13F Alert: PKO Cuts NVIDIA Position 13.3%, Insider Sells $3.34M in Shares

For market watchers, the latest 13F filings reveal a classic profit-taking playbook on a high-flying AI stock. PKO’s $56.68 million position and the director’s $3.34 million sale at $215.73 per share are the kind of data points that traders and portfolio managers scrutinize for signals of a top.

PKO Investment Management Joint Stock Co reduced its position in NVIDIA by 13.3% in the first quarter of 2026, selling 50,000 shares and leaving a $56.68 million stake that remains its second-largest holding. This disclosure, part of routine 13F filings, arrives at a time when NVIDIA’s stock price has experienced significant growth driven by AI demand, raising questions about institutional profit-taking and rebalancing. The filing shows PKO still holds 325,000 shares, but the reduction, however modest relative to total institutional ownership (65.27% of the float), is part of a broader pattern of mixed institutional activity. Some funds, like Longfellow Investment Management, boosted their positions by nearly 48%, while others like Lifetime Wealth Management established new small stakes, indicating continued but cautious interest.

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PKO’s $56.68 million position and the director’s $3.34 million sale at $215.73 per share are the kind of data points that traders and portfolio managers scrutinize for signals of a top.

The holding decline comes alongside a notable insider sale by Director Stephen C. Neal, who sold 15,500 shares at an average price of $215.73 on June 3, 2026, reducing his ownership by 11.77% to 116,135 shares. This insider transaction, disclosed alongside the 13F data, adds a cautious signal. Although the timing of the information release does not necessarily align with the trade dates—13F filings cover the quarter ended March 31—the director sale in June suggests continued valuation sensitivity at the top. For context, NVIDIA’s stock traded around $175 in late March, meaning PKO likely realized gains near that level, while the director sold at a higher price in June, underscoring that even when institutions trim, they may be locking in profits rather than expressing bearishness.

The broader market implications revolve around NVIDIA’s centrality to the AI infrastructure buildout. The stock has nearly quadrupled from its 2022 lows, and institutional profit-taking is expected. PKO’s stake size ($56.68 million) is not large enough to move markets, but it serves as a microcosm of the big-money dance. The fact that 65.27% of shares are institutionally owned means these quarterly flow shifts provide insight into how the smart money is positioning for the next phase of AI expansion. Other names mentioned, like Presidio Capital Management and Vision Financial Markets, added small amounts, demonstrating that for every seller there are incremental buyers. This fragmentation suggests a market searching for direction rather than a clear consensus.