Ninety One UK 13F: Cuts NVIDIA (NVDA) Stake by $189M

Ninety One UK reduced its investment in NVIDIA Corporation (NASDAQ:NVDA) during the period, cutting its stake by 829,700 shares according to a Form 13F filing with the SEC on October 15, 2026. Because 13F filings look backward at holdings from the close of the reporting quarter, the filing shows a snapshot in time and may not reflect the fund's exact current position today.

Inside Ninety One UK's NVIDIA Trade

The fund trimmed its position by 7.2%, lowering its share count from 11,563,553 shares down to 10,733,853 shares. At the end of the period, the remaining stake was valued at approximately $2.45 billion. This sale follows similar portfolio adjustments made by the asset manager across other holdings during the same reporting cycle.

Other Institutional Activity in NVIDIA

Other major institutional investors made adjustments to their own NVIDIA stakes around the same time. Blackrock Inc. grew its holdings by 16,367,185 shares, ending with 1,941,918,386 shares worth about $415.82 billion. Vanguard Capital Management LLC added 2,307,763 shares, bringing its total to 1,540,816,358 shares valued at roughly $329.94 billion. FMR, LLC boosted its position by 32,200,765 shares to hold 1,026,051,548 shares worth about $219.71 billion. State Street Corporation lifted its stake by 15,902,101 shares, finishing with 1,009,783,437 shares valued at approximately $216.22 billion. Geode Capital Management, LLC increased its holdings by 4,870,899 shares to end with 606,216,492 shares worth about $129.81 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, but remains about 6.0% above its 200-day moving average of $202.84. Over the past 52 weeks, the stock has traded as low as $164.27 and as high as $243.37.

Recent Earnings

NVIDIA reported trailing-twelve-month revenue of $302.97 billion alongside 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 quarterly earnings report is scheduled for November 17, 2026.

Dividend

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

Insider Buying and Selling at NVIDIA Corporation

Company insiders also transacted shares ahead of the filing. Director Mark A. Stevens sold 1,848,501 shares on September 2, 2026, for a total value of $410.84 million. Stevens later sold 1,022,239 shares on September 4, 2026, valued at $235.64 million, and another 1,366,000 shares on September 18, 2026, worth $300.15 million. Additionally, General Counsel Timothy S. Teter sold 30,460 shares on September 21, 2026, for about $6.79 million.

Analysts Set New Price Targets

Wall Street firms continue to monitor the chipmaker closely. On September 4, 2026, Rosenblatt maintained its Buy rating with a $390.00 price target. Needham also reiterated a Buy rating with a $300.00 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, and Cantor Fitzgerald reiterated an Overweight rating with a $350.00 target on October 1, 2026. Overall, NVIDIA holds a consensus Strong Buy rating from 59 analysts, with a mean price target of $328.72.

About NVIDIA

NVIDIA Corporation designs advanced accelerated computing and networking platforms, hardware, and software essential for data centers and artificial intelligence workloads. The company also builds automotive computing solutions for autonomous and electric vehicles. Institutional position changes like Ninety One UK's latest filing offer a window into how large asset managers rebalance exposure to major technology leaders.

Bottom Line

Investors will watch for NVIDIA's upcoming earnings report on November 17, 2026, to gauge ongoing demand for its artificial intelligence infrastructure. Because 13F reports reflect past positioning, market participants should look to future regulatory disclosures to track any further moves by Ninety One UK. 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.