Jensen Huang stepped down as NVIDIA's CEO on November 12, 2026, leaving the company he co-founded after a week of mounting pressure. CFO Colette Kress is interim CEO, and former Synopsys CEO Harvey Jones becomes the board's first chair. NVIDIA shares fell more than 12% in early trading, putting about $500 billion in market value on the line (Reuters via The Korea Times). Most coverage will center on index funds, hyperscalers, and the AI supply chain. Less visible is how much NVIDIA sits with independent wealth managers, and through them, with individual investors. FINTRX's 13F data shows that exposure is broad, large, and concentrated in a small group of independent RIAs.
Nearly 9 in 10 independent RIAs that file 13Fs own NVIDIA
FINTRX analyzed 4,368 independent RIAs that report 13F holdings and found 3,867 with a direct NVIDIA stock position. Together they hold about 632 million shares worth $137.0 billion, an average of $35.4 million per firm.
Independent RIAs also make up the bulk of NVIDIA's advisory holder base. Of the 5,034 advisory and brokerage firms in FINTRX holding the stock, 77% are independent RIAs. Fund managers (456 firms), institutional RIAs (330), and broker-dealers (91) trail well behind.
For a stock this widely held, a leadership shock reaches deep into client portfolios that rarely show up in the headlines.
The top 100 hold 61% of the channel's NVIDIA
The 100 largest independent RIA holders account for $83.3 billion in NVIDIA, 61% of the channel total. The other 3,767 firms split the remaining $53.7 billion.
One firm stands apart. Fisher Investments holds 92.8 million shares worth $21.2 billion, a quarter of the top 100's combined position on its own. Mariner ($5.2 billion) and Creative Planning ($4.3 billion) follow, with Chevy Chase Trust and Cerity Partners close behind at about $2.7 to $2.9 billion each.
Most hold a measured position. Nine have gone all in.
For the typical large RIA, NVIDIA is a meaningful but measured allocation. The median top 100 firm holds $331.6 million in stock, equal to 3.6% of its 13F portfolio.
Nine firms hold NVIDIA at 10% or more of their reported portfolio. For their clients, this week's news is far more than a headline.
|
Firm |
NVDA Value |
% of Portfolio |
|---|---|---|
|
$366.5M |
37.6% |
|
|
$304.5M |
36.5% |
|
|
$284.5M |
22.8% |
|
|
$202.0M |
18.7% |
|
|
$291.1M |
15.6% |
|
|
$316.1M |
14.6% |
|
|
$228.9M |
13.7% |
|
|
$209.5M |
12.1% |
|
|
$439.5M |
10.4% |
Several large RIAs were adding before the news
Among the largest holders, several spent 2026 building their NVIDIA positions. Savant Wealth Management more than doubled its share count in Q2 (up 159%) and added another 17% in Q3. Mai Capital Management grew its position 55% in Q2. In Q3, Creative Planning added 29% and Private Advisor Group added 26%.
A few moved the other way. Corient cut its share count 17% in Q2. Among the largest independent RIAs by AUM, Iconiq Capital sold 87% of its position and Wealthspire Institutional sold 32%.
The Q4 13F filings, due in February, will show who held through the leadership change and who sold.
What it means for the wealth channel
For advisors, the conversation with clients starts now. Firms holding NVIDIA at double-digit weights face the hardest questions about concentration, succession risk, and whether to trim.
For asset managers and ETF issuers, the list doubles as a prospecting map. Firms rethinking single-stock exposure are natural candidates for diversified tech, AI, or semiconductor strategies, and for completion portfolios that offset a concentrated core.
For distribution teams, knowing which firms hold the stock, how much, and how the position has moved quarter to quarter turns a news event into a targeted outreach list. FINTRX tracks those holdings at the firm level, quarter by quarter, across RIAs, family offices, and broker-dealers.
The 25 largest independent RIA holders of NVIDIA
Ranked by position value, 2026 13F filings.
|
Rank |
Firm |
NVDA Shares |
NVDA Value |
% of Portfolio |
|---|---|---|---|---|
|
1 |
92,832,145 |
$21.20B |
6.1% |
|
|
2 |
25,953,279 |
$5.19B |
5.4% |
|
|
3 |
18,886,158 |
$4.31B |
2.4% |
|
|
4 |
14,572,074 |
$2.92B |
7.5% |
|
|
5 |
13,610,763 |
$2.72B |
3.3% |
|
|
6 |
12,427,184 |
$2.48B |
2.5% |
|
|
7 |
9,069,030 |
$1.80B |
2.5% |
|
|
8 |
7,713,845 |
$1.76B |
1.7% |
|
|
9 |
8,797,901 |
$1.76B |
2.7% |
|
|
10 |
8,327,826 |
$1.65B |
2.5% |
|
|
11 |
7,685,771 |
$1.54B |
1.9% |
|
|
12 |
6,376,605 |
$1.28B |
4.7% |
|
|
13 |
5,427,861 |
$1.24B |
4.0% |
|
|
14 |
4,923,729 |
$1.12B |
4.8% |
|
|
15 |
4,461,014 |
$1.02B |
1.9% |
|
|
16 |
4,707,792 |
$941.98M |
8.6% |
|
|
17 |
3,849,032 |
$770.15M |
3.6% |
|
|
18 |
3,306,109 |
$755.05M |
2.2% |
|
|
19 |
3,097,902 |
$707.50M |
5.2% |
|
|
20 |
3,507,777 |
$703.75M |
2.1% |
|
|
21 |
3,483,179 |
$696.95M |
2.1% |
|
|
22 |
2,992,057 |
$683.33M |
8.2% |
|
|
23 |
2,842,649 |
$649.20M |
2.2% |
|
|
24 |
3,070,726 |
$614.42M |
2.4% |
|
|
25 |
3,047,639 |
$609.80M |
3.1% |
The full top 100 is available on request. Contact FINTRX for the complete list.
Methodology
Data reflects direct NVIDIA common stock positions reported in each firm's most recent 13F filing, as tracked by FINTRX as of November 12, 2026. All positions predate the leadership announcement. Figures exclude indirect exposure through ETFs, mutual funds, and other pooled vehicles, as well as options, so total NVIDIA exposure across these firms is likely higher.
Portfolio weight is the NVIDIA position divided by each firm's total 13F holdings excluding options. The top 100 and top 25 rankings include only 2026 filings. Channel totals use each firm's latest filing. Independent RIA classification is based on FINTRX firm data, and firms may carry more than one classification.