Institutional Investors' Mixed Sentiment Towards Rivian Automotive Revealed

2024-03-12

Rivian Automotive had garnered significant interest from institutional investors, with 681 hedge funds and 29 ETFs holding shares in the company. Among the top institutional holders were industry giants such as Amazon, Price T Rowe Associates, Vanguard Group, BlackRock, and FMR LLC. During the last quarter, 273 hedge funds made purchases of Rivian shares, while 228 opted to sell their holdings. Notably, 58 hedge funds displayed a strong vote of confidence in the company by doubling their positions, indicating a positive outlook on Rivian's future prospects.

Despite the overall optimism surrounding Rivian, there were 14 hedge funds that chose to offload at least 90% of their shares in the company during the last quarter. This divergence in investor sentiment highlights the varying opinions and strategies at play within the market.

The data, which was obtained from sharkstracker.com, offers a data-driven perspective on the market dynamics, empowering investors to make well-informed decisions based on the activities of hedge funds and ETFs in relation to Rivian Automotive.