Jensen Investment Management reduced its holding in NVIDIA (NVDA) by 26.63% during the second quarter of 2026, lowering its stake from 1.63 million shares to 1.20 million. This trade was disclosed in a quarterly 13F filing with the SEC, which reveals institutional investment positions with a delay. The reported value of Jensen's position decreased from $284.62 million to $239.61 million by the end of June.
Despite the significant share reduction, NVIDIA's weight in Jensen's portfolio slightly increased from 5.61% to 5.81%, suggesting a broader rebalancing within their holdings. This move comes as NVIDIA continues to be a central player in the AI sector, with ongoing discussions around AI infrastructure spending and the sustainability of demand for its products. The filing does not include commentary from the investor on their motive for the trade.