What Stock Split Are Elite Hedge Fund Managers Actually Betting On?

When the world’s richest hedge fund managers make portfolio decisions, they weigh growth potential, financial fundamentals, and valuation metrics carefully. Stock splits rarely factor into their thinking—after all, billionaires aren’t concerned about share affordability. Yet analyzing their latest holdings reveals a striking pattern: one stock-split play dominates their portfolios far more than others.

Mapping the Billionaire Hedge Fund Manager Landscape

To identify which stock-split securities captivate famous hedge fund managers globally, I examined the 2024 positions of the world’s 10 wealthiest fund operators, drawing from Forbes’ updated wealth rankings and recent SEC filings. The group includes names like Ken Griffin (Citadel, $37.7B net worth), David Tepper (Appaloosa Management, $20.6B), Steve Cohen (Point72 Management, $19.8B), and Ray Dalio (Bridgewater Associates, $15.4B), among others.

This analysis focused exclusively on stocks that underwent or announced splits in 2024, filtering the broader portfolios to reveal genuine conviction plays.

Nvidia Emerges as the Undisputed Choice

Across this elite group of famous hedge fund managers, one name towers above the competition: Nvidia (NASDAQ: NVDA).

The GPU designer executed a highly anticipated 10-for-1 stock split in June—its sixth split since inception. More tellingly, Nvidia anchors the largest stock-split position across multiple mega-funds: it ranks first for Griffin’s Citadel, Tepper’s operation, Dalio’s Bridgewater, and Israel Englander’s Millennium Management. Cohen’s Point72 holds it as the second-biggest split-related holding.

This concentration of capital from sophisticated investors signals genuine confidence in the business, well beyond the mechanical effects of stock division.

The Other Contenders

Broadcom (10-for-1 split in July) represents a secondary favorite, particularly within Cohen’s Point72 and Griffin’s Citadel positions. Chipotle Mexican Grill (50-for-1 split in June) captures interest from Griffin and Shaw’s D.E. Shaw & Co. funds. Walmart (3-for-1 split in February) rounds out the split landscape, appearing meaningfully in both Dalio’s and Shaw’s portfolios.

Yet none approach Nvidia’s prevalence across these billionaire-led operations.

The Critical Caveat

Interestingly, several of these same titans—Griffin, Tepper, Englander, and Shaw—reduced their Nvidia exposure during Q1 2024. This underscores a fundamental truth: owning a position and adding to it are different decisions. These hedge fund managers regularly rebalance based on evolving risk-reward assessments.

For individual investors, the takeaway isn’t to blindly mirror billionaire positions. Instead, evaluate whether Nvidia’s valuation reasonably reflects its anticipated growth trajectory in GPU computing and AI infrastructure. The stock split itself is irrelevant to that analysis—it’s a corporate housekeeping matter, not an investment signal.

Famous hedge fund managers and retail investors alike should focus on fundamentals, not share-price mechanics.