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← Caxton Associates LLP, its record

Caxton Associates LLP and Neuberger Berman Group LLC: where the books meet

At Q2 2026, at least 24% of the two 13F books was the same, across 139 stocks both listed, against 5.3% 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%13%25%Q2 2013: 5.3%, 35 in bothQ3 2013: 4.2%, 29 in bothQ4 2013: 3.6%, 42 in bothQ1 2014: 6.1%, 40 in both14Q2 2014: 4.2%, 32 in bothQ3 2014: 4.1%, 35 in bothQ4 2014: 3.9%, 25 in bothQ1 2015: 6.4%, 43 in both15Q2 2015: 4.9%, 39 in bothQ3 2015: 4.1%, 25 in bothQ4 2015: 4.7%, 17 in bothQ1 2016: 6.4%, 36 in both16Q2 2016: 5.2%, 38 in bothQ3 2016: 6.9%, 48 in bothQ4 2016: 8.0%, 52 in bothQ1 2017: 1.8%, 99 in both17Q2 2017: 3.1%, 132 in bothQ3 2017: 14%, 147 in bothQ4 2017: 8.9%, 94 in bothQ1 2018: 12%, 100 in both18Q2 2018: 11%, 111 in bothQ3 2018: 13%, 112 in bothQ4 2018: 8.2%, 79 in bothQ1 2019: 10%, 90 in both19Q2 2019: 7.9%, 92 in bothQ3 2019: 9.2%, 79 in bothQ4 2019: 9.7%, 82 in bothQ1 2020: 16%, 104 in both20Q2 2020: 9.9%, 86 in bothQ3 2020: 10%, 92 in bothQ4 2020: 8.2%, 43 in bothQ1 2021: 12%, 86 in both21Q2 2021: 14%, 97 in bothQ3 2021: 13%, 101 in bothQ4 2021: 14%, 126 in bothQ1 2022: 9.5%, 89 in both22Q2 2022: 9.8%, 118 in bothQ3 2022: 15%, 103 in bothQ4 2022: 7.3%, 76 in bothQ1 2023: 15%, 103 in both23Q2 2023: 23%, 131 in bothQ3 2023: 18%, 107 in bothQ4 2023: 18%, 109 in bothQ1 2024: 20%, 104 in both24Q2 2024: 20%, 111 in bothQ3 2024: 13%, 120 in bothQ4 2024: 13%, 110 in bothQ1 2025: 20%, 152 in both25Q2 2025: 25%, 155 in bothQ3 2025: 19%, 119 in bothQ4 2025: 21%, 130 in bothQ1 2026: 22%, 150 in both26Q2 2026: 24%, 139 in both
  • Q2 2013: 5.3%, 35 in both
  • Q3 2013: 4.2%, 29 in both
  • Q4 2013: 3.6%, 42 in both
  • Q1 2014: 6.1%, 40 in both
  • Q2 2014: 4.2%, 32 in both
  • Q3 2014: 4.1%, 35 in both
  • Q4 2014: 3.9%, 25 in both
  • Q1 2015: 6.4%, 43 in both
  • Q2 2015: 4.9%, 39 in both
  • Q3 2015: 4.1%, 25 in both
  • Q4 2015: 4.7%, 17 in both
  • Q1 2016: 6.4%, 36 in both
  • Q2 2016: 5.2%, 38 in both
  • Q3 2016: 6.9%, 48 in both
  • Q4 2016: 8.0%, 52 in both
  • Q1 2017: 1.8%, 99 in both
  • Q2 2017: 3.1%, 132 in both
  • Q3 2017: 14%, 147 in both
  • Q4 2017: 8.9%, 94 in both
  • Q1 2018: 12%, 100 in both
  • Q2 2018: 11%, 111 in both
  • Q3 2018: 13%, 112 in both
  • Q4 2018: 8.2%, 79 in both
  • Q1 2019: 10%, 90 in both
  • Q2 2019: 7.9%, 92 in both
  • Q3 2019: 9.2%, 79 in both
  • Q4 2019: 9.7%, 82 in both
  • Q1 2020: 16%, 104 in both
  • Q2 2020: 9.9%, 86 in both
  • Q3 2020: 10%, 92 in both
  • Q4 2020: 8.2%, 43 in both
  • Q1 2021: 12%, 86 in both
  • Q2 2021: 14%, 97 in both
  • Q3 2021: 13%, 101 in both
  • Q4 2021: 14%, 126 in both
  • Q1 2022: 9.5%, 89 in both
  • Q2 2022: 9.8%, 118 in both
  • Q3 2022: 15%, 103 in both
  • Q4 2022: 7.3%, 76 in both
  • Q1 2023: 15%, 103 in both
  • Q2 2023: 23%, 131 in both
  • Q3 2023: 18%, 107 in both
  • Q4 2023: 18%, 109 in both
  • Q1 2024: 20%, 104 in both
  • Q2 2024: 20%, 111 in both
  • Q3 2024: 13%, 120 in both
  • Q4 2024: 13%, 110 in both
  • Q1 2025: 20%, 152 in both
  • Q2 2025: 25%, 155 in both
  • Q3 2025: 19%, 119 in both
  • Q4 2025: 21%, 130 in both
  • Q1 2026: 22%, 150 in both
  • Q2 2026: 24%, 139 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.

