SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Nebula Research & Development LLC

CIK 0001792635 · 225 5TH AVE, 10L, NEW YORK, NY, 10010 · 6465471243

Reported Value
$1.2B
Q2 2025
Positions
935
Filings on Record
13
2019–present window
Filed
Aug 14, 2025
original filing

Summary

Nebula Research & Development LLC reported $1.2B in U.S.-listed holdings across 935 positions for Q2 2025.

Compared with Q1 2025, the fund opened 267 new positions and exited 257.

Portfolio Metrics

Turnover
+38.4%
vs prior filed quarter
Top-10 Concentration
+4.4%
share of reported value
Largest Position
+0.4%
Allstate
New / Exited
267 / 257
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’23: $57MQ1 ’23Q2 ’23: $132MQ3 ’23: $190MQ3 ’23Q4 ’23: $332MQ1 ’24: $464MQ1 ’24Q2 ’24: $618MQ3 ’24: $836MQ3 ’24Q4 ’24: $852MQ1 ’25: $1.1BQ1 ’25Q2 ’25: $1.2BQ3 ’25: $0Q3 ’25Q4 ’25: $0Q1 ’26: $0Q1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 94.0%REIT: 4.6%Other: 1.3%Tracking Stk: 0.0%
  • Common Stock · 94.0% · $1.1B
  • REIT · 4.6% · $54M
  • Other · 1.3% · $16M
  • Tracking Stk · 0.0% · $214,749

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LRNSTRIDE INCNEW+35.7K35.7K+$5M$5M
FDXFEDEX CORPNEW+21.3K21.3K+$5M$5M
NRGNRG ENERGY INCNEW+30.0K30.0K+$5M$5M
AALAMERICAN AIRLS GROUP INCNEW+428.8K428.8K+$5M$5M
QSRRESTAURANT BRANDS INTL INCNEW+69.8K69.8K+$5M$5M
LKQLKQ CORPNEW+115.5K115.5K+$4M$4M
FFORD MTR CONEW+388.4K388.4K+$4M$4M
BDXBECTON DICKINSON & CONEW+23.8K23.8K+$4M$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

