Coatue Management 13F: Cuts NVIDIA (NVDA) Stake by $569M

Coatue Management has decided to trim its holdings in NVIDIA Corporation, as disclosed in its latest 13F filing with the SEC. The fund cut its stake by approximately 2.87 million shares, which is a reduction of about 31%, leaving it with 6.33 million shares valued at around $1.3 billion.

What Changed in Coatue Management's NVIDIA Position

In the recent filing, Coatue Management reported a significant reduction in its NVIDIA position. The fund previously held 9.20 million shares and has now decreased this to 6.33 million shares, a change of 2.87 million shares. This adjustment reflects a 31% cut in its holdings of the semiconductor company.

Other Institutional Activity in NVIDIA

Several other institutional investors have also adjusted their holdings in NVIDIA. BlackRock, Inc. reduced its position by 18.28 million shares, ending with 1.93 billion shares valued at approximately $335.8 billion. Vanguard Capital Management LLC, however, significantly increased its holdings, adding 1.54 billion shares to reach the same amount. State Street Corp increased its stake by 2.41 million shares, bringing its total to 993.89 million shares worth $173.3 billion. FMR LLC added 22.79 million shares, now holding 993.85 million shares valued at $173.3 billion. Geode Capital Management, LLC also grew its position by 12.52 million shares, ending with 601.33 million shares valued at about $104.6 billion.

NVIDIA Corporation Stock Down 10.5%

NVIDIA's stock, trading on the NasdaqGS under the ticker NVDA, was priced around $205.13. The company boasts a market capitalization of approximately $4.97 trillion and has a P/E ratio of 31.37, with a forward P/E of 16.12. NVIDIA's shares have fluctuated between $140.85 and $236.54 over the past year, with a 50-day moving average of $206.32 and a 200-day moving average of $189.14. The company's beta is 2.202, indicating higher volatility compared to the market.

Recent Earnings

NVIDIA reported impressive earnings with a revenue of $253.49 billion, reflecting a growth rate of 85.2%. The company's net margin stood at 62.97%, and its return on equity was a remarkable 114.29%. The next earnings announcement is scheduled for August 26, 2026.

Dividend

NVIDIA offers an annual dividend rate of $1.00, yielding 0.49%. The company's payout ratio is a modest 0.61%, suggesting a conservative dividend policy.

Insider Buying and Selling at NVIDIA Corporation

Recent insider activity includes several notable transactions. Principal Accounting Officer Scott Gawel acquired 59,509 shares on June 8, 2026. In contrast, Stephen Neal sold 15,500 shares at an average price of $215.73 on June 3, 2026. Mark Stevens executed multiple sales, including 500,000 shares at $219.83 on June 4, 2026, and another 500,000 shares at $222.38 on June 2, 2026. John Dabiri sold 625 shares at $214 on May 27, 2026, under a pre-planned trading plan.

Analysts Set New Price Targets

Analysts remain positive on NVIDIA, with China Renaissance initiating coverage with a buy rating and a $319 price target on June 5, 2026. Tigress Financial maintained its buy rating with a target of $425 on May 27, 2026. UBS, Evercore ISI Group, and others have also maintained buy ratings, with targets ranging from $270 to $413. The overall consensus among 59 analysts is a strong buy, with an average target price of $298.93.

About NVIDIA

NVIDIA Corporation, based in Santa Clara, California, is a leading player in the technology sector, specifically in semiconductors. The company, led by CEO Jen-Hsun Huang, employs around 42,000 people. NVIDIA is known for its graphics processing units (GPUs) used in gaming, professional visualization, data centers, and automotive markets. It operates through two main segments: Compute & Networking and Graphics.

Bottom Line

Coatue Management's reduction of its NVIDIA holdings highlights a strategic shift in its investment approach. Investors closely monitor such moves for insights into fund strategies. While the 13F filing provides a snapshot of Coatue's position as of the last reporting period, it's essential to remember that these filings are historical and may not reflect current holdings. NVIDIA remains a popular stock among institutional investors, with a strong buy consensus among analysts.