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← AQR Capital Management LLC, its record

AQR Capital Management LLC and Neuberger Berman Group LLC: where the books meet

At Q2 2026, at least 34% of the two 13F books was the same, across 205 stocks both listed, against 22% at Q2 2013. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%18%37%Q2 2013: 22%, 151 in bothQ3 2013: 22%, 158 in bothQ4 2013: 22%, 162 in bothQ1 2014: 23%, 166 in both14Q2 2014: 21%, 163 in bothQ3 2014: 21%, 161 in bothQ4 2014: 22%, 172 in bothQ1 2015: 24%, 188 in both15Q2 2015: 25%, 189 in bothQ3 2015: 27%, 189 in bothQ4 2015: 29%, 194 in bothQ1 2016: 29%, 199 in both16Q2 2016: 28%, 190 in bothQ3 2016: 28%, 194 in bothQ4 2016: 28%, 197 in bothQ1 2017: 28%, 189 in both17Q2 2017: 28%, 187 in bothQ3 2017: 27%, 180 in bothQ4 2017: 28%, 194 in bothQ1 2018: 27%, 184 in both18Q2 2018: 28%, 185 in bothQ3 2018: 29%, 201 in bothQ4 2018: 31%, 202 in bothQ1 2019: 30%, 195 in both19Q2 2019: 30%, 202 in bothQ3 2019: 30%, 191 in bothQ4 2019: 31%, 200 in bothQ1 2020: 34%, 197 in both20Q2 2020: 35%, 204 in bothQ3 2020: 35%, 203 in bothQ4 2020: 34%, 207 in bothQ1 2021: 33%, 203 in both21Q2 2021: 35%, 210 in bothQ3 2021: 35%, 204 in bothQ4 2021: 37%, 206 in bothQ1 2022: 36%, 202 in both22Q2 2022: 35%, 199 in bothQ3 2022: 34%, 196 in bothQ4 2022: 33%, 198 in bothQ1 2023: 34%, 202 in both23Q2 2023: 35%, 196 in bothQ3 2023: 34%, 197 in bothQ4 2023: 34%, 192 in bothQ1 2024: 35%, 199 in both24Q2 2024: 34%, 183 in bothQ3 2024: 35%, 202 in bothQ4 2024: 36%, 209 in bothQ1 2025: 34%, 208 in both25Q2 2025: 33%, 212 in bothQ3 2025: 34%, 216 in bothQ4 2025: 32%, 216 in bothQ1 2026: 34%, 223 in both26Q2 2026: 34%, 205 in both
  • Q2 2013: 22%, 151 in both
  • Q3 2013: 22%, 158 in both
  • Q4 2013: 22%, 162 in both
  • Q1 2014: 23%, 166 in both
  • Q2 2014: 21%, 163 in both
  • Q3 2014: 21%, 161 in both
  • Q4 2014: 22%, 172 in both
  • Q1 2015: 24%, 188 in both
  • Q2 2015: 25%, 189 in both
  • Q3 2015: 27%, 189 in both
  • Q4 2015: 29%, 194 in both
  • Q1 2016: 29%, 199 in both
  • Q2 2016: 28%, 190 in both
  • Q3 2016: 28%, 194 in both
  • Q4 2016: 28%, 197 in both
  • Q1 2017: 28%, 189 in both
  • Q2 2017: 28%, 187 in both
  • Q3 2017: 27%, 180 in both
  • Q4 2017: 28%, 194 in both
  • Q1 2018: 27%, 184 in both
  • Q2 2018: 28%, 185 in both
  • Q3 2018: 29%, 201 in both
  • Q4 2018: 31%, 202 in both
  • Q1 2019: 30%, 195 in both
  • Q2 2019: 30%, 202 in both
  • Q3 2019: 30%, 191 in both
  • Q4 2019: 31%, 200 in both
  • Q1 2020: 34%, 197 in both
  • Q2 2020: 35%, 204 in both
  • Q3 2020: 35%, 203 in both
  • Q4 2020: 34%, 207 in both
  • Q1 2021: 33%, 203 in both
  • Q2 2021: 35%, 210 in both
  • Q3 2021: 35%, 204 in both
  • Q4 2021: 37%, 206 in both
  • Q1 2022: 36%, 202 in both
  • Q2 2022: 35%, 199 in both
  • Q3 2022: 34%, 196 in both
  • Q4 2022: 33%, 198 in both
  • Q1 2023: 34%, 202 in both
  • Q2 2023: 35%, 196 in both
  • Q3 2023: 34%, 197 in both
  • Q4 2023: 34%, 192 in both
  • Q1 2024: 35%, 199 in both
  • Q2 2024: 34%, 183 in both
  • Q3 2024: 35%, 202 in both
  • Q4 2024: 36%, 209 in both
  • Q1 2025: 34%, 208 in both
  • Q2 2025: 33%, 212 in both
  • Q3 2025: 34%, 216 in both
  • Q4 2025: 32%, 216 in both
  • Q1 2026: 34%, 223 in both
  • Q2 2026: 34%, 205 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockAQR Capital Management LLCNeuberger Berman Group LLC
Nvidia Corp(NVDA)2.6%Added4.1%Added
Apple Inc(AAPL)1.7%Added3.3%Added
Microsoft Corp(MSFT)1.5%Added2.6%Trimmed
Amazon Com Inc(AMZN)1.0%Added3.1%Added
Broadcom Inc(AVGO)0.9%Added1.0%Trimmed
Alphabet Inc(GOOG)0.8%Added2.1%Added
Alphabet Inc(GOOGL)0.7%Added2.4%Added
Micron Technology Inc(MU)1.5%Trimmed0.7%Trimmed
Intel Corp(INTC)0.5%Trimmed0.6%Trimmed
General Electric Co(GE)0.5%Trimmed0.7%Trimmed
Lam Research Corp(LRCX)0.5%Added0.5%Added
Lilly Eli & Co(LLY)0.4%Added1.4%Trimmed
Facebook Inc(META)0.4%Added0.9%Added
Berkshire Hathaway Inc Del(BRK-B)0.4%Added0.6%Added
Costco WHSL Corp New(COST)0.4%Added0.5%Trimmed
Ge Vernova Inc(GEV)0.6%Added0.4%Added
TJX Cos Inc New(TJX)0.3%Added0.4%Trimmed
Advanced Micro Devices Inc(AMD)0.3%Added0.6%Trimmed
Jpmorgan Chase & Co(JPM)0.3%Added1.7%Added
Chevron Corp New(CVX)0.3%Added0.3%Trimmed

