The Goldman Sachs Group, Inc. has filed a major holdings notification relating to Nagarro SE (0AA3), the Munich-headquartered global software engineering and technology services company, disclosing a combined voting rights position of 9.05% as at 30 October 2026. The notification was filed under Article 40, Section 1 of the German Securities Trading Act (WpHG) and distributed via EQS News on 5 November 2026. The disclosure follows a change in the breakdown of Goldman Sachs's voting rights position, with the firm's directly held share-based voting rights falling sharply while instrument-based rights increased. Investors in Nagarro SE may be watching the development closely given the scale of the institutional position now on record.

Key Points

  • Nagarro SE (0AA3), a German-listed global software engineering group headquartered in München
  • The Goldman Sachs Group, Inc. disclosed a total combined voting rights position of 9.05% in Nagarro SE as at 30 October 2026
  • Voting rights through shares fell to 0.09% from a previous 2.46%; instrument-based rights rose to 8.96% from 7.32%
  • Investors should watch whether further threshold crossings or position changes are reported in subsequent WpHG filings

Goldman Sachs Voting Rights in Nagarro SE Drop to 0.09% via Shares, Rise Through Instruments to 8.96%

According to the notification, Goldman Sachs's position in Nagarro SE has shifted significantly in its composition. Voting rights attached directly to shares now stand at just 0.09%, down from 2.46% in the previous notification, representing 11,003 shares held indirectly across two ISINs: DE000A41YFS0 and DE000A3H2200. Meanwhile, voting rights through instruments increased to 8.96% from 7.32%, with the largest component being a Right to Recall instrument covering 1,075,213 voting rights, equivalent to 8.32%, alongside a Right of Use instrument at 0.51% and a cash-settled swap maturing 25 September 2036 contributing a further 0.14%.

Total Nagarro SE Voting Rights Base Stands at 12,922,297 Under WpHG Section 41

The notification states the total number of voting rights in Nagarro SE pursuant to Section 41 of the WpHG is 12,922,297. The combined new position of 9.05% compares with a previously reported total of 9.78%, indicating a modest overall reduction. The threshold crossing date is recorded as 30 October 2026, with the notification itself dated 5 November 2026. The filing was submitted as a voluntary group notification, with the trigger occurring at a subsidiary level within the Goldman Sachs corporate structure rather than directly at the group parent.

Goldman Sachs International Identified as the Primary Instrument-Holding Entity Within the Group Chain

The announcement sets out the full chain of controlled undertakings through which the voting rights are attributed. Goldman Sachs International, a subsidiary within the broader Goldman Sachs Group structure, is specifically identified as holding instruments representing 5.37% through instruments and a combined total of 5.41%, the only entity in the disclosed chain to meet the reporting thresholds for individual disclosure. Other entities listed include GSAM Holdings LLC, Goldman Sachs Asset Management L.P., Goldman Sachs Bank USA, Goldman Sachs Bank Europe SE, Goldman Sachs & Co. LLC, Goldman Sachs (UK) L.L.C., and Goldman Sachs Group UK Limited.

Nagarro SE Operates as a Global Technology Services Group Listed on the Frankfurt Market

Nagarro SE is a global software engineering and technology services company incorporated in Germany, with its registered address at Baierbrunner Straße 15, 81379 München, and an LEI code of 9845008396BA67DA9B37. The company operates internationally, delivering digital engineering and product development services. Major institutional disclosures such as this Goldman Sachs notification are required under German securities law when specified voting rights thresholds are crossed, providing transparency to the broader investor base regarding significant shifts in the composition of institutional holdings.