A prominent billionaire fund manager, overseeing $26.5 billion in assets, has maintained a consistent position in Nvidia without selling any shares. Despite the emotional aspect of investing, Wall Street remains primarily driven by data, with investors closely examining quarterly operating results and economic data. Among the key data releases each quarter are Form 13F filings, which offer a snapshot of the buying, selling, and holding activities of major asset managers with at least $100 million in assets under management. Although these filings may be up to 45 days old, they provide valuable insights into preferred stocks and trends among prominent investors.
This quarter, the most successful billionaire investors’ approaches to Nvidia, a leader in artificial intelligence (AI), have been of particular interest. Notably, while some focused billionaire fund managers have increasingly sold or wholly offloaded Nvidia shares, one renowned billionaire investor, Chase Coleman of Tiger Global Management, has retained his entire position in the company.
Several billionaire fund managers have reduced their holdings in Nvidia. Philippe Laffont of Coatue Management sold 39,795,532 shares since early 2023; David Tepper of Appaloosa Management sold 9,569,999 shares since the third quarter of 2023; Stephen Mandel of Lone Pine Capital and Stanley Druckenmiller of Duquesne Family Office have both exited their entire positions. These actions follow Nvidia’s 10-for-1 stock split in June 2024.
Conversely, Chase Coleman has been steadfast, managing $26.5 billion across 49 stocks and maintaining 9,683,550 Nvidia shares for his portfolio. Coleman’s belief in innovation, particularly within tech and AI sectors, underpins his hold on Nvidia’s stock. Notably, Nvidia’s dominance in the graphics processing unit (GPU) market for high-compute data centers, facilitated by its advanced Hopper and Blackwell GPU architectures, supports his optimistic outlook.
Ole Andreas Halvorsen of Viking Global Investors is another investor who has increased his stake, acquiring 2,031,985 shares. However, Coleman’s holding is significantly larger, nearly five times that of Halvorsen’s. Nvidia’s scarcity of high-powered AI-GPUs and market-leading hardware allows it to command premium pricing, supplementing its appeal as an investment. Coleman’s faith in innovation contributes to his decision to maintain this position in Nvidia.
Nevertheless, the broader group of billionaire managers, including Philippe Laffont, David Tepper, Stephen Mandel, and Stanley Druckenmiller, have chosen to sell Nvidia shares, perhaps due to anticipated competition eroding Nvidia’s significant market share in AI-data centers, as rivals and customers develop their AI chips. These moves could ultimately challenge Nvidia’s position post-2025.
Moreover, concerns about a potential AI bubble loom, as new technologies in the past, such as the internet, have faced speculative bubbles followed by corrections. This could pose a substantial risk for Nvidia, given its reliance on the AI-driven data center segment, which accounted for over 88% of its net sales in fiscal 2025. If an AI bubble bursts, it could significantly impact Nvidia’s valuation and share prices, posing a challenging future for investors.
