Nvidia stock is generating more wealth than ever before on the S&P 500 index. And some lucky investors are well-positioned to profit.
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10 investors including ETF and investment trust major Vanguard, black rock (BLK) and Fidelity have made about $25 trillion in profits from their holdings in the AI giant — so far this year alone, according to Investor's Business Daily, which analyzed data from S&P Global Market Intelligence and MarketSmith. That's what it means. This comes after NVIDIA stock soared more than 15% on Thursday after the company's fourth-quarter results far beat expectations.
Nvidia's ride quality is breathtaking. It has soared 59% this year, increasing its value by nearly $710 billion. This makes Nvidia his third most valuable S&P 500 company at $1.9 trillion. Nvidia's value was passed over Amazon.com (AMZN), alphabet (GOOGL) and meta platform (meta). It is affecting No.2, apple (AAPL), valued at $2.99 trillion.
“Wide Moat's Nvidia provided investors with an April quarter forecast that significantly exceeded our expectations, while also reporting outstanding revenue and earnings for the quarter,” said Morningstar's Brian Colello. .
Who is making money at Nvidia?
Nvidia is one of the big-ticket companies that has benefited the fund's investors the most. Similar to ETF providers, institutional investors own the majority (67.7%) of the outstanding shares.
And Vanguard is Nvidia's largest investor. The ETF giant holds 204.5 million shares, or 8.3% of outstanding shares. This means that Vanguard alone has increased its position by more than $59 billion this year. And Vanguard investors are winning, too. According to ETF.com, the Vanguard Total Stock Market ETF (VTI) holds more NVIDIA shares (73.7 million shares) than any other ETF.
The iShares Core S&P 500 ETF (IVV) is not far behind with a position of 25.4 million shares. And this reflects that iShares' parent company, BlackRock, owns 7.3% of the company's stock. The value of BlackRock's positions has increased by $125 billion this year alone.
What about founder Jensen Huang?
Mr. Jenfson does not own as many Nvidia shares as the other founders of the Magnificent Seven stock. However, he owns enough assets to make a sizable profit.
He still owns 3.5% of Nvidia stock, making him the company's largest individual owner. The value of his stock has soared by more than $25 billion this year.
But while this is a big win, only 4% of Nvidia is privately owned. So as long as you're investing in the S&P 500, and so are most investors, you too are profiting from his Nvidia miracle.
Nvidia's Biggest Winners of the Year
| Owner | Percentage of shares held | Year-to-date profits (billions of dollars) |
|---|---|---|
| vanguard group | 8.3% | $59.3 |
| black rock | 7.3 | 52.1 |
| fidelity | 4.9 | 35.1 |
| State Street Global Advisor | 3.7 | 26.6 |
| Zhenxun Fan (Co-founder, CEO) | 3.5 | 25.1 |
| T. Rowe Price Group | 2.1 | 15.2 |
| geode capital | 2.0 | 14.5 |
| norges bank investment | 1.2 | 8.6 |
| JP Morgan Asset | 1.1 | 7.8 |
| Northern Trust Global Investment | 1.0 | 7.3 |
