SB INVESTMENT ADVISERS (UK) LTD

LONDON, X0 · CIK 1731509 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2017 · corporation

Assets managed$53.5bn
Staff194 · 67 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 · $42.0bn gross assets
Main officeMenlo Park, CA
Websitevisionfund.com
Form ADV · 2026-06-24SEC adviser record

$7.7bn reported value -0.9% vs Q1 2026

9positions

100.0%in top 10

0 new 0 added 2 reduced 1 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

SB INVESTMENT ADVISERS (US) INC. – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	COUPANG INC CL A CPNG	CPNG	289,542,259	$5.0bn65.64%	65.64%	Unchanged
2	GRAB HOLDINGS LIMITED CLASS A ORD GRAB	GRAB	401,796,672	$1.5bn19.77%	19.77%	Unchanged
3	RELAY THERAPEUTICS INC COM RLAY	RLAY	27,904,963	$522.1m6.81%	6.81%	Unchanged
4	COMPASS INC CL A COMP	COMP	21,504,702	$265.2m3.46%	3.46%	Reduced -500.0k	-500,000 -2.3%
5	VIR BIOTECHNOLOGY INC COM VIR	VIR	10,948,093	$111.6m1.46%	1.46%	Unchanged
6	AURORA INNOVATION INC CLASS A COM AUR	AUR	14,279,073	$97.4m1.27%	1.27%	Reduced -5.5m	-5,532,687 -27.9%
7	ENERGY VAULT HOLDINGS INC COM NRGV	NRGV	15,535,631	$73.2m0.95%	0.95%	Unchanged
8	FULL TRUCK ALLIANCE CO LTD SPONSORED ADS YMM	YMM	5,272,390	$42.8m0.56%	0.56%	Unchanged
9	GINKGO BIOWORKS HOLDINGS INC CL A NEW DNA	DNA	610,729	$6.1m0.08%	0.08%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ROIVANT SCIENCES LTD ROIV	ROIV	2,671,732	$74.0m2.7m shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
COUPANG INC CPNG · 13G · filed 2025-11-14	CPNG	17.3%≈ $5.0bn	-1.4 pts	13G	2025-11-14
ENERGY VAULT HOLDINGS INC NRGV · 13G · filed 2026-05-15	NRGV	8.9%≈ $73.2m		13G	2026-05-15
FULL TRUCK ALLIANCE CO LTD YMM · 13G · filed 2025-11-14	YMM	7.4%	-2.5 pts	13G	2025-11-14
VIR BIOTECHNOLOGY INC VIR · 13G · filed 2026-05-15	VIR	6.5%≈ $111.6m	-2.9 pts	13G	2026-05-15

Trades reported as a company insider since 1 Apr 2026

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2026-08-25	RELAY THERAPEUTICS INC 10% owner · See footnote	RLAY	Sold	6,000,000	$116.4m6.0m shares	-22%