What smart money is saying about Nvidia

NVDA · Technology · Semiconductors · Market cap $5133.40B

16 funds in our archive have pitched Nvidia — most recently Longriver Partners Fund in July 2026.

Company profile

NVIDIA Corporation stands as a prominent provider of advanced graphics, computational, and networking solutions, operating across the United States, Taiwan, China, and numerous international markets. Its Graphics division encompasses GeForce GPUs, central to PC gaming and personal computing experiences, along with the GeForce NOW cloud gaming service and its supporting infrastructure, as well as dedicated solutions for various gaming platforms. For professional visualization, it provides Quadro and NVIDIA RTX GPUs for enterprise workstations, further offering vGPU software designed for cloud-centric visual and virtual computing, automotive platforms for in-vehicle infotainment, and the Omniverse software suite, facilitating 3D design and virtual world creation. The Compute & Networking segment is a cornerstone for AI, high-performance computing (HPC), and accelerated data center platforms. It integrates Mellanox networking and interconnect solutions, delivers automotive AI Cockpit technologies, fosters autonomous driving development through strategic agreements, and offers comprehensive autonomous vehicle solutions. This segment also manufactures cryptocurrency mining processors, supplies Jetson platforms for robotics and other embedded applications, and offers enterprise AI software, including NVIDIA AI Enterprise. These diverse offerings find widespread application across the gaming, professional visualization, data center, and automotive sectors. NVIDIA distributes its portfolio through a broad ecosystem, engaging original equipment and device manufacturers, system integrators, add-in board makers, retail channels, software vendors, internet and cloud service providers, automotive companies (both manufacturers and tier-1 suppliers), mapping firms, nascent technology ventures, and other industry stakeholders. A notable strategic partnership exists with Kroger Co. Founded in 1993, NVIDIA Corporation maintains its corporate headquarters in Santa Clara, California.

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Reported positions

Bought

Sold

Letters

Position history

Between Q1 2025 and Q3 2026, 26 fund letters reported a position in Nvidia — 5 opened or added to the position.

Fund letters reporting a position in Nvidia, by quarter
Quarter	Letters	Bought	Theses
Q3 2026	2	0	1
Q2 2026	17	3	5
Q1 2026	7	2	4
Q3 2025	0	0	2
Q2 2025	0	0	1
Q1 2025	0	0	3

