If you’ve been keeping an eye on the stock market in 2024, you’ve probably noticed the incredible performance of Nvidia (NASDAQ: NVDA). This technology stock has outshone its competitors, with shares soaring by about 150% in the first half of the year. In fact, Nvidia recently became the third company to reach a market capitalization of over $3 trillion, joining the ranks of Microsoft and Apple.
With all the buzz surrounding Nvidia, you might be wondering who has benefited the most from its meteoric rise and whether it’s a smart move to add it to your portfolio. Let’s take a closer look at who owns the most shares of Nvidia and whether it’s a good investment opportunity.
Who Owns the Most Nvidia Shares?
Nvidia recently completed a 10-for-1 stock split, increasing its outstanding share count to approximately 25 billion shares. The table below shows the top internal shareholders of the company:
- Jen-Hsun "Jensen" Huang, Chief Executive Officer: 866.3 million shares (3.5% ownership)
- Colette Kress, Chief Financial Officer: 6.1 million shares (0.02% ownership)
- Debora Shoquist, Executive Vice President, Operations: 2.4 million shares (0.01% ownership)
- Jay Puri, Executive Vice President, Worldwide Field Operations: 1.5 million shares
- Tim Teter, Executive Vice President, General Counsel, and Secretary: 1.1 million shares
Jensen Huang, Nvidia’s CEO, is the largest internal shareholder with a 3.5% stake in the company. As one of Nvidia’s co-founders, Huang’s long tenure at the company has allowed him to amass a significant ownership position, with his shares valued at around $108 billion.
Outside of Management, Who Else Owns Nvidia Shares?
Beyond the executive suite, several members of Nvidia’s board of directors are significant holders of the stock. Mark Stevens, a former Intel executive turned venture capitalist, is the second-largest individual owner of Nvidia shares. Since joining the board in 2008, Stevens has accumulated nearly 40 million shares, worth almost $5 billion.
Other venture capitalists on Nvidia’s board, including Harvey Jones, Tench Coxe, and Brooke Seawell, have collectively amassed approximately 16 million shares. These board members have had long-standing relationships with the company, reflecting their confidence in Nvidia’s growth prospects.
Should You Consider Investing in Nvidia?
Many of Nvidia’s largest shareholders have built their positions over decades, highlighting their conviction in the company’s leadership and future growth. While past shareholders like Chris Malachowsky and Curtis Priem missed out on substantial wealth by selling their shares early, others like SoftBank could have realized massive gains if they had held onto their positions.
Investing in a company like Nvidia requires a long-term perspective and belief in its management and market opportunities. While Nvidia has been a top-performing stock, the key to building wealth through investing is holding onto winning stocks for the long haul.
Should You Invest in Nvidia Right Now?
Before jumping into Nvidia, consider this: the Motley Fool Stock Advisor analyst team has identified the top 10 stocks for investors to buy now, and Nvidia didn’t make the cut. Their recommendations have historically outperformed the market, with the service quadrupling the return of the S&P 500 since 2002.
If you’re looking to make informed investment decisions and build a successful portfolio, the Motley Fool Stock Advisor provides expert guidance and regular updates. Investing in the right stocks can lead to significant wealth creation over time, so it’s essential to choose companies with strong fundamentals and growth potential.
In conclusion, while Nvidia has been a standout performer in 2024, investors should carefully evaluate their investment thesis and long-term goals before adding it to their portfolio. By staying informed and following expert recommendations, you can make well-informed investment decisions that align with your financial objectives.