20253,617 pos · $134.34B
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 20253,470 pos · $136.84B
Aug 25, 202513F HOLDINGS REPORT (Amended)Q/E Jun 20253,455 pos · $129.95B
Aug 13, 202513F HOLDINGS REPORTQ/E Jun 20253,455 pos · $129.87B
May 13, 202513F HOLDINGS REPORTQ/E Mar 20253,358 pos · $119.40B
Feb 13, 202513F HOLDINGS REPORTQ/E Dec 20243,306 pos · $125.97B
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 20243,311 pos · $128.16B
Nov 14, 202413F HOLDINGS REPORT (Amended)Q/E Sep 20243,281 pos · $121.83B
Nov 14, 202413F HOLDINGS REPORT (Amended)Q/E Sep 20243,343 pos · $114.68B
Nov 14, 202413F HOLDINGS REPORT (Amended)Q/E Sep 20243,311 pos · $120.98B
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 20243,283 pos · $121.84B
May 13, 202413F HOLDINGS REPORTQ/E Mar 20243,313 pos · $121.00B
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 20233,286 pos · $109.75B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	MICROSOFT CORP	MSFT	11,382,374	$5.51B	9.44%
2	NVIDIA CORP	NVDA	26,192,626	$4.88B	8.38%
3	APPLE INC	AAPL	15,654,490	$4.26B	7.30%
4	AMAZON COM INC	AMZN	15,944,991	$3.68B	6.31%
5	ALPHABET INC CLASS A A	GOOG	9,158,970	$2.87B	4.92%
6	ALPHABET INC-CL C	GOOG	8,407,147	$2.64B	4.53%
7	JPMORGAN CHASE & CO	VYLD	7,938,239	$2.56B	4.39%
8	ELI LILLY & CO	LLY	1,719,062	$1.85B	3.17%
9	META PLATFORMS INC CLASS A A	META	2,378,221	$1.57B	2.69%
10	BROADCOM INC	AVGO	4,143,640	$1.43B	2.46%
11	HOME DEPOT INC	HD	3,789,903	$1.30B	2.24%
12	ISHARES CORE S&P 500 ETF	464287200	1,778,501	$1.22B	2.09%
13	NEXTERA ENERGY INC	NEE-PW	13,454,841	$1.08B	1.85%
14	VISA INC-CLASS A SHARES	V	2,965,874	$1.04B	1.78%
15	ORACLE CORP	ORCL-PD	4,683,115	$912.8M	1.57%
16	AMPHENOL CORP-CL A	032095101	6,617,186	$894.2M	1.53%
17	T MOBILE US INC	TMUSZ	4,357,968	$884.8M	1.52%
18	BERKSHIRE HATHAWAY INC CLASS B B	BRK-A	1,751,449	$880.4M	1.51%
19	MASTERCARD INC CLASS A A	MA	1,501,287	$857.3M	1.47%
20	EXXON MOBIL CORP	XOM	6,703,552	$806.8M	1.38%