Ballentine Partners LLC Boosts Stake in NVIDIA Corporation

NVIDIA Corporation (NASDAQ:NVDA) saw an increase in its stock ownership by Ballentine Partners LLC, a prominent institutional investor. According to the company's most recent 13F filing with the Securities and Exchange Commission, Ballentine Partners LLC boosted its stake in NVIDIA by 1.6% during the second quarter.

The firm owned 505,140 shares of NVIDIA's stock after acquiring an additional 7,957 shares during the quarter. This represents a significant increase, as NVIDIA accounts for 1.2% of Ballentine Partners LLC's portfolio, making it their 10th largest position. The company's holdings in NVIDIA were worth $101,073,000 as of its most recent filing.

The acquisition is part of a larger trend, as several other large investors have also increased their stakes in NVIDIA during the second quarter. This includes Lifetime Wealth Management P.C., Longview Financial Advisors Inc., and Spurstone Advisory Services LLC, among others.