Hedge funds Group One Trading LP, Two Sigma Investments LP and Holocene Advisors LP were among the largest purchasers of Tesla Inc stock during the third quarter, filings released Monday showed.
A view of the Tesla service centre in Singapore July 16, 2022. REUTERS/Chen Lin/File Photo
NEW YORK, Nov 14 - Hedge funds Group One Trading LP, Two Sigma Investments LP and Holocene Advisors LP were among the largest purchasers of Tesla IncGroup One Trading added a new position of slightly more than 1 million shares, giving it a market value of nearly $276 million as of Sept. 30. Two Sigma, meanwhile, added nearly 323,500 shares for a stake worth $14.7 million as of the end of September, while Holocene Advisors added nearly 319,000 shares for a stake worth about $84.6 million.
Tesla's shares have fallen significantly since the end of the quarter, dropping 16% compared to the 11.4% gain in the benchmark S&P 500 index. Hedge funds and other large institutional investors are required to file quarterly reports, known as 13-fs, that offer a snapshot of their portfolio at the end of the quarter. While backward looking, these filings are one of the few ways that funds reveal their holdings.
The Maryland State Retirement and Pension System and Abbot Financial Management Inc were among the few large investors who shed their full stake in Tesla during the quarter, filings show.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EVgo Offers New Autocharge+ 'Tesla Plus Promo' For Tesla DriversEVgo has announced that Autocharge+ will be available to Tesla drivers equipped with the CCS Combo 1 Adapter at nearly all EVgo DC fast
Read more »
Tesla stock buyback: Elon Musk says it is 'up to the Tesla board'Responding to a sharholder's tweet urging a buyback, Musk said, 'This is up to the Tesla board.'
Read more »
Tesla To Assist Chinese Authorities After 'Uncontrollable' Model Y Speeds Through Streets Killing Two | CarscoopsTesla To Assist Chinese Authorities After 'Uncontrollable' Model Y Speeds Through Streets Killing Two | Carscoops carscoops
Read more »
A Tesla Model Y reportedly went out of control, got involved in a deadly accidentA Tesla Model Y accident killed two and injured three, including the driver, in China.
Read more »
Two-alarm fire at Aurora apartment complex injures two residents, five families are displacedTwo people were taken to a local hospital and five families have been displaced by a two-alarm fire at an Aurora apartment complex.
Read more »
Man arrested after biting Tukwila officerA man was arrested after attacking two citizens and two police officers in Tukwila.
Read more »