By Nauman Khan
Publication Date: 2026-10-06 18:11:00
This article first appeared on GuruFocus.
Nvidia (NVDA) is becoming an even bigger influence across the ETF market as its shares climb to new highs. The stock rose 1.5% in morning trading Tuesday reaching a record level at $242.5.
The chipmaker was held by 896 ETFs, with those funds collectively owning roughly 3.8 billion shares. That widespread exposure means movements in Nvidia can affect returns across funds covering areas far beyond the semiconductor industry.
Some ETFs have made the stock a particularly large part of their portfolios. FT Vest NVDA & Target Income ETF had Nvidia at 49.59% of assets, while GraniteShares 2x Long NVDA Daily ETF allocated 35.83% and Direxion Daily NVDA Bull 2X Shares held 27.94%.
Nvidia also represented more than 20% of several other products, including Strive U.S. Semiconductor ETF at 21.67% and Global X PureCap MSCI Information Technology ETF at 20.2%. VanEck Semiconductor ETF had a 19.28% allocation, while Vanguard Information Technology ETF stood at 17.73%.
The concentration extends into growth-focused funds as well. T. Rowe Price Blue Chip Growth ETF and Fidelity Fundamental Large Cap Growth ETF each had Nvidia accounting for more than 17% of their portfolios.