Waycross Partners Identifies NVIDIA as Largest Holding

NVIDIA Corporation, trading as NVDA on the NASDAQ stock exchange, has been identified by Waycross Partners LLC as its largest holding. According to a recent filing with the Securities and Exchange Commission (SEC), Waycross Partners decreased its position in NVIDIA by 5% during the first quarter, selling 24,650 shares worth $4,190,500 at an average price of $214 per share.

Waycross Partners now holds approximately 466,383 shares of NVIDIA stock, valued at $81,337,000. This represents around 7.8% of its total holdings, making NVIDIA its largest position.

Other institutional investors also increased their stakes in NVIDIA during the first quarter, including Human Investing LLC and Scarborough Advisors LLC. However, insider sales of NVIDIA shares have been significant, with directors John Dabiri and Stephen C. Neal selling a combined 41,125 shares worth $8,778,565.

NVIDIA has seen its share price rise to $200.75 after Amazon's announcement that it will continue to support demand for the company's products. The stock has a market capitalization of $4.86 trillion and a beta of 2.21.