What smart money is saying about Nebius Group N.V.
5 funds in our archive have pitched Nebius Group N.V. — most recently Alger.com Focus Equity Fund in June 2026.
Nebius Group N.V. is a technology company dedicated to developing comprehensive infrastructure to serve the global artificial intelligence industry. Its operations encompass several key areas. Central to its mission is Nebius, an AI-focused cloud platform engineered to handle demanding AI workloads. This division constructs end-to-end AI infrastructure, featuring extensive GPU computing clusters, robust cloud platforms, and essential tools and services for developers. The group also includes Toloka AI, which functions as a data solutions provider, assisting with various phases of generative AI development. TripleTen operates as an educational technology venture, focused on equipping individuals with new skills for careers in the tech sector. Furthermore, Avride specializes in pioneering autonomous driving technologies for self-driving vehicles and delivery robots. Founded in 1989, the company was previously known as Yandex N.V. until its rebranding to Nebius Group N.V. in August 2024. Its headquarters are located in Amsterdam, the Netherlands, with additional research and development facilities spread across Europe, North America, and Israel.
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Position history
Between Q4 2025 and Q2 2026, 7 fund letters reported a position in Nebius Group N.V. — 4 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 6 | 4 | 0 | 2 |
| Q1 2026 | 1 | 0 | 0 | 1 |
| Q4 2025 | 0 | 0 | 0 | 2 |
Fund activity · 7 positions · 4 moves
- HoldsAlger.com Alger Small Cap Focus FundJune 2026
“Nebius Group, Credo Technology Group, and Guardant Health, Inc. were among the top contributors to performance.”
Read the letterNebius Group N.V. - AddedRoyal London AM US Equity Fund (IRL)June 2026
“We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings.”
Read the letterNebius Group N.V. - HoldsAlger.com Focus Equity FundJune 2026
“Shares contributed positively to performance after the company reported better-than-expected revenues, driven by surging demand for AI computing power.”
Read the letterNebius Group N.V. - AddedRoyal London AM Global Equity Diversified Fund (IRL)June 2026
“We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings.”
Read the letterNebius Group N.V. - AddedRoyal London AM Royal London US Equity TrustJune 2026
“We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings.”
Read the letterNebius Group N.V. - AddedRoyal London AM Global Equity Diversified FundJune 2026
“We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings.”
Read the letterNebius Group N.V. - HoldsAlger International Opportunities Fund IMarch 2026
“During the quarter, shares contributed positively to performance driven by several reinforcing catalysts.”
Read the letterNebius Group N.V.
Also mentioned · 4
These funds discuss Nebius Group N.V. — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedTroy Asset Management Global Equity StrategyJuly 2026
“The neoclouds – CoreWeave, Nebius, Crusoe, Lambda, and others – are highly indebted entities with aggressive expansion plans,”
Read the letterNebius Group N.V. - MentionedHotchkis & Wiley Large Cap Fundamental ValueJune 2026
“The big spenders are Alphabet, Amazon, Meta, Microsoft, Oracle, CoreWeave, Nebius, and SpaceX.”
Read the letterNebius Group N.V. - MentionedHotchkis & Wiley Value OpportunitiesJune 2026
“The big spenders are Alphabet, Amazon, Meta, Microsoft, Oracle, CoreWeave, Nebius, and SpaceX.”
Read the letterNebius Group N.V. - MentionedHotchkis & Wiley Large Cap Disciplined ValueJune 2026
“The big spenders are Alphabet, Amazon, Meta, Microsoft, Oracle, CoreWeave, Nebius, and SpaceX.”
Read the letterNebius Group N.V.
Fund coverage · 5 theses
- Alger.com Focus Equity FundJune 2026
Nebius Group provides GPU-accelerated AI cloud infrastructure with vertically integrated advantages and strong demand tailwinds.
Read the full thesis - Royal London AM Global Equity Transitions FundJune 2026
Nebius is an AI infrastructure and cloud company whose underappreciated full-stack platform is validated by large contracts and offers exposure to a very large market.
Read the full thesis - Baron Global Opportunity FundMarch 2026
Nebius is a founder-led neocloud building a vertically integrated AI cloud platform, de-risked by large bare-metal GPU contracts and valuable equity stakes, with significant market share potential.
Read the full thesis - Crossroads CapitalDecember 2025
Nebius Group is an AI-first cloud and infrastructure platform with multi-year hyperscaler contracts, secured multi-gigawatt power, and constructive financing that underpin undervalued long-term earnings potential.
Read the full thesis - Alger Spectra FundDecember 2025
Nebius Group N.V. is an AI-focused cloud infrastructure provider benefiting from strong GPU demand and long-term contracts despite sector volatility.
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