Finance
Here you can see who owns the most shares
We’re only halfway through 2024, but one tech stock in particular has stood out in a fiercely competitive environment.
Shares of the poster child of artificial intelligence (AI). Nvidia (NASDAQ: NVDA) are up about 150% in the first six months of the year. The company has since grown by almost $2 trillion Market capitalization and recently became a member Microsoft And Apple as the third company to exceed a market cap of $3 trillion.
With Nvidia getting so much attention from Wall Street and retail investors, you may be wondering who has benefited most from the company’s meteoric rise – and whether or not now would be a good time for you to join them by adding it to your portfolio.
Which employees own the most Nvidia shares?
Nvidia completed a 10-for-1 stock split earlier this month. This means that Nvidia’s number of shares outstanding increased tenfold, while its share price fell by the same multiple, leaving the company’s valuation unchanged.
After the split, Nvidia now has approximately 25 billion shares outstanding. The table below illustrates which employees own the most company shares.
|
Colleague |
Title |
Shares owned |
% Property |
|---|---|---|---|
|
Jen-Hsun “Jensen” Huang |
Director |
866.3 million |
3.5% |
|
Colette Kress |
Finance Director |
6.1 million |
0.02% |
|
Deborah Shoquist |
Executive Vice President, Operations |
2.4 million |
0.01% |
|
Jay Puri |
Executive vice president, global field operations |
1.5 million |
<0.01% |
|
Tim Teter |
Executive vice president, general counsel and secretary |
1.1 million |
Not material |
Data source: Bloomberg.
Jensen Huang is by far Nvidia’s largest internal shareholder. While it’s common for CEOs to have large ownership stakes in their companies, Huang’s position stands out for several reasons.
Not only is he the CEO, he is also one of the three co-founders of Nvidia and has been with the company for three decades. In general, company founders are among the largest shareholders. And while a 3.5% stake may not seem like much for a founder, keep in mind that Nvidia is worth more than $3 trillion. As of this writing, Huang’s roughly 866 million shares are worth about $108 billion.
Who else is a major shareholder in Nvidia outside of management?
In addition to Nvidia’s executive suite, a number of members of the board of directors are also material holders of the shares.
Mark Stevens is the second-largest individual owner of Nvidia stock, behind Huang. Stevens spent time in the management of Intel and later became a venture capital investor. Since joining Nvidia’s board in 2008, Stevens has amassed nearly 40 million shares — a stake worth nearly $5 billion.
Other notable venture capitalists on Nvidia’s board include Harvey Jones, Tench Coxe and Brooke Seawell. Each of them joined the board in the 1990s and together they acquired approximately 16 million shares.
Should you become an Nvidia shareholder?
Many of Nvidia’s largest shareholders have been with the company for a long time or have been on its board for a long time. In many cases, these executives have accumulated their commitment over decades.
Take one of the other co-founders, Chris Malachowsky and Curtis Priemas an example. Priem left Nvidia in 2003 and reportedly sold all his shares by 2006. After giving away hundreds of millions in charitable donations over the years, he now has an estimated net worth of around $30 million. While that’s not too shabby, Priem’s net worth today would be in the tens of billions of dollars if he had kept his shares.
Another previous investor in Nvidia was the Japanese holding company Soft Sofa. It sold its stake back in 2019. If SoftBank had maintained its position, its stake in Nvidia would be worth about $160 billion today.
The idea I’m trying to convey is that owning good stocks is not in itself enough to generate wealth. Investors must have a strong belief in the company’s management, its business prospects and the markets in which the company operates. If that’s how you feel about Nvidia, the stock could be for you.
However, I would encourage investors to monitor the company over time and double down if necessary. It’s entirely possible to build a small fortune by owning winning stocks, and the best way to do that is almost always by holding them for a long time.
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Adam Spatacco has positions at Apple, Microsoft and Nvidia. The Motley Fool holds positions in and recommends Apple, Microsoft and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls to Microsoft and short January 2026 $405 calls to Microsoft. The Motley Fool has one disclosure policy.
By mid-2024, Nvidia has increased its market cap by almost $2 trillion: here’s who owns the most shares was originally published by The Motley Fool
