Neuberger Berman Long Short Fund Discloses Jan 31 Portfolio

TL;DR

**Neuberger Berman Long Short Fund just dropped its Jan 31 portfolio, giving investors a peek under the hood.**

AI Summary

Neuberger Berman Alternative Funds (CIK: 0001317474) filed its NPORT-P report on March 24, 2026, detailing its portfolio as of January 31, 2026. The filing specifically covers the Neuberger Long Short Fund, which offers Class A (NLSAX), Class C (NLSCX), and Institutional Class (NLSIX) shares. This matters to investors because it provides a transparent look into the fund's holdings and strategy, allowing them to assess how their money is being managed and if it aligns with their investment goals.

Why It Matters

This filing offers a snapshot of the Neuberger Long Short Fund's investments, crucial for current and prospective shareholders to understand the fund's strategy and risk exposure.

Risk Assessment

Risk Level: medium — The 'Long Short' strategy implies both buying and selling securities, which can be complex and carry moderate risk depending on market conditions and management's execution.

Analyst Insight

A smart investor would review the detailed portfolio holdings within the NPORT-P to understand the fund's current asset allocation and specific investments, ensuring it aligns with their personal investment objectives and risk profile.

Key Numbers

• 2026-01-31 — Period of Report (Indicates the date the portfolio holdings reflect, providing a recent snapshot for investors.)
• 0001317474 — CIK (Unique identifier for NEUBERGER BERMAN ALTERNATIVE FUNDS, allowing investors to track all their filings.)
• 811-21715 — File No. (Specific registration number for the fund under the Investment Company Act of 1940.)

Key Players & Entities

• NEUBERGER BERMAN ALTERNATIVE FUNDS (company) — Filer of the NPORT-P report
• Neuberger Long Short Fund (company) — Specific fund covered in the filing
• NLSAX (company) — Ticker symbol for Class A shares of the Neuberger Long Short Fund
• NLSCX (company) — Ticker symbol for Class C shares of the Neuberger Long Short Fund
• NLSIX (company) — Ticker symbol for Institutional Class shares of the Neuberger Long Short Fund
• 0001317474 (dollar_amount) — CIK for NEUBERGER BERMAN ALTERNATIVE FUNDS
• 2026-03-24 (dollar_amount) — Filing Date and Accepted Date of the NPORT-P
• 2026-01-31 (dollar_amount) — Period of Report for the NPORT-P

Forward-Looking Statements

• Investors will use this NPORT-P filing to evaluate the Neuberger Long Short Fund's investment strategy and compare its holdings against their own risk tolerance. (Neuberger Long Short Fund) — high confidence, target: 2026-04-30

FAQ

Filing Documents

• primary_doc.html (NPORT-P)
• primary_doc.xml (NPORT-P) — 218KB
• NPORT_9WLC_46462147_0126.htm (NPORT-EX) — 1301KB
• 0001410368-26-029178.txt ( ) — 1522KB
• S000035446
• C000108850 (NLSAX)
• C000108851 (NLSCX)
• C000108852 (NLSIX)

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM NPORT-P Monthly Portfolio Investments Report NPORT-P: Filer Information ********   Is this a LIVE or TEST Filing? LIVE TEST Would you like a Return Copy? Is this an electronic copy of an official filing submitted in paper format? Submission Contact Information Name   Phone   E-Mail Address   Notification Information Notify via Filing Website only? Series ID S000035446   Class (Contract) ID C000108850   Class (Contract) ID C000108851   Class (Contract) ID C000108852   NPORT-P: Part A: General Information Item A.1. Information about the Registrant. a. Name of Registrant NEUBERGER BERMAN ALTERNATIVE FUNDS   b. Investment Company Act file number for Registrant: (e.g., 811-______) 811-21715   c. CIK number of Registrant d. LEI of Registrant 549300O1DN1L4W2HMC23   e. Address and telephone number of Registrant. Street Address 1 1290 AVENUE OF THE AMERICAS   Street Address 2   NEW YORK   Foreign country, if applicable UNITED STATES OF AMERICA   10104   Telephone number 212-476-8800   Item A.2. Information about the Series. a. Name of Series. Neuberger Berman Long Short Fund   b. EDGAR series identifier (if any). S000035446   c. LEI of Series. 549300UFVFMPQHUEVQ03   Item A.3. Reporting period. a. Date of fiscal year-end. 2026-10-31   b. Date as of which information is reported. 2026-01-31   Item A.4. Final filing Does the Fund anticipate that this will be its final filing on Form N PORT? Yes No NPORT-P: Part B: Information About the Fund Report the following information for the Fund and its consolidated subsidiaries. Item B.1. Assets and liabilities. Report amounts in U.S. dollars. a. Total assets, including assets attributable to miscellaneous securities reported in Part D. 9122026522.30   b. Total liabilities. 982602840.65   c. Net assets. 8139423681.65   Item B.2. Certain assets and liabilities. Report amounts in U.S. dollars. a. Assets attributable to miscellaneous securities reported in Part D. 0.00000000   b. Assets invested in a Controlled Foreign Corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities. 0.00000000   c. Borrowings attributable to amounts payable for notes payable, bonds, and similar debt, as reported pursuant to rule 6-04(13)(a) of Regulation S-X [17 CFR 210.6-04(13)(a)]. Amounts payable within one year. Banks or other financial institutions for borrowings. 0.00000000   Controlled companies. 0.00000000   Other affiliates. 0.00000000   Others. 0.00000000   Amounts payable after one year. Banks or other financial institutions for borrowings. 0.00000000   Controlled companies. 0.00000000   Other affiliates. 0.00000000   Others. 0.00000000   d. Payables for investments purchased either (i) on a delayed delivery, when-issued, or other firm commitment basis, or (ii) on a standby commitment basis. (i) On a delayed delivery, when-issued, or other firm commitment basis: 0.00000000   (ii) On a standby commitment basis: 0.00000000   e. Liquidation preference of outstanding preferred stock issued by the Fund. 0.00000000   f. Cash and cash equivalents not reported in Parts C and D. 0.00000000   Item B.3. Portfolio level risk metrics. If the average value of the Fund's debt securities positions for the previous three months, in the aggregate, exceeds 25% or more of the Fund's net asset value, provide: c. Credit Spread Risk (SDV01, CR01 or CS01). Provide the change in value of the portfolio resulting from a 1 basis point change in credit spreads where the shift is applied to the option adjusted spread, aggregated by investment grade and non-investment grade exposures, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years. Investment grade. Maturity period. 3 month.   1 year.   5 years.   10 years.   30 years.   Non-Investment grade. Maturity period. 3 month.   1 year.   5 years.   10 years.   30 years.   For purposes of Item B.3., calculate value as the sum of the absolute values of: (i) the value of each debt security, (ii) the notional value of each swap, including, but not limited to, total return swaps, interest rate swaps, and credit default swaps, for which the underlying reference asset or assets are debt securities or an interest rate; (iii) the notional value of each futures contract for which the underlying reference asset or assets are debt securities or an interest rate; and (iv) the delta-adjusted notional value of any option for which the underlying reference asset is an asset described in clause (i),(ii), or (iii). Report zero for maturities to which the Fund has no exposure. For exposures that fall between any of the listed maturities in (a) and (b), use linear interpolation to approximate exposure to each maturity listed above. For exposures outside of the range of maturities

View Full Filing

View this NPORT-P filing on SEC EDGAR