NVIDIA a Top Holding for Institutional Investor Despite Decreased Stake

NVIDIA Corporation (NASDAQ:NVDA) has been a significant holding for Relyea Zuckerberg Hanson LLC, which decreased its position in the company by 2.8% during the second quarter.

The institutional investor owned 114,089 shares of NVIDIA's stock after selling 3,296 shares during the quarter. The holdings were valued at $22,828,000 at the end of the most recent reporting period, accounting for about 1.9% of Relyea Zuckerberg Hanson LLC's investment portfolio.

NVIDIA has been a popular choice among institutional investors, with several other firms increasing their stakes in the company during the fourth quarter. Brighton Jones LLC, for example, boosted its position by 12.4%, while Bank Pictet & Cie Europe AG increased its stake by 1.0%.

The computer hardware maker reported strong quarterly earnings, topping analysts' expectations with revenue of $96.22 billion and adjusted EPS of $2.22. Management guided to roughly $108 billion in fiscal Q3 revenue and indicated that fiscal 2028 sales could grow about 70%, well above the roughly 45% growth analysts had modeled.