Who owns NBB
Which tracked institutional funds hold NBB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NBB company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-20). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
8 tracked funds added or opened NBB while 3 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NBB’s largest tracked holder by dollar value, SIT INVESTMENT ASSOCIATES INC, sizes it at 1.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NBB divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 72 tracked filers holding NBB, 32 increased or opened the position and 31 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NBB between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
Full exits 2
- SIT INVESTMENT ASSOCIATES INC$59M
- WEDBUSH SECURITIES INC$865K
Largest adds
- M&T Bank Corp$3M
- MORGAN STANLEY$2M
- UBS Group AG$1M
- Eagle Bluffs Wealth Management LLC$942K
- LaSalle St. Investment Advisors, LLC$387K
- NewEdge Advisors, LLC$334K
Largest trims
- Invesco Ltd.$395K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| MORGAN STANLEY added | 2,342,990 | $37M | 16.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 1,297,230 | $20M | 9.1% | 2026-Q2 |
| Eagle Bluffs Wealth Management LLC added | 944,136 | $15M | 6.7% | 2026-Q2 |
| UBS Group AG added | 760,233 | $12M | 5.3% | 2026-Q2 |
| LaSalle St. Investment Advisors, LLC added | 624,081 | $10M | 4.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 555,537 | $9M | 3.9% | 2026-Q2 |
| M&T Bank Corp added | 418,814 | $7M | 2.9% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 356,690 | $6M | 2.5% | 2026-Q2 |
| Invesco Ltd. trimmed | 255,234 | $4M | 1.8% | 2026-Q2 |
| LPL Financial LLC added | 239,185 | $4M | 1.7% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 155,134 | $2M | 1.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 145,717 | $2M | 1.0% | 2026-Q2 |
| RIVERBRIDGE PARTNERS LLC added | 145,001 | $2M | 1.0% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 77,164 | $1M | 0.5% | 2026-Q2 |
| GILL CAPITAL PARTNERS, LLC trimmed | 71,896 | $1M | 0.5% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 67,515 | $1M | 0.5% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 64,999 | $1M | 0.5% | 2026-Q2 |
| Bruce G. Allen Investments, LLC trimmed | 58,372 | $921K | 0.4% | 2026-Q2 |
| Cetera Investment Advisers added | 55,124 | $870K | 0.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 48,678 | $768K | 0.3% | 2026-Q2 |
| Noble Wealth Management PBC trimmed | 47,750 | $753K | 0.3% | 2026-Q2 |
| Intellus Advisors LLC added | 46,423 | $733K | 0.3% | 2026-Q2 |
| Stratos Wealth Partners, LTD. trimmed | 45,607 | $720K | 0.3% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 41,536 | $655K | 0.3% | 2026-Q2 |
| Advisory Services Network, LLC added | 41,250 | $651K | 0.3% | 2026-Q2 |
| SAGESPRING WEALTH PARTNERS, LLC added | 38,846 | $613K | 0.3% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 38,499 | $608K | 0.3% | 2026-Q2 |
| Focus Partners Wealth | 33,690 | $535K | 0.2% | 2026-Q2 |
| Fortitude Advisory Group L.L.C. added | 30,274 | $478K | 0.2% | 2026-Q2 |
| Cresta Advisors, Ltd. | 28,463 | $449K | 0.2% | 2026-Q2 |
| Gerber Kawasaki Wealth & Investment Management trimmed | 27,357 | $432K | 0.2% | 2026-Q2 |
| BCS Private Wealth Management, Inc. | 26,625 | $423K | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 26,227 | $414K | 0.2% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 24,919 | $393K | 0.2% | 2026-Q2 |
| HORIZON KINETICS ASSET MANAGEMENT LLC trimmed | 23,977 | $378K | 0.2% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 23,650 | $373K | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 22,852 | $361K | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC added | 22,456 | $354K | 0.2% | 2026-Q2 |
| MGO ONE SEVEN LLC added | 22,010 | $347K | 0.2% | 2026-Q2 |
| ORLEANS CAPITAL MANAGEMENT CORP/LA | 20,300 | $320K | 0.1% | 2026-Q2 |
| Calamos Advisors LLC added | 20,226 | $319K | 0.1% | 2026-Q2 |
| Palogic Value Management, L.P. | 20,000 | $316K | 0.1% | 2026-Q2 |
| Focused Wealth Management, Inc trimmed | 17,905 | $283K | 0.1% | 2026-Q2 |
| Mayflower Financial Advisors, LLC | 16,594 | $262K | 0.1% | 2026-Q2 |
| Comprehensive Money Management Services LLC trimmed | 16,465 | $260K | 0.1% | 2026-Q2 |
| Arax Advisory Partners new | 15,594 | $246K | 0.1% | 2026-Q2 |
