Largest Nvidia Shareholders: Who Owns the Most NVDA Stock in 2024?

Semiconductor firm Nvidia (NVDA) is at the forefront of the artificial intelligence (AI) revolution, dominating the supply of not only the graphic processing units (GPUs) that are used to train AI models but also the associated software.

In addition to AI, the company is active in supplying the gaming, high-performance computing, mobile computing, and automotive sectors.

The company reported record full-year revenue of $60.9 billion in 2023, up 126% from a year earlier. In May 2024, Nvidia surpassed expectations again with a quarter where earnings easily beat forecasts. It reported earnings of $5.98 per share and revenues of $26 billion.

The NVDA share price has soared by more than 200% in the past year and 3,362% over the past five years, placing it among the so-called “Magnificent Seven” high-performing tech stocks.

If you’re considering investing in Nvidia, understanding its shareholding structure and largest owners is key, as substantial share sales and purchases can affect the stock price.

Who are the stakeholders of Nvidia who have benefitted most from the meteoric rise in the share price over the past few years? Let’s look at who owns the most NVDA stock today.

Table of Contents Table of Contents

1. Key Takeaways
2. Nvidia Shareholders Analysis
3. Who Owns the Most Nvidia Shares?
4. The Bottom Line
5. FAQs
6. References

Show Full Guide

Table of Contents

1. Key Takeaways
2. Nvidia Shareholders Analysis
3. Who Owns the Most Nvidia Shares?
Show Full Guide
4. The Bottom Line
5. FAQs
6. References

Nvidia Shareholders Analysis

Nvidia has a total outstanding, or circulating, stock count of 2,459,834,197 shares as of April 29, 2024, according to its most recent report.

There are 6,221 institutional Nvidia shareholders that have filed 13D/G or 13F forms with the US Securities Exchange Commission (SEC), with combined holdings of 1.8 billion shares, data from Fintel shows.

Approximately 13.93% of Nvidia stock is owned by institutional investors, 0.40% by insiders, and 85.66% by public companies and individual investors, according to TipRanks data as of 13 June, 2024.

Historical Nvidia stock performance highlights the story of the company’s success.

Note that past performance is not indicative of future results.

Who Owns the Most Nvidia Shares?

The largest Nvidia shareholders include the world’s best-known asset management firms as well as company insiders. They typically invest in Nvidia as it is one of the largest companies in the S&P 500 index and a major technology stock.

The company’s five largest Nvidia shareholders? as of April 2024 are:

Top Nvidia executives and board members are also among Nvidia’s major shareholders as they hold substantial stakes in the company as part of their compensation packages.

Top 5 Individual Investors

Jen Hsun Huang – 86,752,723 Shares – 3.52%

Nvidia’s visionary co-founder, president, and chief executive officer (CEO), “Jensen” Huang, is the company’s fourth largest overall shareholder with a 3.5% stake. Huang co-founded Nvidia in 1993 and has led the company ever since, driving its innovative approach to developing computer gaming and design chips.

The run-up in the NVDA share price has increased his wealth significantly, putting Huang among the 20 richest individuals in the world with an estimated net worth of $75.1 billion.

Huang held more than 86 million shares as of March 20, 2024, an SEC filing shows.

Mark A. Stevens – 4,069,181 Shares – 0.16%

Stevens joined Nvidia’s board of directors in 2008 and previously served as a director from its founding in 1993 until 2006. He is a member of the board’s Audit Committee and the Nominating and Corporate Governance Committee.

Stevens has been the managing partner of private family office investment firm S-Cubed Capital since 2012. He was previously a managing partner at venture capital investment firm Sequoia Capital from 1993 to 2011 and had held technical sales and marketing positions at Intel.

Stevens is the second insider who owns Nvidia stock, holding more than 4 million shares in Nvidia as of April 5, 2024, representing a 0.16% stake in the company.

Tench Coxe – 3,787,612 Shares – 0.15%

Coxe has been a member of Nvidia’s board of directors since 1993 and is a member of the Compensation Committee. He also serves on the board of Artisan Partners Asset Management, an institutional money management firm.

Coxe was a managing director of venture capital investment firm Sutter Hill Ventures from 1989 to 2020, where he focused on IT investments. Prior to joining Sutter Hill Ventures in 1987, he was marketing director at Digital Communication Associates.

One of the top individual shareholders of Nvidia, Coxe owned 3.8 million Nvidia shares as of March 5, 2024, an SEC filing showed.

