According to a recent SEC filing, Carr Financial Group Corp reduced its position in Tesla (TSLA, Financial) by 37.5% in Q3, selling 1,642 shares to retain 2,738 shares, valued at $716,000. This divestment shows a significant reduction in Tesla's holdings despite a broader increase in institutional participation in Tesla's shares.
Meanwhile, three other institutional investors moved in the opposite direction. Vanguard Group Inc. increased its holding in the electric vehicle maker by 1.7% in the first quarter, bringing its total to 233.6 million shares, valued at $41.06 billion. The purchase of an additional 3.8 million shares last quarter reflects Vanguard's long-term investment strategy in the company.
International Assets Investment Management LLC recorded one of the largest single-quarter percentage increases, raising its Tesla stake by 35,611.2% in Q3. The firm now holds 11.05 million shares, with a market value of approximately $2.89 billion. Similarly, Strategic Financial Concepts LLC increased its Tesla holdings by 21,816% in Q2, accumulating 5.9 million shares valued at $1.17 billion.
Additionally, ARK Investment Management LLC boosted its Tesla shares by 2.6% in Q2, bringing its total to 5.31 million shares, valued at $1.05 billion, while National Pension Service raised its stake by 15.3% in Q3, now owning 5.18 million shares worth $1.36 billion.
Currently, institutional investors own around 66.2% of Tesla's stock, demonstrating continued confidence in the company despite varying shareholder positions.
