Nebius Group N.V. (NBIS): Q2 2026 13F — more filers, sharply higher reported value, and large Goldman / BlackRock / Invesco adds
You are looking at Nebius Group N.V. — technology name listed on NASDAQ as NBIS. Below is a read of the latest Form 13F tape (period of report 2026-06-30, Q2 2026) versus the prior quarter (2026-03-31, Q1 2026), plus a short company overview.
Nebius Group N.V. / NEBIUS GROUP N.V.
What changed in Q2 2026?
Last quarter = Q2 2026 (period of report 2026-06-30) versus prior Q1 2026 (2026-03-31). Figures are reported 13F values (USD) as filed — delayed snapshots, not live prices.
Here is the story in one breath: more 13F filers (1,057 vs 715), and the aggregate reported 13F value rose (about $41.53B from about $11.87B). Total disclosed shares also moved to about 155,420,224 from about 117,824,753. Hedge-style* holders numbered 28 in Q2 2026 versus 22 in Q1 2026. On the full 13F tape, 415 managers entered and 73 exited (hedge-style* enter/exit: 13 / 7).
Status mix across the QoQ tape (1,130 manager rows including exits): 415 ENTERED, 73 EXITED, 287 INCREASED, 274 DECREASED, 81 UNCHANGED.
Reporting-entity note: several Vanguard-affiliated names appear as ENTERED under new CIKs in Q2 2026 (for example VANGUARD ASSET MANAGEMENT, Ltd ($71.22M), VANGUARD CAPITAL MANAGEMENT LLC ($48.91M), Vanguard Investments Australia, Ltd. ($26.58M)). That is a 13F filer / CIK event in this tape — not automatically the same thing as “Vanguard never owned NBIS before.” Read it as new reporting entities showing up for this CUSIP in the QoQ join.
Who holds NBIS now?
Largest Q2 2026 13F holders by reported position value (top 18 of 1,057). Block size ≈ reported value. Click a name for the fund page.
Fund activity — Q1 2026 → Q2 2026
Top increases and decreases by change in % of the manager’s reported AUM, shown as treemap-style cards. Dollar heatmaps follow.
Top funds increasing % AUM
Largest positive Δ %AUM (entries + any adds).
Top funds decreasing % AUM
Largest negative Δ %AUM (cuts + exits).
Top $ increases (reported value)
Top $ decreases (reported value)
Funds entering & exiting
New fund appearances (ENTERED) and disappearances (EXITED) on the QoQ 13F tape — all filers vs hedge-style* only. Counts are status rows from the QoQ join across the full Form 13F filer set for this CUSIP/ticker — not live flow.
Key Q2 2026 movers (by |Δ reported value|)
The largest absolute dollar increase is GOLDMAN SACHS GROUP INC (status INCREASED, Δ about $2.39B) — accession 0000886982-26-000519. On the downside, the largest absolute dollar decrease is Capital Research Global Investors (EXITED, Δ about -$348.42M).
Classic 13F reminder: Orbis Allan Gray Ltd cut shares (8,314,766 → 6,494,719) but still shows a higher reported value ($862.74M → $1.79B) — share cuts and dollar increases can sit in the same row when the filing-period price jumps.
Largest Q2 2026 ENTERED names by reported value include: Situational Awareness LP ($1.23B), LONE PINE CAPITAL LLC ($1.18B), NORGES BANK ($803.98M), Jupiter Topco LLC ($714.20M), HEALTHCARE OF ONTARIO PENSION P… ($546.44M).
Largest EXITED names by prior reported value include: Capital Research Global Investo… (prior $348.42M), JANUS HENDERSON GROUP PLC (prior $334.26M), Amundi (prior $139.45M), Two Seas Capital LP (prior $20.39M), Valliance Asset Management Ltd (prior $17.75M).
Top QoQ activity rows (by |Δ value|)
Showing 50 of 1,130 QoQ manager rows — sorted by absolute change in reported value.
