NVIDIA Sees Significant Institutional Investor Interest Amid Repurchase Plan Approval
NVIDIA Corporation (NASDAQ:NVDA) has seen significant investments from various institutional investors. According to its latest 13F filing, Plato Investment Management Ltd increased its stake in NVIDIA by 1.3% during the second quarter, owning a total of 605,743 shares valued at $120,496,000. This represents about 6.9% of the company's portfolio.
The institutional investor bought an additional 7,589 shares of NVIDIA's stock during the period. Other large investors also modified their holdings in the company, with LightSquare Wealth Management LLC lifting its stake by 0.3%, and Defender Capital LLC increasing its position by 0.7%.
NVIDIA's board has approved a stock repurchase plan that allows the company to buy back up to $150 billion in shares. This represents about 2.8% of the company's outstanding shares, which can be purchased through open market purchases.