SCHEDULE: Orbis Investment Management Discloses 1.5% Stake in Nebius Group

Orbis Investment Management Limited has filed an amended Schedule 13G, reporting a 1.5% beneficial ownership stake in Nebius Group N.V.'s Class A Common Stock as of December 31, 2025.

Summary

• Orbis Investment Management Limited beneficially owns 3,335,358 shares of Nebius Group N.V. Class A Common Stock.
• This ownership represents 1.5% of the total Class A Common Stock outstanding.
• Orbis Investment Management Limited holds sole voting power and sole dispositive power over all 3,335,358 shares.
• The filing is an Amendment No. 4 to a Schedule 13G, indicating previous filings and a change in ownership.
• Orbis Investment Management Limited is a Bermuda-based entity and certifies that the securities were acquired and are held in the ordinary course of business, not for control purposes.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative development, as it indicates a reduction in a significant institutional investor's stake below the 5% threshold, which could be interpreted as a lack of conviction or reallocation of assets.

Negatives

• The reported 1.5% beneficial ownership is below the 5% threshold typically requiring a Schedule 13G filing, and as this is Amendment No. 4, it implies a reduction in Orbis Investment Management Limited's stake from a previous holding that was above 5%.

Future Outlook

NA

Management Comments

• Orbis Investment Management Limited certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that institutional ownership disclosures, such as Schedule 13G filings, provide transparency into significant investor positions. A reduction in a substantial institutional stake, as implied by this amendment reporting a sub-5% holding, can sometimes signal a shift in investor sentiment or portfolio reallocation within the broader investment management industry.

Stakeholder Impact

• Shareholders may perceive a reduction in institutional ownership as a negative indicator, potentially influencing market sentiment and the company's stock price.

Key Dates

Keywords

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