1. NVIDIA Corporation (NASDAQ:NVDA)
Chilton Investment Company’s Stake Value: $2.5M
Percentage of Chilton Investment Company’s 13F Portfolio: 0.06%
Number of Hedge Fund Holdings: 102
Based in Santa Clara, California, Nvidia Corporation (NASDAQ:NVDA) is an American multinational company which is incorporated in Delaware, and deals in graphics processing units (GPUs), application programming interface (APIs) for data science and high-performance computing as well as system on a chip units (SoCs) for the mobile computing and automotive market. Founded in 1993, Nvidia (NASDAQ:NVDA) has since emerged as a global giant in artificial intelligence hardware & software from edge to cloud computing. They have expanded their presence in the gaming industry with the launch of handheld gaming consoles Shield Portable, Shield Tablet, and Shield Android TV and its cloud gaming service GeForce Now. Of late, Nvidia (NASDAQ:NVDA) has also entered the mobile computing market where it deals in Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems.
Nvidia (NASDAQ:NVDA) is a great point of interest for elite hedge funds, with 102 hedge funds including Nvidia (NASDAQ:NVDA) in their 13F portfolios. Griffin’s Citadel Investment Group is by far the largest stakeholder in the stock, owning more than 15.1 million shares worth $4.1 billion. Richard Chilton included Nvidia (NASDAQ:NVDA) in his investment portfolio in Q1 2022 by buying 9,154 shares worth at around $2.5 million. Hence, Nvidia (NASDAQ:NVDA) makes up for almost 0.06% of Chilton’s 13F portfolio.
In their Q1 2022 investor letter, investor management firm RiverPark Capital Management mentioned NVIDIA Corporation’s (NASDAQ:NVDA). This is what they said:
“Nvidia is the leading designer of graphics processing chips (commonly known as GPU’s- graphics processing units), required for powerful computer processing. Over the past 20 years, the company has evolved through innovation and adaptation from a predominantly gaming-focused chip vendor to one of the largest semiconductor/software vendors in the world, dominating the core secular growth markets of gaming, data centers, and professional visualization. Over the past decade, the company has grown revenue at a compound annual rate of over 20% while expanding operating margins and, through its asset light business model, producing ever increasing amounts of free cash flow. For 2021 the company generated 61% revenue growth to $27 billion, expanded its EBITDA margins to over 44%, and generated over $8 billion of free cash flow. Over the past five years, the company has generated a cumulative $23 billion of FCF after cumulative capital expenditures of less than $4 billion.
We expect future growth to remain robust as NVDA chips and software are critical to many of the core technologies being adopted globally, including cloud computing, virtual reality and advanced artificial intelligence. As with NFLX, we took advantage of the over 40% recent drop in the company’s shares over the last several months to initiate a small position.”
