NVIDIA Shares: A Favourite Among Institutional Investors
In recent months and years, NVIDIA shares have recorded substantial gains, increasing by approximately 194 percent over the past twelve months and about 400 percent over three years as of April 22, 2024. Wall Street analysts remain optimistic about the stock of the chip giant. According to TipRanks, in the past three months, 41 Wall Street analysts have reviewed NVIDIA’s stock. Of these, 39 recommend buying, and there are two “hold” ratings. The average price target is $1,004.92, which is 26.38 percent higher than its current price as of April 22, 2024.
Investors and market participants are often interested in who owns a company’s shares, as shareholders can influence the stock’s trajectory. So, who owns the circulating NVIDIA shares, and how many are held by private investors?
Majority Held by Institutional Investors
According to NVIDIA’s latest quarterly figures, the company has a total of 2.5 billion outstanding shares. Among the largest shareholders are some of the world’s biggest asset managers and one insider.
Data from WallStreetZen shows that 65.24 percent of the shares are owned by institutional investors. According to Fintel, 5,946 institutional owners and shareholders have filed 13D/G or 13F forms with the U.S. Securities Exchange Commission (SEC), holding a total of 1,837,631,489 NVIDIA shares. Major institutional investors include Vanguard with 204,504,938 shares (8.28 percent), BlackRock with 180,593,555 shares (7.3 percent), Fidelity with 127,855,229 shares (5.18 percent), State Street with 91,661,188 shares (3.7 percent), and Geode Capital Management with 49,994,598 shares (2 percent). These large asset managers typically invest in NVIDIA because it is a key tech player and one of the largest companies in the U.S. broad-market index, the S&P 500.
NVIDIA’s CEO Among the Largest Shareholders
Additionally, insiders hold about 4.38 percent of NVIDIA shares, according to WallStreetZen. One of the largest individual shareholders among the insiders is Jen Hsun “Jensen” Huang, the company’s co-founder, CEO, and president. Huang, who helped found the company in 1993, has been pivotal in NVIDIA’s evolution from a dominant computer gaming chip company to a beneficiary of the artificial intelligence hype, providing crucial chips for the technology. According to a document filed with the SEC on March 20, Huang owns 86,752,723 NVIDIA shares, representing a 3.52 percent stake in the company, making him the fourth-largest shareholder. The rise in NVIDIA’s share price has significantly increased the CEO’s wealth. With an estimated net worth of $73.9 billion, Huang is listed by Forbes as one of the 20 wealthiest people in the world.
NVIDIA Shares Popular Among Private Investors
Around 760 million NVIDIA shares, or 30.38 percent, are owned by private shareholders, according to WallStreetZen. NVIDIA shares are highly popular among investors. As recently reported by Reuters, NVIDIA constitutes 9.3 percent of the average private investor’s portfolio, the highest weighting. According to Ben Laidler, Global Markets Strategist at eToro, tech stocks are currently global private investors’ favourites and among the “top ten most-held shares.” AI and semiconductor stocks like NVIDIA, AMD, or TSMC have seen the largest increases in ownership this year, Laidler noted.
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