Institutional Investors Adjust Positions in NVIDIA Corporation

Several institutional investors disclosed significant changes to their NVDA positions on March 29, 2026, reflecting active portfolio rebalancing as the AI chipmaker's stock navigates a period of valuation reassessment. BDF Gestion and Assenagon Asset Management S.A. reduced their holdings, while Diversified Trust Co. also trimmed its position.

On the buying side, Community Trust & Investment Co. acquired 31,816 shares of Nvidia, and Carderock Capital Management Inc. increased its stake. The mixed activity comes as Nvidia trades at roughly 19.7 times forward earnings, below the S&P 500's multiple for the first time in 13 years, creating a divergence between compressed valuations and the company's strong revenue growth of 73% year-over-year in its most recent quarter.

The institutional reshuffling highlights the ongoing debate around AI infrastructure spending sustainability. While some firms appear to be taking profits after Nvidia's extraordinary multi-year run, others view the valuation compression as an entry point. With Nvidia's Blackwell GPU architecture ramping and data center demand remaining robust, the divergent institutional positioning may reflect differing views on whether the AI capex cycle has further room to expand.