Assenagon Asset Management S.A. 13F: Cuts NVDA Stake by $1.4B

Assenagon Asset Management S.A. scaled back its investment in NVIDIA Corporation NVDA, according to a Form 13F filing with the SEC on October 15, 2026. Institutional filings like this one offer a backward-looking snapshot of portfolio changes made during the previous quarter and may not reflect the fund's current holdings today.

What Changed in Assenagon Asset Management's NVIDIA Position

Assenagon Asset Management reduced its NVIDIA holdings by a 23.4% margin during the period. The fund sold 6,171,018 shares, bringing its total down to 20,166,206 shares from 26,337,224 shares previously. The remaining stake was worth about $4.60 billion by the end of the reporting window.

Other Institutional Activity in NVIDIA

Other large money managers also adjusted their positions in the chip maker. Blackrock Inc. grew its holdings by 16,367,185 shares, ending with 1,941,918,386 shares worth about $415.82 billion following a 0.9% increase. Vanguard Capital Management LLC boosted its stake by 2,307,763 shares, or 0.1%, to hold 1,540,816,358 shares valued at roughly $329.93 billion. FMR, LLC lifted its holdings by 32,200,765 shares, representing a 3.2% increase to 1,026,051,548 shares worth about $219.70 billion. State Street Corporation grew its position by 15,902,101 shares, a 1.6% rise to end with 1,009,783,437 shares valued at approximately $216.22 billion. Geode Capital Management, LLC added 4,870,899 shares, lifting its stake by 0.8% to 606,216,492 shares worth roughly $129.80 billion.

NVIDIA Corporation Stock Down 2.9%

NVIDIA shares recently traded around $214.93 as of October 16, 2026. The stock sits below its 50-day moving average of $223.17 while holding above its 200-day moving average of $202.84. Over the past year, the shares have traded between a low of $164.27 and a high of $243.37.

Recent Earnings

NVIDIA pulled in trailing-twelve-month revenue of $302.97 billion alongside basic earnings of $7.91 per share. The company reported a net profit 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 pays an annual dividend yield of 0.46% with a payout ratio of 3.5%.

Insider Buying and Selling at NVIDIA Corporation

Company insiders executed several sales ahead of the filing period. Director Mark A. Stevens sold 1,848,501 shares on September 2, 2026, for a total value of $410.84 million. Stevens sold another 1,022,239 shares on September 4, 2026, valued at $235.63 million, and later offloaded 1,366,000 shares on September 18, 2026, worth $300.14 million. General Counsel Timothy S. Teter sold 30,460 shares on September 21, 2026, for about $6.78 million.

Analysts Set New Price Targets

Wall Street firms kept an upbeat view on the semiconductor giant. On September 4, 2026, Rosenblatt maintained its Buy rating with a $390.00 price target. Needham reiterated a Buy rating with a $300.00 price target on the same day. Piper Sandler initiated coverage on September 10, 2026, with an Overweight rating and a $300.00 price target. Rosenblatt reaffirmed its Buy rating at $390.00 on September 29, 2026, while Cantor Fitzgerald reiterated an Overweight rating with a $350.00 target on October 1, 2026. NVIDIA holds a consensus strong buy rating among 59 analysts, with a mean price target of $328.72.

About NVIDIA

NVIDIA Corporation designs accelerated computing platforms, advanced networking systems, and artificial intelligence software. Its hardware and software ecosystems support data centers, gaming systems, and autonomous vehicles worldwide. Institutional adjustments in the stock often draw heavy attention given the company's central role in the artificial intelligence hardware market.

Bottom Line

Assenagon Asset Management trimmed its exposure to NVIDIA during the quarter, though the fund still holds a multi-billion dollar stake. Investors will look toward the upcoming earnings release on November 17, 2026, to gauge whether artificial intelligence demand continues to fuel growth. Remember that 13F filings look backward and may not capture current trading activity.