Wedge Capital Sells NVIDIA Stake Amid Institutional Ownership Shift

NVIDIA Corporation (NASDAQ:NVDA) has seen significant changes in its institutional ownership. Wedge Capital Management L L P NC, a hedge fund, reduced its position in NVIDIA by 13.2% during the second quarter, selling 4,926 shares. The fund now owns 32,448 shares of NVIDIA's stock, valued at $6,493,000.

However, other hedge funds have increased their stakes in NVIDIA. Longview Financial Advisors Inc. and Phillip James Consulting Co. acquired new positions in the company during the first quarter, while Lifetime Wealth Management P.C., Longfellow Investment Management Co. LLC, Spurstone Advisory Services LLC, and others also added to their holdings.

NVIDIA's institutional ownership remains high, with 65.27% of its stock owned by hedge funds and other institutional investors.