Jane Street more than doubled its Nvidia stake in Q3, valued at approximately $5.44 billion

November 13 - The latest 13F filing from quantitative trading firm Jane Street shows that as of September 30, the company held 23.8268 million shares of Nvidia common stock, with a market value of approximately $5.442 billion based on the quarter-end price. Compared to 11.8056 million shares worth about $2.362 billion at the end of the second quarter, the share count increased by 12.0211 million shares, a gain of approximately 101.8%. Among the listed common stock holdings, Nvidia is the second-largest position, trailing only the SPDR S&P 500 ETF (SPY).

13F filings only reflect quarter-end holdings, do not represent current positions, do not disclose short positions, and do not specify the timing of increases or profit/loss. The same filing also lists a large number of Nvidia call and put options, corresponding to approximately 74.76 million shares with a notional value of about $17.07 billion, and approximately 105 million shares with a notional value of about $23.98 billion, respectively. Options are reported based on the notional value of the underlying stock; notional size may be significantly larger than actual capital invested, and the overall risk exposure after hedging cannot be determined from this, so this holding should not be simply interpreted as a one-directional heavy bet.