Who Owns Nvidia? Largest Nvidia Shareholders

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Nvidia is a publicly traded company, so no single person or firm owns it. Its largest owners are big asset managers. Vanguard Group, BlackRock and FMR LLC (Fidelity) hold the biggest blocks of NVDA stock, mostly through mutual funds and exchange-traded funds run for their clients. The largest individual shareholder is co-founder and CEO Jensen Huang. He held about 3.77% of outstanding shares as of March 2025. Directors Mark A. Stevens and Tench Coxe follow him among insiders.

How Nvidia’s Ownership Is Structured

Nvidia Corp. trades on the Nasdaq under the ticker NVDA. Its shareholders fall into three broad groups: institutions, insiders and the general public.

Institutional investors are asset managers, pension funds, banks, insurers and hedge funds, and together they own roughly 69.75% of Nvidia’s outstanding shares. Any investment manager with at least $100 million in qualifying U.S. securities must report its holdings to the SEC each quarter on Form 13F. More than 6,000 such filers held Nvidia as of Q4 2025, and more than 200 of them had at least 10% of their reported portfolio in the stock.

Insiders are officers, directors and anyone owning more than 10% of a company’s stock. Here the word describes a reporting status. It has nothing to do with insider trading. Insiders must report their trades on SEC Form 4. The company also lists their holdings in its annual proxy statement (Schedule 14A).

Retail and other holders own whatever remains, through brokerage accounts, retirement plans and direct holdings.

One distinction affects how stakes are read. The insider figures below come from Nvidia’s May 2025 proxy statement and reflect direct ownership only. They exclude shares held indirectly, such as through trusts or family entities, and shares an executive could acquire by exercising stock options. An insider’s total economic interest can therefore be larger than the direct figure.

The share counts are so large partly because of stock splits. Nvidia split its stock 4-for-1 in 2021 and 10-for-1 in June 2024. A split multiplies everyone’s share count but leaves ownership percentages unchanged. That is why percentages are the better measure for comparing stakes across years.

Largest Institutional Shareholders

The biggest institutional owners are fund companies, and most of their NVDA shares sit inside index funds and actively managed funds held by millions of investors. Because Nvidia is one of the largest companies by market value, funds that track broad indexes such as the S&P 500 or the Nasdaq-100 must hold a large amount of it. The same pattern puts these managers at the top of the shareholder list at most large U.S. companies, as the largest Apple shareholders and largest Alphabet shareholders also show.

Vanguard Group Inc.

Vanguard owned 2.26 billion Nvidia shares as of March 2026. That was 9.33% of shares outstanding and the largest single block. Vanguard is mainly a mutual fund and ETF manager, with about $10.1 trillion in global assets under management at year-end 2025. Nvidia shows up across its equity lineup. In the Vanguard Information Technology ETF (VGT), it was the largest holding as of February 2026, at 18.06% of fund assets.

BlackRock Inc.

BlackRock held 1.94 billion shares, or 8.00% of shares outstanding, as of year-end 2025. BlackRock is the world’s largest asset manager, with $12.5 trillion in AUM as of June 2025. Most of its exposure comes through its iShares ETF family. In the iShares Semiconductor ETF (SOXX), Nvidia was the second-largest holding as of August 2025, at about 8.64% of assets.

FMR LLC (Fidelity Investments)

FMR LLC is the legal name of Fidelity Management & Research, better known as Fidelity Investments. It held 971 million Nvidia shares, 4.00% of the total, as of year-end 2025. Fidelity provides investment management, brokerage, retirement plans, financial planning and wealth management, with about $6.4 trillion in discretionary AUM.

Fidelity’s stake leans more on active management than Vanguard’s or BlackRock’s. For example, Nvidia was the largest holding in the actively managed Fidelity Blue Chip Growth Fund (FBGRX) as of July 31, 2025, at about 16.38% of fund assets.

What institutional ownership means

These firms hold the shares on behalf of their fund investors rather than for themselves. They do vote the shares at annual meetings, though, on matters like director elections and executive pay. Together, Vanguard, BlackRock and FMR accounted for a little over 21% of Nvidia’s shares on the figures above. Note that those figures carry different dates.