500 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ALLALLSTATE CORPCOM0.45%$5M26.0K
2WMTWALMART INCCOM0.45%$5M53.5K
3WRBYWARBY PARKER INCCL A COM0.44%$5M238.4K
4HUBSHUBSPOT INCCOM0.44%$5M9.4K
5LOGILOGITECH INTL S ASHS0.44%$5M58.0K
6CMGCHIPOTLE MEXICAN GRILL INCCOM0.44%$5M93.0K
7GWWGRAINGER W W INCCOM0.44%$5M5.0K
8AMZNAMAZON COM INCCOM0.44%$5M23.8K
9MSFTMICROSOFT CORPCOM0.44%$5M10.5K
10OTISOTIS WORLDWIDE CORPCOM0.44%$5M52.4K
11LRNSTRIDE INCCOM0.44%$5M35.7K
12NVDANVIDIA CORPORATIONCOM0.44%$5M32.7K
13JEFJEFFERIES FINL GROUP INCCOM0.43%$5M92.3K
14CWHCAMPING WORLD HLDGS INCCL A0.43%$5M290.7K
15SHOPSHOPIFY INCCL A SUB VTG SHS0.42%$5M43.1K
16AGXARGAN INCCOM0.42%$5M22.5K
17PINSPINTEREST INCCL A0.42%$5M138.3K
18URBNURBAN OUTFITTERS INCCOM0.42%$5M68.2K
19SFMSPROUTS FMRS MKT INCCOM0.42%$5M29.6K
20FDXFEDEX CORPCOM0.41%$5M21.3K
21NRGNRG ENERGY INCCOM NEW0.41%$5M30.0K
22BIRKBIRKENSTOCK HOLDING PLCCOM SHS0.41%$5M97.8K
23AALAMERICAN AIRLS GROUP INCCOM0.41%$5M428.8K
24MLIMUELLER INDS INCCOM0.41%$5M60.2K
25ROKUROKU INCCOM CL A0.40%$5M53.6K
26METAMETA PLATFORMS INCCL A0.40%$5M6.3K
27ALKALASKA AIR GROUP INCCOM0.40%$5M94.3K
28QSRRESTAURANT BRANDS INTL INCCOM0.39%$5M69.8K
29ACNACCENTURE PLC IRELANDSHS CLASS A0.39%$5M15.5K
30WYNNWYNN RESORTS LTDCOM0.38%$4M47.5K
31CHHCHOICE HOTELS INTL INCCOM0.38%$4M35.0K
32AOSSMITH A O CORPCOM0.38%$4M67.5K
33CRMSALESFORCE INCCOM0.37%$4M16.0K
34CITHE CIGNA GROUPCOM0.37%$4M13.1K
35SEICSEI INVTS COCOM0.37%$4M48.0K
36LKQLKQ CORPCOM0.36%$4M115.5K
37DISDISNEY WALT COCOM0.36%$4M34.1K
38FFORD MTR COCOM0.36%$4M388.4K
39LINLINDE PLCSHS0.35%$4M8.8K
40BDXBECTON DICKINSON & COCOM0.35%$4M23.8K
41RBLXROBLOX CORPCL A0.35%$4M39.0K
42TEMTEMPUS AI INCCL A0.34%$4M63.6K
43VVISA INCCOM CL A0.34%$4M11.3K
44TTANSERVICETITAN INCSHS CL A0.34%$4M37.3K
45GOOGLALPHABET INCCAP STK CL A0.34%$4M22.5K
46NDAQNASDAQ INCCOM0.34%$4M44.3K
47PLNTPLANET FITNESS INCCL A0.34%$4M36.2K
48FHIFEDERATED HERMES INCCL B0.34%$4M88.8K
49HDHOME DEPOT INCCOM0.34%$4M10.7K
50UPSTUPSTART HLDGS INCCOM0.33%$4M60.7K
51TDGTRANSDIGM GROUP INCCOM0.33%$4M2.6K
52GVAGRANITE CONSTR INCCOM0.33%$4M41.7K
53MGYMAGNOLIA OIL & GAS CORPCL A0.33%$4M171.3K
54ABNBAIRBNB INCCOM CL A0.33%$4M29.1K
55RBRKRUBRIK INC.CL A0.32%$4M42.5K
56IDCCINTERDIGITAL INCCOM0.32%$4M16.9K
57ONTOONTO INNOVATION INCCOM0.31%$4M36.7K
58INSMINSMED INCCOM PAR $.010.31%$4M36.7K
59CALXCALIX INCCOM0.31%$4M68.8K
60AFRMAFFIRM HLDGS INCCOM CL A0.31%$4M52.9K
61INTUINTUITCOM0.31%$4M4.6K
62CNCCENTENE CORP DELCOM0.31%$4M67.2K
63MDTMEDTRONIC PLCSHS0.31%$4M41.6K
64AVGOBROADCOM INCCOM0.31%$4M13.1K
65AMEAMETEK INCCOM0.30%$4M19.7K
66ORIOLD REP INTL CORPCOM0.30%$4M91.4K
67KRMNKARMAN HLDGS INCCOMMON STOCK0.30%$3M69.3K
68RELYREMITLY GLOBAL INCCOM0.30%$3M185.4K
69BCPCBALCHEM CORPCOM0.29%$3M21.7K
70PGRPROGRESSIVE CORPCOM0.29%$3M12.9K
71ROLROLLINS INCCOM0.29%$3M60.3K
72GAPGAP INCCOM0.28%$3M153.0K
73LULULULULEMON ATHLETICA INCCOM0.28%$3M14.0K
74STESTERIS PLCSHS USD0.28%$3M13.8K
75UBSUBS GROUP AGSHS0.28%$3M98.2K
76AEMAGNICO EAGLE MINES LTDCOM0.28%$3M27.9K
77BROSDUTCH BROS INCCL A0.28%$3M47.5K
78CRCRANE COMPANYCOMMON STOCK0.27%$3M16.9K
79MAMASTERCARD INCORPORATEDCL A0.27%$3M5.7K
80FCFSFIRSTCASH HOLDINGS INCCOM0.27%$3M23.5K
81CVSCVS HEALTH CORPCOM0.27%$3M45.8K
82KSSKOHLS CORPCOM0.27%$3M371.1K
83STTSTATE STR CORPCOM0.27%$3M29.5K
84FIVEFIVE BELOW INCCOM0.26%$3M23.6K
85JNJJOHNSON & JOHNSONCOM0.26%$3M20.3K
86EXMOCEXXON MOBIL CORPCOM0.26%$3M28.3K
87VNOVORNADO RLTY TRSH BEN INT0.26%$3M79.5K
88EQREQUITY RESIDENTIALSH BEN INT0.26%$3M45.0K
89MSCIMSCI INCCOM0.26%$3M5.2K
90CMICUMMINS INCCOM0.26%$3M9.2K
91WHRWHIRLPOOL CORPCOM0.26%$3M29.7K
92ISRGINTUITIVE SURGICAL INCCOM NEW0.26%$3M5.5K
93DEIDOUGLAS EMMETT INCCOM0.26%$3M199.3K
94LMTLOCKHEED MARTIN CORPCOM0.25%$3M6.5K
95ATIATI INCCOM0.25%$3M34.3K
96PLTRPALANTIR TECHNOLOGIES INCCL A0.25%$3M21.5K
97WTSWATTS WATER TECHNOLOGIES INCCL A0.25%$3M11.7K
98GMGENERAL MTRS COCOM0.25%$3M58.5K
99TFI INTL INCCOM0.24%$3M32.1K
100GLWCORNING INCCOM0.24%$3M54.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$01May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$01Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$01Nov 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.2B935Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.1B925May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$852M870Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$836M901Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$618M779Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$464M703May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$332M619Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$190M473Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$132M324Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$57M220May 15, 202313F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.