Angelicoussis Family Office Bets Big on Nvidia with Quadrupled Returns

The Angelicoussis family office, Nicrone, has made significant investments in Nvidia Corp. shares over the past few years, according to sources familiar with the strategy.

Nicrone began accumulating Nvidia shares as part of a shift away from private markets and into public stocks, which was led by Lavers, who managed the UK operation during this time.

Nvidia's stock price has more than quadrupled since Lavers took over the UK operation three years ago, according to sources.

The exact size of Nicrone's Nvidia position and its current gains are not known, but it is clear that the family office's push into Nvidia mirrors a wider trend among other family offices.

Several other family offices, including those associated with David Tepper and George Soros, also own significant stakes in Nvidia, averaging around $200 million per holding and accounting for about 4% of their US stock portfolios.