True North Advisors 13F: Cuts NVIDIA (NVDA) Stake by $3M

True North Advisors trimmed its position in NVIDIA Corporation (NVDA) by 9.6% during the quarter, shedding 13,308 shares to hold a final total of 124,782 shares. According to a Form 13F filing filed with the SEC on October 22, 2026, the remaining stake was valued at $28,528,395.

NVDA NVIDIA Corporation

$221.97 ▲ +17.81% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in True North Advisors's NVIDIA Corporation Position

Before the adjustment, True North Advisors held 138,090 shares of the semiconductor giant. The 9.6% reduction left the firm with 124,782 shares worth $28.5 million as of the filing date. NVIDIA Corporation shares closed at $221.97 on October 21, 2026, just ahead of the filing release.

NVIDIA Corporation Stock Down 1.9%

NVIDIA Corporation recently traded around $212.28 as of October 23, 2026, putting the stock down about 4.4% since the filing close. The share price sits roughly 12.8% below its 52-week high of $243.37 and well above its 52-week low of $164.27. The stock trades below its 50-day moving average of $223.01 while staying above its 200-day moving average of $203.43.

Recent Earnings

NVIDIA Corporation reported trailing-twelve-month revenue of $302.97 billion and earnings of $7.91 per share. The company generated a net margin of 63.7% and a return on equity of 117.2%. The next quarterly earnings report is scheduled for November 17, 2026.

Dividend

NVIDIA Corporation pays an annual dividend rate of $1.00 per share, yielding 0.45% with a low payout ratio of 3.5%.

Insider Buying and Selling at NVIDIA Corporation

Director Mark A. Stevens made several sales in late 2026, selling 1,848,501 shares valued at $410.8 million on September 2, 1,022,239 shares worth $235.6 million on September 4, and 1,366,000 shares worth $300.1 million on September 18. General counsel Timothy S. Teter also sold 30,460 shares valued at $6.8 million on September 21.

Analysts Set New Price Targets

Analyst sentiment remains upbeat. Rosenblatt maintained a buy rating with a $390.00 price target on September 4 and September 29. Piper Sandler initiated coverage with an overweight rating and a $300.00 target on September 10. Cantor Fitzgerald reiterated an overweight rating with a $350.00 target on October 1, and Needham reiterated a buy rating with a $300.00 target on October 22. Overall, the stock holds a consensus strong buy rating from 59 analysts with a mean price target of $328.72.

About NVIDIA Corporation

NVIDIA Corporation designs graphics processing units and data center scale artificial intelligence infrastructure. The company builds accelerated computing platforms, networking software, and automotive systems for autonomous vehicles. Its hardware and software power modern AI systems worldwide.

Bottom Line

Investors will look toward NVIDIA Corporation's upcoming earnings report on November 17, 2026, for clues on sustained demand for its AI hardware. Institutional adjustments and insider transactions continue to unfold as the stock navigates its position relative to analyst targets.