The Goldman Sachs Group, Inc. has filed a major shareholding notification disclosing a combined voting interest of 9.10% in Nagarro SE (0AA3), the Munich-headquartered global software and technology engineering company. The disclosure, transmitted via EQS News on 10 November 2026, was triggered after a threshold was crossed on 6 November 2026. Filed under Article 40, Section 1 of the German Securities Trading Act (WpHG), the notification covers both direct share holdings and instrument-based voting rights held across multiple Goldman Sachs subsidiaries. Investors in Nagarro SE may wish to monitor the composition and scale of Goldman Sachs's disclosed position.

Key Points

  • Nagarro SE (0AA3), a German-listed technology engineering company based in München, Germany
  • The Goldman Sachs Group, Inc. disclosed a combined voting rights position of 9.10% in Nagarro SE, up from a previous total of 9.09%
  • Voting rights attached to shares rose to 1.89% from 0.07%; instrument-based rights increased to 7.21% from 9.02%; total voting rights calculated against 12,922,297 shares pursuant to Section 41 WpHG
  • Investors should watch for any further threshold crossings or changes in Goldman Sachs's disclosed position in subsequent regulatory filings

Goldman Sachs Crosses WpHG Threshold in Nagarro SE on 6 November 2026

The notification states that The Goldman Sachs Group, Inc., registered in Wilmington, Delaware, USA, crossed a reportable threshold in Nagarro SE on 6 November 2026. The filing was submitted as a voluntary group notification, with the reason recorded as an acquisition or disposal of shares with voting rights, an acquisition or disposal of instruments, and a voluntary group notification with a triggered threshold at subsidiary level. Nagarro SE, which provides software engineering and technology services and operates globally from its Munich headquarters, is listed under LEI code 9845008396BA67DA9B37.

Breakdown of Goldman Sachs's 9.10% Voting Position Across Shares and Instruments

According to the announcement, Goldman Sachs's new total position of 9.10% comprises 1.89% in voting rights attached to shares and 7.21% through instruments. The share-based component totals 244,222 shares held indirectly across two ISINs: DE000A41YFS0 and DE000A3H2200. Instrument holdings include Rights to Recall totalling 839,703 voting rights at 6.50%, Rights of Use representing 88,260 voting rights at 0.68%, and a cash-settled swap maturing on 10 July 2036 representing 3,988 voting rights at 0.03%. The previous notification recorded a combined position of 9.09%, indicating a marginal increase in total exposure.

Goldman Sachs International Named as Subsidiary Holding Above 5% Instruments Threshold

The chain of controlled undertakings disclosed in the filing identifies Goldman Sachs International as the subsidiary recording a combined voting rights figure of 5.44%, the only entity in the chain to breach a named disclosure threshold within the group structure. Other entities listed in the chain 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, though specific percentage figures for those entities were not disclosed in the announcement.

Nagarro SE's Technology Engineering Model and Regulatory Disclosure Context

Nagarro SE is a global technology engineering and software services firm with its registered address at Baierbrunner Straße 15, 81379 München, Germany. The company generates revenue through technology consulting and software development services delivered to enterprise clients internationally. As a German SE listed under WpHG regulations, major shareholders are required to disclose holdings when prescribed thresholds are crossed. This filing reflects standard regulatory transparency requirements and does not in itself indicate any change to Nagarro SE's operational strategy or corporate governance structure, the announcement states.