Oriental Harbor Trims NVIDIA Stake Amid Institutional Investor Shifts

Oriental Harbor Investment Master Fund trimmed its stake in NVIDIA Corporation (NASDAQ: NVDA) by 15.7% during the second quarter, according to its latest SEC filing. The fund reduced its holdings from 1,285,709 to 1,083,827 shares, worth $216,863,000. Despite the reduction, NVIDIA remains the fund's third-largest position, accounting for 13.1% of its portfolio.

Other institutional investors have made significant adjustments to their NVIDIA positions. Bank of America Corp DE increased its holdings by 2.1% in the first quarter, while Invesco Ltd. raised its stake by 0.3% in the fourth quarter. Amundi saw a 10.4% increase during the first quarter, and J. Stern & Co. LLP dramatically boosted its position by 13,709.1% in the fourth quarter. Dimensional Fund Advisors LP also increased its stake by 0.6% in the first quarter. Collectively, institutional investors and hedge funds now own 65.27% of NVIDIA's stock.

NVIDIA's stock opened at $233.95 on Monday, with a market capitalization of $5.64 trillion. The company reported strong earnings for the quarter ending August 26th, with $2.22 earnings per share, beating estimates by $0.13. Revenue was $96.22 billion, up 105.9% year-over-year. The company also announced a $150 billion share repurchase program, signaling confidence in its valuation.

Recent insider transactions include Director Mark A. Stevens selling 622,239 shares for $144,122,997.18, and EVP Timothy S. Teter selling 30,460 shares for $6,786,488. Despite these sales, insiders still own 3.94% of the company's stock. Analysts remain bullish, with Morgan Stanley naming NVIDIA its top semiconductor pick and setting a $300 price target.