With 72% ownership as of December 2024, Nvidia (NVDA, Financials) still rules as the most often held semiconductor stock among active U.S. fund managers. This rises from 70% at the conclusion of the preceding quarter. Over the last year, NVDA, the stock is up 203.5%.
Though owned widely, Nvidia's portfolio weighting is still somewhat small. From 0.99 times in September 2024, the stock's weighting dropped somewhat to 1.01 times; nonetheless, it stays under the 1.03 times recorded in December 2023. Given Nvidia's explosive increase in artificial intelligence-related demand, analysts give the slight emphasis to cautious opinion about value.
With a 54.6% ownership percentage, up 2.4% quarter-over-quarter, Broadcom (AVGO, Financials) the second-most owned semiconductor stock showed. Third ranked Advanced Micro Devices (AMD, Financials), reported a little drop in ownership, down 2.8% to 35.7%.
Although Nvidia attracted more attention, the general proportion of semiconductor and semiconductor equipment equities held by fund managers dropped to 23% by December 2024 from 24.7% in September. The analysis pointed out that fund managers are cutting their exposure to the larger semiconductor industry reflecting this drop.
