New Positions
17 managers initiated
Top five by reported value
- WOLVERINE ASSET MANAGEMENT LLC$1.5M
- Closed-End Fund Advisors, Inc.$138.4K
- Quarry LP$137.9K
- ABSOLUTE INVESTMENT ADVISERS LLC$107.9K
- DECISION INVESTMENTS, INC$80.2K
Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc. ASE:NRO
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
17 new16 added32 reduced9 exited
Total Institutional Holders
65
as of 2025-12-31
Top Holder
MORGAN STANLEY
$5.5M
Largest QoQ Increase
WOLVERINE ASSET MANAGEMENT LLC
+480,600 sh
Largest QoQ Decrease
SIT INVESTMENT ASSOCIATES INC
-1,039,135 sh
New Positions(17)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| WOLVERINE ASSET MANAGEMENT LLC | 480,600 | +480,600 | $1.5M | +$1.5M | — |
| Closed-End Fund Advisors, Inc. | 45,529 | +45,529 | $138.4K | +$138.4K | — |
| Quarry LP | 45,346 | +45,346 | $137.9K | +$137.9K | — |
| ABSOLUTE INVESTMENT ADVISERS LLC | 35,715 | +35,715 | $107.9K | +$107.9K | — |
| DECISION INVESTMENTS, INC | 26,379 | +26,379 | $80.2K | +$80.2K | — |
| FLAGSHIP HARBOR ADVISORS, LLC | 26,000 | +26,000 | $79.0K | +$79.0K | — |
| TWO SIGMA SECURITIES, LLC | 15,277 | +15,277 | $46.4K | +$46.4K | — |
| Logan Stone Capital, LLC | 11,581 | +11,581 | $35.2K | +$35.2K | — |
| Creative Planning | 10,717 | +10,717 | $32.6K | +$32.6K | — |
| Global Retirement Partners, LLC | 2,739 | +2,739 | $8.3K | +$8.3K | — |
| Pinnacle Wealth Planning Services, Inc. | 1,036 | +1,036 | $3.1K | +$3.1K | — |
| Glen Eagle Advisors, LLC | 1,000 | +1,000 | $3.0K | +$3.0K | — |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 870 | +870 | $2.6K | +$2.6K | — |
| Noble Wealth Management PBC | 400 | +400 | $1.3K | +$1.3K | — |
| Kanen Wealth Management LLC | 192,000 | +192,000 | $584 | +$584 | — |
| Private Wealth Management Group, LLC | 150 | +150 | $456 | +$456 | — |
| Virtu Financial LLC | 10,670 | +10,670 | $32 | +$32 | — |
Added To(16)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| NWF Advisory Services Inc. | 595,658 | +317,452 | $1.8M | +$900.0K | 114.1% |
| Calamos Advisors LLC | 217,718 | +52,956 | $661.9K | +$129.7K | 32.1% |
| Shaker Financial Services, LLC | 119,089 | +39,409 | $362.0K | +$104.7K | 49.5% |
| ENVESTNET ASSET MANAGEMENT INC | 32,080 | +21,937 | $97.5K | +$64.8K | 216.3% |
| LPL Financial LLC | 336,179 | +4,144 | $1.0M | -$50.5K | 1.2% |
| Cetera Investment Advisers | 121,607 | +19,871 | $369.7K | +$41.1K | 19.5% |
| Private Advisor Group, LLC | 64,771 | +14,540 | $196.9K | +$34.7K | 28.9% |
| PNC Financial Services Group, Inc. | 7,539 | +4,017 | $22.9K | +$11.5K | 114.0% |
| RAYMOND JAMES FINANCIAL INC | 73,580 | +1,060 | $223.7K | -$10.6K | 1.5% |
| Integrity Advisory Solutions, LLC | 19,427 | +2,946 | $59.1K | +$5.8K | 17.9% |
| Kestra Advisory Services, LLC | 59,314 | +4,784 | $180.3K | +$4.2K | 8.8% |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | 29,911 | +2,771 | $90.9K | +$3.3K | 10.2% |
| Evolution Wealth Advisors, LLC | 12,238 | +119 | $37.2K | -$1.9K | 1.0% |
| OPPENHEIMER & CO INC | 19,308 | +555 | $58.7K | -$1.9K | 3.0% |
| Fingerlakes Wealth Management, Inc. | 14,404 | +1,260 | $43.8K | +$1.3K | 9.6% |
| Cambridge Investment Research Advisors, Inc. | 18,129 | +1,109 | $55 | $0 | 6.5% |
Reduced(32)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| MORGAN STANLEY | 1,808,734 | -54,093 | $5.5M | -$518.4K | -2.9% |
| Cornerstone Advisors, LLC | 382,583 | -83,693 | $1.2M | -$343.0K | -17.9% |
| Royal Bank of Canada | 68,627 | -43,062 | $208.0K | -$156.0K | -38.5% |
| ADVISOR GROUP HOLDINGS, INC. | 317,662 | -15,618 | $965.7K | -$122.5K | -4.7% |
| UBS Group AG | 12,404 | -35,373 | $37.7K | -$116.6K | -74.0% |
| Advisors Asset Management, Inc. | 490,162 | -348 | $1.5M | -$94.3K | -0.1% |
| Concorde Asset Management, LLC | 164,900 | -13,600 | $501.3K | -$76.2K | -7.6% |
| Modern Wealth Management, LLC | 22,228 | -22,228 | $67.6K | -$75.8K | -50.0% |