Fund activity · 26 positions · 5 moves

HoldsACATIS Investment Report
July 2026
“Nvidia has been in the portfolio since 2016, and Palantir since 2022 - long before artificial intelligence became the dominant market topic.”
Read the letterNvidia
HoldsLongriver Partners Fund
July 2026
“Our Fund has been invested in TSMC and Meta since 2023, and Nvidia since 2025.”
Read the letterNvidia
HoldsVision Capital Fund
June 2026
“It is why we own NVIDIA and TSMC thus far, and not memory stocks or the AI supply chain.”
Read the letterNvidia
HoldsGuinness Global Innovators Fund
June 2026
“Nvidia (chip designer)”
Read the letterNvidia
HoldsHarding Loevner Global Developed Markets Equity
June 2026
“For example, our assessment of competitive advantage places NVIDIA, TSMC, and ASML above most other semiconductor-related businesses.”
Read the letterNvidia
HoldsJensen Quality Growth Fund
June 2026
Listed in Jensen Quality Growth Fund’s reported holdings.
Read the letterNvidia
HoldsHarding Loevner Global Equity ADR
June 2026
“For example, our assessment of competitive advantage places NVIDIA, TSMC, and ASML above most other semiconductor-related businesses.”
Read the letterNvidia
New positionClearBridge Investments Dividend Strategy
June 2026
“During the quarter we initiated a meaningful position in Nvidia, after the company announced a 25-fold increase in its dividend, taking its yield from almost zero to 0.5%.”
Read the letterNvidia
HoldsEdgewood Large Cap Growth Composite
June 2026
“These new positions complement existing holdings such as Synopsys, Amphenol, NVIDIA, Intuitive Surgical, and Axon, which already give us exposure to this theme.”
Read the letterNvidia
HoldsRoyal London AM Global Equity Diversified Fund
June 2026
Listed in Royal London AM Global Equity Diversified Fund’s reported holdings.
Read the letterNvidia
HoldsRoyal London AM Royal London US Equity Trust
June 2026
Listed in Royal London AM Royal London US Equity Trust’s reported holdings.
Read the letterNvidia
HoldsSaltLight Capital Co‑Investor Letter
June 2026
“Take NVIDIA’s CUDA software moat first.”
Read the letterNvidia
New positionAve Maria Funds
June 2026
“The Fund also initiated positions in Intel Corporation, Nvidia Corporation, and Taiwan Semiconductor Manufacturing Company Ltd. during the quarter to increase the Fund’s exposure to the A.I. buildout.”
Read the letterNvidia
HoldsArtisan Partners US Focus Fund
June 2026
“Taiwan Semiconductor, Applied Materials, Analog Devices, NVIDIA, Astera Labs and Seagate contributed meaningfully as part of our Compute Infrastructure theme.”
Read the letterNvidia
HoldsArtisan Partners Antero Peak Strategy
June 2026
“Taiwan Semiconductor, Applied Materials, Analog Devices, NVIDIA, Astera Labs and Seagate contributed meaningfully as part of our Compute Infrastructure theme.”
Read the letterNvidia
HoldsRoyal London AM Global Equity Select Fund
June 2026
Listed in Royal London AM Global Equity Select Fund’s reported holdings.
Read the letterNvidia
New positionRoyal London AM Global Equity Income Fund
June 2026
“we view this as an opportune moment to initiate a position in the fund.”
Read the letterNvidia
HoldsRoyal London AM Global Equity Enhanced Fund
June 2026
Listed in Royal London AM Global Equity Enhanced Fund’s reported holdings.
Read the letterNvidia
HoldsRoyal London AM Global Equity Diversified Fund (IRL)
June 2026
Listed in Royal London AM Global Equity Diversified Fund (IRL)’s reported holdings.
Read the letterNvidia
HoldsBuffalo Growth Fund
March 2026
Listed in Buffalo Growth Fund’s reported holdings.
Read the letterNvidia
HoldsBuffalo Blue Chip Growth Fund
March 2026
Listed in Buffalo Blue Chip Growth Fund’s reported holdings.
Read the letterNvidia
HoldsHardman Johnston Large Cap Equity
March 2026
“Microsoft Corp. United States 3.1 Software NVIDIA Corp. United States 4.0 Semiconductors & Semiconductor Equipment”
Read the letterNvidia
HoldsHardman Johnston Select Equity
March 2026
“NVIDIA Corp. United States 6.0 Semiconductors & Semiconductor Equipment”
Read the letterNvidia
HoldsHL Global Carbon Transition Equity
March 2026
Listed in HL Global Carbon Transition Equity’s reported holdings.
Read the letterNvidia
AddedMar Vista U.S. Quality Strategy
March 2026
“We added to our holdings in Broadcom (AVGO), GE Aerospace (GE), Netflix (NFLX) and NVIDIA (NVDA) and trimmed Intuit (INTU), Linde (LIN) and Taiwan Semiconductor (TSM).”
Read the letterNvidia
New positionFlexible Equity Fund
March 2026
“During the quarter, we added three new positions—NVIDIA Corporation (NVDA), SAP SE Sponsored ADR (SAP), and Watsco, Inc. (WSO)—while exiting T- Mobile (TMUS), Workday, Inc. (WDAY), and Uber Technologies (UBER)”
Read the letterNvidia

Also mentioned · 21

These funds discuss Nvidia — as a competitor, benchmark or comparable — without disclosing a position in it.

