Stocks
NVIDIA Sees Significant Position Changes from Hedge Funds
NVIDIA Corporation (NASDAQ:NVDA) has been a hot topic in recent news. MFG Wealth Management Inc., a fund, reduced its position in NVIDIA by selling 8,203 shares in the second quarter.
According to its most recent disclosure with the Securities and Exchange Commission (SEC), the fund owned 9,400 shares of NVIDIA's stock after the sale, worth $1,881,000 as of the filing date.
This is not an isolated incident; other hedge funds have made significant changes to their positions in NVIDIA. Norges Bank bought a new stake in the company valued at about $62,244,133,000 in the fourth quarter.
Additionally, J. Stern & Co. LLP boosted its position by 13,709.1% during the same period, now owning 125,760,307 shares worth $23,454,297,000.