NVIDIA Stake Reduced by Pacific Sage Partners Amid Insider Sales
Pacific Sage Partners LLC has reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by selling 5,637 shares during the second quarter. The company now owns 23,476 shares of NVDA's stock, accounting for 0.7% of its investment portfolio.
This is not an isolated instance, as several other hedge funds have also modified their holdings in NVIDIA. LightSquare Wealth Management LLC increased its stake by 0.3%, while Defender Capital LLC boosted its position by 0.7%. Kooman & Associates and Roof Eidam Maycock Peralta LLC raised their positions by 0.6% and 0.3%, respectively.
The recent sales activity in NVIDIA includes EVP Timothy Teter selling approximately $6.8 million worth of shares under a pre-arranged Rule 10b5-1 plan. Director Mark A. Stevens also sold 622,239 shares, reducing his ownership stake by 21.03%.