Question 1

Does Caption Management own NBIS stock?

Accepted Answer

No. Caption Management exited its NBIS (Nebius Group) position in Q1 2026. Its Q4 2025 13F listed 85,500 shares worth $7.2M.

Question 2

How many shares of NBIS does Caption Management own?

Accepted Answer

None since Q1 2026, when Caption Management exited the position. Its Q4 2025 13F listed 85,500 shares worth $7.2M.

Question 3

What is Caption Management's NBIS position worth?

Accepted Answer

Caption Management's NBIS position was worth $7.2M in its Q4 2025 13F, before the exit in Q1 2026.

Question 4

Is Caption Management buying or selling NBIS?

Accepted Answer

In Q1 2026, Caption Management exited its entire NBIS position.

Question 5

When did Caption Management first buy NBIS?

Accepted Answer

Caption Management already held NBIS in its Q1 2019 13F, the earliest on record, and listed it in 18 quarterly 13F filings.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2026-Q1 Latest	Exited	0	-100.0%	$0	0.0%	$103.76	0
2025-Q4	Increased	85,500	+95.3%	$7.2M	0.0%	$83.71	44
2025-Q3	Increased	43,784	+69.7%	$4.9M	0.0%	$110.22	40
2025-Q2	New	25,800	—	$1.4M	0.0%	$55.33	35
2025-Q1	Exited	0	-100.0%	$0	0.0%	$21.11	0
2024-Q4	Increased	42,000	+3555.3%	$1.2M	0.0%	$27.70	41
2024-Q3	Decreased	1,149	-39.1%	$21,762	0.0%	—	0