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

At Q2 2026, at least 21% of the two 13F books was the same, across 153 stocks both listed, against 6.0% at Q4 2018. 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%11%22%Q4 2018: 6.0%, 90 in bothQ1 2019: 11%, 121 in both19Q2 2019: 11%, 145 in bothQ3 2019: 17%, 154 in bothQ4 2019: 12%, 155 in bothQ1 2020: 19%, 172 in both20Q2 2020: 17%, 166 in bothQ3 2020: 15%, 165 in bothQ4 2020: 18%, 158 in bothQ1 2021: 18%, 167 in both21Q2 2021: 18%, 160 in bothQ3 2021: 20%, 177 in bothQ4 2021: 22%, 169 in bothQ1 2022: 18%, 157 in both22Q2 2022: 20%, 175 in bothQ3 2022: 21%, 181 in bothQ4 2022: 20%, 175 in bothQ1 2023: 17%, 163 in both23Q2 2023: 18%, 164 in bothQ3 2023: 20%, 179 in bothQ4 2023: 13%, 139 in bothQ1 2024: 18%, 145 in both24Q2 2024: 19%, 149 in bothQ3 2024: 18%, 156 in bothQ4 2024: 18%, 151 in bothQ1 2025: 15%, 140 in both25Q2 2025: 15%, 146 in bothQ3 2025: 21%, 142 in bothQ4 2025: 22%, 151 in bothQ1 2026: 19%, 149 in both26Q2 2026: 21%, 153 in both
  • Q4 2018: 6.0%, 90 in both
  • Q1 2019: 11%, 121 in both
  • Q2 2019: 11%, 145 in both
  • Q3 2019: 17%, 154 in both
  • Q4 2019: 12%, 155 in both
  • Q1 2020: 19%, 172 in both
  • Q2 2020: 17%, 166 in both
  • Q3 2020: 15%, 165 in both
  • Q4 2020: 18%, 158 in both
  • Q1 2021: 18%, 167 in both
  • Q2 2021: 18%, 160 in both
  • Q3 2021: 20%, 177 in both
  • Q4 2021: 22%, 169 in both
  • Q1 2022: 18%, 157 in both
  • Q2 2022: 20%, 175 in both
  • Q3 2022: 21%, 181 in both
  • Q4 2022: 20%, 175 in both
  • Q1 2023: 17%, 163 in both
  • Q2 2023: 18%, 164 in both
  • Q3 2023: 20%, 179 in both
  • Q4 2023: 13%, 139 in both
  • Q1 2024: 18%, 145 in both
  • Q2 2024: 19%, 149 in both
  • Q3 2024: 18%, 156 in both
  • Q4 2024: 18%, 151 in both
  • Q1 2025: 15%, 140 in both
  • Q2 2025: 15%, 146 in both
  • Q3 2025: 21%, 142 in both
  • Q4 2025: 22%, 151 in both
  • Q1 2026: 19%, 149 in both
  • Q2 2026: 21%, 153 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.

StockExodusPoint Capital Management LPNeuberger Berman Group LLC
Apple Inc(AAPL)3.2%Added3.3%Added
Amazon Com Inc(AMZN)4.2%Added3.1%Added
Nvidia Corp(NVDA)1.8%Trimmed4.1%Added
Microsoft Corp(MSFT)0.6%Added2.6%Trimmed
Intel Corp(INTC)0.4%Added0.6%Trimmed
Berkshire Hathaway Inc Del(BRK-B)0.3%New0.6%Added
Space Exploration Techn Corp(SPCX)2.1%New0.2%New
Home Depot Inc(HD)0.2%New0.9%Trimmed
Costco WHSL Corp New(COST)0.2%Added0.5%Trimmed
Cisco Sys Inc(CSCO)0.2%Added0.4%Trimmed
55306n104(MKSI)0.2%Added0.3%Trimmed
Oracle Corp(ORCL)0.2%Added0.4%Trimmed
SanDisk Corp(SNDK)0.2%Trimmed0.3%Trimmed
Visa Inc(V)0.2%Added0.7%Trimmed
Wells Fargo Co New(WFC)0.2%Added0.2%Trimmed
Advanced Micro Devices Inc(AMD)0.1%Added0.6%Trimmed
The Charles Schwab Corporati(SCHW)0.1%Added0.2%Trimmed
Facebook Inc(META)0.1%Trimmed0.9%Added
Waste MGMT Inc Del(WM)0.3%New0.1%Trimmed
Applied Matls Inc(AMAT)0.1%Trimmed0.6%Added

and 133 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)ExodusPoint Capital Management LP trimmed; Neuberger Berman Group LLC added
  • Microsoft Corp(MSFT)ExodusPoint Capital Management LP added; Neuberger Berman Group LLC trimmed
  • Asml Holding N V(ASML)ExodusPoint Capital Management LP trimmed; Neuberger Berman Group LLC added
  • Facebook Inc(META)ExodusPoint Capital Management LP trimmed; Neuberger Berman Group LLC added
  • Home Depot Inc(HD)ExodusPoint Capital Management LP started; Neuberger Berman Group LLC trimmed
  • Nextera Energy Inc(NEE)ExodusPoint Capital Management LP started; Neuberger Berman Group LLC trimmed
  • Analog Devices Inc(ADI)ExodusPoint Capital Management LP trimmed; Neuberger Berman Group LLC added
  • Visa Inc(V)ExodusPoint Capital Management LP added; Neuberger Berman Group LLC trimmed
  • Intel Corp(INTC)ExodusPoint Capital Management LP added; Neuberger Berman Group LLC trimmed
  • Advanced Micro Devices Inc(AMD)ExodusPoint Capital Management LP added; Neuberger Berman Group LLC trimmed
  • Applied Matls Inc(AMAT)ExodusPoint Capital Management LP trimmed; Neuberger Berman Group LLC added
  • Costco WHSL Corp New(COST)ExodusPoint Capital Management LP added; Neuberger Berman Group LLC trimmed
ExodusPoint Capital Management LP: the recordNeuberger Berman Group LLC: the record

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