#NVDA Multiple institutions reduced their holdings in Nvidia: SoftBank sold off its entire stake for $5.8 billion, while Bridgewater reduced its holdings by 65.3%.
According to BlockBeats, on November 18th, several institutions recently reduced their holdings of Nvidia stock, including:
Japanese financial giant SoftBank announced that it sold its stake in Nvidia in October, raising $5.83 billion. In its latest earnings statement, SoftBank stated that it will invest an additional $22.5 billion in OpenAI through its Vision Fund 2 in December.
A report by Bridgewater Associates, the world's largest hedge fund, shows that as of the end of the third quarter of this year, Bridgewater held 2.51 million shares of Nvidia, a 65.3% decrease from 7.23 million shares at the end of the second quarter. Previously, in the second quarter of this year, Bridgewater increased its Nvidia holdings by as much as 154.37%. This reduction indicates that Bridgewater is becoming more cautious about Nvidia's future performance.
Billionaire Peter Thiel has sold off all his shares in Nvidia. Documents show that he sold approximately 537,742 Nvidia shares between July and September. His fund, Thiel Macro, filed a 13F form indicating that as of September 30th, he no longer held any Nvidia shares. According to foreign media calculations based on Nvidia's average share price during July to September, the sale was worth close to $100 million.
In addition, Nvidia CEO Jensen Huang has sold over $1 billion worth of Nvidia stock since June, completing a large-scale, pre-planned stock sale. A report on Friday showed that Huang recently sold 25,000 shares.