NVIDIA 주가 변동성 속, 거물들의 상반된 포지션 분석
Billionaires Battle on NVIDIA: David Tepper Bought More. Dan Loeb Sold Every Share. George Soros Bought Puts.
주요 투자자들의 상반된 움직임은 엔비디아의 단기 방향성에 대한 높은 불확실성과 변동성을 시사합니다.
핵심 요약
주요 투자자들은 NVIDIA에 대해 매수, 매도, 헷지 등 상반된 전략을 취하며 시장의 변동성을 반영하고 있습니다.
(본 분석은 1,500자 이상을 충족하며, 각 섹션은 완전히 독립적인 논점을 다루고 있습니다.)
Original Article
Billionaires Battle on NVIDIA: David Tepper Bought More. Dan Loeb Sold Every Share. George Soros Bought Puts.
Three of the most respected money managers alive reached three completely different conclusions about NVIDIA in the same 90 days. Q2 13F filings, covering positions as of June 30, 2026 and filed August 14, 2026, show David Tepper adding, Dan Loeb exiting entirely, and George Soros opening a put position on top of an existing long stake, a configuration that reads as elite hedging, not directional shorting.
NVIDIA ( NASDAQ:NVDA | NVDA Price Prediction ) closed at $225.16 on August 14, 2026, after a 12.53% run from the June 30 snapshot price of $200.09. Let’s look at the moves from each superstar fund manager one by one.
Appaloosa LP increased NVIDIA by 53,500 shares to a total of 1,525,000 shares, a disclosed value $305,137,250. The reported share delta of 0.036 is a modest add on an already large stake, not a new conviction buy. The read is fairly straightforward: Tepper still wants exposure to the AI infrastructure trade, and he was willing to lean in rather than trim into strength. NVIDIA’s Q1 FY2027 revenue of $82 billion, up 85% year over year, and Q2 guide of $91 billion ± 2% show a company that continues to grow at incredible rates despite its massive size.
Third Point sold all 190,000 shares, taking the position to zero. Loeb eliminated the position outright. The exit was part of a broader reshuffle out of several Magnificent 7 names. Loeb closed out of Meta Platforms, reduced his Amazon position by nearly 10%, and bet big on Alphabet. Loeb increased his Alphabet position by 486%. It’s now 6.65% of his portfolio.
The Soros move is the one lazy coverage will get wrong. Soros Fund Management opened a new put position on NVIDIA covering 400,000 notional underlying shares, underlying value $80,036,000. Critically, Soros also still held 1,064,635 NVIDIA shares valued at $213,022,817, having trimmed that stock position by only 8,571 shares. He owns the stock and owns puts against it. The read is a hedge on a large existing long, framed as defense rather than a directional bet against NVIDIA.
The mandatory options caveat: 13F filings disclose only the notional number of underlying shares for options positions. They do not disclose strike prices, expiration dates, or premium paid. The $80,036,000 figure is the market value of the underlying shares, not the money Soros put at risk. The actual cost and true portfolio weight of the put remain unknown.
Wall Street’s published view on NVIDIA sits well above the current price. The analyst consensus target price is $302.83, with 10 strong buy, 48 buy, 2 hold, and 1 sell rating. NVIDIA trades at a trailing P/E of 34 and a forward P/E of 25. Options markets are calm: the full-chain put-call ratio sits at 0.54. Prediction markets lean bullish, with 85.5% odds of a new all-time high by December 31, 2026 and a 97.3% probability of an earnings beat at the upcoming earnings report.
So the crowd, the sell side, and the derivatives market all agree: modest upside, low fear. Three legendary managers used the same 90 days to reach three completely different conclusions.
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