NBIS Archives

NBIS

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q4	Feb 26, 2026	Crossroads Capital	2.7%	37.7%	ASTS, FTAI, NBIS, NTDOY	Aerospace MRO, AI Infrastructure, Data centers, Platform IP, Satellite Communications	The portfolio is anchored in AI infrastructure platforms with multi-year hyperscaler contracts, secured power capacity, and accelerating inference demand, positioning the Fund to benefit from sustained data center buildouts and next-generation GPU deployments. Direct-to-device satellite communications represent a structural shift in global connectivity, as large-scale LEO constellations move from R&D to commercial scale supported by telecom, government, and defense contracts. Aviation MRO and platform-based IP monetization further enhance cash flow durability, reflecting a strategy focused on scalable, asset-backed franchises with long growth runways and identifiable catalysts.	FTAI NBIS ASTS NTDOY	View
2024 Q3	Dec 31, 2024	Adestella Investment Management	1.4%	9.3%	EVO SS, NBIS	-			View
2025 Q3	Oct 14, 2025	Alger Spectra Fund	16.0%	31.0%	APP, ISRG, JHX, NBIS, NFLX, NVDA	Advertising, Artificial Intelligence, Cloud, healthcare, Streaming	The Spectra Fund outperformed on strong AI exposure through Nvidia and Nebius, both central to global compute infrastructure. AppLovins AI-driven ad platform reinforced the dominance of machine learning in monetization models. Despite near-term weakness in Netflix and healthcare names, the fund sees AI integration across sectors as a durable growth driver.	NVDA APP	View
2025 Q3	Oct 14, 2025	Alger Small Cap Focus Fund	8.6%	3.2%	NBIS, PTLO, TLN, TPC, WING	Artificial Intelligence, Cloud, Construction, Data centers, infrastructure	The funds performance was supported by exposure to AI infrastructure through Nebius and Talen Energy, reflecting rising enterprise demand for GPU capacity and energy-intensive data centers. Construction firms such as Tutor Perini also benefited from increased infrastructure spending and fiscal incentives. The strategy favors innovation-driven small caps positioned at the intersection of AI and real economy transformation.	TPC	View
2025 Q4	Jan 28, 2026	Rodrigo Benedetti	0.0%	0.0%	ARKK, CLS, KITS.TO, MSFT, NBIS, ORCL, QQQ, QURE, REGN, SLNO, SPY, STRL, TEVA, TGEN, TSSI, TWST, VRT, XOP	AI, Biotechnology, commodities, Fintech, gold, healthcare, oil	Manager observes precious metals experiencing massive bubble-like moves with gold and silver going through blow-off tops. Believes there is no fundamental reason for this rally and compares moves to the 1970s when US abandoned gold standard. AI companies, particularly neoclouds, corrected 50% but are showing signs of life again. Manager previously shorted low quality AI names trading on high multiples but closed positions when momentum couldn't be fought. Oil equities have diverged from oil prices with E&P, OFS and Majors underperforming. Manager notes well-supplied market and Chinese demand reduction while they add to strategic reserves. Mixed results in biotech with FDA walking back QURE approval after mixed data causing roundtrip of profits. Healthcare sector performed well with TEVA and REGN benefiting from immunity to tariffs and AI disruption. Excited about Figure Technologies at crossroads of blockchain and electronic HELOC securitization. Company provides bridge for stablecoin yield investment and operates marketplace for on-chain loan investment with fraud-resistant electronic system.	EMO CN KITS CN	View
2025 Q4	Jan 15, 2026	Alger Small Cap Focus Fund	3.6%	6.9%	ABT, EXAS, GH, NBIS, NTRA, QURE, STVN	AI, Biotechnology, Diagnostics, growth, healthcare, small cap, technology	The market's biggest tailwind was continued investment tied to artificial intelligence, though increasingly accompanied by scrutiny around AI infrastructure bottlenecks, sources of financing, and whether the AI theme could deliver returns commensurate with capital deployed. U.S. business spending appears to be accelerating, driven by burgeoning demand for AI infrastructure. Multiple portfolio holdings focus on cancer diagnostics and treatment, including