Su Wantang walked out of the inner room, holding a cup of freshly brewed Pu'er in his hand.
She took away the cold tea cup and put the warm porcelain cup into Zhao Chen's hand, her fingertips lightly brushed across the back of his hand.
"Lawyer Lin, after following you for so long, this is the first time I see him looking at you like that."
Zhao Chen took the teacup and blew the tea leaves floating on the rim of the cup.
"What look?"
"It was like he saw something he couldn't explain."
Zhao Chen did not answer the call.
His eyes returned to the window.
The morning light on Manhattan has completely spread out, the mist on the Hudson River has dispersed, and the river surface is as bright as a mirror.
In the distance, Wall Street wakes up from its deep sleep. Those who hold trillions of funds are walking into their respective offices, opening Bloomberg Terminal, and preparing to start another trading day.
Most of them will continue to sell Nvidia today.
And there was a hand, somewhere they couldn't see, quietly catching every chip they threw.
Era Vanguard has become the biggest stalker in the market.
Three days later, Beijing was on December 15th, Eastern time, and United States was after the market on December 14th, Eastern time.
Zhao Chen met Elon Musk again in Launch Site of Boca Chica.
The system test of Starworm was delayed for several hours due to a valve problem of Raptor engine. Elon Musk only had time to walk over from the launch pad after the control center and engineers held an emergency meeting.
He was wearing work clothes stained with engine oil, and his hair was as messy as a bird's nest, but the fire in his eyes did not go out at all.
The two of them stood on the gravel road of Launch Site. Starworm in the distance glowed silver-gray in the Texas afternoon sun.
"Era Vanguard's three hundred million US Dollar will be received before the end of the month."
Zhao Chen said, "Lawyer Lin is already going through the fund transfer process."
Elon Musk nodded, then suddenly turned his head and looked at Zhao Chen.
"I heard about Nvidia."
Zhao Chen's expression has not changed.
"Someone over there at Wall Street is spreading rumors that an offshore fund took over large amounts of goods when SoftBank was about to sell off Nvidia.
The volume is large and the technique is very stable. It is not like short-term bargain hunting, but more like using short-term bad news to collect chips for long-term positions."
Elon Musk's eyes fell on his face, "Is that you?"
Zhao Chen did not deny it.
Elon Musk suddenly smiled.
It's not the polite smile in social situations, it's the "it's really you" smile.
"Huang Renxun wonders what he would think if he knew that a China person was becoming his largest external shareholder."
"He will know," Zhao Chen said, "But not now."
Elon Musk patted his shoulder, turned around and walked towards the launch pad.
After walking a few steps, I turned back.
"Zhao, after Starworm takes off, I'll invite you and Huang Renxun to have a meal together. Texas barbecues, three people."
Zhao Chen stood there, watching the back of Elon Musk disappear into the shadow of the launch pad.
Texas The winter wind blows from the wilderness, carrying the smell of gravel and engine oil.
He wrapped his coat tightly and turned around. Su Wantang was standing not far away looking at him, holding his mobile phone in his hand.
"Lawyer Lin's phone number."
Zhao Chen took the phone and put it to his ear.
"Zhao Zong, the first batch of warehouse opening is completed."
The voice of Lin Shicheng came from New York, with uncontrollable excitement.
"The first batch of 1.2 billion US Dollar were all purchased at an average cost of 141.3 US Dollar.
Nvidia closed at 143 today US Dollar, the intraday low was over 139.
We had a lot of leverage in that position."
He paused.
"Including the previous 22 million shares, Era Vanguard's total holdings are approximately 29 million shares, accounting for approximately 4.8% of the total share capital of Nvidia."
Four point eight percent.
There is still one step away from the 5% 13G declaration threshold.
"How is the staking progress for the next few batches?" Zhao Chen asked.
"The second batch of 750 million, Citigroup has completed the due diligence and will sign the contract next week.
The third and fourth batches will be around Christmas and early January next year respectively.
Zhao Zong, Masayoshi Son, Bloomberg posted another follow-up report--
SoftBank has officially started the clearance process internally, and it is expected that all items will be sold out before mid-January."
Zhao Chen's eyes fell on the silver-gray stainless steel shell of Starworm in the distance.
Elon Musk was standing under the launch pad, raising his head and gesticulating with the engineers. His shadow was stretched long by the afternoon sun and dragged on the gravel ground of Texas wilderness.
