Kesler Norman & Wride LLC Reduces NVIDIA Holdings Amid Broader Institutional Shift

Kesler Norman & Wride LLC has made changes to its holdings in NVIDIA Corporation (NASDAQ:NVDA). The firm lowered its shares in NVIDIA by 6.5% during the second quarter, selling a total of 3,653 shares. This sale was part of Kesler Norman & Wride's overall strategy to manage its portfolio.

The value of NVIDIA's shares in Kesler Norman & Wride LLC's holdings is approximately $10,436,000 as of its most recent SEC filing. NVIDIA accounts for 1.7% of the firm's total holdings, making it their 11th largest holding.

This change is not an isolated instance. Other institutional investors have also made significant changes to their positions in NVDA. Bank of America Corp DE has increased its shares by 2.1%, Invesco Ltd. boosted its holdings by 0.3%, and J. Stern & Co. LLP raised its position by a staggering 13,709.1%.

NVIDIA's recent quarterly earnings report showed revenue growth of over 100%. The company's management has indicated that supply constraints are limiting expansion, rather than a decrease in customer demand.