molecular diagnostics companies specializing in liquid biopsy tests, colorectal cancer screening, and molecular residual disease testing. The oncology testing market shows strong momentum with favorable reimbursement dynamics and higher test volumes. Cloud computing is growing and supporting innovation, with corporations digitizing their operations. The fund holds positions in AI-focused cloud infrastructure providers operating GPU compute capacity, benefiting from accelerating AI adoption as demand for high-quality GPU compute continues to outstrip available supply. Portfolio includes biotechnology companies developing gene therapies for rare diseases like Huntington's disease, an area with no approved disease-modifying treatments. The sector faces regulatory uncertainty but shows encouraging efficacy signals in clinical trials.	STVN QURE NBIS NTRA GH EXAS	View
2025 Q4	Jan 15, 2026	Alger Spectra Fund	-1.2%	29.4%	CDTX, GOOGL, META, MRK, MSFT, NBIS, NTRA	AI, Biotechnology, Cloud, Communication, growth, healthcare, technology	AI remains at an inflection point with potential for significant productivity increases. However, the quarter saw increased scrutiny around AI infrastructure bottlenecks, financing sources, and whether returns can match capital deployed. Despite volatility, demand for AI infrastructure continues to outstrip supply. Cloud computing continues growing and supporting innovation. Microsoft Azure showed strong 39% year-over-year growth despite capacity constraints, with commercial bookings surging 111% and remaining performance obligations up 51%. Strong performance from specialty diagnostics and therapeutics companies. Natera showed strong earnings with higher test volumes and favorable reimbursement dynamics. Cidara Therapeutics was acquired by Merck for $9.2 billion based on its promising influenza prevention drug.	META MSFT NBIS CIDM NTRA GOOGL	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Feb 27, 2026	Fund Letters	Ryan O'Connor	Nebius Group N.V.	Information Technology	Data Processing & Outsourced Services	Bull	NASDAQ	AI infrastructure, Capacity Buildout, Capital Markets Access, cloud platform, contracted power, hyperscaler contracts, Inference Demand, Utilization Ramp	View Pitch
Feb 18, 2026	Seeking Alpha	Seeking Alpha	Nebius Group	Technology	Cloud Computing	Neutral		AI ecosystem, AI infrastructure, Cloud computing, GPU capacity, market volatility, Nebius, neocloud, Revenue visibility, Technology investment, U.S. expansion	View Pitch
Feb 17, 2026	Seeking Alpha	Seeking Alpha	Nebius Group N.V.	Technology	Cloud Computing	Bear	NASDAQ Stock Market	AI compute demand, Annual Recurring Revenue, capital expenditures, component cost pressures, Free Cash Flow, internal control risks, market share gains, operating losses, sustainable returns, Valuation premium	View Pitch
Feb 4, 2026	Twitter / X	@AtlasCapitalxx	Nebius Group	Software & Services	Data Processing & Outsourced Services	Bull	NASDAQ	AICloud, AIInfrastructure, backlog, CloudInfrastructure, datacenters, GPUCompute, hyperscalers, NVIDIA, PowerInfrastructure	View Pitch
Feb 4, 2026	Twitter / X	@retail_mourinho	Nebius Group N.V.	IT Services	Internet Services & Infrastructure	Bull	NASDAQ	AI, Capacity, cloud, Compute, datacenters, Europe, GPUs, hyperscalers, META, Microsoft	View Pitch
Feb 4, 2026	Twitter / X	@aleabitoreddit	Nebius Group N.V.	-		Bull	NASDAQ	ClickHouse, Colocation, Convertibles, datacenters, Dilution, Electricity, Finland, hyperscalers, Neoclouds, Photonics, robotaxis	View Pitch
Feb 4, 2026	Twitter / X	@AwareWealth	Nebius Group N.V.	-		Bull	NASDAQ	AI, ClickHouse, cloud, Cooling, data centers, Finland, GPUs, META, Microsoft, NVIDIA, robotics	View Pitch
Jan 27, 2026	Fund Letters	Amy Zhang	Nebius Group N.V.	Information Technology	IT Services & Cloud Infrastructure	Bull	NASDAQ	AI, cloud, datacenters, GPUs, infrastructure	View Pitch
Jan 27, 2026	Fund Letters	Ankur Crawford	Nebius Group N.V.	Information Technology	IT Services & Cloud Infrastructure	Bull	NASDAQ	AI, cloud, datacenters, GPUs, infrastructure	View Pitch
