A $2.5 Billion Stake in Nvidia Stock Vanished Into Thin Air
- Asia-based investor was a top holder in Nvidia, for three days
- Filing error wipes away major stakes in two technology stocks
Photographer: Andrew Harrer/Bloomberg
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It was the trade that never was. And that’s too bad, because it could have paid off handsomely.
On Nov. 14, amid the deluge of SEC Form 13F filings, a money manager based in Hong Kong disclosed a 11.5 million share stake in Nvidia Corp. This would have made the fund, Central Asset Investments & Management Holdings (HK) Ltd., the eighth-largest holder in the graphics processor maker as of the end of the third quarter, according to data compiled by Bloomberg. A 2 million share position in Chinese Internet firm NetEase, Inc. was also disclosed.