Fred Alger Management LLC reduced its Nebius Group N.V. (NBIS) stock holdings by 21.7%. The firm disclosed this in its latest Form 13F filing with the SEC.
It sold 2,194,376 shares. Fred Alger Management retains 7,937,903 shares.
This position accounts for 2.6% of its portfolio. It represents about 3.15% of Nebius Group.
The firm's fourth-quarter position is reported on June 17, 2026.
The sale represents a significant move by a large investor. However, 13F filings are backward-looking. The market may have already priced in this activity.
Other reports on June 17, 2026, noted new, smaller investments. These came from firms like Maytus Capital Management LLC. These also reflect historical fourth-quarter filings.