| COMMONWEALTH EQUITY SERVICES, LLC | 20,037 | -2,119 | $60.9K | +$60.8K | -9.6% |
| BANK OF AMERICA CORP /DE/ | 213,419 | -5,940 | $648.8K | -$59.7K | -2.7% |
| WELLS FARGO & COMPANY/MN | 60,510 | -11,920 | $183.9K | -$50.0K | -16.4% |
| Neuberger Berman Group LLC | 17,606 | -3,700 | $53.5K | -$15.3K | -17.4% |
| Larson Financial Group LLC | 13,205 | -3,695 | $40.1K | -$14.4K | -21.9% |
| BENJAMIN EDWARDS INC | 58,682 | -80 | $178.4K | -$11.4K | -0.1% |
| Live Oak Private Wealth LLC | 56,138 | 0 | $170.7K | -$10.7K | 0.0% |
| NewEdge Advisors, LLC | 38,652 | -157 | $117.5K | -$7.8K | -0.4% |
| Parcion Private Wealth LLC | 33,333 | 0 | $101.3K | -$6.3K | 0.0% |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC | 32,700 | 0 | $99.4K | -$6.2K | 0.0% |
| PIN OAK INVESTMENT ADVISORS INC | 1,700 | 0 | $5 | -$5.5K | 0.0% |
| SIT INVESTMENT ASSOCIATES INC | 7,962,316 | -1,039,135 | $24.2K | -$4.9K | -11.5% |
| MERCER GLOBAL ADVISORS INC /ADV | 14,892 | 0 | $45.3K | -$2.8K | 0.0% |
| Steward Partners Investment Advisory, LLC | 12,056 | 0 | $36.6K | -$2.3K | 0.0% |
| K2 PRINCIPAL FUND, L.P. | 10,400 | 0 | $31.6K | -$2.0K | 0.0% |
| HIGHLINE WEALTH PARTNERS LLC | 3,000 | 0 | $9.1K | -$570 | 0.0% |
| SRS Capital Advisors, Inc. | 2,500 | 0 | $7.6K | -$475 | 0.0% |
| CoreCap Advisors, LLC | 2,500 | 0 | $7.6K | -$475 | 0.0% |
| WPG Advisers, LLC | 433 | -47 | $1.3K | -$234 | -9.8% |
| Fortis Group Advisors, LLC | 666 | 0 | $2.0K | -$126 | 0.0% |
| COMERICA BANK | 260 | -19 | $791 | -$111 | -6.8% |
| Sunbelt Securities, Inc. | 16 | 0 | $49 | -$3 | 0.0% |
| Arete Wealth Advisors, LLC | 15,045 | -13 | $46 | -$3 | -0.1% |
| BESSEMER GROUP INC | 7,958 | 0 | $24 | -$2 | 0.0% |
Sold Out(9)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Trust Investment Advisors | 0 | -35,009 | $0 | -$113.1K | — |
| Atomi Financial Group, Inc. | 0 | -20,200 | $0 | -$65.2K | — |
| Perigon Wealth Management, LLC | 0 | -18,264 | $0 | -$59.0K | — |
| Mach-1 Financial Group, LLC | 0 | -16,481 | $0 | -$53.2K | — |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors | 0 | -14,018 | $0 | -$45.3K | — |
| KPP Advisory Services LLC | 0 | -12,760 | $0 | -$41.2K | — |
| E&G Advisors, LP | 0 | -10,800 | $0 | -$34.9K | — |
| 1620 INVESTMENT ADVISORS, INC. | 0 | -3,145 | $0 | -$10.2K | — |
| Rockefeller Capital Management L.P. | 0 | -810 | $0 | -$2.6K | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| MORGAN STANLEY | 1,808,734 | $5.5M | -54,093 | -2.9% |
| NWF Advisory Services Inc. | 595,658 | $1.8M | +317,452 | 114.1% |
| Advisors Asset Management, Inc. | 490,162 | $1.5M | -348 | -0.1% |
| WOLVERINE ASSET MANAGEMENT LLC | 480,600 | $1.5M | +480,600 | — |
| Cornerstone Advisors, LLC | 382,583 | $1.2M | -83,693 | -17.9% |
| LPL Financial LLC | 336,179 | $1.0M | +4,144 | 1.2% |
| ADVISOR GROUP HOLDINGS, INC. | 317,662 | $965.7K | -15,618 | -4.7% |
| Calamos Advisors LLC | 217,718 | $661.9K | +52,956 | 32.1% |
| BANK OF AMERICA CORP /DE/ | 213,419 | $648.8K | -5,940 | -2.7% |
| Concorde Asset Management, LLC | 164,900 | $501.3K | -13,600 | -7.6% |
| Cetera Investment Advisers | 121,607 | $369.7K | +19,871 | 19.5% |
| Shaker Financial Services, LLC | 119,089 | $362.0K | +39,409 | 49.5% |
| RAYMOND JAMES FINANCIAL INC | 73,580 | $223.7K | +1,060 | 1.5% |
| Royal Bank of Canada | 68,627 | $208.0K | -43,062 | -38.5% |
| Private Advisor Group, LLC | 64,771 | $196.9K | +14,540 | 28.9% |
| WELLS FARGO & COMPANY/MN | 60,510 | $183.9K | -11,920 | -16.4% |
| Kestra Advisory Services, LLC | 59,314 | $180.3K | +4,784 | 8.8% |
| BENJAMIN EDWARDS INC | 58,682 | $178.4K | -80 | -0.1% |
| Live Oak Private Wealth LLC | 56,138 | $170.7K | 0 | 0.0% |
| Closed-End Fund Advisors, Inc. | 45,529 | $138.4K | +45,529 | — |
New & Closed Positions this quarter
Closed Positions
9 managers exited
Top five by prior-quarter value
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for NRO against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.