Jan 23, 2026	Twitter / X	@jaysyoon	Nebius Group NV	Information Technology	Internet Content & Information.	Bull	NASDAQ	Aviation, Deal, Iren, Load, MSFT, Nbis, Nbis Deal, Nscale	View Pitch
Jan 22, 2026	Twitter / X	@InvestingVisual	Nebius Group N.V.	Information Technology	Interactive Media & Services	Bull	NASDAQ	Capital Raise, Inflection Point, Microsoft, Nbis, Nebius, Photonics, Sustained Triple Digit, Triple Digit	View Pitch
Jan 13, 2026	Seeking Alpha	Seeking Alpha	Nebius Group N.V.	Technology	Cloud Computing	Bull	NASDAQ Stock Market	AI sector, Cloud computing, financial management, long-term growth, Market Resilience, Nebius Group N.V., neocloud operators, operating leverage, software-first approach, vertical integration	View Pitch
Jan 8, 2026	Fund Letters	Ryan O'Connor	Nebius Group	Information Technology	Data Processing & Outsourced Services	Bull	Frankfurt Stock Exchange (Deutsche Börse)	AI, Contracts, hyperscale, infrastructure, Power	View Pitch
Jan 8, 2026	Seeking Alpha	Seeking Alpha	Nebius Group N.V.	Technology	Cloud Computing	Bull	NASDAQ Stock Market	AI accelerator, Cloud computing, Enterprise AI, hyperscaler, inference workloads, institutional investment, Meta deal, Microsoft deal, Nebius Group N.V., Vera Rubin	View Pitch
Nov 29, 2025	Fund Letters	HenryInvests	Nebius Holdings Ltd.	Communication Services	Cloud Computing	Bull		AI, cloud, growth, hyperscaler, infrastructure, Scalability	View Pitch
Nov 29, 2025	Fund Letters	Sean Reynolds	Nebius Group	Communication Services	Cloud Computing	Bull	NYSE	AI, cloud, Convertibles, Data, growth, infrastructure, machine learning	View Pitch
Nov 28, 2025	Fund Letters	Sean Reynolds	Nebius Group	Communication Services	Cloud Computing	Bull	NYSE	AI, cloud, Convertibles, Data, growth, infrastructure, machine learning	View Pitch
Oct 27, 2025	Seeking Alpha	Seeking Alpha	Nebius Group N.V.		Internet Content & Information	Bull		AI adoption, AI infrastructure, cloud solutions, global presence, GPU computing, growth trajectory, Microsoft partnership, Nebius, revenue anchor, technology validation	View Pitch
Oct 27, 2025	Seeking Alpha	Seeking Alpha	Nebius Group N.V.		Internet Content & Information	Bull		AI adoption, AI infrastructure, cloud-based solutions, data centers, GPU computing, market growth, Microsoft partnership, Nebius, NVIDIA technology, technology validation	View Pitch
Aug 13, 2025	Seeking Alpha	Fit Investment Ideas	Nebius Group N.V.	Communication Services	Internet Content & Information	Bull	NASDAQ	—	View Pitch
Aug 13, 2025	Seeking Alpha	Analysis Fundamental	Nebius Group	Communication Services	Internet Content & Information	Neutral	NASDAQ	—	View Pitch
Aug 13, 2025	Seeking Alpha	Oakoff Investments	Nebius Group N.V.	Communication Services	Internet Content & Information	Bull	NASDAQ	—	View Pitch
Aug 8, 2025	Seeking Alpha	Oliver Rodzianko	Nebius	Other	-	Bull	NASDAQ	—	View Pitch
Aug 8, 2025	Seeking Alpha	Quad 7 Capital	Nebius Group N.V.	Communication Services	Internet Content & Information	Bull	NASDAQ	—	View Pitch
Aug 8, 2025	Seeking Alpha	Michael Wiggins De Oliveira	Nebius Group N.V.	Communication Services	Internet Content & Information	Neutral	NASDAQ	—	View Pitch
Aug 8, 2025	Seeking Alpha	JR Research	Nebius Group N.V.	Other	-	Bear	NASDAQ	—	View Pitch
Aug 8, 2025	Seeking Alpha	Danil Sereda	Nebius Group	Communication Services	Internet Content & Information	Neutral	NASDAQ	—	View Pitch
Aug 8, 2025	Seeking Alpha	Louis Stevens	Nebius Group N.V.	Communication Services	Internet Content & Information	Bull	NASDAQ	—	View Pitch
Aug 7, 2025	Seeking Alpha	RI Research	Nebius	Communication Services	Internet Content & Information	Bear	NASDAQ	—	View Pitch
Aug 7, 2025	Seeking Alpha	Gil Rotstein	Nebius	Communication Services	Internet Content & Information	Bull	NASDAQ	—	View Pitch

BSD Shareholders of NBIS

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

Manager Name	Fund Name	Fund AUM	Invested Value	Portfolio Weight	Shares Owned	Shares Bought / Sold During Quarter	% Bought / Sold During Quarter	% of Shares Outstanding Owned
No investor data available.

NBIS

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Letters With This Ticker

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