Largest Individual Shareholders

Jen-Hsun (“Jensen”) Huang

Jensen Huang co-founded Nvidia in 1993 and has led it ever since as president and CEO. He is also a member of the board. Before Nvidia, he worked at chipmaker LSI Logic and at Advanced Micro Devices (AMD), which later became one of Nvidia’s main rivals.

As of March 2025, Huang directly owned 922,922,938 shares, or 3.77% of outstanding stock. That stake is far smaller than Vanguard’s or BlackRock’s, but it is worth well over $100 billion. Forbes ranks Huang among the ten richest people in the world. Unlike founders at companies with dual-class stock, Huang has no special voting shares. Nvidia has a single class of common stock, so his voting power matches his percentage of shares.

Mark A. Stevens

Mark Stevens owned 37,886,641 shares as of March 2025, about 0.15% of the company. He served on Nvidia’s board from 1993 to 2006 and rejoined in 2008. He was a managing partner at Sequoia Capital from 1993 to 2011. Sequoia was one of Nvidia’s original venture backers. Earlier in his career he held roles at Intel and Hughes Aircraft. Since 2012, he has been managing partner of S-Cubed Capital, a private family office. His Nvidia holdings have made him a multibillionaire.

Tench Coxe

Tench Coxe owned 32,555,240 shares as of March 2025, just under 0.13% of outstanding stock. He has been on Nvidia’s board since 1993. Like Stevens, he came from venture capital. He was a managing director at Sutter Hill Ventures, another early Nvidia investor, from 1989 to 2020. He has also served on the boards of Mattersight Corp. and Artisan Partners Asset Management. His stake has made him a billionaire as well.

Who Got Rich From Nvidia?

Huang’s fortune comes almost entirely from his founding stake. Stevens and Coxe kept large personal positions through decades of growth and several stock splits. Nvidia’s other co-founders, Chris Malachowsky and Curtis Priem, do not appear among the top insider holders in the 2025 proxy, and Priem left the company decades ago. Their wealth depends on how much stock they kept and when they sold.

Nvidia’s History and Business

Huang, Malachowsky and Priem founded Nvidia in California in 1993. It began as a chip designer focused on graphics processing units (GPUs) for PC gaming. Its GPUs were built to run many calculations in parallel. That design later proved useful well beyond graphics, in professional visualization, data centers, cryptocurrency mining and, above all, artificial intelligence.

Generative AI turned Nvidia into one of the most valuable companies in the world, because its data center chips became the standard hardware for training and running large AI models. Trailing 12-month figures as of January 2026 showed about $215 billion in revenue and about $120 billion in net income, a net profit margin of roughly 55.6%, very high for a hardware company.

Is Nvidia an American Company?

Yes. Nvidia was founded by American computer scientists, is incorporated in the United States and is headquartered in Santa Clara, California. It sells worldwide and relies on overseas contract manufacturers to produce its chips, but it is a U.S. company. One estimate puts its share of the global GPU market at about 92%.

How to Check Nvidia’s Shareholders Yourself

Ownership changes every quarter, so primary filings are the best source:

1. Proxy statement (Schedule 14A): Nvidia publishes it each year before its annual meeting. It lists holdings of directors, named executives and holders of more than 5%.
2. Form 4 filings: Insiders must file these within two business days of buying or selling shares. They show changes to Huang’s and the directors’ stakes between proxy statements.
3. 13F filings: These show each large institution’s quarter-end position. They are filed up to 45 days after the quarter closes, so they always lag.
4. Schedules 13D and 13G: Anyone crossing 5% ownership must file one. Passive index managers like Vanguard and BlackRock typically use 13G.

Because these sources use different dates, an institution’s quarterly stake and an insider’s stake from a proxy record date are not perfectly comparable. The same caveat applies to other megacaps, such as the largest Tesla shareholders.

FAQs

The Bottom Line

Investors researching who controls Nvidia should look first at Vanguard, BlackRock and Fidelity, which vote large blocks of shares on behalf of their fund clients. Jensen Huang remains the largest individual owner, with voting power tied only to his share count. Because ownership shifts each quarter and filings carry different dates, the proxy statement and Form 4, 13F and 13G filings give the most current picture.