StockCaxton Associates LLPNeuberger Berman Group LLC
Nvidia Corp(NVDA)3.8%Trimmed4.1%Added
Apple Inc(AAPL)7.3%Added3.3%Added
Amazon Com Inc(AMZN)6.0%Added3.1%Added
Microsoft Corp(MSFT)7.1%Trimmed2.6%Trimmed
Alphabet Inc(GOOGL)2.5%Added2.4%Added
Advanced Micro Devices Inc(AMD)5.0%Trimmed0.6%Trimmed
Lam Research Corp(LRCX)1.9%Added0.5%Added
Texas Instrs Inc(TXN)0.7%Added0.4%Added
Micron Technology Inc(MU)0.3%Trimmed0.7%Trimmed
Cme Group Inc(CME)0.3%Added0.3%Trimmed
SanDisk Corp(SNDK)1.6%New0.3%Trimmed
Bank of America Corporation(BAC)2.2%Added0.3%Trimmed
Targa Res Corp(TRGP)0.2%New0.5%Trimmed
Applied Matls Inc(AMAT)0.2%Added0.6%Added
Take-two Interactive Softwar(TTWO)0.2%Added0.2%Added
Amphenol Corp New-cl A(APH)0.1%Added0.7%Added
Warner Bros Discovery Inc(WBD)9.7%Added0.1%Added
Ge Vernova Inc(GEV)0.1%Trimmed0.4%Added
Unitedhealth Group Inc(UNH)0.1%Added0.3%Added
Electronic Arts Inc(EA)0.9%Trimmed0.1%Added

and 119 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.

  • Nvidia Corp(NVDA)Caxton Associates LLP trimmed; Neuberger Berman Group LLC added
  • JPMorgan Chase & Co(JPM)Caxton Associates LLP trimmed; Neuberger Berman Group LLC added
  • Facebook Inc(META)Caxton Associates LLP sold out; Neuberger Berman Group LLC added
  • Home Depot Inc(HD)Caxton Associates LLP added; Neuberger Berman Group LLC trimmed
  • Analog Devices Inc(ADI)Caxton Associates LLP trimmed; Neuberger Berman Group LLC added
  • Visa Inc(V)Caxton Associates LLP started; Neuberger Berman Group LLC trimmed
  • Motorola Solutions Inc(MSI)Caxton Associates LLP trimmed; Neuberger Berman Group LLC added
  • Targa Res Corp(TRGP)Caxton Associates LLP started; Neuberger Berman Group LLC trimmed
  • TJX Cos Inc New(TJX)Caxton Associates LLP added; Neuberger Berman Group LLC trimmed
  • Taiwan Semiconductor MFG LTD(TSM)Caxton Associates LLP added; Neuberger Berman Group LLC trimmed
  • Ge Vernova Inc(GEV)Caxton Associates LLP trimmed; Neuberger Berman Group LLC added
  • McDonald's Corp(MCD)Caxton Associates LLP added; Neuberger Berman Group LLC trimmed
Caxton Associates LLP: the recordNeuberger Berman Group LLC: the record

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