MentionedGeneration IM Global Equity Strategy
July 2026
“At the extreme, Nvidia is expected to deliver a CFROI of over 80% this year – a feat only 0.02% of stocks have managed for a full decade.”
Read the letterNvidia
MentionedAlpha Wealth Fund The Insiders Fund
July 2026
“Although the U.S Government, Nvidia, and others have taken significant stakes last year.”
Read the letterNvidia
MentionedTroy Asset Management Global Equity Strategy
July 2026
“The leading AI labs face their own daunting hill towards self-sufficiency.”
Read the letterNvidia
MentionedHosking Partners
June 2026
“four stocks - Nvidia, Micron, Broadcom, and Sandisk - will account for 40 percentage points of that.”
Read the letterNvidia
MentionedWedgewood Partners Large Cap Focused Strategy
June 2026
“More recent demand signals from customers - including Nvidia, Broadcom, and even Micron - indicate AI-related growth of over 50% per annum through 2029.”
Read the letterNvidia
MentionedHarding Loevner International Developed Markets Equity
June 2026
“Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades,”
Read the letterNvidia
MentionedCDT Capital
June 2026
“In the top ten of the S&P 500 constituents, Nvidia and Micron alone now represent approximately 8.6% of the total market index”
Read the letterNvidia
MentionedDistillate Capital
June 2026
“The hyperscalers and NVIDIA have committed around $180 billion to OpenAI and Anthropic, who in turn spend much of that investment with those same companies.”
Read the letterNvidia
MentionedHarding Loevner International Equity
June 2026
“Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades,”
Read the letterNvidia
MentionedHarding Loevner Emerging Markets Equity
June 2026
“Nvidia, headquartered just 40 miles south in Santa Clara, became the dominant supplier of the graphics processing units (GPUs) used to train advanced AI models.”
Read the letterNvidia
MentionedFocus Capital Management Fund
June 2026
“both from their partnership with Nvidia on DPU boot drive chips as well as their MonTitan controller chips aimed squarely at data centers and hyperscalers, which have been gaining real traction in the market.”
Read the letterNvidia
MentionedCDT Capital (CDT)
June 2026
“In the top ten of the S&P 500 constituents, Nvidia and Micron alone now represent approximately 8.6% of the total market index,”
Read the letterNvidia
MentionedHorizon Kinetics
June 2026
“Even NVIDIA, the most valuable company in the world, with free cash flow of almost $120 billion in the past four quarters, just raised $25 billion in debt.”
Read the letterNvidia
MentionedBronte Capital Amalthea Fund
June 2026
“Google and the others are buyers of AI equipment. The companies that have performed best are sellers of AI equipment, above all the memory (chip) companies.”
Read the letterNvidia
MentionedBlue Whale Growth Fund
June 2026
“Nvidia’s chips speed up compute-intensive parts of applications.”
Read the letterNvidia
MentionedClearBridge Investments Large Cap Growth Strategy
June 2026
“the first beneficiary in 2024 was GPU leader Nvidia; 2025 saw Broadcom take market share in custom silicon for AI applications; in 2026 leadership has shifted to AI infrastructure”
Read the letterNvidia
MentionedHarding Loevner International Equity ADR
June 2026
“Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades, with returns on invested capital consistently above its cost of capital.”
Read the letterNvidia
MentionedGiverny Capital Asset Management Model Portfolio
June 2026
“Massive IPOs either completed or on tap from AI darlings like Space Exploration Technologies, Open AI and Anthropic, plus chunky secondary stock and/or debt offerings from Alphabet, Amazon, Nvidia, Oracle and others may eventually drain what has been a very deep pool of investor liquidity.”
Read the letterNvidia
MentionedHL Global Equity
May 2026
“Company Market Sector Alphabet US Comm Services Amazon.com US Cons Discretionary TSMC Taiwan Info Technology NVIDIA US Info Technology Samsung Electronics South Korea Info Technology Microsoft US Info Technology Schneider Electric France Industrials Meta Platforms US Comm Services ASML Netherlands Info Technology Netflix US Comm Services”
Read the letterNvidia
MentionedBrown Advisory Large‑Cap Sustainable Growth
March 2026
“at the end of the first quarter NVIDIA (NVDA) announced a $2 billion investment in the company, along with a strategic partnership focused on AI infrastructure, validating Marvell Technology’s role in next-gen AI data centers.”
Read the letterNvidia
MentionedLarge-Cap Growth
March 2026
“More recently, shares moved higher following news of an expanded partnership with NVIDIA Corporation (NVDA), including integration into its NVLink ecosystem and a strategic investment, reinforcing Marvell Technology’s role in next-generation AI infrastructure.”
Read the letterNvidia

