Mission Wealth Management 13F: Cuts NVIDIA (NVDA) Stake by $152M

Mission Wealth Management reduced its investment in NVIDIA Corporation (NasdaqGS: NVDA), cutting back its holdings by 40.7% during the period. According to a Form 13F filing with the SEC on October 15, 2026, the firm sold off 665,454 shares of the semiconductor giant. Because 13F filings look backward at a prior quarter, these numbers reflect portfolio choices made during that window and might not mirror the fund's exact current stance today.

What Changed in Mission Wealth Management's NVIDIA Position

Before the adjustment, Mission Wealth Management held 1,633,087 shares of NVIDIA Corporation. The sale of 665,454 shares brought its total down to 967,633 shares. Based on market values, the remaining stake was valued at approximately $220.9 million.

Other Institutional Activity in NVIDIA

Other large money managers also tweaked their NVIDIA portfolios around the same time. Blackrock Inc. grew its holdings by 16,367,185 shares, ending with 1,941,918,386 shares worth about $415.8 billion after a 0.9% increase. Vanguard Capital Management LLC lifted its stake by 2,307,763 shares, or 0.1%, bringing its total to 1,540,816,358 shares valued at about $329.9 billion. FMR, LLC grew its holdings by 32,200,765 shares, ending with 1,026,051,548 shares worth about $219.7 billion after a 3.2% increase. State Street Corporation grew its holdings by 15,902,101 shares, ending with 1,009,783,437 shares worth about $216.2 billion following a 1.6% increase. Geode Capital Management, LLC grew its holdings by 4,870,899 shares, ending with 606,216,492 shares worth about $129.8 billion after a 0.8% increase.

NVIDIA Corporation Stock Down 2.9%

NVIDIA Corporation shares recently traded around $214.93 as of October 16, 2026. The stock sits above its 200-day moving average of $202.84, though it trades below its 50-day moving average of $223.17. The company's 52-week trading range spans from a low of $164.27 to a high of $243.37.

Recent Earnings

NVIDIA Corporation reported $302.97 billion in trailing-twelve-month revenue alongside trailing earnings of $7.91 per share. The company posted a net profit margin of 63.7% and a return on equity of 117.2%. Year-over-year revenue growth reached 105.9%. The company's next earnings report is scheduled for November 17, 2026.

Dividend

NVIDIA pays an annual dividend yielding 0.46%, backed by a dividend payout ratio of 3.5%.

Insider Buying and Selling at NVIDIA Corporation

Company insiders have also transacted shares recently. Director Mark A Stevens sold 1,848,501 shares on September 2, 2026, for a total value of $410.8 million. Mark A Stevens later sold 1,022,239 shares on September 4, 2026, worth $235.6 million. Mark A Stevens sold another 1,366,000 shares on September 18, 2026, valued at $300.1 million. General Counsel Timothy S Teter sold 30,460 shares on September 21, 2026, worth about $6.7 million.

Analysts Set New Price Targets

Wall Street firms have kept a generally positive outlook on the stock. On September 4, 2026, Rosenblatt maintained its Buy rating with a $390.00 price target. On the same day, Needham reiterated its Buy rating with a $300.00 price target. Piper Sandler initiated coverage on September 10, 2026, with an Overweight rating and a $300.00 price target. Rosenblatt again maintained its Buy rating at $390.00 on September 29, 2026. Cantor Fitzgerald reiterated an Overweight rating with a $350.00 price target on October 1, 2026. The stock currently holds a consensus recommendation of strong buy with a mean price target of $328.72 across 59 analyst opinions.

About NVIDIA

NVIDIA Corporation designs accelerated computing platforms and artificial intelligence software for data centers, gaming, and automotive applications. The company builds hardware and networking systems that power deep learning tasks globally. Institutional adjustments like Mission Wealth's cut offer a window into how wealth managers rebalance large equity allocations following periods of heavy growth.

Bottom Line

Investors will look toward NVIDIA's upcoming earnings report on November 17, 2026, for fresh updates on data center demand and profit margins. Institutional holdings will continue to shift as fund managers adjust their exposure ahead of year-end reporting. 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.