NVIDIA Stakeholder Reduces Holdings Amid Company's Upswing

CTC Alternative Strategies Ltd., an institutional investor, has reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 68.8% in the first quarter of this year. According to the company's most recent 13F filing with the SEC, CTC Alternative Strategies Ltd. now owns 6,949 shares of NVIDIA's stock after selling 15,293 shares during the quarter.

The institutional investor's holdings in NVIDIA were worth $1,212,000 as of its most recent SEC filing. This represents a significant reduction in their stake in the company and makes up only 2.8% of CTC Alternative Strategies Ltd.'s portfolio, ranking it as their sixth biggest position.

This news comes on the heels of NVIDIA's latest earnings report, which beat expectations with $1.87 earnings per share for the quarter. The company also announced a quarterly dividend payment of $0.25 per share and authorized a stock buyback plan worth up to $80 billion in outstanding shares.