| Kuhn & Co Investment Counsel | 14,512 | $229K | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 13,930 | $220K | 0.1% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 13,841 | $218K | 0.1% | 2026-Q2 |
| SIMON QUICK ADVISORS, LLC new | 12,592 | $199K | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS | 11,700 | $185K | 0.1% | 2026-Q2 |
| Van Hulzen Asset Management, LLC | 11,605 | $183K | 0.1% | 2026-Q2 |
| DELTA FINANCIAL ADVISORS LLC | 11,600 | $183K | 0.1% | 2026-Q2 |
| Taylor Hoffman Capital Management LLC | 11,284 | $178K | 0.1% | 2026-Q2 |
| Gridiron Partners, LLC trimmed | 11,055 | $174K | 0.1% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. | 11,050 | $174K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 10,152 | $160K | 0.1% | 2026-Q2 |
| Mystic Asset Management, Inc. trimmed | 10,000 | $158K | 0.1% | 2026-Q2 |
| MAIMON WEALTH MANAGEMENT LTD. | 10,000 | $158K | 0.1% | 2026-Q2 |
| Caitlin John, LLC trimmed | 7,485 | $118K | 0.1% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 5,150 | $81K | 0.0% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 4,718 | $74K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 3,573 | $56K | 0.0% | 2026-Q2 |
| PRIVATE TRUST CO NA | 2,800 | $44K | 0.0% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 2,000 | $32K | 0.0% | 2026-Q2 |
| LANARK FINANCIAL, INC. | 1,551 | $24K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 500 | $8K | 0.0% | 2026-Q2 |
| Caldwell Trust Co | 292 | $5K | 0.0% | 2026-Q2 |
| Concord Wealth Partners new | 264 | $4K | 0.0% | 2026-Q2 |
| Kentucky Trust Co | 198 | $3K | 0.0% | 2026-Q2 |
| Beaird Harris Wealth Management, LLC | 3 | $48 | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO new | 0 | $12 | 0.0% | 2026-Q2 |
| SIT INVESTMENT ASSOCIATES INC trimmed | 3,793,715 | $59M | 26.5% | 2026-Q1 stale (1 quarter behind) |
| WEDBUSH SECURITIES INC added | 55,217 | $865K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| Integrity Wealth Partners, LLC new | 20,124 | $315K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| HighTower Advisors, LLC trimmed | 19,244 | $301K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Concurrent Investment Advisors, LLC added | 18,296 | $287K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| U.S. Capital Wealth Advisors, LLC | 15,594 | $244K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Opal Wealth Advisors, LLC | 7,429 | $116K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Western Wealth Management, LLC new | 1,400 | $22K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| FNY Investment Advisers, LLC | 1,000 | $15K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| WOLVERINE ASSET MANAGEMENT LLC new | 653 | $10K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| JONES FINANCIAL COMPANIES LLLP trimmed | 633 | $10K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Global Wealth Strategies & Associates | 5 | $80 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| StoneX Group Inc. trimmed | 64,014 | $1M | 0.5% | 2025-Q4 stale (2 quarters behind) |
| COMERICA BANK added | 5,235 | $83K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Broyhill Asset Management, LLC trimmed | 98,937 | $2M | 0.7% | 2025-Q3 stale (3 quarters behind) |
| Kovitz Investment Group Partners, LLC | 33,690 | $550K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| Amitell Capital Pte Ltd | 31,270 | $507K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| PRINCIPAL SECURITIES, INC. | 1,120 | $18K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| CoreCap Advisors, LLC | 600 | $10K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| MeadowBrook Investment Advisors LLC added | 26,605 | $4M | 1.9% | 2025-Q2 stale (4 quarters behind) |
| MACKAY SHIELDS LLC | 156,775 | $2M | 1.1% | 2025-Q2 stale (4 quarters behind) |
| Cambridge Investment Research Advisors, Inc. new | 12,022 | $190K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Sanctuary Advisors, LLC new | 10,943 | $173K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Janney Montgomery Scott LLC | 10,106 | $160K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Elequin Capital, LP trimmed | 2,050 | $32K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| EVOLUTION WEALTH MANAGEMENT INC. new | 1,332 | $21K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Parallel Advisors, LLC new | 73 | $1K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.