Jane Street more than doubled its Nvidia stake last quarter, filings reveal

Quantitative trading giant Jane Street more than doubled its Nvidia investments in the third quarter, according to recent regulatory filings, Fortune reports. These filings, reviewed by the publication, indicate the firm's positions as of September 30, just six weeks before Nvidia CEO Jensen Huang resigned amid multiple extramarital affairs.

Huang's resignation led to a nearly 13% decline in Nvidia shares, with the stock hitting a 17-month low. Jane Street currently holds 23.8 million Nvidia shares, valued at approximately $5.44 billion, representing a significant increase from 11.8 million shares, worth $2.4 billion, in the previous quarter. The firm declined to comment on the increase.

Nvidia was Jane Street's second-largest holding, behind the SPDR S&P 500 ETF Trust. The filings disclose the holdings as of late September, not the current positions, and do not provide information on short positions or the impact of these investments on the firm's overall performance.