and 185 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Microsoft Corp(MSFT)AQR Capital Management LLC added; Neuberger Berman Group LLC trimmed
  • Broadcom Inc(AVGO)AQR Capital Management LLC added; Neuberger Berman Group LLC trimmed
  • Comfort Sys USA Inc(FIX)AQR Capital Management LLC trimmed; Neuberger Berman Group LLC added
  • Lilly Eli & Co(LLY)AQR Capital Management LLC added; Neuberger Berman Group LLC trimmed
  • Western Digital Corp(WDC)AQR Capital Management LLC trimmed; Neuberger Berman Group LLC added
  • Bristol Myers Squibb Co(BMY)AQR Capital Management LLC trimmed; Neuberger Berman Group LLC added
  • Home Depot Inc(HD)AQR Capital Management LLC added; Neuberger Berman Group LLC trimmed
  • Costco WHSL Corp New(COST)AQR Capital Management LLC added; Neuberger Berman Group LLC trimmed
  • Teradyne Inc(TER)AQR Capital Management LLC added; Neuberger Berman Group LLC trimmed
  • Snowflake Inc(SNOW)AQR Capital Management LLC trimmed; Neuberger Berman Group LLC added
  • General MTRS Co(GM)AQR Capital Management LLC added; Neuberger Berman Group LLC trimmed
  • Amphenol Corp New-cl A(APH)AQR Capital Management LLC trimmed; Neuberger Berman Group LLC added
AQR Capital Management LLC: the recordNeuberger Berman Group LLC: the record

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