SteelPeak Wealth 13F: Adds $42M to NVIDIA (NVDA) Stake

SteelPeak Wealth has boosted its position in NVIDIA Corporation (NasdaqGS: NVDA) by adding 182,805 shares, bringing its total to 1,110,168 shares valued at approximately $253.8 million. This increase was disclosed in a filing on October 16, 2026.

What Changed in SteelPeak Wealth's NVIDIA Position

SteelPeak Wealth raised its stake in NVIDIA by 19.7%, growing from 927,363 shares to 1,110,168 shares. This reflects the fund's confidence in NVIDIA's growth prospects in the technology sector.

Other Institutional Activity in NVIDIA

Other institutional investors are also showing interest in NVIDIA. Blackrock Inc. holds 1,941,918,386 shares worth about $415.8 billion after increasing its stake by 16,367,185 shares. Vanguard Capital Management LLC has 1,540,816,358 shares valued at approximately $329.9 billion, adding 2,307,763 shares. FMR, LLC increased its holdings by 32,200,765 shares to reach 1,026,051,548 shares worth about $219.7 billion. State Street Corporation and Geode Capital Management, LLC also maintained substantial positions, with 1,009,783,437 shares and 606,216,492 shares, respectively.

NVIDIA Corporation Stock Down 3.2%

As of October 16, 2026, NVIDIA shares recently traded around $214.93. This price is below the 50-day moving average of $223.17 and about 11.7% under its 52-week high of $243.37. However, it is approximately 30.8% above the 52-week low of $164.27, indicating a mixed performance over the past year.

Recent Earnings

In its latest earnings report, NVIDIA generated approximately $302.97 billion in revenue over the trailing twelve months, demonstrating a strong growth trajectory with a year-over-year revenue increase of 105.9%. The company's next earnings announcement is scheduled for November 17, 2026.

Insider Buying and Selling at NVIDIA Corporation

Insider activity at NVIDIA includes several sales by Mark A. Stevens, a director, who sold a total of 4,650,740 shares across multiple transactions from September 2 to September 21, 2026, valued at approximately $410.8 million.

Analysts Set New Price Targets

Analysts remain optimistic about NVIDIA's future. On September 4, 2026, Rosenblatt maintained a Buy rating with a price target of $390. Needham also reiterated a Buy rating with a $300 target on the same day. Piper Sandler initiated coverage with an Overweight rating and a target of $300 on September 10, 2026. The consensus recommendation for NVIDIA is strong buy, with a mean target price of $328.72 based on 59 analyst opinions.

About NVIDIA Corporation

NVIDIA Corporation is a leading technology company that specializes in AI infrastructure and semiconductor solutions. It operates in various segments, including Compute & Networking and Graphics, providing advanced computing platforms and software. Its innovations are crucial in data centers, automotive technologies, and artificial intelligence applications.

Bottom Line

SteelPeak Wealth's increased stake in NVIDIA reflects the growing confidence in the company's future amid an expanding technology market. Investors should monitor NVIDIA's upcoming earnings report on November 17, 2026, and watch for further institutional movements as trends develop in the semiconductor sector. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.