Stocks
Hedge Funds Adjust NVIDIA Holdings Amid High Expectations
NVIDIA Corporation (NASDAQ:NVDA) saw changes in its holdings by various hedge funds during the second quarter. Marco Investment Management LLC decreased its position in NVIDIA by 14.4%, selling 6,736 shares and owning 40,200 shares worth $8,044,000.
Other hedge funds increased their stakes in NVIDIA, including Fulton Breakefield Broenniman LLC, which boosted its position by 22.6% to 319,367 shares valued at $63,902,000, and BIP Wealth LLC, which raised its position by 31.9% to 79,116 shares worth $15,830,000.
NVIDIA's high expectations leave the company sensitive to any slowdown in hyperscaler spending or AI demand. The firm has a debt-to-equity ratio of 0.14 and a beta of 2.22.