Crossroads Capital Investment’s Thesis for Nebius Group (NBIS) is Paying Off
Key takeaways
- The Fund increased by 4.2% net of fees and expenses during the quarter.
- In its first-quarter 2026 investor letter, Crossroads Capital highlighted Nebius Group N.V.
- Crossroads Capital stated the following regarding Nebius Group N.V.
Crossroads Capital Investment’s Thesis for Nebius Group (NBIS) is Paying Off Soumya Eswaran Mon, May 25, 2026 at 9:46 PM GMT+7 4 min read NBIS ^GSPC Crossroads Capital LLC, an investment management firm, published its first-quarter 2026 investor letter. You can download a copy here. The Fund increased by 4.2% net of fees and expenses during the quarter. Since its founding, the fund has compounded at a gross rate of 21.3% and a net rate of 17.1%. By the end of March 20206, the fund’s overall non-delta adjusted gross and net exposures were 114.1% and 73.3%, respectively. The letter noted that the stable market trends from 20205 were broken by geopolitical tensions linked to Trump’s increasingly unpredictable foreign policy, causing the S&P 500 to fall about 4.3%. Nonetheless, Q1’s fundamentals aligned with broader trends. Overall, the firm is pleased with its portfolio, maintaining its position as special situations begin to accelerate. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Crossroads Capital highlighted Nebius Group N.V. (NASDAQ:NBIS) as a notable contributor. Nebius Group N.V. (NASDAQ:NBIS) is a technology company that focuses on developing full-stack infrastructure to service the global AI industry. On May 22, 2026, Nebius Group N.V. (NASDAQ:NBIS) closed at $214.77 per share. One-month return of Nebius Group N.V. (NASDAQ:NBIS) was 48.16%, and its shares gained 456.54% over the past 52 weeks. Nebius Group N.V. (NASDAQ:NBIS) has a market capitalization of $54.53 billion.
Crossroads Capital stated the following regarding Nebius Group N.V. (NASDAQ:NBIS) in its Q1 2026 investor letter: