Analysis
As of November 15, 2026, two of Nvidia's best-known hedge-fund shareholders and the chairman of South Korea's Mirae Asset Group are pressing the company's board to keep Jensen Huang's return on the table. Altimeter Capital CEO Brad Gerstner and Atreides Management's Gavin Baker, whose firms held about $2.13 billion of Nvidia stock as of June 30, sent the board a letter asking for "a slow, measured, and deliberate process regarding the future leadership of Nvidia," CNBC reported on Saturday. Mirae Asset chairman Park Hyeon-joo has signed the "Stand With Jensen" petition, the Seoul Economic Daily reported on Sunday, citing financial industry sources.
Pulse covered the petition itself on November 14, when TechCrunch counted more than 115,000 signatures and Elon Musk had signed. What changed since then is who is pushing. The first wave was employees, founders and retail holders on a self-reported petition site. The second wave is institutional money with disclosed positions, writing to the board directly.
What the Altimeter and Atreides letter asks for
The letter does not demand that Huang be reinstated. According to CNBC, it asks the board to weigh every option for Nvidia's future leadership, including the "potential return of Jensen Huang," and says the founder "has earned the right for a deliberate process that avoids any needless rush to replace him." It also says Nvidia will be "capably led" by interim CEO Colette Kress in the meantime. CNBC reported no board response to the letter.
“- Atreides Management -- 1.2 million shares, worth nearly $250 million.”
The stakes behind it, per CNBC's reading of the funds' June 30 holdings:
- Altimeter Capital -- 9.4 million Nvidia shares, worth nearly $1.9 billion, which CNBC says was Altimeter's largest disclosed equity holding.
- Atreides Management -- 1.2 million shares, worth nearly $250 million.
The Seoul Economic Daily puts the same two positions at about 9.41 million and 1.25 million shares as of the end of June, and dates the letter to November 14.
Who is Mirae Asset's Park Hyeon-joo, and how much Nvidia does Mirae own?
Park is the chairman of South Korea's Mirae Asset Group. Mirae Asset Global Investments, the U.S. unit of Mirae Asset Securities and other affiliates hold about 17.44 million Nvidia common shares, a stake valued at $3.98 billion, or about 5.39 trillion won, as of September, according to the Seoul Economic Daily. A Mirae Asset official told the paper the firm does not hold Nvidia on its proprietary account and backs the petition "for the protection of clients and investors."
Park argued it was premature to decide Huang's status while an independent investigation is under way, and that the board should weigh the effect a management change would have on investors, citing roughly 30 trillion won of Korean investor exposure to Nvidia-related investments, the paper reported. The petition asks that Huang be restored as CEO until that investigation is complete and the board justifies any replacement. The Seoul Economic Daily counts more than 110,000 signatures, below TechCrunch's earlier 115,000-plus; the outlets counted at different times and both figures are the petition site's own, self-reported numbers. Named signers include Musk, Epic Games CEO Tim Sweeney, Garry Tan and Aidan Gomez.
How Huang left Nvidia
Nvidia said on November 12 that Huang had resigned as president, CEO and director, and named CFO Colette Kress interim CEO, per the company's SEC filing. The filing gave no reason. The Seoul Economic Daily reports that Huang acknowledged an extramarital relationship in a message to the company on November 8, local time, and that the board opened an independent investigation into reports that he had been targeted by a foreign intelligence agency before accepting his resignation. Kress had been Nvidia's CFO for 13 years, per CNBC.
Value Add VC data
Nvidia is public, so there are no private rounds to list. The disclosed positions behind this week's pressure campaign, as reported:
- Jun 2026, Altimeter Capital -- 9.4 million shares, nearly $1.9 billion (CNBC)
- Jun 2026, Atreides Management -- 1.2 million shares, nearly $250 million (CNBC)
- Sep 2026, Mirae Asset affiliates -- about 17.44 million shares, $3.98 billion (Seoul Economic Daily)
For founders the number that matters is a different one. Nvidia and NVentures joined 121 startup funding deals in 2026 through mid-November, a record, per the Crunchbase tally Pulse covered in its November 13 story, and investors told TechCrunch those calls ran through Huang.
The limits of shareholder pressure
The limitation is scale, and the risk for Huang's backers is that the board simply waits them out. Altimeter, Atreides and Mirae together hold a small fraction of a company of Nvidia's size, the letter is a request rather than a proxy threat, and the petition's signature counts are self-reported and unverified. The board has also already split the chair role away from the CEO job. A slow search is easy for directors to grant; reversing a resignation that took Huang off the board as well is a much bigger step, and none of the three investors has asked for it outright.
The next public test is Kress's first earnings call as interim CEO, where analysts can ask her directly how long the search will run.