Institutional Investors Boost Stakes in NVIDIA Stock
Avid Wealth Partners LLC raised its NVIDIA holding by 43.6% in the fourth quarter, ending with 11,967 shares valued at about $2.2 million. Several other large funds also increased positions: State Street Corp added 1.2% to own roughly 991,480 shares worth $185 billion, Geode Capital Management added 0.6% for about 589 million shares, and Capital Research Global Investors added 3.7% for 171.6 million shares. Legal & General Group, Norges Bank and other investors similarly expanded their stakes.
B&D White Capital Company LLC dramatically grew its stake by 174.8% during the same quarter, acquiring 3,100 shares to total 4,873 shares valued at $909,000. Additional hedge funds such as Diversified Enterprises, PMG Family Office, ASR Vermogensbeheer, Weaver Capital Management and Circle Wealth Management also raised their NVIDIA holdings.
NVIDIA announced a $0.25 quarterly dividend (annualized $1.00) and authorized an $80 billion share‑buyback program, allowing repurchase of up to 1.5% of outstanding shares. The company posted Q2 earnings of $1.87 EPS on $81.62 billion revenue, beating expectations.