Stocks
Albion Trims NVIDIA Holdings Amid Broader Institutional Shift
NVIDIA Corporation (NASDAQ:NVDA) saw its stock holdings trimmed by 2.5% in the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC). Albion Financial Group UT reduced its stake in NVIDIA's shares from 280,015 to 272,813, worth approximately $56 million.
The institutional investor holds NVIDIA stock as its 8th largest position, making up about 3.2% of its holdings. This change comes amidst a broader trend of hedge funds and other institutional investors adjusting their stakes in the company.
Other notable changes include Norges Bank acquiring a new stake worth over $62 billion in the fourth quarter and J. Stern & Co. LLP significantly increasing its holding by 13,709% during the same period.