Nvidia Top Shareholders

Nvidia Corp. (NVDA) was founded in Santa Clara, California, in 1993, and was originally a silicon chip company specializing in graphics processing units, or GPUs. Nvidia has grown dramatically on a global scale as it has positioned itself as a leader in visual computing, gaming, visualization, data center, cryptocurrency mining, and artificial intelligence.

The top individual shareholders of Nvidia are Jen-Hsun (“Jensen”) Huang, Tench Coxe, and Mark A. Stevens, and the top institutional shareholders are Vanguard Group Inc., BlackRock Inc. (BLK), and FMR LLC.

Nvidia has posted a 12-month trailing net income of $42.6 billion as of July 5, 2024, and 12-month trailing revenue of $79.8 billion for the same period. This represents a net profit margin of 53%. As of July 5, 2024, the company has a market capitalization of $3.1 trillion and has become one of the world’s most valuable companies companies.

Important

“Insider” refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company’s stock. In this context, it has nothing to do with insider trading.

Top 3 Individual Insider Shareholders

Below are the top three individual insider shareholders of Nvidia. Note that this list reflects direct ownership and does not include indirect ownership of shares or shares accessible through stock options.

Jen-Hsun (“Jensen”) Huang

Jen-Hsun Huang—who goes by Jensen Huang—owns 93,463,791 shares of Nvidia, representing 3.79% of all outstanding shares. Huang founded the company in 1993 and serves as president and CEO. He is also a director of Nvidia. Prior to establishing Nvidia, Huang worked for chip manufacturer LSI Logic Corp. and semiconductor company Advanced Micro Devices Inc. (AMD). Huang is listed as #13 on the Forbes billionaires list, with a net worth of about $110 billion.

Tench Coxe

Tench Coxe owns 3,785,524 shares of Nvidia, representing less than 0.01% of all outstanding shares. Coxe has been a board member of Nvidia since 1993, accumulating enough shares to become a billionaire.

Coxe came to Nvidia from the world of venture capital. He served as a managing director for Sutter Hill Ventures from 1989 to 2020, and also served on the boards of Mattersight Corp. and Artisan Partners Asset Management. His net worth is $5.6 billion as of July 2024, putting him at #544 on the Forbes billionaires list.

Mark A. Stevens

Mark A. Stevens owns 4,102,881 shares of Nvidia, representing less than 0.01% of all outstanding shares. Stevens has served on Nvidia’s board from 1993 to 2006 and again since 2008. Since 2012, Stevens has been managing partner of S-Cubed Capital, a private family office investment firm. From 1993 to 2011 he was managing partner of venture capital firm Sequoia Capital and has also held positions at Intel Corp. (INTC) and Hughes Aircraft Co. He has a net worth of $8.4 billion as of July 2024, placing him at #303 on the Forbes billionaires list.

Top 3 Institutional Shareholders

More than 5,500 institutions filing 13Fs hold Nvidia stock as of Q1 2024. Of these, 124 hold 10% or more of their portfolio in Nvidia. Roughly 67.5% of all outstanding Nvidia shares are held by institutional shareholders.

Vanguard Group Inc.

Vanguard Group owns 2.13 billion shares of Nvidia, representing 8.7% of total shares outstanding, according to the company’s 13F filing for the period ending March 31, 2024. The company is primarily a mutual fund and ETF management company with about $8.6 trillion in global assets under management (AUM) as of year-end 2023. The Vanguard Information Technology ETF (VGT) has nearly $80.0 billion in AUM. Nvidia is the third-largest holding in the fund’s portfolio, at about 14% of fund assets.

BlackRock Inc.

BlackRock owns 1.82 billion shares of Nvidia, representing 7.4% of total shares outstanding, according to the company’s 13F filing for the period ending March 31, 2024. The company is primarily a mutual fund and ETF management company with approximately $10.5 trillion in AUM. The iShares PHLX Semiconductor ETF (SOXX) has about $15.6 billion in AUM. Nvidia is the second-largest holding in the fund’s portfolio, at about 8.4% of fund assets.

Fidelity Institutional Asset Management

FMR LLC, also known as Fidelity, owns 1.15 billion shares of Nvidia, representing 7.0% of total shares outstanding, according to the company’s 13F filing for the period ending March 31, 2024. Fidelity is one of the nation’s largest financial services companies and offers investment management, retirement options, brokerage, financial planning, and wealth management services. 

The company owns investment management firm Fidelity Investments, which has a total discretionary AUM of approximately $5.3 trillion. The firm manages a range of ETFs and mutual funds. The Fidelity Blue Chip Growth Fund (FBGRX) has about $67.2 billion in AUM. As of 2024, Nvidia was the largest holding in the fund’s portfolio, at about 13.8% of fund assets.

Who Are the Owners of Nvidia?

The largest owners of Nvidia stock are asset managers, such as BlackRock and Vanguard. These companies hold Nvidia stock in mutual funds and ETFs on behalf of their clients. Among individual investors, the largest shareholders are company insiders and board members, like founder Jensen Huang.

Is Nvidia an American Company?

Yes. Nvidia was founded in 1993 by American computer scientists Jensen Huang, Chris Malachowsky, and Curtis Priem. Today, it is still headquartered in Santa Clara, Calif., and covers about 80% of the world’s GPU market.

Who Are Nvidia’s Main Competitors?

Historically, Nvidia’s main competitors have been other chipmakers, such as Advanced Micro Devices (AMD) and Intel (INTC). However, with the explosive growth of generative AI, other tech companies like Google and Amazon are also investing in chip architecture, while many new startups are also securing funding.

The Bottom Line

With the growth of generative AI, chipmaker Nvidia has become one of the most valuable companies in the world. Although institutions like Vanguard and BlackRock are the largest shareholders, company insiders and directors also have significant stakes.

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