Institutional Insights: Hedge Funds and ETFs' Moves on Tesla (TSLA)

2024-03-12

At the end of the quarter ending on December 31, 2023, Tesla (TSLA) was held by a total of 3001 hedge funds, collectively owning 1,717,644,012 shares, as reported by sharkstracker.com. Furthermore, 63 ETFs also had stakes in TSLA, with a combined holding of 115,797,855 shares. Among the top institutional holders of TSLA shares were Vanguard Group Inc., BlackRock Inc., State Street Corp, Geode Capital Management, LLC, and Susquehanna International Group, LLP.

During the last quarter, 1361 hedge funds were actively buying TSLA shares, while 1161 were selling their positions. The total number of TSLA shares purchased by hedge funds amounted to 76,519,447, whereas 137,590,301 shares were sold off. Notably, 122 hedge funds decided to double down on their TSLA holdings, while 18 hedge funds opted to divest at least 90% of their TSLA shares.

Among the institutions displaying a more pessimistic outlook on TSLA were Baillie Gifford & Co, Susquehanna International Group, LLP, and Citadel Advisors LLC. Conversely, the most optimistic institutions regarding TSLA included Legal & General Group Plc, State Street Corp, Vanguard Group Inc, Norges Bank, and Jane Street Group, LLC.

The data sourced from sharkstracker.com offers a detailed and data-centric perspective on the market dynamics surrounding Tesla (TSLA) shares.