A Deep Dive Into NVIDIA’s Latest Portfolio Moves

Summary

Over the past several months, semiconductor giant and the world’s most valuable company, NVIDIA NASDAQ: NVDA, has not been shy about making equity investments. NVIDIA Today$222.82 +0.50 (+0.22%) As of 02:26 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$129.16▼$236.54Dividend Yield0.02%P/E Ratio45.50Price Target$279.06 The firm has announced multi-billion dollar stakes in several companies in 2026. However, the company’s latest 13F filing reveals some interesting wrinkles, leaving off multiple stocks that NVIDIA publicly said it had taken positions in. Get NVIDIA alerts:Sign Up The company also massively increased its position in a top neo-cloud and purchased shares in a little-known biotech company. These are the biggest takeaways from NVIDIA’s Q1 2026 13F filing, complete with a breakdown of these seemingly mysterious omissions. Coherent, Lumentum, and Marvell: Why 1 Showed Up and 2 Didn’tDuring Q1, NVIDIA announced $2 billion investments in three semiconductor stocks. However, only one showed up on its filing. That company is Coherent NYSE: COHR, which makes optical transceivers and other optical networking components. As data center demand for optical networking has taken off, so have Coherent shares. Over the last 12 months, Coherent stock is up 350%. Coherent Today$353.40 -9.43 (-2.60%) As of 02:26 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$73.66▼$413.00P/E Ratio169.53Price Target$379.64 Its investment in Coherent comes as NVIDIA looks to help the company increase its production capacity, supporting the roll-out of NVIDIA’s optical networking solutions. NVIDIA also made a “multibillion-dollar purchase commitment” for Coherent’s products. However, NVIDIA also announced a very similar investment in Lumentum NASDAQ: LITE on the same day in early March. Interestingly, Lumentum did not show up on NVIDIA’s 13F. Looking at the regulatory filings related to these investments re...