| Manager | Status | Shares Q1 | Shares Q2 | Value Q1 | Value Q2 | Δ Value | SEC |
|---|---|---|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC | INCREASED | 3,084,095 | 9,799,741 | $320.01M | $2.71B | $2.39B | SEC |
| BlackRock, Inc. | INCREASED | 9,937,586 | 11,531,270 | $1.03B | $3.18B | $2.15B | SEC |
| Invesco Ltd. | INCREASED | 1,764,360 | 6,943,270 | $183.07M | $1.92B | $1.73B | SEC |
| BANK OF AMERICA CORP /DE/ | INCREASED | 1,498,631 | 6,138,513 | $155.50M | $1.70B | $1.54B | SEC |
| Situational Awareness LP | ENTERED | — | 4,464,260 | — | $1.23B | $1.23B | SEC |
| LONE PINE CAPITAL LLC | ENTERED | — | 4,258,008 | — | $1.18B | $1.18B | SEC |
| UBS Group AG | INCREASED | 3,119,738 | 5,244,785 | $323.70M | $1.45B | $1.12B | SEC |
| Value Aligned Research Advisors, LLC | INCREASED | 5,813,450 | 6,104,121 | $603.20M | $1.69B | $1.08B | SEC |
| Orbis Allan Gray Ltd | DECREASED | 8,314,766 | 6,494,719 | $862.74M | $1.79B | $930.91M | SEC |
| JENNISON ASSOCIATES LLC | INCREASED | 1,700,223 | 3,983,899 | $176.42M | $1.10B | $923.82M | SEC |
| JPMORGAN CHASE & CO | INCREASED | 1,458,636 | 3,995,496 | $134.57M | $1.04B | $908.85M | SEC |
| NORGES BANK | ENTERED | — | 2,911,196 | — | $803.98M | $803.98M | SEC |
| STATE STREET CORP | INCREASED | 3,501,460 | 4,069,875 | $363.31M | $1.12B | $760.67M | SEC |
| Jupiter Topco LLC | ENTERED | — | 2,586,119 | — | $714.20M | $714.20M | SEC |
| Clear Street Group Inc. | INCREASED | 3,058,590 | 3,618,657 | $317.36M | $999.36M | $682.01M | SEC |
| MORGAN STANLEY | INCREASED | 3,665,034 | 3,758,312 | $380.28M | $1.04B | $657.65M | SEC |
| FRED ALGER MANAGEMENT, LLC | DECREASED | 9,599,306 | 5,726,557 | $996.02M | $1.58B | $585.48M | SEC |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | ENTERED | — | 1,978,639 | — | $546.44M | $546.44M | SEC |
| Accel Leaders 4 Associates L.P. | DECREASED | 4,580,952 | 3,664,762 | $475.32M | $1.01B | $536.78M | SEC |
| Accel Leaders 3 Associates L.P. | UNCHANGED | 2,251,905 | 2,251,905 | $233.66M | $621.91M | $388.25M | SEC |
| GEODE CAPITAL MANAGEMENT, LLC | INCREASED | 2,090,589 | 2,114,212 | $215.03M | $578.71M | $363.67M | SEC |
| Rovida Investment Management Ltd | INCREASED | 1,893,647 | 1,996,147 | $196.33M | $550.94M | $354.60M | SEC |
| Capital Research Global Investors | EXITED | 3,359,169 | — | $348.42M | — | -$348.42M | SEC |
| JANUS HENDERSON GROUP PLC | EXITED | 3,221,553 | — | $334.26M | — | -$334.26M | SEC |
| Holocene Advisors, LP | ENTERED | — | 1,203,154 | — | $332.28M | $332.28M | SEC |
| California Public Employees Retirement System | INCREASED | 240,388 | 1,231,662 | $24.94M | $340.15M | $315.21M | SEC |
| Anatole Investment Management Ltd | ENTERED | — | 1,093,920 | — | $302.11M | $302.11M | SEC |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | ENTERED | — | 1,073,592 | — | $296.49M | $296.49M | SEC |
| CITIGROUP INC | INCREASED | 174,732 | 1,039,920 | $18.13M | $287.19M | $269.06M | SEC |
| NORTHERN TRUST CORP | INCREASED | 1,023,147 | 1,204,040 | $106.16M | $332.52M | $226.36M | SEC |
| NVIDIA CORP | UNCHANGED | 1,190,476 | 1,190,476 | $123.52M | $328.77M | $205.25M | SEC |
| Legal & General Group Plc | INCREASED | 1,187,682 | 1,189,276 | $123.23M | $328.44M | $205.21M | SEC |
| FMR LLC | INCREASED | 1,184 | 686,080 | $122,829 | $189.47M | $189.35M | SEC |
| FIRST TRUST ADVISORS LP | INCREASED | 53,748 | 696,799 | $5.58M | $192.43M | $186.86M | SEC |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | DECREASED | 1,551,669 | 136 | $161.00M | $37,559 | -$160.96M | SEC |
| DEUTSCHE BANK AG\ | INCREASED | 614,799 | 811,687 | $63.79M | $224.16M | $160.37M | SEC |
| BARCLAYS PLC | INCREASED | 231,928 | 659,157 | $24.06M | $182.04M | $157.97M | SEC |
| WELLS FARGO & COMPANY/MN | INCREASED | 189,733 | 629,046 | $19.69M | $173.72M | $154.04M | SEC |
| GILDER GAGNON HOWE & CO LLC | DECREASED | 951,093 | 870,776 | $98.69M | $240.48M | $141.80M | SEC |
| Marex Group Ltd | INCREASED | 713,063 | 775,567 | $73.99M | $214.19M | $140.20M | SEC |
| BNP PARIBAS FINANCIAL MARKETS | INCREASED | 100,779 | 542,820 | $10.46M | $149.91M | $139.45M | SEC |
| Amundi | EXITED | 1,343,954 | — | $139.45M | — | -$139.45M | SEC |
| JANE STREET GROUP, LLC | DECREASED | 1,451,981 | 46,809 | $150.66M | $12.93M | -$137.73M | SEC |
| BANK OF MONTREAL /CAN/ | INCREASED | 173,636 | 527,618 | $18.02M | $145.71M | $127.70M | SEC |
| TWO SIGMA INVESTMENTS, LP | DECREASED | 2,795,083 | 1,504,937 | $290.02M | $415.62M | $125.60M | SEC |
| CITADEL ADVISORS LLC | INCREASED | 456,668 | 581,703 | $47.38M | $160.65M | $113.27M | SEC |
| Swiss National Bank | DECREASED | 739,190 | 685,590 | $76.70M | $189.34M | $112.64M | SEC |
| WCM INVESTMENT MANAGEMENT, LLC | INCREASED | 595,840 | 633,765 | $54.97M | $165.51M | $110.54M | SEC |
| Analog Century Management LP | ENTERED | — | 356,181 | — | $98.37M | $98.37M | SEC |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | INCREASED | 280,000 | 449,416 | $29.05M | $124.12M | $95.06M | SEC |
Company AI overview — Nebius Group N.V.
