CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $3.1M to NBIS Stake

Cushing Asset Management boosted its stake in Nebius Group N.V. (NBIS) by adding 13,200 shares, raising its total to 44,500 shares. This change was disclosed in a filing on October 26, 2026. The total value of this position is approximately $10.5 million, reflecting a 42.2% increase in shares held since the last report.

NBIS Nebius Group N.V.

$153.27 ▲ +70.39% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Nebius Group Fits in Cushing Asset Management's Portfolio

Cushing Asset Management's position in Nebius Group now represents 0.74% of its overall portfolio, ranking 32nd among its 73 reported holdings.

Other Institutional Activity in Nebius Group

Gf Fund Management also increased its stake in Nebius Group, adding 169,897 shares for a total of 301,475 shares valued at about $71.1 million. Meanwhile, Orbis Allan Gray Ltd reduced its holdings by 1,820,118 shares, leaving it with 6,494,719 shares valued at $995.4 million. Situational Awareness LP saw a significant increase, adding 2,232,130 shares for a total of 4,464,260 shares worth $684.2 million.

Nebius Group N.V. Stock Down 3.7%

As of October 26, 2026, Nebius Group's stock closed at $153.27, which is below its 50-day moving average of $215.35 and its 200-day average of $176.16. The shares are also trading significantly below their 52-week high of $299.86, currently about 49% lower. Recently, the stock was trading around $152.87 as of October 27, 2026.

Recent Earnings

Nebius Group reported trailing twelve-month revenue of approximately $1.36 billion, with a year-over-year revenue growth of 454%. The company's next earnings report is scheduled for November 10, 2026.

Insider Buying and Selling at Nebius Group N.V.

Several insiders have made trades recently. Officer Marc Boroditsky sold 7,000 shares on October 12, 2026, valued at about $1.5 million. Director John Boynton sold 7,260 shares on October 15, 2026, totaling approximately $1.3 million. Director Arne Grimme made two purchases, buying 148 shares for $25,159 on October 19, 2026, and 299 shares worth about $49,713 on October 21, 2026.

Analysts Set New Price Targets

Analysts have mixed views on Nebius Group. On September 21, 2026, Rothschild & Co initiated coverage with a 'Sell' rating and a target price of $84. On September 24, 2026, BNP Paribas upgraded its rating to 'Outperform' with a target of $399, up from $260. The consensus recommendation for Nebius is a 'Buy' with a mean target price of $281 based on 20 analyst opinions.

About Nebius Group

Nebius Group N.V., headquartered in Schiphol, Netherlands, is a technology company focused on building infrastructure for the global AI industry. It offers services like large-scale GPU clusters and cloud platforms, catering to developers worldwide.

Bottom Line

Investors will be watching Nebius Group closely as it approaches its next earnings report on November 10, 2026. Cushing Asset Management's recent position change reflects their belief in the company's growth potential amid a challenging stock environment. The full details of the filing can be found in the fund's latest Form 13F filing with the SEC here.