Billionaire Philippe Laffont Has Sold Shares of Nvidia in 10 of the Last 11 Quarters -- What Does He Know That Wall Street Doesn't?

4 hours ago 3

Sean Williams, The Motley Fool

Tue, March 17, 2026 astatine 4:26 AM CDT 4 min read

Roughly 3 decades ago, the advent and proliferation of the net changed firm America forever, arsenic good arsenic paved the mode for the retail capitalist revolution. Investors person been waiting a agelong clip for the adjacent technological leap guardant to conscionable oregon transcend what the net did for businesses -- and artificial quality (AI) has answered the call.

Artificial quality is simply a multitrillion-dollar planetary accidental that's presently being led by Wall Street's largest publically traded company, Nvidia (NASDAQ: NVDA). Nvidia's graphics processing units (GPUs) are the brains that marque AI-accelerated information centers tick.

Will AI make the world's archetypal trillionaire? Our squad conscionable released a study connected the 1 little-known company, called an "Indispensable Monopoly" providing the captious exertion Nvidia and Intel some need. Continue »

A wealth manager utilizing a stylus and smartphone to analyse a banal illustration displayed connected a machine monitor.

Despite Nvidia's jaw-dropping maturation rate, the superior compute capabilities of its GPUs, and its otherworldly currency flow, billionaire Phillippe Laffont of Coatue Management has been a seller of its shares successful 10 of the past 11 quarters (April 1, 2023 – Dec. 31, 2025). All stock counts beneath person been adjusted for Nvidia's 10-for-1 banal divided successful June 2024.

Q1 2023: 49,802,020 shares held
Q2 2023: 46,449,700 shares (-3,352,320)
Q3 2023: 45,410,400 shares (-1,039,300)
Q4 2023: 43,222,010 shares (-2,188,390)
Q1 2024: 13,851,410 shares (-29,370,600)
Q2 2024: 13,754,447 shares (-96,963)
Q3 2024: 10,138,161 shares (-3,616,286)
Q4 2024: 10,006,488 shares (-131,673)
Q1 2025: 8,545,835 shares (-1,460,653)
Q2 2025: 11,488,529 shares (+2,942,694)
Q3 2025: 9,870,743 shares (-1,617,786)
Q4 2025: 9,203,338 shares (-667,405)

The large question is, "Why?" Does Laffont cognize thing astir Nvidia that the remainder of Wall Street doesn't?

Image source: Nvidia.

Some of Laffont's selling apt boils down to benign profit-taking. Since initially gathering a mammoth involvement successful Nvidia during the 3rd 4th of 2022 (i.e., the tallness of the 2022 carnivore market), shares of the institution person surged by much than 1,200%! Historically, Coatue Management's brag has shown a willingness to fastener successful important gains erstwhile fixed the opportunity.

But profit-taking astir apt isn't the full story.

For one, past hasn't proven each that benignant to game-changing technologies implicit the past 3 decades. Every next-big-thing inclination has endured an aboriginal innings bubble-bursting lawsuit that came astir due to the fact that investors overestimated the adoption and/or optimization of a caller technology. Even though businesses are spending large connected AI infrastructure (i.e., nary issues with adoption), it'll apt beryllium years earlier these aforesaid companies are optimizing AI solutions. If an AI bubble forms and subsequently bursts, Nvidia would undoubtedly beryllium hit.

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