According to a filing with the U.S. Securities and Exchange Commission (SEC), NVIDIA submitted its Q3 2025 portfolio report (13F) as of September 30. The fund's total holdings for the quarter were valued at $3.84 billion, down 13% from the previous quarter's $4.33 billion. NVIDIA made no changes to its portfolio—neither adding nor reducing any positions. The top ten holdings accounted for 100% of the portfolio.

NVIDIA disclosed six holdings in its latest SEC filing. CoreWeave (CRWV.US) remained the largest position, with approximately 24.28 million shares valued at $3.32 billion, representing 86.44% of the portfolio—unchanged from the prior quarter. Applied Digital Corporation (APLD.US), a provider of crypto mining and co-location services, held the second spot with 7.72 million shares worth $177 million, or 4.61% of the portfolio. Arm Holding (ARM.US) ranked third with 1.10 million shares valued at $156 million (4.05%). Nebius Group (NBIS.US) followed in fourth place with 1.19 million shares worth $134 million (3.48%), while Recursion Pharmaceuticals (RXRX.US) took fifth with 7.71 million shares valued at $37.61 million (0.98%). WeRide (WRD.US) rounded out the top six with 1.74 million shares worth $17.21 million (0.45%).

NVIDIA is set to release its Q3 earnings on November 19. Notably, recent filings revealed that several major institutions reduced or exited their NVIDIA positions. Venture capitalist Peter Thiel sold his entire stake of approximately 537,742 NVIDIA shares, worth nearly $100 million based on the stock's average price from July to September. SoftBank also divested all its NVIDIA holdings, realizing about $5.8 billion. Bridgewater Associates slashed its NVIDIA position by 65.3%, reducing shares from 7.23 million to 2.51 million in Q3.