Wall Street quant firm Jane Street more than doubled its holdings in Nvidia just weeks before the chipmaker's chief executive resigned amid an unfolding espionage and infidelity scandal.
Regulatory disclosures place the firm at 23.8 million shares worth roughly $5.44 billion at the end of September, marking over double the 11.8 million shares it carried in the second quarter. Nvidia stood as its second-largest holding behind a broad S&P 500 ETF.
CEO Jensen Huang admitted infidelity to employees and stepped down following reports of intimate relationships with former executives, including one woman U.S. intelligence authorities suspect of spying for China.
Documents reflect holdings as of Sept. 30 and do not account for options or potential short trades executed after the reporting period ended, leaving the firm's current exposure unclear.