Fund coverage · 16 theses

Longriver Partners Fund
July 2026
Nvidia sells integrated working computing systems with difficult-to-replace software, scale and supply-chain execution, and inference broadens demand beyond training.
Read the full thesis
Royal London AM Global Equity Income Fund
June 2026
NVIDIA Corporation is being added for its strong earnings, increasing capital returns, and an attractive entry point after multiple derating.
Read the full thesis
SaltLight Capital Co‑Investor Letter
June 2026
NVIDIA faces mounting competition and potential moat erosion, but still benefits from locked-up scarce supply chain inputs and powerful customers with strong cash generation.
Read the full thesis
Baron Opportunity Fund
June 2026
NVIDIA Corporation benefits from a dominant AI infrastructure franchise, strong differentiation, and durable visibility into hyperscaler spending growth.
Read the full thesis
Blue Whale Growth Fund
June 2026
Nvidia’s accelerated computing stack is central to AI and other compute-intensive applications.
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Harding Loevner Global Equity
June 2026
NVIDIA has a durable moat through CUDA, which remains the standard for AI computing, and it continues to innovate rapidly.
Read the full thesis
Nightview Capital
March 2026
NVIDIA is the preferred AI compute platform with leading H100/Blackwell hardware and a sticky software ecosystem, benefiting from rising aggregate demand despite efficiency gains.
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Baron Opportunity Fund
March 2026
NVIDIA is an accelerated computing leader with durable AI infrastructure demand, strong customer adoption, and attractive valuation.
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Flexible Equity Fund
March 2026
NVIDIA Corporation is a leading AI semiconductor company whose leadership in compute demand and more reasonable valuation support an attractive long-term entry point.
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Antipodes Global Value Fund
March 2026
NVIDIA is the dominant AI infrastructure provider with a strong installed base, diversified demand, and attractive long-term growth potential.
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Sands Capital Global Leaders
September 2025
NVIDIA is a key infrastructure provider for the AI super-cycle, with strong demand for its GPUs, a rational valuation, and significant growth opportunities across AI/ML, gaming, and autonomous driving sectors.
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Polen Focus Growth
September 2025
NVIDIA and Broadcom are poised for sustained growth in earnings, projected at around 20% per year over the next 3-5 years, driven by strong demand for AI chips and related infrastructure.
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Baron Durable Advantage Fund
June 2025
NVIDIA Corporation is an attractive investment opportunity due to its increased intrinsic value and strong demand for AI infrastructure despite a recent stock sell-off.
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Loomis Sayles Growth Fund
March 2025
Nvidia is poised for significant long-term growth driven by its dominance in data center revenues, particularly in AI computing, strong gaming prospects, and a high-quality financial model, leading to a compelling investment opportunity at a discounted share price.
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Mar Vista US Quality
March 2025
NVIDIA is seen as an attractive investment opportunity following a significant stock pullback, driven by concerns over a new Chinese AI competitor, with compelling valuations and strong growth prospects in the evolving AI market.
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Platinum
March 2025
Nvidia is positioned to benefit from increased AI-related capital expenditures despite market skepticism, as major tech companies and emerging competitors are likely to invest heavily in generative AI, driving long-term growth and improved valuations.
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