"The second batch of funds entered the market when SoftBank Selling Pressure was most intensive."
Zhao Chen's voice is steady and sure,
"Masayoshi Son will give out as much as Era Vanguard will receive.
The day he clears it is the day we get 10%."
On the other end of the phone, Lin Shicheng was silent for a moment.
"Zhao Zong."
"Huh?"
"I suddenly remembered something you said before.
You said that what you want is a position, a position where Era Vanguard can be recognized by Wall Street."
Lin Shicheng's voice came from the other end of the phone, with a solemnity released from oppression.
"When all these positions are completed, Era Vanguard will not be just in the top five on Nvidia's Shareholder Register."
He paused.
"Vanguard is about 7.7%, BlackRock is just over 7%, Fidelity is 6%, and State Street is about 4%.
Nvidia's equity has never been concentrated, and no external organization has truly obtained the core position of this company."
Lin Shicheng's voice was very low, as if he was telling a secret that no one else could hear.
"Ten point seven to eleven point nine percent. Zhao Zong, which means Era Vanguard is not one of Major Shareholder of Nvidia--
Era Vanguard will surpass Vanguard and become the largest institutional shareholder of Nvidia."
There was silence on the other end of the phone for a few seconds.
Zhao Chen Holding the mobile phone, Boca Chica The winter wind blows from the wilderness, carrying the smell of gravel and engine oil.
"And not just first."
The voice of Lin Shicheng continues to come,
"Zhao Zong, in the history of Nvidia, no external institution has ever held more than 10% of the shares.
No for Vanguard, no for BlackRock, no for Fidelity.
Huang Renxun himself only has about 3.5%.
Era Vanguard is not only the largest institutional shareholder of Nvidia, but also obtained this position by holding more than 10% of the shares, using the SEC's 13D declaration, and using the identity of Insider."
He paused, and there was a solemnity in his voice that Zhao Chen had never seen in him before.
"Zhao Zong, on the day when the 13D declaration is submitted, a message will pop up on the terminals of Bloomberg and Reuters at the same time--
'Times Pioneer Capital holds more than 10% of the shares of Nvidia, becoming the company's largest institutional shareholder'.
This news will be written into the company history of Nvidia."
Zhao Chen did not answer.
His eyes fell on the silver-gray stainless steel shell of Starworm in the distance. Elon Musk was standing under the launch pad, raising his head and gesticulating with the engineers.
The prototype machine like Stainless Steel Water Tower looked clumsy, rough, and could fall down at any time, but it stopped there steadily, like a nail nailed in the sky.
Same goes for Nvidia.
Now its market value is less than 90 billion, US Dollar has a mountain of inventory, the growth rate of its game business has slowed down, and the entire Wall Street is running away.
But Zhao Chen knows that a few years later, when the AI wave pushes this company to a market value of one trillion US Dollar,
Those who are panicking today will be silent for a long time looking at Nvidia and Shareholder Register one day in the future.
On the first page of the roster, the name Era Vanguard is written.
"Lawyer Lin." Zhao Chen finally spoke, his voice as calm as Texas's windless afternoon in the wilderness.
"I'm here."
"Ten percent is just the beginning.
Vanguard and BlackRock will not stop increasing their holdings just because we enter the market. They are index funds. The higher the weight of Nvidia in the index, the heavier their passively allocated positions will be.
If Era Vanguard wants to secure its position as the largest institutional shareholder, it will need to continue Add Position in the future."
Zhao Chen's voice was unhurried, "Our goal is not to surpass them once, but to prevent them from catching up."
Lin Shicheng was silent on the other end of the phone for a few seconds, and then Zhao Chen heard a very light laugh.
"Zhao Zong, what you just said will be recorded in Era Vanguard's investment memorandum."
Zhao Chen hung up the phone and handed the phone to Su Wantang.
"The largest institutional shareholder." She said softly, not a question, but a statement.
Zhao Chen turned his head to look at her.
"Is this position enough?"
Zhao Chen did not answer immediately.
His eyes moved away from her face and fell on the silver-gray Stainless Steel Water Tower on the launch pad in the distance.
He withdrew his gaze and looked at her.
"The largest institutional shareholder is enough. But it is not the end.
Nvidia is just a cornerstone of Era Vanguard. There will be SpaceX in the future, and there are more things we can't see now. This road--"
He paused.
"This road has just begun."