Neuberger Berman Energy Transition… (NBET) Holdings
NBET holdings summary
as of Oct 25, 2026- Holdings
- 28 positions listed
- Top 10 weight
- 55.5% of net assets
- Effective holdings
- 20 equal-weight equivalent
- Largest holding
- TRGP 9.24% Targa Resources Corp.
- Annual turnover
- — of the portfolio traded
All NBET holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | TRGP | Targa Resources Corp. | Energy | 9.24% | $5.0M | $63.24B | 28.2 |
| 2 | EPD | Enterprise Products Partners L.P. | Energy | 7.06% | $3.9M | $79.51B | 12.8 |
| 3 | LNG | Cheniere Energy, Inc. | Energy | 6.65% | $3.6M | $59.78B | 21.9 |
| 4 | DTM | DT Midstream, Inc. | Energy | 6.03% | $3.3M | $12.62B | 27.1 |
| 5 | CVX | Chevron Corporation | Energy | 5.09% | $2.8M | $441.34B | 21.2 |
| 6 | COP | ConocoPhillips | Energy | 5.06% | $2.8M | $176.01B | 19.4 |
| 7 | WMB | The Williams Companies, Inc. | Energy | 4.65% | $2.5M | $87.19B | 28.4 |
| 8 | WES | Western Midstream Partners, LP | Energy | 4.06% | $2.2M | $18.44B | 14.1 |
| 9 | CWEN | Clearway Energy, Inc. | Utilities | 3.94% | $2.1M | $7.38B | 38.9 |
| 10 | AM | Antero Midstream Corporation | Energy | 3.73% | $2.0M | $9.80B | 24.9 |
| 11 | SUNC | SunocoCorp LLC | Energy | 3.65% | $2.0M | $3.73B | 25.9 |
| 12 | AR | Antero Resources Corporation | Energy | 3.52% | $1.9M | $11.88B | 11.1 |
| 13 | XOM | Exxon Mobil Corporation | Energy | 3.47% | $1.9M | $735.95B | 23.0 |
| 14 | OXY | Occidental Petroleum Corporation | Energy | 3.10% | $1.7M | $62.36B | 17.7 |
| 15 | SOI | Solaris Oilfield Infrastructure Inc | Energy | 2.50% | $1.4M | — | — |
| 16 | PAGP | Plains GP Holdings, L.P. | Energy | 2.14% | $1.2M | $6.40B | 62.4 |
| 17 | TDW | Tidewater Inc. | Energy | 2.03% | $1.1M | $3.96B | 16.2 |
| 18 | SRE | Sempra | Utilities | 1.83% | $999,916.52 | $54.54B | 24.1 |
| 19 | WSO | Watsco, Inc. | Industrials | 1.83% | $996,426.98 | $12.21B | 25.4 |
| 20 | TOU | Tourmaline Oil Corp. | Energy | 1.61% | $876,419.55 | — | — |
| 21 | EQT | EQT Corporation | Energy | 1.53% | $836,017.23 | $33.97B | 12.6 |
| 22 | MPLX | MPLX LP | Energy | 1.50% | $819,605.49 | $59.02B | 12.5 |
| 23 | CNP | CenterPoint Energy, Inc. | Utilities | 1.50% | $819,387.39 | $26.71B | 24.0 |
| 24 | NE | Noble Corporation | Energy | 1.43% | $777,567.45 | $7.04B | 46.9 |
| 25 | KNTK | Kinetik Holdings Inc. | Energy | 1.27% | $693,382.32 | $9.36B | 19.3 |
| 26 | PPL | Pembina Pipeline Corp | Energy | 1.12% | $609,306.24 | — | — |
| 27 | HESM | Hess Midstream LP | Energy | 0.89% | $483,246.64 | $6.32B | 10.6 |
| 28 | EXE | Expand Energy Corporation | Energy | 0.79% | $428,668.07 | $21.62B | 8.1 |
Weights as a percentage of net assets. Value held = weight × net assets ($54.5M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
NBET sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Energy | 82.1% | 24 | TRGP, EPD, LNG |
| Utilities | 7.3% | 3 | CWEN, SRE, CNP |
| Industrials | 1.8% | 1 | WSO |
Sum of the weights of the holdings in each sector.
NBET top industries
NBET overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF | 2.6% | 11 of 502 | 0.09% |
| DIA | SPDR Dow Jones Industrial Average ETF | 2.5% | 1 of 30 | 0.16% |
| VTI | Vanguard Total Stock Market ETF | 2.2% | 21 of 2,941 | 0.03% |
| IWM | iShares Russell 2000 ETF | 0.4% | 3 of 1,962 | 0.19% |
| VXUS | Vanguard Total International Stock ETF | 0.3% | 7 of 8,035 | 0.05% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the NBET portfolio
Neuberger Berman Energy Transition… holds 28 positions. The ten largest make up 55.5% of the fund, so it behaves like a portfolio of about 20 equally weighted stocks. The biggest positions are Targa Resources Corp. (9.24%), Enterprise Products Partners L.P. (7.06%), Cheniere Energy, Inc. (6.65%), DT Midstream, Inc. (6.03%), Chevron Corporation (5.09%).
By sector, Energy is 82.1%, Utilities is 7.3%, Industrials is 1.8%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: NBET chart, NBET performance, NBET dividends, NBET valuation, NBET overview.
NBET holdings FAQ
How many holdings does NBET have?
NBET holds 28 positions as of October 25, 2026.
What are the top 10 holdings of NBET?
The ten largest holdings are Targa Resources Corp. (9.24%), Enterprise Products Partners L.P. (7.06%), Cheniere Energy, Inc. (6.65%), DT Midstream, Inc. (6.03%), Chevron Corporation (5.09%), ConocoPhillips (5.06%), The Williams Companies, Inc. (4.65%), Western Midstream Partners, LP (4.06%), Clearway Energy, Inc. (3.94%), Antero Midstream Corporation (3.73%). Together they are 55.5% of the fund.
What percentage of NBET is Targa Resources Corp.?
Targa Resources Corp. is the largest holding at 9.24% of net assets, about $5.0M of the fund's $54.5M.
Which sector is the largest in NBET?
Energy is the largest sector at 82.1%, followed by Utilities (7.3%) and Industrials (1.8%), based on the sectors of the individual holdings.
How concentrated is NBET?
The top 10 holdings are 55.5% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) NBET behaves like a portfolio of about 20 equally weighted stocks.