NVIDIA Stock: Atreides Management LP Reduces Holdings by 77%

Atreides Management LP has significantly reduced its holdings in NVIDIA Corporation. According to its most recent 13F filing, Atreides Management LP owned 1,248,592 shares of NVDA after selling 4,176,639 shares during the first quarter, representing a 77% decrease.

This reduction accounts for 4.4% of Atreides Management LP's investment portfolio, making NVIDIA its 5th biggest position. The company's holdings in NVIDIA were valued at $217,754,000 as of its most recent SEC filing.

Other institutional investors have also been actively buying and selling NVDA shares. State Street Corp boosted its stake by 1.2% in the fourth quarter, while Geode Capital Management LLC increased its position by 0.6%. Norges Bank purchased a new stake in NVIDIA during the same period.