SCHEDULE: Orbis, Allan Gray Disclose 8.7% Stake in Nebius Group

Orbis Investment Management Limited and Allan Gray Australia Pty Ltd have jointly disclosed an aggregate 8.7% beneficial ownership in Nebius Group N.V.'s Class A Common Stock.

Summary

• Orbis Investment Management Limited and Allan Gray Australia Pty Ltd, both financial institutions, have filed an Amendment No. 2 to Schedule 13G regarding their holdings in Nebius Group N.V.
• They collectively beneficially own 17,651,930 shares of Nebius Group N.V.'s Class A Common Stock.
• This aggregate ownership represents 8.7% of the Class A Common Stock.
• Orbis Investment Management Limited holds 17,639,554 shares, exercising sole voting and sole dispositive power over these shares.
• Allan Gray Australia Pty Ltd holds 12,376 shares, exercising sole voting and sole dispositive power over these shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• The reporting persons explicitly state they are not acting as a 'group' for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934 and disclaim beneficial ownership of each other's shares.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by institutional investors and does not contain inherently positive or negative operational or financial news. It simply reports a significant, passive stake.

Future Outlook

NA

Industry Context

This filing is a standard disclosure by institutional investors who acquire more than 5% of a company's voting securities, indicating a significant, but passive, investment. It reflects a common practice for large asset managers to report their holdings in publicly traded companies.

Stakeholder Impact

• Shareholders: Disclosure of significant institutional ownership provides transparency regarding the investor base.
• Investment Professionals: Provides data on major institutional holdings for market analysis.

Key Dates

Keywords

Nebius Group N.V., Class A Common Stock, Orbis Investment Management Limited, Allan Gray Australia Pty Ltd, Schedule 13G, Beneficial Ownership, Institutional Investor, SEC Filing, Equity Stake