Nvidia 13F portfolio hits $18.4B

Nvidia’s latest Form 13F did not show a new hedge-fund arm. It showed a corporate balance sheet with a fast-growing book of public equity stakes that the chipmaker has been building through strategic deals across the AI supply chain. The filing, submitted to the U.S. Securities and Exchange Commission on May 15, reported seven U.S.-listed holdings worth $18.37 billion as of March 31, 2026. That was up from $13.10 billion at the end of December, according to Nvidia’s prior 13F and SEC-tracked portfolio summaries. Intel, CoreWeave, Synopsys, Coherent and Nokia were the largest named positions in the quarter-end report. A 13F is a quarterly disclosure for institutional investment managers with at least $100 million in certain U.S.-traded securities. It lists long positions in securities on the SEC’s official 13F list as of the quarter’s last day, but it does not show cash, private-company stakes, many foreign securities, or the reasons a company holds the shares. (sec.gov) ### Why did the filing draw attention? The May 15 filing put a number on how large Nvidia’s disclosed public-equity book has become. The report listed a “Form 13F Information Table Value Total” of $18,374,354,150 for the quarter ended March 31, with seven positions in all. Nvidia’s Q4 2025 filing had shown five positions worth $13.10 billion. (sec.gov) The social-media framing around a jump from Q4 2024 to Q1 2026 appears to mix reporting periods. SEC-tracked portfolio data show Nvidia’s Q4 2024 13F value at about $304.5 million, its Q1 2025 value at about $1.15 billion, and its Q1 2026 value at $18.37 billion. ### What exactly was in Nvidia’s quarter-end portfolio? Intel was the biggest disclosed holding. (sec.gov) Third-party SEC portfolio trackers that parse Nvidia’s filing show 214.8 million Intel shares, valued at about $9.4 billion at March 31, making Intel just over half of the reported 13F portfolio by market value. CoreWeave, Synopsys, Coherent and Nokia were the next-largest reported positions. (13f.info) The social post referenced “Cohere,” but the 13F-tracked holding appears to be Coherent Corp., the optics company that trades under ticker COHR. That matches both SEC portfolio trackers and Nvidia’s March 2026 announcement of a $2 billion strategic partnership and investment with Coherent. ### Where did the Intel position come from? (whalewisdom.com) Nvidia and Intel announced a strategic partnership on Sept. 18, 2025, that included Nvidia’s agreement to invest $5 billion in Intel common stock at $23.28 per share. Reuters later reported that Nvidia completed that purchase on Dec. 29, 2025, buying more than 214.7 million Intel shares in a private placement after U.S. antitrust clearance. (holdingschannel.com) The larger value shown in the March 31, 2026 13F reflects quarter-end market pricing, not a second disclosed purchase of the same size. A 13F reports the fair market value of holdings on the last day of the quarter. ### Does the filing prove a “full AI stack” investment strategy? Nvidia has described several of these stakes in strategic terms, but the filing itself does not assign a theme. (investor.nvidia.com) Public announcements tie Intel to CPUs and x86 platforms, Nokia to AI-native telecom and 6G infrastructure, and Coherent to optics and U.S.-based manufacturing for next-generation data centers. Nvidia has also announced a $2 billion investment in Nebius that it said reflected confidence in a “full AI technology stack,” though that stake is not visible in the March 31 13F because 13F reporting covers only certain listed securities held at quarter-end. (sec.gov) The next checkpoint is Nvidia’s Form 13F for the quarter ending June 30, 2026. That filing is due by mid-August and will show whether the company added to, trimmed, or reshuffled the seven disclosed U.S.-listed positions. (sec.gov) (investor.nvidia.com)