Nebius Group N.V. is a Netherlands-headquartered AI infrastructure company. Class A ordinary shares trade on NASDAQ as NBIS (note the ticker spelling: NBIS, not “NBIUS”). Company materials place HQ in Amsterdam, with R&D and commercial hubs in Europe, the US, and Israel (nebius.com).
Short history. Nebius is the post-rebrand continuation of the Dutch-listed entity formerly known as Yandex N.V. After restructuring and a NASDAQ resume, the group positions itself as a European-rooted AI cloud / GPU-infrastructure platform under CEO Arkady Volozh. Related businesses disclosed in public materials have included Avride and TripleTen, plus other stakes — always check the latest annual report for the current perimeter.
Business model & revenue streams. Core pitch: full-stack AI cloud — large GPU clusters, storage, managed services, and developer tooling for training and inference. Customers highlighted on the company site include startups and enterprises building agents and production AI. Monetization is infrastructure / cloud consumption rather than consumer ads.
Competition. Hyperscale clouds (AWS, Azure, GCP), other GPU-cloud specialists, and on-prem / colo GPU landlords. Nebius leans on “AI-native” hardware (non-virtualized GPUs, InfiniBand) and white-glove support as differentiators — still a capital-heavy, competitive lane.
Moat (humble take). Cluster availability, networking performance, and engineering support can create switching costs once workloads are live. Capex, chip supply, and price competition from giants remain real risks.
Challenges & opportunities. Challenges: funding and building capacity ahead of demand, utilization risk, and execution across regions. Opportunities: AI training/inference demand, European / UK capacity expansions (company has disclosed large UK NVIDIA-powered deployments), and platform add-ons for agentic / enterprise AI.
Recent update (company). In June 2026, Nebius announced roughly £1.7B of UK capacity investment with new NVIDIA infrastructure deployments and continued hiring around its London hub (company newsroom). For financial statements and risk factors, use SEC filings for Nebius Group N.V. and the IR section on nebius.com; the TradingView financials widget above is a convenient snapshot, not a substitute for the filing.
Q2 2026 accession sample (largest holders)
SEC index links for accessions tied to the largest Q2 2026 reported positions. Filing dates live on each EDGAR index page.
| Accession | Manager | CIK | Type |
|---|---|---|---|
| 0002012383-26-003238 | BlackRock, Inc. | 2012383 | 13F-HR |
| 0000886982-26-000519 | GOLDMAN SACHS GROUP INC | 886982 | 13F-HR |
| 0000914208-26-000343 | Invesco Ltd. | 914208 | 13F-HR |
| 0001663865-26-000004 | Orbis Allan Gray Ltd | 1663865 | 13F-HR |
| 0000070858-26-000442 | BANK OF AMERICA CORP /DE/ | 70858 | 13F-HR |
| 0001963565-26-000005 | Value Aligned Research Advisors, LLC | 1963565 | 13F-HR |
| 0001193125-26-352250 | FRED ALGER MANAGEMENT, LLC | 3520 | 13F-HR |
| 0001610520-26-000103 | UBS Group AG | 1610520 | 13F-HR |
| 0000935836-26-000418 | Situational Awareness LP | 2045724 | 13F-HR |
| 0000919574-26-005485 | LONE PINE CAPITAL LLC | 1061165 | 13F-HR |
| 0000093751-26-000507 | STATE STREET CORP | 93751 | 13F-HR |
| 0000053417-26-000052 | JENNISON ASSOCIATES LLC | 53417 | 13F-HR |
| 0000019617-26-000325 | JPMORGAN CHASE & CO | 19617 | 13F-HR |
| 0000895421-26-000243 | MORGAN STANLEY | 895421 | 13F-HR |
| 0001104659-26-094979 | Accel Leaders 4 Associates L.P. | 1923783 | 13F-HR |
Sources & provenance
- Company site: https://nebius.com/
- Investor relations: https://nebius.com/investor-relations
- About / overview: https://nebius.com/
- Form 13F holdings for period of report 2026-06-30 and 2026-03-31 — individual SEC accession index links in the tables above (EDGAR pattern
https://www.sec.gov/Archives/edgar/data/{cik_from_accession}/{accession_nodash}/{accession}-index.htm). - QuantyFight stock page: https://quantyfight.com/stocks/NBIS
- Market-cap context on this page ≈ $24.0B from holdings metadata (rounded).
More stock research
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