Who Owns Nvidia? List of Top 10 Shareholders
Institutional and individual Nvidia shareholders have played a critical role in the company's success and growth. This article will give an overview of the top ten largest shareholders of Nvidia (NVDA) and insight into Nvidia’s shareholder ownership structure.
Table of Contents
Key Takeaways
- Nvidia (NVDA) is a leading technology company with a current revenue of 26.04 billion.
- Currently, the company has about 24.62 billion outstanding shares.
- Nvidia’s institutional shareholders allow the company to focus on research and development.
- Nvidia’s biggest individual shareholders are mostly board members.
Nvidia Shareholders Ownership Structure
Intending to develop a single-chip graphics solution for handling both 2D and 3D graphics, Jen-Hsun (Jensen) Huang, Chris Malachowsky, and Curtis Priem founded Nvidia in 1993. The support of venture capitalists such as Sequoia Capital enabled Nvidia to focus on Research and Development as well as building an engineering team. Two years after its inception, Nvidia released its first product; the NV1. It could render both 2D and 3D, integrate sound, and have a relatively high memory.
As the card's technology was not compatible with many games, Nvidia did not achieve commercial success with the NV1. The breakthrough came in 1999 when Nvidia introduced the first GPU (graphics processing unit), GeForce 256. This GPU became a standard unit in the computing industry as it significantly increased graphics performance. That same year, Nvidia went public with an initial offering price of $12 per share.
Nvidia had strong institutional ownership, which attracted even more investors as it signalled that there was confidence in the growth of the company. With the help of the investors, the company was able to continue the research and development of GPU technology, but could also expand into artificial intelligence and autonomous driving. While co-founder Priem left Nvidia in 2003 and Malachowsky took on an advisory role, Nvidia CEO Huang led the company to further growth.
There were milestones in 2006, when Nvidia introduced a parallel computing platform and API model CUDA, in 2016, when they released the Pascal GPU architecture and in 2020, when Nvidia intended to acquire ARM Holding for $40 billion. In 2022 the ARM Holding deal fell through due to regulatory challenges, yet it did signal to investors that Nvidia is financially strong and aims to grow and expand its influence.
Nvidia Shareholders: The Top 5 Institutional Owners
Below are the five largest institutional shareholders of Nvidia.
1. Vanguard Group
Nvidia’s biggest shareholder is Vanguard Group, one of the largest asset management companies worldwide. It was founded in 1975 and pioneered in low-cost index funds. With the unique mutual company structure, Vanguard Group is owned by its shareholders. The company allows institutional and individual investors to invest in services and products such as brokerage services, retirement planning, and ETFs. Vanguard holds about 2.13 billion Nvidia shares, which is 8.7% of the total stock and worth about $287 billion.
2. BlackRock Inc
The leading company in asset management BlackRock Inc. was founded in 1988 and focuses on risk management, investment strategies and financial technology. BlackRock Inc. allows both institutional and individual investors to invest in a wide range of products and services, such as ETF advisory services, and alternative investments. BlackRock Inc. holds about 1.82 billion Nvidia shares, which is 7.4% of the total stock and worth about $245 billion.
3. Fidelity Management & Research
Fidelity Management & Research was founded in 1946. The company is held privately and is still primarily owned by the family of the founder, Johnson. Fidelity is a leading mutual fund company and offers a wide variety of products and services, such as retirement services, wealth management and mutual funds. Fidelity Management & Research holds about 1.15 billion Nvidia shares, which is 7.0% of the total stock and worth about $155 billion.
4. State Street
One of the largest custodian banks in the world, State Street, was founded in 1792. The State Street Corporation included an asset management arm in 1978. It offers financial services such as research, trading, and investment management. State Street was the first to launch an ETF in the United States, which is still one of the world’s largest ETFs. State Street holds about 905 million Nvidia shares, 3.7% of the total stock and worth about $122 billion.
5. Geode Capital Management
Geode Capital Management was founded in 2001. This investment management firm is known to analyze the market and detect investing opportunities by using quantitative investment strategies. The company offers index funds and quantitative funds to institutional investors. Geode Capital Management holds about 525 million Nvidia shares, 2.1% of the total stock and is worth about $70 billion.
Nvidia Shareholders: The Top 5 Individual Owners
Below are the five largest individual shareholders of Nvidia.
1. Jensen Huang
The co-founder and CEO of Nvidia, Jensen Huang, was born in Taiwan and got his degrees in electrical engineering and Master of Science in Electrical Engineering after moving to the United States. From the start, Huang has been important for Nvidia’s growth, strategy and success as a leader in GPUs and AI technology. At the time of writing, Huang holds 86.6 million Nvidia shares. This makes for a shareholding of $11 billion and represents 0.35% of the total shares.
2. Mark Stevens
Former board member and an important early investor, Mark Stevens, was a partner at Sequoia Capital. With his experience in venture capital, he was able to help guide Nvidia with strategies in the early stages of the company. He is no longer a board member but still holds 4.1 million shares, which is 0.16% of the total stock and $553 million.
3. Tench Coxe
Tench Coxe is another former board member and early investor. Up until recently, he was the Managing Director of the venture capital investment firm Sutter Hill Ventures and joined the Nvidia board in 1993. Coxe holds about 3.8 million Nvidia shares, 0.15% of the total stock and $512 billion.
4. Harvey Jones
The current managing partner of Square Wave Ventures, Harvey Jones, joined the Nvidia board in 1993. At this time, he was CEO of the electronic design automation company, Synopsys, Inc. With his experience in leadership and knowledge of the industry, Jones was an important member of Nvidia’s board. The number of shares Jones has is 749,980, which is 0.03% of all Nvidia shares, and totals an amount of $101 million.
5. Colette Kress
Executive Vice President and Chief Financial Officer Colette Kress joined Nvidia in 2013. Prior to joining Nvidia, she worked at Cisco and Microsoft in senior financial roles. Kress is currently responsible for financial strategies and relations with investors. She owns 622,083 shares, which is 0.03% and worth about $83 million.
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Conclusion
Technology will continue to advance, and with the expansion into AI, the continuous demands in the gaming industry as well as autonomous vehicles, Nvidia seems to be at the centre of many of these developments. Some investors will therefore trust in the financial stability of Nvidia. Others may point at risks such as the highly competitive semiconductor and GPU industry, dependency of Nvidia on key customers, and volatility of stock prices in the technology sector.
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FAQs on Largest Nvidia Shareholders
Who are the biggest shareholders of Nvidia?
The largest institutional shareholders are Vanguard Group, BlackRock Inc., Fidelity Management & Research, State Street and Geode Capital Management. The largest individual shareholders are Jensen Huang, Mark Stevens, Tench Coxe, Harvey Jones and Colette Kress.
Who owns Nvidia now?
Nvidia is owned by its shareholders. Institutional investors include Vanguard, BlackRock and Fidelity. Individual investors include Jensen Huang, Mark Stevens and Tench Coxe.
How many NVDA shares are there?
Currently, the number of Nvidia shares outstanding is 24.62 billion.
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