Free · no sign-up · Q2 2026

Which funds own NBIS

Nebius Group N.v. in the Q2 2026 filings. At least 9 of the 91 current managers on file reported a position, worth $5.0bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went the other way: 8 managers trimmed or sold out against 5 buying.

Managers holding: 9; at least, of 91 current
Combined value: $5.0bn; as reported
Opened: 4; new this quarter
Added to: 1; already held
Trimmed or sold out: 8; 4 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Invesco Ltd Long-only · $1264bn book	$1.9bn	0.2%	6,943,270	+$1.7bn+5,178,910	Added
Lone Pine Capital LLC Long/short equity · $16.4bn book	$1.2bn	7.2%	4,258,008	opened4,258,008	New
Janus Henderson Group Ltd Long-only · $245bn book	$714m	0.3%	2,586,119	+$380m-635,434	Trimmed
Two Sigma Investments LP Quantitative · $138bn book	$416m	0.3%	1,504,937	+$126m-1,290,146	Trimmed
Holocene Advisors LP Long/short equity · $44.4bn book	$332m	0.7%	1,203,154	opened1,203,154	New
Voloridge Investment Management LLC Quantitative · $23.5bn book	$297m	1.3%	1,073,592	opened1,073,592	New
Soros Fund Management LLC Macro · $8.1bn book	$86m	1.1%	310,000	opened310,000	New
Verition Fund Management LLC Multi-strategy · $19.7bn book	$26m	0.1%	94,499	+$5.2m-107,195	Trimmed
PDT Partners LLC Quantitative · $1.9bn book	$14m	0.8%	51,900	+$6.8m-20,700	Trimmed

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Capital Research Global Investors · Long-only$348m held before
ExodusPoint Capital Management LP · Multi-strategy$32m held before
Bridgewater Associates LP · Macro$16m held before
Brevan Howard Capital Management LP · Macro$10m held before

Ownership through time

At least 14 of the 95 managers whose filings are on file listed NBIS in Q2 2026, against 7 in Q2 2013. 3 managers more than in Q1 2026: 5 started positions; 3 listed it again; 4 sold out, by their own filings; 1 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Lone Pine Capital LLC$1.2bn
Holocene Advisors LP$332m
Voloridge Investment Management LLC$296m
Soros Fund Management LLC$86m
Baillie Gifford & Co$12k

Largest increases, by shares

Lone Pine Capital LLCnew: 4,258,008 shares+$1.2bn
Holocene Advisors LPnew: 1,203,154 shares+$332m
Voloridge Investment Management LLCnew: 1,073,592 shares+$296m
Soros Fund Management LLCnew: 310,000 shares+$86m
Baillie Gifford & Conew: 43 shares+$12k

Largest decreases, by shares

Two Sigma Investments LP2,795,083 to 1,504,937 shares-$356m
Janus Henderson Group Ltd3,221,553 to 2,586,119 shares-$175m
Point72 Asset Management LP373,881 to 180,000 shares-$54m
Woodline Partners LP265,013 to 127,522 shares-$38m
Verition Fund Management LLC201,694 to 94,499 shares-$30m

Left it

Capital Research Global Investorswas $348m
ExodusPoint Capital Management LPwas $21m
Bridgewater Associates LPwas $16m
Brevan Howard Capital Management LPwas $10m

Manager	First listed	Largest	Q2 2026
Invesco Ltd	Q3 2017	$2.4bn	$1.9bn
Lone Pine Capital LLC	Q1 2014	$1.2bn	$1.2bn
Janus Henderson Group Ltd	Q2 2013	$714m	$714m
Two Sigma Investments LP	Q4 2014	$416m	$416m
Holocene Advisors LP	Q3 2025	$332m	$332m
Voloridge Investment Management LLC	Q2 2016	$296m	$296m
Soros Fund Management LLC	Q3 2013	$86m	$86m
Point72 Asset Management LP	Q1 2015	$125m	$50m
Woodline Partners LP	Q1 2026	$35m	$35m
Verition Fund Management LLC	Q4 2017	$37m	$26m
Walleye Capital LLC	Q1 2022	$22m	$22m
PDT Partners LLC	Q1 2014	$14m	$14m
Schonfeld Strategic Advisors LLC	Q1 2018	$19m	$7.7m
Baillie Gifford & Co	Q1 2014	$578m	$12k
Capital Research Global Investors	Q4 2016	$1.7bn	last listed Q1 2026
Fidelity (FMR LLC)	Q3 2017	$1.1bn	last listed Q4 2021
Capital World Investors	Q4 2016	$733m	last listed Q4 2021
Wellington Management Group LLP	Q2 2013	$612m	last listed Q3 2021
Egerton Capital UK LLP	Q4 2019	$396m	last listed Q3 2021
Coatue Management LLC	Q2 2013	$305m	last listed Q4 2013
Arrowstreet Capital LP	Q4 2018	$287m	last listed Q1 2021
Millennium Management LLC	Q3 2015	$271m	last listed Q3 2025
Two Sigma Advisers LP	Q4 2014	$257m	last listed Q3 2025
T. Rowe Price Associates Inc	Q1 2014	$211m	last listed Q2 2019

Reported as options rather than shares

A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.

Susquehanna International Group LLP · calls$2.7bn notional
Susquehanna International Group LLP · puts$2.5bn notional
Jane Street Group LLC · puts$1.8bn notional
Jane Street Group LLC · calls$1.8bn notional
Citadel Advisors LLC · calls$1.5bn notional
Citadel Advisors LLC · puts$1.4bn notional
Millennium Management LLC · puts$658m notional
D. E. Shaw & Co. · calls$229m notional

What NBIS is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around NBIS →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

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