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Nicrone, the family office of the Greek shipowner Maria Angelicoussis, has built a stake in Nvidia that ranks among its largest listed holdings, Bloomberg reported on Sept. 23.
Neither the size of the position nor the profit on it is known. Nicrone does not disclose its stock investments, and a representative for Angelicoussis declined to comment.
What is known is the share price. Nvidia has more than quadrupled since Laura Lavers, a former hedge fund executive, took charge of the family office's British arm three years ago, and the chipmaker is now worth about $5.5 trillion.
Lavers is running a deliberate shift. Nicrone was set up four years ago with more than $1 billion and has been moving money out of private markets and into listed shares, with Nvidia among the first results.
The money behind it came from carrying other people's cargo. Angelicoussis Group is one of the largest privately owned shipping companies in the world, and freight rates ran high for years after the pandemic disrupted global supply chains, then again this year during the conflict between the United States and Iran.
Bloomberg's Billionaires Index values Angelicoussis at $13.5 billion, which makes her the wealthiest person in Greek shipping. Forbes has put her considerably lower, at $7.6 billion.
Her family has done this before. Her grandfather founded the Athens shipping company almost a century ago, and her father John ran it for more than three decades until his death in 2021, routing shipping profits into American shares including Apple. That portfolio was sold during the pandemic, and the cash from it became Nicrone.
Maria Angelicoussis is 44. She was born in February 1982, studied at Cambridge and University College London, holds Greek and British citizenship, and took over the group after her father died.
The largest transaction she has done was buying Altera Shuttle Tankers, a British owner and operator of 18 shuttle tankers, which are purpose-built vessels that load crude directly from offshore production platforms.
She sits on the board of the Union of Greek Shipowners, and Lloyd's List ranked her eighth on its list of the hundred most influential people in shipping in 2025, up from twelfth in 2023.
Shipping fortunes rise and fall with freight rates, which is the reason the family has spent a century putting cash from good years somewhere else. What has changed is where. Her father bought consumer technology, and the generation running the money now has bought the company selling the hardware that trains artificial intelligence.
Nicrone joins a long list of family offices that have ridden the same trade.
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