--- title: "Nvidia Earnings Approach: 6,105 Holders, Goldman at $38B" type: news slug: nvidia-earnings-q1-fy2027-institutional-positioning canonical_url: https://13finsight.com/news/nvidia-earnings-q1-fy2027-institutional-positioning published_at: 2026-05-16T19:16:39.607Z updated_at: 2026-05-16T19:16:42.870Z author: Alex Rivera author_title: Breaking News Editor author_url: https://13finsight.com/authors/alex-rivera word_count: 828 locale: en source: 13F Insight --- # Nvidia Earnings Approach: 6,105 Holders, Goldman at $38B > As Nvidia approaches its Q1 FY2027 earnings report, analysts are resetting price targets. 13F Insight data shows 6,105 institutional holders with Goldman Sachs at $38.47B and Capital Research at $33.66B among the active-manager conviction plays. Price Target Resets Signal Institutional Recalibration Before Results Ahead of Nvidia's Q1 FY2027 earnings report, expected around May 28, 2026, a five-star analyst has reset the stock's price target — a move that lands against an institutional ownership backdrop that tells its own story. Nvidia (NVDA) is now held by 6,105 institutional investors per the most recent 13F filing cycle, making it one of the most broadly owned equities on the US market. The question pre-earnings isn't whether institutions own Nvidia — it's how concentrated the conviction is, and which active managers are leaning in. The answer in 13F Insight's holdings data: Goldman Sachs is at $38.47B, Capital Research Global Investors at $33.66B, and Citadel Advisors at $28.82B. Those aren't index-tracking positions. They reflect active portfolio decisions by some of the most closely watched names in institutional finance. The Holder Table: Passive Dominant, Active Conviction Still Notable Like most mega-cap technology stocks, Nvidia's top-line institutional holder list is heavy with passive vehicles. BlackRock leads at $336.35B, followed by Vanguard Capital Management at $268.32B, and State Street Corp at $173.34B — three names that own Nvidia because it's in every major index, not because of a specific earnings thesis. But dig into the mid-tier and the picture shifts. Goldman Sachs Group holds $38.47B of NVDA, making it the tenth-largest reported institutional owner. Capital Research Global Investors holds $33.66B (thirteenth). Citadel Advisors holds $28.82B (seventeenth). Unlike the passive giants at the top, these are active managers whose holdings reflect specific investment judgments — and all three have been in the Nvidia story long enough to have lived through multiple earnings cycles. For Nvidia's Q1 FY2027, analyst estimates center on data-center revenue growth from H100 and H200 demand, with Blackwell GPU ramps adding optionality. The same data-center thesis that drove the stock from under $50 in mid-2022 to its current levels remains the core institutional argument. Goldman's $38.47B position, representing 5.23% of its total 13F portfolio, is unusually concentrated for a firm that size — a signal the conviction behind the thesis isn't casual. FMR and the Active-vs-Passive Divide One additional name worth flagging: FMR LLC (Fidelity) holds $173.33B in NVDA — effectively tied with State Street for fourth. Unlike State Street, FMR is a mix of index and actively managed funds. The scale of that position puts Fidelity's analysts deep in Nvidia's earnings model each quarter, and any guidance miss that triggers significant FMR outflows would move the stock. For investors running their own NVDA thesis into earnings, tracking the institutional holder composition via 13F Insight's NVDA page gives context that the price-target headline alone can't provide. When Goldman, Citadel, and Capital Research are all sitting with nine-figure positions, the bar for an earnings-driven institutional selloff is higher than it is for names where the active-manager community is underrepresented. What the SEC Filing Lag Means for Pre-Earnings Positioning The 13F filing that shows these positions reflects holdings as of March 31, 2026. Institutional trades completed between April 1 and the time Nvidia reports in late May are invisible to the public record until the Q2 2026 13F cycle lands in August. Pre-earnings positioning is precisely the window where the 45-day lag creates the most uncertainty. That creates an interpretation problem for retail investors: the $38.47B Goldman position is real, but it may have been materially trimmed or added to before the earnings call. The filing-date snapshot is the floor of what's known, not a live portfolio read. The institutional signals feed on 13F Insight tracks filing updates as they land, so any 13D or amended 13F that crosses the disclosure threshold post-quarter will appear there first. One concrete anchor: if any single institutional holder crosses the 5% beneficial ownership threshold for NVDA, a 13G or 13D filing obligation is triggered outside the normal 13F cycle. Based on Nvidia's current market capitalization, the 5% threshold represents roughly $160B–$180B. No current institutional holder is close, which means the primary disclosure mechanism remains the quarterly 13F — and the next visibility window is August 2026. Earnings Catalyst or Positioning Unwind? Nvidia earnings have historically been binary events for institutional positioning. The Q3 FY2025 report in November 2024 triggered a significant re-rating of the stock and brought in a fresh wave of institutional buyers. The Q4 FY2026 report in February 2026 was more muted — strong numbers, modest stock reaction, as expectations had been fully priced in. Q1 FY2027, landing around May 28, faces a different setup: analyst price target resets signal that forecasts are being recalibrated upward, which compresses the surprise upside potential but raises the floor for a disappointment-driven selloff. Goldman, Citadel, and Capital Research's combined ~$100B of active positioning is the implicit market's-eye-view of that risk/reward equation. For the full breakdown of institutional holders, quarterly changes, and active-vs-passive composition, see the NVDA holder table on 13F Insight. If you're tracking specific filer conviction plays around Nvidia, the Goldman Sachs filer page and the Citadel filer page both show full portfolio context. ## FAQ ### When does Nvidia report Q1 FY2027 earnings? Nvidia's Q1 FY2027 earnings are expected around May 28, 2026. The quarter covers February through April 2026 operations, with the primary focus on data-center GPU revenue from H100, H200, and Blackwell product lines. ### Who are the largest institutional holders of Nvidia stock? The largest reported institutional holders of NVDA as of the Q1 2026 13F cycle include BlackRock ($336.35B), Vanguard Capital Management ($268.32B), State Street Corp ($173.34B), and FMR LLC ($173.33B). Among active managers, Goldman Sachs holds $38.47B and Capital Research Global Investors holds $33.66B. ### Does Goldman Sachs own Nvidia stock? Yes. Goldman Sachs Group is the tenth-largest institutional holder of Nvidia (NVDA) with $38.47B reported in its Q1 2026 13F filing, representing approximately 5.23% of Goldman's total 13F portfolio — an unusually high concentration for a firm with $870B in total reported holdings. ### How many institutions hold Nvidia shares? As of the most recent 13F filing cycle, 6,105 institutional investors hold positions in Nvidia. This makes NVDA one of the most broadly held equities on the US market. The holder base spans passive index funds, active managers, hedge funds, and sovereign wealth funds. --- Source: 13F Insight — https://13finsight.com/news/nvidia-earnings-q1-fy2027-institutional-positioning Author: Alex Rivera — https://13finsight.com/authors/alex-rivera Last updated: 2026-05-16T19:16:42.870Z