SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)

Neostem, Inc.

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

August 9, 2007

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o Rule 13d-1(d)

 

 

CUSIP No.		640650206	13G	Page		2		of		11

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SCHEDULE 13G

     This Schedule 13G (the “Schedule 13G”) is being filed on behalf of Southpoint Capital Advisors LLC, a Delaware limited liability company (“Southpoint CA LLC”), Southpoint GP, LLC, a Delaware limited liability company (“Southpoint GP LLC”), Southpoint Capital Advisors LP, a Delaware limited partnership (“Southpoint Advisors”), Southpoint GP, LP, a Delaware limited partnership (“Southpoint GP”), Robert W. Butts and John S. Clark II. Southpoint CA LLC is the general partner of Southpoint Advisors. Southpoint GP LLC is the general partner of Southpoint GP. Southpoint GP is the general partner of Southpoint Fund LP, a Delaware limited partnership (the “Fund”), Southpoint Qualified Fund LP, a Delaware limited partnership (the “Qualified Fund”), and Southpoint Master Fund, LP, a Cayman Islands exempted limited partnership (the “Master Fund”). Southpoint Offshore Fund, Ltd., a Cayman Island exempted company (the “Offshore Fund”), is also a general partner of the Master Fund. This Schedule 13G relates to shares of Common Stock of Neostem, Inc., a Delaware corporation (the “Issuer”), purchased by the Fund, the Qualified Fund and the Master Fund.

Item 1(a)		Name of Issuer.
		Neostem, Inc.
Item 1(b)		Address of Issuer’s Principal Executive Offices.
		420 Lexington Ave.
		Suite 450
		New York, NY 10170
		United States
Item 2(a)		Name of Person Filing.

			(1	)		Southpoint Capital Advisors, LP
			(2	)		Southpoint GP, LP
			(3	)		Southpoint Capital Advisors, LLC
			(4	)		Southpoint GP, LLC
			(5	)		Robert W. Butts
			(6	)		John S. Clark II

Item 2(b)		Address of Principal Business Office, or, if none, Residence.

			(1	)		For all Filers:
						623 Fifth Avenue, Suite 2601 New York, NY 10022 (212) 692-6350

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Item 2(c)		Citizenship or Place of Organization.

			(1	)		Southpoint Capital Advisors LP is a Delaware limited partnership.
			(2	)		Southpoint GP, LP is a Delaware limited partnership.
			(3	)		Southpoint Capital Advisors LLC is a Delaware limited liability company.
			(4	)		Southpoint GP, LLC is a Delaware limited liability company.
			(5	)		Robert W. Butts is a U.S. citizen.
			(6	)		John S. Clark II is a U.S. citizen.

Item 2(d)		Title of Class of Securities.
		Common Shares (the “Common Shares”), par value $0.001.

Item 2(e)		CUSIP Number.
		640650206

Item 3		If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
		Not Applicable.

Item 4		Ownership.

		(a)		Southpoint CA LLC, Southpoint GP LLC, Southpoint GP, Southpoint Advisors, Robert W. Butts and John S. Clark II may be deemed the beneficial owners of 375,000 shares of Common Stock, 250,000 of which are shares of Common Stock and 125,000 are shares of Common Stock issuable upon conversion of warrants.
		(b)		As of August 21, 2007, Southpoint CA LLC, Southpoint GP LLC, Southpoint GP, Southpoint Advisors, Robert W. Butts and John S. Clark II may be deemed the beneficial owners of 9.19% of the outstanding shares of Common Stock. This percentage was determined by dividing 375,000 by 4,079,168, the total number of Common Shares, par value $0.001, issued and outstanding, which is equal to 3,954,168 Common Shares outstanding as of August 14, 2007, as reported in the Issuer’s Form 10-QSB filed with the Securities and Exchange Commission on August 14, 2007, plus the 125,000 warrants issued to the Reporting Persons pursuant to a private placement on August 9, 2007.
		(c)		Southpoint CA LLC, Southpoint GP LLC, Southpoint GP, Southpoint Advisors, Robert W. Butts and John S. Clark II have the sole power to vote and dispose of the 375,000 shares of Common Stock beneficially owned.

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Item 5		Ownership of Five Percent or Less of a Class.
		Not Applicable.
Item 6		Ownership of More Than Five Percent on Behalf of Another Person.
		All securities reported in this schedule are owned by clients of the Investment Manager. To the knowledge of the Investment Manager, no one client owns more than 5% of the Common Stock.
Item 7		Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.
		Not Applicable.
Item 8		Identification and Classification of Members of the Group.
		Not Applicable.
Item 9		Notice of Dissolution of Group.
		Not Applicable.
Item 10		Certification.
		By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and were not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
Exhibits		Exhibit 1
		Joint Filing Agreement dated August 21, 2007, between Southpoint CA LLC, Southpoint GP LLC, Southpoint GP, Southpoint Advisors, Robert W. Butts and John S. Clark II.

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SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: August 21, 2007

		SOUTHPOINT CAPITAL ADVISORS, LP
		By:		Southpoint Capital Advisors LLC
				its general partner
				By:		/s/ Robert W. Butts
				Name:		Robert W. Butts
				Title:		Manager
		SOUTHPOINT GP, LP
		By:		Southpoint GP, LLC its general partner
				By:		/s/ Robert W. Butts
				Name:		Robert W. Butts
				Title:		Manager
		SOUTHPOINT CAPITAL ADVISORS, LLC
		By:		/s/ Robert W. Butts
		Name:		Robert W. Butts
		Title:		Manager
		SOUTHPOINT GP, LLC
		By:		/s/ Robert W. Butts
		Name:		Robert W. Butts
		Title:		Manager
		/s/ Robert W. Butts
		Robert W. Butts
		/s/ John S. Clark II
		John S. Clark II

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EXHIBIT 1

JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, no par value, of Neostem, Inc., and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.

     The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

     This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

[Signature Page Follows]

     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of August 21, 2007.

		SOUTHPOINT CAPITAL ADVISORS, LP
		By:		Southpoint Capital Advisors LLC
				its general partner
				By:		/s/ Robert W. Butts
				Name:		Robert W. Butts
				Title:		Manager
		SOUTHPOINT GP, LP
		By:		Southpoint GP, LLC its general partner
				By:		/s/ Robert W. Butts
				Name:		Robert W. Butts
				Title:		Manager
		SOUTHPOINT CAPITAL ADVISORS, LLC
		By:		/s/ Robert W. Butts
		Name:		Robert W. Butts
		Title:		Manager
		SOUTHPOINT GP, LLC
		By:		/s/ Robert W. Butts
		Name:		Robert W. Butts
		Title:		Manager
		/s/ Robert W. Butts
		Robert W. Butts
		/s/ John S. Clark II
		John S. Clark II