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Nebula Research & Development LLC

CIK:0001792635
Hedge Fund
$2B AUM
935 holdings
New York, NY, United States
Founded:2019
8 employees
Latest filing:Jun 30, 2025

Nebula Research & Development LLC is a New York-based hedge fund founded in 2019 by Michael Graves, now led by Suzanne Graves (Managing Member) and Prasanna Kannan (CTO). The firm is an alternative asset manager focused on quantitative trading strategies and primarily serves select institutional investors. As of 2024, Nebula manages over $2.18 billion in regulatory assets and employs about 8 staff, mostly investment professionals. The firm specializes in statistical arbitrage and systematic investment approaches using advanced technology and data analysis.

Investment Strategy

Nebula Research & Development LLC utilizes quantitative trading strategies and statistical arbitrage to construct its portfolios, leveraging advanced data analytics and systematic processes. The firm invests globally across equity markets, focusing on exploiting inefficiencies through algorithmic and data-driven approaches tailored to institutional investors. This investment philosophy aims for diversification, controlled risk exposure, and high turnover, while striving for alpha generation through technological innovation in portfolio management.

Top Buys
L
LRNSTRIDE INC
+$5.2M
F
FDXFEDEX CORP
+$4.8M
N
NRGNRG ENERGY INC
+$4.8M
A
AALAMERICAN AIRLS GROUP INC
+$4.8M
Q
QSRRESTAURANT BRANDS INTL INC
+$4.6M
Top Sells
U
UPSUNITED PARCEL SERVICE INC
-$4.8M
I
ICEINTERCONTINENTAL EXCHANGE IN
-$4.7M
A
AZOAUTOZONE INC
-$4.6M
G
GDDYGODADDY INC
-$4.4M
A
AAGILENT TECHNOLOGIES INC
-$4.3M

Top Holdings

A
ALLALLSTATE CORP
+0.4%$5.2M
W
WMTWALMART INC
+0.4%$5.2M
W
WRBYWARBY PARKER INC
+0.4%$5.2M
H
HUBSHUBSPOT INC
+0.4%$5.2M
L
LOGILOGITECH INTL S A
+0.4%$5.2M

Equity Positions (923)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
A
ALL
ALLSTATE CORP0.45%$5.2M26,018$197.96$201.31+$3.6M
W
WMT
WALMART INC0.45%$5.2M53,518$77.75$97.78+$1.2M
W
WRBY
WARBY PARKER INC0.45%$5.2M238,412$19.92$21.93+$3.6M
H
HUBS
HUBSPOT INC0.44%$5.2M9,389$639.27$556.63+$2.0M
L
LOGI
LOGITECH INTL S A0.44%$5.2M57,972$84.08$90.13+$388.5K

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+7.7%
REAL ESTATE INVESTMENT TRUSTS
+4.1%
PHARMACEUTICAL PREPARATIONS
+3.3%
SERVICES-BUSINESS SERVICES, NEC
+3.2%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+2.6%