NVIDIA Receives New Buy Rating as Institutional Interest Grows
On November 12, 2024, Redburn Atlantic started coverage of NVIDIA (WSE:NVDA) with a Buy recommendation.
Institutional Investment Overview
Currently, 6,561 funds and institutions hold positions in NVIDIA, reflecting a rise of 155 owner(s) or 2.42% over the last quarter. The average portfolio weight of all funds in NVDA is now 3.22%, up by 3.28%. Over the last three months, total institutional shares have surged by 221.42%, reaching 17,579,152K shares.
The Vanguard Total Stock Market Index Fund (VTSMX) now holds 738,297K shares, representing 3.01% ownership, with an impressive increase of 89.89% from its previous holding of 74,656K shares. Its allocation to NVDA has grown by 31.49% in the last quarter.
The Vanguard 500 Index Fund (VFINX) owns 631,333K shares, or 2.57% of the company. Previously, it reported 62,245K shares, marking a 90.14% increase. The portfolio allocation to NVDA for VFINX has risen by 31.27% quarter-over-quarter.
Geode Capital Management has 546,079K shares, accounting for 2.23% ownership. This is a slight increase of 2.11% from its prior holding of 534,554K shares, although its total allocation in NVDA decreased by 51.50% in the last quarter.
Price T Rowe Associates increased its stake to 444,582K shares, representing 1.81% of NVIDIA. This is an 89.62% jump from the previous 46,150K shares, with a 28.59% rise in its portfolio allocation recently.
Meanwhile, Jpmorgan Chase holds 406,709K shares, which is 1.66% ownership. Their previous holding was 390,779K shares, reflecting a smaller increase of 3.92%, while their portfolio allocation in NVDA dipped by 5.07% in the past quarter.
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