NVIDIA Remains Key Holding for Securian Asset Management Inc.
NVIDIA Corporation ($NVDA) is one of the largest holdings in Securian Asset Management Inc.'s portfolio, accounting for approximately 4.7% of its assets. The fund decreased its position in NVIDIA by 2.4% during the second quarter, selling 15,608 shares.
Securian's $130.5 million investment in NVIDIA is significant, but it's not the only notable change to the company's ownership structure. Other investors, such as Brighton Jones LLC and Bank Pictet & Cie Europe AG, also increased their stakes in NVIDIA during the fourth quarter.
NVIDIA has seen significant growth this year, with revenue increasing by 105.9% compared to the same period last year. The company's strong performance has been driven by its leadership in the AI chip market, as well as its collaborations with other companies on infrastructure expansion and partnerships.