According to CNBC's analysis of regulatory filings, Cantor Fitzgerald reported a 49% reduction in its NVIDIA shareholdings between September 2025 and March 2026, down to approximately 1.78 million shares, a count that excludes options. Cantor responded that the positions listed in its 13F filings are primarily related to day-to-day client swap transactions, and that its independent proprietary position is not significant. The report noted that the filings do not indicate the reason for the reduction in shareholdings or whether its overall NVIDIA exposure has decreased, nor is there evidence linking the position changes to relevant intelligence warnings.