Discovery Capital Management’s Nebius Group N.V. NBIS Stock Holding History

Discovery Capital Management’s Portfolio NBIS Stock Details NBIS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-1,814,976	Closed	-$100M	–	106
2025 Q2	$100M	Sell	1,814,976 -326,100	-15%	-$11.2M	7.85%	1
2025 Q1	$45.2M	Buy	2,141,076 +193,100	+10%	+$6.35M	5.41%	6
2024 Q4	$54M	Buy	+1,947,976	New	+$47.5M	3.66%	7
2020 Q3	–	Sell	-376,711	Closed	-$18.8M	–	81
2020 Q2	$18.8M	Buy	376,711 +262,600	+230%	+$10.5M	3.42%	8
2020 Q1	$3.88M	Sell	114,111 -346,300	-75%	-$14.3M	1.07%	24
2019 Q4	$20M	Sell	460,411 -401,100	-47%	-$15M	6.36%	5
2019 Q3	$30.2M	Sell	861,511 -4,400	-0.5%	-$166K	5.05%	4
2019 Q2	$32.9M	Sell	865,911 -833,800	-49%	-$31M	3.14%	11
2019 Q1	$58.4M	Buy	1,699,711 +1,124,612	+196%	+$37.3M	6.08%	4
2018 Q4	$15.7M	Buy	+575,099	New	+$16.9M	1.31%	27
2018 Q3	–	Sell	-2,319,613	Closed	-$83.3M	–	69
2018 Q2	$83.3M	Buy	+2,319,613	New	+$80.8M	4.51%	8
2018 Q1	–	Sell	-1,099,321	Closed	-$36M	–	69
2017 Q4	$36M	Sell	1,099,321 -2,048,513	-65%	-$66.8M	1.11%	33
2017 Q3	$104M	Sell	3,147,834 -611,004	-16%	-$18.6M	2.47%	12
2017 Q2	$98.6M	Sell	3,758,838 -1,156,434	-24%	-$30.1M	2.39%	13
2017 Q1	$108M	Buy	4,915,272 +929,317	+23%	+$21.2M	2.01%	15
2016 Q4	$80.2M	Buy	3,985,955 +1,628,955	+69%	+$32M	1.35%	24
2016 Q3	$49.6M	Sell	2,357,000 -622,200	-21%	-$13.5M	1.05%	38
2016 Q2	$65.1M	Buy	2,979,200 +2,389,900	+406%	+$46.5M	1.49%	25
2016 Q1	$9.03M	Buy	+589,300	New	+$8.06M	0.13%	81
2015 Q4	–	Sell	-562,500	Closed	-$6.04M	–	130
2015 Q3	$6.04M	Sell	562,500 -485,500	-46%	-$6.34M	0.07%	101
2015 Q2	$16M	Buy	+1,048,000	New	+$19.1M	0.19%	75
2014 Q4	–	Sell	-689,000	Closed	-$19.2M	–	135
2014 Q3	$19.2M	Buy	+689,000	New	+$20.9M	0.22%	67
2014 Q1	–	Sell	-2,567,692	Closed	-$111M	–	162
2013 Q4	$111M	Buy	2,567,692 +223,000	+10%	+$8.67M	0.82%	35
2013 Q3	$85.4M	Sell	2,344,692 -300,000	-11%	-$9.85M	0.75%	42
2013 Q2	$73.1M	Buy	+2,644,692	New	+$67.2M	0.78%	44

Other funds holding NBIS

OAG

Orbis Allan Gray Hamilton, Bermuda $29.1B AUM 60.8% 1-Year Est. Return

FAM

Fred Alger Management New York $30B AUM 76.99% 1-Year Est. Return

JCAM

Jericho Capital Asset Management New York $12.1B AUM 109.57% 1-Year Est. Return

AL4A

Accel Leaders 4 Associates Palo Alto, California $1.01B AUM 399.13% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

Discovery Capital Management's NBIS Position: Q3 2025 in Review

Discovery Capital Management sold out of Nebius Group N.V. (NBIS) in Q3 2025, closing a stake of 1,814,976 shares — an estimated $100M sold.

Discovery Capital Management first reported a position in NBIS in Q2 2013 and held it in 25 quarters. The position peaked at $111M in Q4 2013. 572 funds tracked by Wall St. Rank hold NBIS as of Q3 2025.

Discovery Capital Management reported no remaining Nebius Group N.V. position as of Q3 2025 after selling out during the quarter.
Discovery Capital Management sold 1,814,976 Nebius Group N.V. shares in Q3 2025, an estimated $100M.
Discovery Capital Management first reported a position in Nebius Group N.V. in Q2 2013 and held it in 25 quarters.
Discovery Capital Management's Nebius Group N.V. position peaked at $111M in Q4 2013.
572 funds tracked by Wall St. Rank held Nebius Group N.V. as of Q3 2025.

Based on Discovery Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.