NEBIUS GROUP N.V. NBIS
SHS CLASS A · Common Stock · CUSIP N97284108
Dutch company developing a portfolio of AI-related technology assets
- SectorTechnology
- IndustryServices-Computer Programming, Data Processing, Etc.
- HeadquartersAmsterdam, Netherlands
- Founded2004
- Websitenebius.group
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($58.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $272.30. Options: 55 managers hold calls ($10.6bn notional), 63 hold puts ($15.1bn).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 246 |
| Q4 2022 | 248 |
| Q1 2023 | 237 |
| Q2 2023 | 223 |
| Q3 2023 | 214 |
| Q4 2023 | 214 |
| Q1 2024 | 203 |
| Q2 2024 | 196 |
| Q3 2024 | 196 |
| Q4 2024 | 303 |
| Q1 2025 | 334 |
| Q2 2025 | 410 |
| Q3 2025 | 573 |
| Q4 2025 | 624 |
| Q1 2026 | 732 |
| Q2 2026 | 1,063 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 36 | 47 |
| Q4 2024 | 187 | 119 |
| Q1 2025 | 202 | 152 |
| Q2 2025 | 236 | 176 |
| Q3 2025 | 371 | 187 |
| Q4 2025 | 374 | 283 |
| Q1 2026 | 465 | 244 |
| Q2 2026 | 690 | 338 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.9bn | $2.6bn | 0.89 |
| Q4 2025 | $2.5bn | $2.4bn | 0.98 |
| Q1 2026 | $2.6bn | $2.9bn | 1.14 |
| Q2 2026 | $10.6bn | $15.1bn | 1.43 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +6.7m |
| Invesco Ltd. | Added | +5.2m |
| BANK OF AMERICA CORP /DE/ | Added | +4.6m |
| Situational Awareness LP | New | +4.5m |
| LONE PINE CAPITAL LLC | New | +4.3m |
| JPMORGAN CHASE & CO | Added | +2.5m |
| JENNISON ASSOCIATES LLC | Added | +2.3m |
| UBS Group AG | Added | +2.1m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +2.0m |
| BlackRock, Inc. | Added | +1.6m |
Biggest sellers
| FRED ALGER MANAGEMENT, LLC | Reduced | -3.9m |
| Capital Research Global Investors | Sold out | -3.4m |
| Orbis Allan Gray Ltd | Reduced | -1.8m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.6m |
| Altshuler Shaham Ltd | Reduced | -1.5m |
| JANE STREET GROUP, LLC | Reduced | -1.4m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.3m |
| Accel Leaders 4 Associates L.P. | Reduced | -916.2k |
| Kora Management LP | Reduced | -589.2k |
| Anther Capital Ltd | Reduced | -546.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.7bn9.9m shares |
| JANE STREET GROUP, LLC | Added | $1.8bn6.6m shares |
| GOLDMAN SACHS GROUP INC | New | $1.6bn5.6m shares |
| CITADEL ADVISORS LLC | Added | $1.5bn5.6m shares |
| IMC-Chicago, LLC | Added | $807.1m2.9m shares |
| GROUP ONE TRADING LLC | Reduced | $425.1m1.5m shares |
| Value Aligned Research Advisors, LLC | Added | $231.3m837.5k shares |
| D. E. Shaw & Co., Inc. | Added | $229.1m829.7k shares |
| UBS Group AG | Added | $225.7m817.1k shares |
| Walleye Trading LLC | Added | $169.7m614.3k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Added | $4.9bn17.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.5bn9.1m shares |
| JANE STREET GROUP, LLC | Reduced | $1.8bn6.6m shares |
| CITADEL ADVISORS LLC | Added | $1.4bn5.2m shares |
| IMC-Chicago, LLC | Added | $739.3m2.7m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $658.0m2.4m shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $622.9m2.3m shares |
| SIMPLEX TRADING, LLC | Added | $339.6m1.2m shares |
| PEAK6 LLC | Added | $232.1m840.4k shares |
| LMR Partners LLP | Added | $209.9m760.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| NVIDIA CORP 13G · passive investor new · filed 2026-07-20 | 9.3% |
| Situational Awareness LP 13G · institution new · filed 2026-05-27 | 5.6% |
| GOLDMAN SACHS GROUP INC 13G · institution -5.4 pts · filed 2026-10-07 | 5.1% |
Fell to 5% or below in the last year: ORBIS INVESTMENT MANAGEMENT LTD (1.5%, 2026-02-17)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 3 | $4.3m | — |
