Nvidia just updated its stock portfolio - Finbold
📈 Nvidia's public equity portfolio surged to $63.4 billion as of June 30, 2026, up from $18.4 billion the prior quarter.
💼 Intel remains the largest holding at $30 billion (44.23%), derived from a 2025 collaboration investment.
🚀 SpaceX is the newest major addition with a $21 billion stake (30.94%) following its IPO.
🤝 The SpaceX position connects to Nvidia's prior funding role in Elon Musk's xAI startup.
📊 CoreWeave and Nebius Group round out the top three holdings at roughly $4.7 billion each.
⚖️ Intel and SpaceX combined represent over 75% of Nvidia's total disclosed equity portfolio value.
📉 Post-filing market movements have reduced current valuations for both Intel and SpaceX shares.
Bullish Signals
- Nvidia significantly expanded its public equity portfolio from $18.4 billion to $63.4 billion in one quarter, demonstrating strong capital appreciation on existing assets.
- The acquisition of a 30.94% stake in SpaceX (valued at nearly $21 billion) diversifies Nvidia's holdings into the aerospace and defense sector.
- Intel remains a dominant asset with a $30 billion valuation, securing Nvidia's position as a major strategic partner in PC and data center chip development.
- Nvidia maintains substantial exposure to high-growth AI infrastructure through significant stakes in CoreWeave ($4.7B) and Nebius Group ($4.69B).
- The portfolio reflects successful execution of the 2025 Intel collaboration strategy, resulting in a $30 billion asset base.
Risk Factors
- Intel's weighting in Nvidia's portfolio declined from 51.58% to 44.23%, indicating a relative dilution despite the absolute value increase.
- Post-filing market conditions have caused SpaceX and Intel shares to retreat from their quarter-end valuation levels used in the filing.
- The portfolio is highly concentrated with Intel and SpaceX alone accounting for over 75% of total disclosed value, creating significant idiosyncratic risk.
Full Analysis
Nvidia (NASDAQ: NVDA) filed a Form 13F revealing a public equity portfolio valued at approximately $63.4 billion as of June 30, 2026, marking a dramatic increase from the previous quarter's $18.4 billion. This surge was driven by significant gains in existing holdings and the strategic addition of a large position in SpaceX following its public listing.
The portfolio remains heavily concentrated with Intel (NASDAQ: INTC) as the largest single holding, valued at roughly $30 billion or 44.23% of the total disclosed assets. This stake stems from a $5 billion investment announced in 2025 for chip development collaboration, though its weighting decreased slightly to 44.23% from 51.58% despite the value increase.
The most notable new addition is SpaceX (NASDAQ: SPCX), where Nvidia holds 122.8 million Class A shares valued at nearly $21 billion, representing 30.94% of the portfolio. This marks the first public valuation of the stake since SpaceX's listing and links back to Nvidia's earlier funding participation in Elon Musk's xAI.
Beyond these two giants, Nvidia maintains significant positions in AI and semiconductor sectors including CoreWeave ($4.7 billion), Nebius Group ($4.69 billion), Coherent ($3.07 billion), Nokia ($2.21 billion), and Synopsys ($2.15 billion). Intel and SpaceX together account for over 75% of the total disclosed portfolio value.
While the filing reflects a snapshot from June 30, subsequent market conditions have caused valuations to shift, with both SpaceX and Intel shares retreating from their quarter-end prices used in the official disclosure.
