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NBIS

Nebius Group N.V.
NBIS

333 hedge funds and large institutions have $1.73B invested in Nebius Group N.V. in 2025 Q1 according to their latest regulatory filings, with 115 funds opening new positions, 93 increasing their positions, 73 reducing their positions, and 81 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 81

42% more call options, than puts

Call options by funds: $329M | Put options by funds: $232M

27% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 73

10% more funds holding

Funds holding: 303 → 333 (+30)

11.19% less ownership

Funds ownership: 52.19% → 40.99% (-11%)

27% less funds holding in top 10

Funds holding in top 10: 22 → 16 (-6)

39% less capital invested

Capital invested by funds: $2.82B → $1.73B (-$1.09B)

Holders
333
Holders Change
+30
Holders Change %
+9.9%
% of All Funds
4.47%
Holding in Top 10
16
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-27.27%
% of All Funds
0.21%
New
115
Increased
93
Reduced
73
Closed
81
Calls
$329M
Puts
$232M
Net Calls
+$96.8M
Net Calls Change
-$30.2M

Top Buyers

1
SPC
Slate Path Capital
New York
+$71M
2
VARA
Value Aligned Research Advisors
New Jersey
+$44.7M
3
Morgan Stanley
Morgan Stanley
New York
+$41.3M
4
Invesco
Invesco
Georgia
+$32.2M
5
Bank of America
Bank of America
North Carolina
+$27.9M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$326M
2
Norges Bank
Norges Bank
Norway
-$82.4M
3
FAM
Fred Alger Management
New York
-$78.8M
4
CM
Conifer Management
New York
-$59.2M
5
SC
Samlyn Capital
New York
-$58.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
101
First Trust Advisors
Illinois
$1.36M +$2.12M +64,338 New
PEAK6
102
PEAK6
Illinois
$1.34M +$2.09M +63,533 New
BWM
103
Bulltick Wealth Management
Florida
$1.34M +$1.47M +44,720 +238%
ZCI
104
Zevenbergen Capital Investments
Washington
$1.33M +$2.07M +63,050 New
GWM
105
Greenwich Wealth Management
Connecticut
$1.29M – – –
Cetera Investment Advisers
106
Cetera Investment Advisers
Illinois
$1.27M +$1.61M +48,981 +443%
SS
107
SBI Securities
Japan
$1.26M +$1.38M +42,009 +240%
Mirae Asset Global Investments
108
Mirae Asset Global Investments
South Korea
$1.25M +$74K +2,250 +4%
CBUSF
109
Construction & Building Unions Superannuation Fund
Australia
$1.24M -$554K -16,844 -22%
NRD
110
Nebula Research & Development
New York
$1.22M +$1.89M +57,570 New
VVP
111
Venture Visionary Partners
Ohio
$1.21M +$1M +30,479 +114%
CLOS
112
Compagnie Lombard Odier SCmA
Switzerland
$1.2M – – –
Wolverine Trading
113
Wolverine Trading
Illinois
$1.14M +$561K +17,054 +50%
FLC
114
Fifth Lane Capital
Texas
$1.11M +$717K +21,800 +71%
HSA
115
Hussman Strategic Advisors
Maryland
$1.11M +$1.04M +31,500 +150%
M
116
Murchinson
Ontario, Canada
$1.06M -$658K -20,000 -29%
MAMNY
117
Marathon Asset Management (New York)
New York
$1.06M +$1.64M +50,000 New
USPCM
118
Union Square Park Capital Management
New York
$1.06M +$1.64M +50,000 New
Wells Fargo
119
Wells Fargo
California
$1.02M +$676K +20,538 +74%
MIC
120
Maxi Investments CY
Cyprus
$1M +$1.56M +47,400 New
State Street
121
State Street
Massachusetts
$949K – – –
Vontobel Holding
122
Vontobel Holding
Switzerland
$937K +$1.19M +36,035 +432%
WAM
123
Weiss Asset Management
Massachusetts
$931K +$1.45M +44,117 New
URS
124
Utah Retirement Systems
Utah
$870K – – –
SRL
125
Scientech Research LLC
New Jersey
$869K +$1.35M +41,172 New
3 4
5
6 7

NBIS Hedge Fund Activity: Q1 2025 in Review

333 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Nebius Group N.V. (NBIS) for Q1 2025, worth a combined $1.73B — down 39% from $2.82B a quarter earlier.

Buyers outnumbered sellers: 115 funds opened new NBIS positions and 81 closed out — a net gain of 34 holders — while 93 added to existing stakes and 73 trimmed.

The largest buyer was Slate Path Capital, adding an estimated $71M. The largest seller was Fidelity Investments, cutting an estimated $326M.

  • 333 institutional investors held Nebius Group N.V. (NBIS) as of Q1 2025, up from 303 in Q4 2024.
  • Funds reported $1.73B of Nebius Group N.V. stock for Q1 2025, down 39% quarter-over-quarter.
  • 115 funds opened new Nebius Group N.V. positions in Q1 2025 and 81 closed out, a net change of +34 holders.
  • The largest Nebius Group N.V. buyer in Q1 2025 was Slate Path Capital, an estimated $71M added.
  • The largest Nebius Group N.V. seller in Q1 2025 was Fidelity Investments, an estimated $326M sold.

Based on aggregated 13F filings for Q1 2025.