Harvey C. Jones – 749,980 Shares – 0.03%

Jones joined the Nvidia board in 1993 and is a member of its Nominating and Corporate Governance Committee and the Compensation Committee.

Jones is an entrepreneur, high technology executive, and active venture investor and has been the managing partner of private investment firm Square Wave Ventures since 2004.

Jones held 749,980 shares in Nvidia as of February 23, 2024, according to an SEC filing.

Collette Kress – 622,083 Shares – 0.03%

Executive vice president and chief financial officer (CFO) at Nvidia, Colette Kress, joined the company in September 2013, having taken on various finance roles at major technology companies over 25 years.

Kress previously worked at Cisco’s Business Technology and Operations Finance organization and held senior finance roles at Microsoft and Texas Instruments.

Kress owned 622,083 Nvidia shares as of her most recent SEC filing on March 20, 2024.

Top 5 Institutional Investors

Vanguard Group – 213,335,626 Shares – 8.67%

Vanguard is one of the Big Three index fund managers, along with Blackrock and State Street, providing investors with access to portfolios of stocks or bonds that track the composition and performance of a financial market index.

Vanguard is the world’s largest mutual fund provider and the second-largest provider of exchange-traded funds (ETFs) after BlackRock. The asset manager is known to promote low-cost investment funds for individuals, and the company has more than 30 million individual investors. Vanguard had $8.9 trillion in assets as of the end of December 2023.

Vanguard is the largest Nvidia owner with an 8.67% stake, as it invests in the company as a component of the S&P 500 as well as for its total stock market and tech investment funds.

According to the latest SEC filing, showing Vanguard’s holdings at the end of March 2024, the company owned 213.3 million Nvidia shares, accounting for more than an 8% stake.

Blackrock – 182,238,925 Shares – 7.4%

As the world’s largest asset manager, with $10 trillion assets under management as of December 31, 2023, it’s no surprise that Blackrock is a major owner of Nvidia shares.

Blackrock provides investment, advisory, and risk management solutions to customers in more than 100 countries. The firm offers a range of funds and portfolios that invest in assets such as equities, money market instruments, and fixed income and manages the iShares portfolio of stock market ETFs, which generates a large proportion of the firm’s revenue from management fees.

Blackrock’s latest SEC filing updating its Nvidia holdings showed that the company held 182.2 million NVDA shares at the end of March 2024, accounting for a 7.4% stake. That was up from 179.8 million shares a year earlier.

Fidelity Investments (FMR) – 115,103,698 Shares – 4.67%

Fidelity Management & Research Company (FMR) acts as the investment advisor to Fidelity’s family of mutual funds. FMR has three fund divisions: Equity, High-Income, and Fixed-Income. The company’s portfolio managers, analysts and traders research, buy and sell securities for Fidelity’s investment funds.

Fidelity had nearly 50 million individual investors, $12.6 trillion assets under administration, and $4.9 trillion in total discretionary assets as of December 31, 2023, according to its website.

A Q1 2024 filing with SEC showed that FMR owned 115.1 million Nvidia shares, representing a 4.67% stake in the company. That was up from a filing a year earlier showing FMR owned 138.7 million shares – indicating a reduction in its stake.

State Street – 90,489,417 Shares – 3.67%

State Street provides financial services, including investment management, investment research and trading, and investment servicing to institutional investors around the world. It is the second-oldest continually operating bank in the US, as its predecessor, Union Bank, was founded in 1792.

The firm is the third largest ETF provider on the US stock market through State Street Global Advisors, its asset management arm.

The latest SEC filing showed that State Street owned 90.4 million Nvidia shares as of the end of March 2024, up from 88.7 million in a November 2023 filing.

Geode Capital Management – 52,494,299 Shares – 2.13%

Geode Capital Management is a spin-off from Fidelity Investments. The firm manages Fidelity’s index funds as a sub-advisor and also manages assets for institutional and retail investors.

As of March 31, 2024, the firm held just above 52.4 million shares in Nvidia, according to the latest SEC filing, up from 48.5 million disclosed in a November 2023 filing.

The Bottom Line

Nvidia’s biggest shareholders include the world’s largest asset management firms, such as Vanguard, Blackrock, and Fidelity, as well as company executives, such as CEO Jensen Huang and CFO Colleen Kress.

A company’s largest shareholders can have an effect on its share price performance. However, this is typically not the main driver for the value of a stock. If you are considering making an investment, you should consider other factors before you make a decision.

FAQs