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NVIDIA Corporation $NVDA is 1248 Management LLC's 7th Largest Position
Hedge fund reduces stake in semiconductor giant during Q3
Mar. 15, 2026 at 7:06am
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1248 Management LLC, an institutional investor, reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 13.5% during the third quarter, according to a recent SEC filing. The firm now owns 45,429 shares of the computer hardware maker's stock, making NVIDIA its 7th largest position.
Why it matters
NVIDIA is a leading semiconductor company known for its graphics processing units (GPUs) used in gaming, data centers, and other applications. Institutional investors closely watch changes in major holdings as they can signal shifts in market sentiment or investment strategies.
The details
According to the filing, 1248 Management LLC sold 7,109 shares of NVIDIA stock during Q3, reducing its total position to 45,429 shares. NVIDIA now accounts for approximately 4.8% of the firm's overall portfolio, making it the 7th largest holding. The filing did not provide additional details on the reasons behind the reduction in NVIDIA shares.
- The SEC filing was submitted on March 15, 2026, covering 1248 Management LLC's Q3 2025 portfolio changes.
The players
1248 Management LLC
An institutional investment firm that manages a portfolio of public equities.
NVIDIA Corporation
A global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies.
The takeaway
The reduction in NVIDIA shares by 1248 Management LLC, while relatively small, could signal a shift in sentiment around the semiconductor company among some institutional investors. However, NVIDIA remains a top holding for the firm, indicating ongoing confidence in the stock's long-term potential.
