Royal Bank of Canada Updates Portfolio with Major Stock Moves

Royal Bank of Canada announces significant adjustments in its portfolio, impacting key stocks. Notable changes include a large increase in NVIDIA shares. Investors may want to monitor these shifts closely for potential implications on stock prices.

Date: 15-02-2025

AI Rating: 7

Portfolio Updates Affecting Stock Prices
In its latest 13F disclosure, the Royal Bank of Canada reported notable shifts in its portfolio holdings for the 12-31-2024 period. These movements may provide insights into the bank's future investment strategy and could impact stock prices in the market.

Key Stock Moves:
1. **NVIDIA ($NVDA)**: The bank increased its holdings by 11,080,148 shares, a 13% increase from the previous position, totaling approximately $1,487,953,075. This substantial addition suggests strong confidence in NVIDIA's growth potential, indicating a positive outlook that could potentially boost its stock price.

2. **Other Notable Additions**:
- **iShares S&P 500 ETF Trust ($IVV)**: 2,157,512 shares added, amounting to roughly $1,270,084,164, marking an 18% increase.
- **Microsoft ($MSFT)**: 2,989,493 shares added, totaling about $1,260,071,300, with an increase of 8%.
- **Intercontinental Exchange ($ICE)**: A remarkable increase of 5,529,309 shares, which is a 154% jump in their position worth approximately $823,922,334. This reflects a significant shift towards the stock.

3. **Decreases in Holdings**:
- **SPDR S&P 500 ETF Trust ($SPY)**: A notable decrease of 3,086,540 shares, which represents a 25% reduction from their previous position, totaling around $1,808,959,363. Such a reduction may signal a bearish stance on the broader market.
- **Visa ($V)**: A decrease of 2,961,324 shares, translating to an 18% reduction worth approximately $935,896,837.

The changes in the portfolio highlight shifts in investor sentiment which could lead to stock price volatility. Investors should closely monitor these stocks as the significant increases in holdings suggest potential for growth, while the reductions could indicate caution or reallocation of resources.

Stocks: NVDA IVV MSFT ICE SPY V