Federated Hermes’ Lewis Grant on the decision to sell Nvidia before the stock surged
The UK-based trader explains why his firm exited the chipmaker and shares London’s view on the potential impact of a Trump White House on global markets.
One of the steepest learning curves in Lewis Grant’s career came early last year when he exited Nvidia just before the stock surged over 200%, becoming one of the hottest stories in global markets.
The London-based senior portfolio manager at Federated Hermes — who was in Sydney this month — said he’s still working to determine what lessons to take from the experience. Still, he’d make the same decision today if faced with similar circumstances.
Grant describes his investing style, and that of his team, as quantitatively driven but grounded in a more fundamental process. This approach relies on a model he developed — and continues to refine — off the back of the 2008 crash.
Speaking with Capital Brief for Past Performance, a Q&A series with top investors on their mistakes, contrarian bets and what lies ahead, Grant shared his views on the upcoming US election and the threats a fraught geopolitical environment could pose to stocks aiming to benefit from the AI wave.
