Nvidia (NASDAQ: NVDA) has entered December riding high on its extraordinary momentum, further cementing its leadership in the artificial intelligence (AI) chip market. The stock has consistently outpaced the S&P 500, nearly doubling its gains, while capturing significant investor enthusiasm.
Over the past five years, Nvidia’s share price has surged by an astonishing 2,500%, with a projected 190% gain for 2024 alone.
As the company reaps the rewards of triple-digit revenue growth and market leadership in AI chips, its shareholder base remains a key area of interest, showcasing a mix of institutional, retail, and individual investors. As 2024 winds down, here’s a closer look at Nvidia’s top shareholders.
Nvidia’s largest individual investors
It should come as no surprise that Jensen Huang, the co-founder, president, and CEO of Nvidia, is the largest individual shareholder of the company. Since founding Nvidia with colleagues in 1993, Huang has played a critical role in transforming the company into a leader in artificial intelligence and graphics processing.
Currently, Huang holds 75,415,836 Nvidia shares in direct ownership, alongside a staggering 783 million shares held through various trusts and partnerships.
Beyond Huang, Nvidia’s executive team holds notable stakes in the company. Chief Financial Officer Colette M. Kress owns 4,954,214 shares, equivalent to 0.81% of Nvidia’s stock, valued at an estimated $705.7 million.
Debora Shoquist, Executive Vice President of Operations, holds 934,844 shares, representing 0.15% of the company’s total, worth $133.2 million. Similarly, Ajay K. Puri, Executive Vice President of Worldwide Field Operations, owns 921,307 shares, valued at $131.2 million.
Among the board members, billionaire venture capitalist Mark A. Stevens stands out with 12,920,618 shares, accounting for 2.11% of Nvidia’s outstanding stock. His stake is valued at $1.84 billion, making him a significant shareholder outside the executive leadership.
Institutional investors dominate Nvidia’s ownership
While insiders hold just 3.9% of Nvidia’s stock, institutional investors dominate, accounting for 65.27% of outstanding shares.Vanguard Group Inc. leads the charge with an 8.75% stake, translating to approximately 2.14 billion shares. BlackRock (NYSE: BLK). follows closely with 7.51% (1.84 billion shares), signaling strong confidence in Nvidia’s long-term prospects.
Other top institutional players include FMR Inc., holding 4.07% (997.7 million shares), State Street Corp. at 3.86% (945.7 million shares), and Geode Capital Management LLC, rounding out the list with a 2.23% stake (546 million shares).
Challenges and opportunities ahead
While Nvidia’s past performance and market leadership in AI are undeniably impressive, future success will hinge on its ability to innovate and navigate emerging challenges.
Investors should keep a close eye on Nvidia’s strategic moves, potential risks, and broader market trends to make informed decisions.
Ultimately, it is the company’s forward momentum—driven by its leadership in cutting-edge technology—that will shape the returns for its shareholders in the years to come.
Featured image via Shutterstock
