Howland Capital Management 13F: Cuts Nebius (NBIS) Stake by $7.1M

Howland Capital Management reduced its stake in Nebius Group N.V. NBIS by 34.6%, cutting 29,900 shares during the quarter. According to a Form 13F filing with the SEC on October 22, 2026, the firm ended the period with 56,550 shares. The remaining position was valued at approximately $13.3 million at the end of the reporting period.

NBIS Nebius Group N.V.

$156.65 ▲ +74.15% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Howland Capital Management's Nebius Group Position

Howland Capital pared back its exposure to the technology firm by dropping its share count from 86,450 down to 56,550. The 34.6% reduction reflects a notable shift in the firm's portfolio strategy for the artificial infrastructure provider during the quarter.

Other Institutional Activity in Nebius Group

Other large institutional investors adjusted their holdings in the technology company around the same reporting period. Orbis Allan Gray Ltd reduced its stake by 1,820,118 shares, ending with 6,494,719 shares worth about $1.03 billion. Value Aligned Research Advisors, LLC grew its holdings by 290,672 shares, ending with 6,104,121 shares worth about $971.6 million. Fred Alger Management, LLC cut its position by 3,872,097 shares, finishing with 5,726,557 shares valued at roughly $911.5 million. Situational Awareness LP opened a new position by adding 2,232,130 shares, holding 4,464,260 shares worth about $710.6 million. Lone Pine Capital Llc also opened a new position by purchasing 2,129,004 shares, bringing its total to 4,258,008 shares valued at approximately $677.7 million.

Nebius Group N.V. Stock Down 7.3%

Nebius Group N.V. shares recently traded around $159.13 as of October 23, 2026. The stock closed at $159.17 on October 22, 2026. That price sits well below its 52-week high of $299.86 and above its 52-week low of $73.52. The company carries a market capitalization of roughly $46.6 billion.

Recent Earnings

Nebius Group N.V. reported trailing-twelve-month revenue of $1.36 billion alongside earnings of $1.28 per share. The company posted a net profit margin of 3.1% and a return on equity of 0.6%. The next corporate earnings release is scheduled for November 10, 2026.

Insider Buying and Selling at Nebius Group N.V.

Insider activity at the firm included several transactions ahead of the filing. Officer Marc Boroditsky sold 7,000 shares on October 12, 2026, at an average price of $211.23 for a total value of about $1.5 million. Director John Boynton sold 7,260 shares on October 15, 2026, valued at about $1.3 million. On the buying side, Director Arne Grimme purchased 148 shares at $169.99 on October 19, 2026, for a value of $25,159, and added another 299 shares on October 21, 2026, worth about $49,713.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On September 21, 2026, Rothschild & Co initiated coverage with a sell rating and an $84.00 price target. On September 24, 2026, BNP Paribas upgraded the stock to outperform and raised its target from $260.00 to $399.00. William Blair initiated an outperform rating on September 30, 2026. Rosenblatt initiated a buy rating with a $304.00 target on October 8, 2026. Piper Sandler maintained a neutral rating while lowering its target from $237.00 to $185.00 on October 21, 2026. Analysts hold a consensus buy rating on the company with a mean price target of $283.60 across 20 analyst opinions.

About Nebius Group

Nebius Group N.V. builds full-scale infrastructure to support the global artificial intelligence industry. The Schiphol, Netherlands-based company develops large-scale GPU clusters, cloud platforms, and specialized tools and services for software and AI developers across the United States, the United Kingdom, and international markets. Institutional adjustments in the stock follow rapid technological scaling and surging sector demand.

Bottom Line

Investors will look to Nebius Group's upcoming earnings report on November 10, 2026, for further financial updates on its infrastructure growth. Future regulatory filings will reveal how institutional sentiment continues to evolve around the company.