Jane Street's holdings in Nvidia more than doubled in the third quarter, valued at approximately 5.44 billion USD

The latest 13F filing from the quantitative trading firm Jane Street shows that as of September 30, the company held 23.8268 million shares of Nvidia common stock, with a market value of approximately $5.442 billion based on the quarter-end price. Compared to the end of the second quarter, when it held 11.8056 million shares valued at about $2.362 billion, the number of shares increased by 12.0211 million, an increase of about 101.8%. Among the listed common stock holdings, Nvidia is the second largest position, second only to the SPDR S&P 500 ETF.

The 13F only reflects the quarter-end holdings and does not represent the current positions, nor does it disclose short positions, and it does not specify the timing of the increases or the gains and losses. The same document also lists a large number of call and put options for Nvidia, corresponding to approximately 74.76 million shares with a notional value of about $17.07 billion, and about 10.5 million shares with a notional value of approximately $23.98 billion. Options are reported based on the notional value of the underlying stock, and the notional size may significantly exceed the actual investment, making it impossible to assess the overall risk exposure after hedging based on this information; therefore, this holding cannot be simply understood as a one-way heavy bet.