Mixed NVIDIA Portfolio Adjustments
Institutional Investors Make Mixed Adjustments to NVIDIA Holdings Amid Record Trading Levels
Anonymous
Key Points
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Altshuler Shaham Ltd. dramatically increased its NVIDIA stake by 6,451.9% in the first quarter, adding 627,510 shares and bringing its total holdings to 637,236 shares valued at approximately $111.1 million.
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ASR Vermogensbeheer N.V. held 3,169,377 NVIDIA shares worth about $591.1 million after adding 54,877 shares, while Boyd Wealth Management increased its position by 273.4% during the second quarter.
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Pinnacle Associates still held 954,703 NVIDIA shares worth approximately $191 million after its small reduction; NVIDIA represented about 2.1% of the firm’s portfolio and was its sixth-largest holding.
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Citizens Business Bank’s remaining 174,957 NVIDIA shares represented about 5.3% of its portfolio, making NVIDIA the bank’s third-largest holding despite the 2% reduction.
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NVIDIA reported strong liquidity and relatively modest leverage, with a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14; its shares had traded between $164.27 and $236.54 over the prior 52 weeks.
Institutional investors took a mixed approach to NVIDIA during the second quarter, with some funds adding stakes while others trimmed positions. Invezz noted that NVIDIA shares fell roughly 2% after a six-day rally, as rising Treasury yields pressured technology stocks. The chipmaker's stock traded near record levels with a market capitalization around $5.48 trillion, while hedge funds and institutional investors collectively owned about 65.27% of the company.
Major Fund Moves Show Divided Sentiment
Ascent Group increased its NVIDIA position by 5% during the quarter. Meanwhile, Summit Global Investments cut its stake by 22.4%, signaling caution. Pinnacle Associates made a smaller reduction of 0.4%, while Citizens Business Bank trimmed 2%. The varied moves reflect investor uncertainty about the chipmaker's future growth despite its dominance in AI chips.
Altshuler Shaham's Dramatic 6,452% Position Surge
Altshuler Shaham Ltd. executed one of the quarter's boldest moves, increasing its NVIDIA stake by 6,451.9% in the first quarter by adding 627,510 shares. The fund brought its total holding to 637,236 shares valued at approximately $111.1 million. This aggressive bet signals strong conviction in NVIDIA's long-term prospects among some institutional players.
Other Large Holders Maintain or Grow Exposure
ASR Vermogensbeheer N.V. held 3.17 million NVIDIA shares worth roughly $591.1 million after buying 54,877 additional shares. Boyd Wealth Management grew its position by 273.4% during the second quarter. At Pinnacle Associates, NVIDIA remained the sixth-largest holding at 2.1% of the portfolio with 954,703 shares valued at $191 million. Citizens Business Bank kept NVIDIA as its third-largest holding, representing 5.3% of assets.
CFO Sells $7.65M in Stock as Shares Trade Near Peaks
NVIDIA CFO Colette Kress sold 34,918 shares for approximately $7.65 million under a prearranged trading plan. Yahoo Finance reported NVIDIA shares fell 1.3% to $227.98 after Apple demonstrated local AI inference on Mac Studios, raising questions about future demand for cloud computing chips. Over 52 weeks, NVIDIA stock traded between $164.27 and $236.54. The company showed strong financial health with a quick ratio of 3.85, a current ratio of 4.59, and low debt-to-equity of 0.14.
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