Situational Awareness discloses 5.6% stake in Nebius

The hedge fund Situational Awareness LP disclosed a passive stake of about 12.4 million Nebius Class A shares, or 5.6% of the class, in a Schedule 13G filing. The position did not appear in the fund's most recent 13F, which covered holdings as of March 31. A 5.6% passive holder is a sign of institutional conviction rather than a control event.

• Shares held: 12,410,060 Class A shares
• Stake: 5.6% of Class A shares
• Event date on the filing: May 19, 2026
• Position was not in the fund's 13F as of March 31