A cluster of institutional investors has adjusted its holdings in Nvidia, according to a run of filings-based reports published by MarketBeat.
On the buying side, MarketBeat reports that Nwam LLC lifted its Nvidia position, Mandatum Life Insurance Co Ltd increased its stake, the Maryland State Retirement & Pension System raised its position, and Vienna Powszechne Towarzystwo Emerytalne S.A. of the Vienna Insurance Group raised its holdings. MarketBeat also reports that Zweig DiMenna Associates LLC holds a stake in Nvidia worth $22.78 million.
Not everyone added. MarketBeat reports that Wealthgarden F.S. LLC sold shares of the chipmaker.
Separately, The Motley Fool published a piece headlined "Big News for Nvidia Stock Investors," carried by The Globe and Mail. The available excerpt is largely promotional material for the Fool's Stock Advisor service, which it says has a total average return of 896% versus 206% for the S&P 500. The excerpt does not spell out what the "big news" for Nvidia investors actually is.
A word of caution on how to read all this: stories like these are generated from routine disclosures that money managers file about their holdings, and they typically describe positions as of a past reporting date rather than trades happening today. A single fund trimming or adding is not, on its own, a verdict on the company. What is notable here is the mix — a US state pension system, European insurers and pension managers, and smaller US advisory firms all appearing in the same batch, moving in both directions.
It matters because Nvidia is now a heavyweight in the major stock indexes, which means retirement systems and insurance funds around the world are exposed to it whether or not their members ever chose the stock.