Institutional Investors Flock to NVIDIA Despite Volatility
NVIDIA Corporation's (NASDAQ:NVDA) stock has been on a rollercoaster ride, with various institutional investors and hedge funds modifying their holdings in the company. Compass Capital Management Inc., for instance, trimmed its position in shares of NVIDIA by 7.5% during the second quarter.
According to a recent Form 13F filing with the Securities & Exchange Commission, Compass Capital Management Inc. owned 289,399 shares of NVIDIA's stock after selling 23,436 shares during the quarter. The institutional investor's holdings in NVIDIA were worth $57,906,000 at the end of the most recent reporting period.
NVIDIA accounts for 3.5% of Compass Capital Management Inc.'s portfolio, making the stock its 8th largest position. Other institutional investors and hedge funds have also made changes to their NVIDIA holdings, with some increasing their stakes in the company.