Jane Street Doubles Nvidia Stake Before CEO Resignation and Stock Plunge

OPA WIRE, Nov 13 (OPA) — Jane Street held 23.8 million Nvidia shares valued at approximately $5.44 billion at the end of the third quarter, according to a 13F regulatory filing released Thursday. That figure represents a substantial increase from the 11.8 million shares worth $2.4 billion held in the previous quarter. Nvidia stood as the firm's second-largest holding behind the SPDR S&P 500 ETF Trust. The regulatory disclosure reflects positions held as of Sept. 30, preceding broader market shifts.

The filing does not specify the exact execution dates of the purchases or whether the quantitative firm realized gains or losses on the position. Additionally, the 13F documentation discloses large holdings of put and call options reported via underlying share values rather than market values. These notional figures can exaggerate the true scale of capital deployed, masking the firm's precise net directional exposure once offsetting hedging transactions are taken into account.

The massive accumulation occurred just over six weeks before Jensen Huang resigned as Nvidia CEO following disclosures regarding personal relationships. Huang stepped down Thursday after leading the company since its founding in 1993, with Chief Financial Officer Colette Kress assuming the role of interim CEO. Media reports detailing Huang's relationships, including one with an individual scrutinized by U.S. authorities over alleged ties to Beijing, prompted Nvidia shares to drop nearly 13% over a five-day span, hitting a 17-month intraday low on Thursday.

Jane Street has not responded to requests for comment regarding the timing of its transactions or its current net exposure to the chipmaker. The firm's filings do not account for short positions taken after the reporting period closed. While Jane Street reportedly generated over $40 billion in trading revenue in 2026, it also faced recent volatility, including a reported $15 billion drawdown tied to positions in an AI-focused hedge fund.