| Q2 2026 | 0 | — | 8 | $129.3m | $118.9m |
| Q3 2026 | 0 | — | 7 | $46.3m | $23.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-15 | Boynton John Wilson IV Director · Class A Shares | Sold plan | $1.3m6.4k shares |
| 2026-09-14 | Boroditsky Marc Chief Revenue Officer · Class A Shares | Sold plan | $1.5m7.0k shares |
| 2026-09-01 | Alonso Sanchez Maria del Dado CFO · Class A Shares | Sold | $92.1k470 shares |
| 2026-08-14 | Ryan Charles E Director · Class A Shares | Sold plan | $13.3m50.0k shares |
| 2026-08-14 | Boynton John Wilson IV Director · Class A Shares | Sold plan | $1.4m5.3k shares |
| 2026-07-15 | Boroditsky Marc Chief Revenue Officer · Class A Shares | Sold plan | $4.4m22.4k shares |
| 2026-07-15 | Boynton John Wilson IV Director · Class A Shares | Sold plan | $1.4m7.0k shares |
| 2026-07-01 | Volozh Arkadiy CEO, director · Class A Shares | Sold | $11.0m46.6k shares |
| 2026-07-01 | Korolenko Andrey Chief Infrastructure Officer · Class A Shares | Sold | $8.0m33.9k shares |
| 2026-07-01 | Shtan Danila Chief Technology Officer · Class A Shares | Sold | $4.0m16.9k shares |
| 2026-06-15 | Boynton John Wilson IV Director · Class A Shares | Sold plan | $1.5m5.8k shares |
| 2026-06-15 | Boroditsky Marc Chief Revenue Officer · Class A Shares | Sold plan | $1.1m4.5k shares |
| 2026-06-04 | Shtan Danila Chief Technology Officer · Class A Shares | Sold plan | $3.7m15.7k shares |
| 2026-06-02 | Boroditsky Marc Chief Revenue Officer · Class A Shares | Sold | $3.0m10.8k shares |
| 2026-06-02 | Alonso Sanchez Maria del Dado CFO · Class A Shares | Sold | $416.8k1.5k shares |
| 2026-05-20 | Tal Boaz General Counsel · Class A Shares | Sold plan | $1.0m5.1k shares |
| 2026-05-15 | Boroditsky Marc Chief Revenue Officer · Class A Shares | Sold plan | $979.0k4.5k shares |
| 2026-05-13 | Korolenko Andrey Chief Infrastructure Officer · Class A Shares | Sold plan | $101.6m500.0k shares |
| 2026-05-13 | Bunina Elena Director · Class A Shares | Sold plan | $2.3m10.9k shares |
| 2026-05-06 | Bunina Elena Director · Class A Shares | Sold plan | $2.0m10.8k shares |
| 2026-05-04 | Bunina Elena Director · Class A Shares | Sold plan | $999.9k5.9k shares |
| 2026-04-15 | Boroditsky Marc Chief Revenue Officer · Class A Shares | Sold plan | $720.5k4.5k shares |
| 2026-04-14 | Bunina Elena Director · Class A Shares | Sold plan | $1.0m6.2k shares |
| 2026-04-13 | Bunina Elena Director · Class A Shares | Sold plan | $1.0m6.7k shares |
| 2026-04-10 | Bunina Elena Director · Class A Shares | Sold plan | $1.0m7.1k shares |
| 2026-04-06 | Korolenko Andrey Chief Infrastructure Officer · Class A Shares | Sold | $3.5m31.4k shares |
| 2026-04-01 | Volozh Arkadiy CEO, director · Class A Shares | Sold | $3.5m33.4k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.05% of their portfolio | 11.5m $3.2bn | Added +1.6m |
| GOLDMAN SACHS GROUP INC 0.28% of their portfolio | 9.8m $2.7bn | Added +6.7m |
| Invesco Ltd. 0.15% of their portfolio | 6.9m $1.9bn | Added +5.2m |
| Orbis Allan Gray Ltd 6.16% of their portfolio | 6.5m $1.8bn | Reduced -1.8m |
| BANK OF AMERICA CORP /DE/ 0.11% of their portfolio | 6.1m $1.7bn | Added +4.6m |
| Value Aligned Research Advisors, LLC 10.08% of their portfolio | 6.1m $1.7bn | Added +290.7k |
| FRED ALGER MANAGEMENT, LLC 5.27% of their portfolio | 5.7m $1.6bn | Reduced -3.9m |
| UBS Group AG 0.23% of their portfolio | 5.2m $1.4bn | Added +2.1m |
| Situational Awareness LP 6.11% of their portfolio | 4.5m $1.2bn | New |
| LONE PINE CAPITAL LLC 7.19% of their portfolio | 4.3m $1.2bn | New |
| STATE STREET CORP 0.03% of their portfolio | 4.1m $1.1bn | Added +568.4k |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 4.0m $1.0bn | Added +2.5m |
