SCS Capital Management LLC, an investment advisory firm which is managed by Antony J. Abbiati, reduced its stake in NVIDIA Corporation (NVDA) by 3,092 shares, according to a filing dated on February 12, 2026. No public statement or regulatory filing discloses a strategic shift or negative outlook behind this particular transaction.
This move reflects a similar recent adjustment by other institutional investors, including Suncoast Equity Management and SKY Mountain Capital Management Inc. However, despite the trimming of shares, NVIDIA continues to attract strong interest with other firms like Boston Common Asset Management LLC increasing their stakes. As of the latest data, NVIDIA’s market cap stands at $4.61 trillion, reflecting its dominant position in the AI and semiconductor sectors.
NVIDIA’s Strong Earnings Drive Stock Score Amid the Trimming
NVIDIA’s strong financial performance and positive earnings call sentiment are the most significant factors that are driving the stock score. Though the technical analysis indicates a potential bearish momentum and high valuation, suggesting limited upside potential with geopolitical and inventory challenges, the strategic focus on AI and data center expansion positions Nvidia well for sustained long-term growth.
Boston Common Asset Management LLC disclosed with the Securities and Exchange Commission (SEC) that in the 3rd quarter, it increased its stake in Nvidia by 3.9%. This institutional investor owned 418,132 shares of the computer hardware maker’s stock after purchasing an additional 15,884 shares in the quarter. NVIDIA now comprises about 2.2% of Boston Common Asset Management LLC’s holdings, thus making its stock the 2nd largest position.
NVIDIA’s stock performance has significantly influenced institutional decisions, driven by its strong fundamentals, dominant AI market positioning, and high valuation. As of early 2026, institutions hold ~69.7% of Nvidia’s shares with investments from major players like Vanguard, BlackRock, and State Street.
Broader Institutional Activity Signals Long-Term Confidence
A number of other institutional investors have also added to or reduced their stakes in Nvidia. State Street Corp lifted its holdings in Nvidia shares by 1.0% in its 2nd quarter, owning 978,208,862 shares. Geode Capital Management LLC increased its holdings in Nvidia by 1.5% during Q2.
During the most recent quarter of Legal and General Group Plc, the firm purchased an additional 2,623,678 shares, owning Nvidia’s stock worth $28,215,983,000 after the purchase. Charles Schwab Investment Management Inc., in its 2nd quarter, owned 155,668,775 shares of Nvidia. Norges Bank bought a new stake in Nvidia, approximately worth $51,386,863,000.
SCS Capital Management has not explicitly stated any specific reasons for reducing its stake. Institutional investors like SCS Capital often adjust positions for routine portfolio rebalancing, risk management, and lock in the gains. Technical indicators like a potential ‘death cross’ that occurred in 2025 have decreased the momentum and prompted some institutions to reduce their exposure to Nvidia’s stock. While Nvidia’s strong earnings of $57.0B revenue in Q3, up 62% Year on Year, are continuing to attract long-term investors.
