NVIDIA Sees Surge in Institutional Investment
NVIDIA Corporation (NASDAQ:NVDA) has seen its shares purchased by several large investors in the second quarter. Tandem Capital Management Corp ADV acquired an additional 3,378 shares of NVIDIA stock during this period, raising their holdings by 26.6%. This brings their total share count to 16,055 and represents a significant position for them, accounting for approximately 1.4% of their portfolio.
The acquisition was part of a larger trend in which several large investors increased their stakes in NVIDIA. For example, Field & Main Bank lifted its position by 0.9%, while Prosperitas Financial LLC grew its holdings by 2.1%. Lombard Odier Asset Management Europe Ltd also raised its stake by 4.8%.
The institutional ownership of NVIDIA has been steadily increasing over time. As of now, 65.27% of the company's shares are held by institutional investors.