| JENNISON ASSOCIATES LLC 0.66% of their portfolio | 4.0m $1.1bn | Added +2.3m |
| MORGAN STANLEY 0.05% of their portfolio | 3.8m $1.0bn | Added +93.3k |
| Altshuler Shaham Ltd 0.22% of their portfolio | 3.7m $17.9m | Reduced -1.5m |
| Accel Leaders 4 Associates L.P. 100.00% of their portfolio | 3.7m $1.0bn | Reduced -916.2k |
| Clear Street Group Inc. 3.16% of their portfolio | 3.6m $999.4m | Added +560.1k |
| NORGES BANK 0.08% of their portfolio | 2.9m $804.0m | Not comparable |
| Jupiter Topco LLC 0.29% of their portfolio | 2.6m $714.2m | First filing |
| Accel Leaders 3 Associates L.P. 100.00% of their portfolio | 2.3m $621.9m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 2.1m $578.7m | Added +23.6k |
| Amundi 0.13% of their portfolio | 2.0m $552.9m | Added +658.2k |
| Rovida Investment Management Ltd 37.56% of their portfolio | 2.0m $550.9m | Added +102.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.78% of their portfolio | 2.0m $546.4m | New |
| TWO SIGMA INVESTMENTS, LP 0.31% of their portfolio | 1.5m $415.6m | Reduced -1.3m |
| California Public Employees Retirement System 0.19% of their portfolio | 1.2m $340.1m | Added +991.3k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.2m $332.5m | Added +180.9k |
| Holocene Advisors, LP 0.76% of their portfolio | 1.2m $332.3m | New |
| NVIDIA CORP 0.52% of their portfolio | 1.2m $328.8m | Unchanged |
| Legal & General Group Plc 0.07% of their portfolio | 1.2m $328.4m | Added +1.6k |
| Anatole Investment Management Ltd 51.22% of their portfolio | 1.1m $302.1m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 1.26% of their portfolio | 1.1m $296.5m | New |
| CITIGROUP INC 0.13% of their portfolio | 1.0m $287.2m | Added +865.2k |
| GILDER GAGNON HOWE & CO LLC 2.48% of their portfolio | 870.8k $240.5m | Reduced -80.3k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 811.7k $224.2m | Added +196.9k |
| Marex Group Ltd 1.59% of their portfolio | 775.6k $214.2m | Added +62.5k |
| Tree Line Advisors (Hong Kong) Ltd. 55.05% of their portfolio | 700.0k $193.3m | Reduced -370.0k |
| FIRST TRUST ADVISORS LP 0.11% of their portfolio | 696.8k $192.4m | Added +643.1k |
| FMR LLC 0.01% of their portfolio | 686.1k $189.5m | Added +684.9k |
| Swiss National Bank 0.10% of their portfolio | 685.6k $189.3m | Reduced -53.6k |
| BARCLAYS PLC 0.06% of their portfolio | 659.2k $182.0m | Added +427.2k |
| WCM INVESTMENT MANAGEMENT, LLC 0.30% of their portfolio | 633.8k $165.5m | Added +37.9k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 629.0k $173.7m | Added +439.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 610.1k $168.5m | Added +445.2k |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 581.7k $160.6m | Added +125.0k |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 567.5k $33.6m | Reduced -53 |
| LPL Financial LLC 0.03% of their portfolio | 562.8k $155.4m | Reduced -38.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 542.8k $149.9m | Added +442.0k |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 527.6k $145.7m | Added +354.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 516.1k $142.5m | Reduced -1.2k |
| Nuveen, LLC 0.03% of their portfolio | 493.8k $136.4m | Reduced -8.8k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 491.0k $135.6m | Added +33.7k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 467.0k $129.0m | Reduced -188.5k |
| Kora Management LP 15.29% of their portfolio | 466.6k $128.9m | Reduced -589.2k |
| SG Americas Securities, LLC 0.07% of their portfolio | 456.7k $126.1m | Added +376.8k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 3.22% of their portfolio | 449.4k $124.1m | Added +169.4k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 447.9k $123.7m | Added +143.5k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 441.7k $122.0m | Added +102.2k |
