Nvidia Corp. (NVDA) was founded in Santa Clara, California in 1993 and was originally a silicon chip company that specialized in graphics processing units (GPUs). Nvidia has grown dramatically on a global scale as it positioned itself as a leader in visual computing, gaming, visualization, data centers, cryptocurrency mining, and artificial intelligence.
The top individual shareholders of Nvidia are Jen-Hsun ("Jensen") Huang, Mark A. Stevens, and Tench Coxe. The top institutional shareholders are Vanguard Group Inc., BlackRock Inc. (BLK), and FMR LLC.
Nvidia posted a 12-month trailing net income of $42.6 billion as of July 2024 and a 12-month trailing revenue of $79.8 billion for the same period. This represents a net profit margin of 53%. The company had a market capitalization of $2.6 trillion as of July 30, 2024 and has become one of the world's most valuable companies.
Key Takeaways
- Nvidia is a leading manufacturer of graphics processing units (GPUs).
- The biggest Nvidia shareholders are institutional investors including BlackRock and Vanguard.
- Founder Jen-Hsun ("Jensen") Huang is the largest individual shareholder with approximately 4% of outstanding shares.
- Nvidia has become one of the most valuable tech companies in the world with the growth of generative AI.
Top 3 Individual Insider Shareholders
This list reflects direct ownership. It doesn't include indirect ownership of shares or shares accessible through stock options.
The term "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. It has nothing to do with insider trading in this context.
Jen-Hsun ("Jensen") Huang
Jen-Hsun Huang, who goes by Jensen Huang, owned 93,463,791 shares of Nvidia as of March 2024, representing 3.79% of all outstanding shares.
Huang founded the company in 1993 and serves as president and CEO. He's also a director of Nvidia. Huang worked for chip manufacturer LSI Logic Corp. and semiconductor company Advanced Micro Devices Inc. (AMD) before establishing Nvidia. Huang is listed as #14 on the Forbes billionaires list with a net worth of about $92.4 billion at the end of July 2024.
Mark A. Stevens
Mark A. Stevens owned 4,102,881 shares of Nvidia as of March 2024, representing less than 0.01% of all outstanding shares.
Stevens served on Nvidia's board from 1993 to 2006 and has again served since 2008. Stevens has been managing partner of S-Cubed Capital, a private family office investment firm, since 2012. He was managing partner of venture capital firm Sequoia Capital From 1993 to 2011 and has also held positions at Intel Corp. (INTC) and Hughes Aircraft Co. He has a net worth of $7.6 billion as of July 30, 2024, placing him at #365 on the Forbes billionaires list.
Tench Coxe
Tench Coxe owned 3,785,524shares of Nvidia as of March 2024, representing less than 0.01% of all outstanding shares.
Coxe has been a Nvidia board member since 1993 and has accumulated enough shares to become a billionaire. He came to Nvidia from the world of venture capital. He served as a managing director for Sutter Hill Ventures from 1989 to 2020 and on the boards of Mattersight Corp. and Artisan Partners Asset Management. His net worth is $4.7 billion as of July 2024, putting him at #677 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 owned 2.13 billion shares of Nvidia as of July 30, 2024, representing 8.67% of total shares outstanding.
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 owned 1.82 billion shares of Nvidia as of July 30, 2024, representing 7.41% of total shares outstanding.
BlackRock 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.
FMR, LLC
FMR, LLC is the official name of Fidelity Management & Research, now known as Fidelity Investments. The company owned 1.15 billion shares of Nvidia as of July 30, 2024, representing 4.68% of total shares outstanding.
Fidelity is one of the nation's largest financial services companies. It offers investment management, retirement options, brokerage, financial planning, and wealth management services.
Fidelity 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. Nvidia was the largest holding in the fund's portfolio as of 2024 at about 13.8% of fund assets.
Who Are the Owners of Nvidia?
Asset managers such as BlackRock and Vanguard are the largest owners of Nvidia stock. These companies hold Nvidia stock in mutual funds and ETFs on behalf of their clients. The largest shareholders among individual investors 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. It's still headquartered in Santa Clara, California and it covers about 80% of the world's GPU market.
Who Are Nvidia's Main Competitors?
Nvidia's main competitors have historically been other chipmakers such as Advanced Micro Devices (AMD) and Intel (INTC). Other tech companies like Google and Amazon are also investing in chip architecture, however, with the explosive growth of generative AI. Many startups are also securing funding.
The Bottom Line
Chipmaker Nvidia has become one of the most valuable companies in the world with the growth of generative AI. Institutions like Vanguard and BlackRock are the largest shareholders but company insiders and directors also have significant stakes.
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