Tesla Stock TSLA Favored by 11 Wall Street Hedge Funds

by Vincent Y May 19, 2020

Tesla Stock TSLA Favored by 11 Wall Street Hedge Funds

Base on the latest 13Fs, Tesla ( NASDAQ: TSLA ) Inc, the electric vehicle maker became very popular among hedge funds. For example, Citadel Advisors LLC has the biggest position out of the 11 hedge funds, total value of $6.3 billion which representing 8.4 percent of their total equity investments.  Optimus Prime Fund Management Co is now one of the largest concentrations in Tesla ( NASDAQ: TSLA ) equity with 30% of their company equity investment, holding value equal to $194 million.

As Bloomberg reported earlier:

"Those funds represent 4.9 percent of Tesla's outstanding shares. Hedge funds, as a group, own 6.5 percent, according to data in recent public filings compiled by Bloomberg."

H/T @davidtayar5 

Image credit: CNN Money





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