Jane Street more than doubled its Nvidia stake last quarter, filings reveal
The quant trading shop’s Nvidia holdings grew ahead of Jensen Huang’s resignation. Whether Jane Street actually lost money is another question.
Wall Street's quantitative trading firm Jane Street more than doubled its Nvidia stake during the third quarter, according to regulatory filings obtained by Fortune. The firm, which holds Nvidia as its second-largest holding after SPDR S&P 500 ETF Trust, increased its position from 11.8 million shares worth $2.4 billion in the second quarter to 23.8 million shares worth $5.44 billion at the end of Q3.
This significant increase in Nvidia holdings came just six weeks before Nvidia CEO Jensen Huang resigned amid allegations of extramarital affairs, including one with a woman suspected of spying for China. The scandal led Nvidia shares to drop nearly 13% over a five-day period, reaching a 17-month low. While the filings do not reveal the exact timing of Jane Street's purchases or the profits or losses generated from these holdings, it is clear that the firm doubled its stake in Nvidia within a relatively short period.
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- Former Nvidia CEO Huang had third alleged affair: Reuters cointelegraph.com
- As Nvidia reels from Huang's affairs, who stands to gain? cnbc.com
