Angelicoussis Family Office Moves Big Into Nvidia and Public Stocks

How the move happened

Maria Angelicoussis, 44, runs the family's namesake shipping group, and a representative for her declined to comment on the investments. Nicrone, the family office tied to the Angelicoussis Group owner, began accumulating Nvidia Corp. shares in recent years as part of a shift away from private markets and into public stocks, according to people familiar with the strategy who requested anonymity because the details are private. The firm launched four years ago with over $1 billion in assets and keeps its equity positions under wraps.

Those people said Lavers led the move into listed markets and, during her tenure at the UK branch, Nvidia became one of Nicrone's top public holdings.

What is known and what is not

The exact size of Nicrone's Nvidia position and its current gains are not known. A representative for Nicrone did not respond to requests for comment. What is clear is the timeline: since Lavers took over the UK operation three years ago, Nvidia's stock price has more than quadrupled.

Bloomberg's Billionaires Index estimates Angelicoussis's net worth at about $13.5 billion. Bloomberg also noted that AI-linked shares have been beating broader market returns since the start of 2025.

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Family history and recent hires

Public markets have long been part of the family's playbook. John Angelicoussis, who ran the business for more than three decades and died in 2021, directed the money generated by the Athens-based shipping enterprise - set up by Maria's grandfather nearly a century ago - into US shares like Apple Inc. During the pandemic, that portfolio was liquidated, and the cash was used to establish Nicrone. The firm has recently sought to add investment staff for "long-term value creation" in public equities. In 2024, Ben Goldsmith took the role of head of public capital; before that he worked at Zeno Equity Partners, a London stock-picking firm that, per his LinkedIn profile, specializes in long-term strategies.

Nicrone's push into Nvidia also mirrors a wider trend. At the end of June, in excess of a dozen family offices that disclosed US positions owned Nvidia, including the Rausing family office and entities associated with David Tepper and George Soros. Their stakes averaged almost $200 million and typically accounted for about 4% of their US stock portfolios.

Wider context and what it means for your portfolio

Shipping dynasties building out family offices is not unusual either. Two branches of the Oldendorff family have set up operations across Germany and the UK, registry filings show. And big money is leaning into stocks: UBS Group AG, in a survey conducted this year of 307 family offices - with each managing around $1.3 billion on average - found that nearly one-third of their portfolios were in developed-market equities.

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