| 1832 Asset Management L.P. 0.14% of their portfolio | 410.9k $113.5m | Added +150.2k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 406.5k $42.0m | Unchanged |
| Ghisallo Capital Management LLC 2.17% of their portfolio | 400.0k $110.5m | Reduced -175.0k |
| Public Sector Pension Investment Board 0.08% of their portfolio | 391.7k $30.8m | Added +1.8k |
| Tidal Investments LLC 0.26% of their portfolio | 385.0k $106.3m | Added +37.3k |
| AVIVA PLC 0.09% of their portfolio | 374.3k $64.3m | Added +3.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio | 361.1k $99.7m | Reduced -403.1k |
| Analog Century Management LP 3.60% of their portfolio | 356.2k $98.4m | New |
| Defiance ETFs, LLC 1.07% of their portfolio | 334.3k $76.6m | Added +321.3k |
| TTRF Capital Ltd 58.81% of their portfolio | 322.9k $89.2m | First filing |
| Penserra Capital Management LLC 0.67% of their portfolio | 315.2k $87.0m | Added +313.0k |
| National Pension Service 0.06% of their portfolio | 312.3k $86.2m | Added +296.8k |
| SOROS FUND MANAGEMENT LLC 1.12% of their portfolio | 310.0k $85.6m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.08% of their portfolio | 303.7k $83.9m | Reduced -14.2k |
| SEB Asset Management AB 0.07% of their portfolio | 300.3k $18.2m | Reduced -93.7k |
| Mirae Asset Global Investments Co., Ltd. 0.16% of their portfolio | 299.2k $82.6m | Added +68.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 282.9k $78.1m | Added +18.0k |
| Oak Grove Capital LLC 5.72% of their portfolio | 281.9k $77.9m | Added +78.1k |
| Cetera Investment Advisers 0.07% of their portfolio | 265.7k $73.4m | Reduced -27.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 264.3k $73.0m | Reduced -67.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.05% of their portfolio | 257.9k $71.2m | Added +3.7k |
| Liontrust Investment Partners LLP 1.01% of their portfolio | 250.0k $69.0m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 225.1k $62.2m | Reduced -43.9k |
| NOMURA HOLDINGS INC 0.25% of their portfolio | 217.4k $60.1m | Added +169.8k |
| INVESTMENT HOUSE LLC 2.62% of their portfolio | 209.6k $57.9m | Reduced -6.8k |
| Lingotto Investment Management LLP 1.22% of their portfolio | 205.7k $56.8m | Added +76.7k |
| ProShare Advisors LLC 0.08% of their portfolio | 204.9k $56.6m | New |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 204.2k $21.2m | Added +166.8k |
| Essex LLC 8.40% of their portfolio | 200.3k $55.3m | Reduced -5.1k |
| Hound Partners, LLC 6.40% of their portfolio | 200.0k $55.2m | New |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.10% of their portfolio | 195.2k $53.9m | Added +172.5k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 193.9k $53.5m | New |
| IMC-Chicago, LLC 0.48% of their portfolio | 189.8k $52.4m | Added +117.8k |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 186.3k $51.5m | Added +185.7k |
| Point72 Asset Management, L.P. 0.08% of their portfolio | 180.0k $49.7m | Reduced -193.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 177.1k $48.9m | Added +15.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 176.6k $48.8m | Added +6.4k |
| HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 2.89% of their portfolio | 170.7k $47.1m | Reduced -122.3k |
| Saudi Central Bank 0.61% of their portfolio | 167.8k $46.3m | Added +87.9k |
| OSAIC HOLDINGS, INC. 0.05% of their portfolio | 166.7k $46.0m | Added +35.7k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 166.0k $17.6m | Added +2.3k |
| Caisse de depot et placement du Quebec 0.06% of their portfolio | 163.8k $45.2m | New |