NEW YORK, Nov 14 (Reuters) – Hedge funds Group One Buying and selling LP, Two Sigma Investments LP and Holocene Advisors LP had been among the many largest purchasers of Tesla Inc (TSLA.O) inventory in the course of the third quarter, filings launched Monday confirmed.
Group One Buying and selling added a brand new place of barely greater than 1 million shares, giving it a market worth of practically $276 million as of Sept. 30. Two Sigma, in the meantime, added practically 323,500 shares for a stake price $14.7 million as of the top of September, whereas Holocene Advisors added practically 319,000 shares for a stake price about $84.6 million.
Tesla’s shares have fallen considerably for the reason that finish of the quarter, dropping 16% in comparison with the 11.4% acquire within the benchmark S&P 500 index.
Hedge funds and different giant institutional buyers are required to file quarterly stories, often known as 13-fs, that provide a snapshot of their portfolio on the finish of the quarter. Whereas backward trying, these filings are one of many few ways in which funds reveal their holdings.
The Maryland State Retirement and Pension System and Abbot Monetary Administration Inc had been among the many few giant buyers who shed their full stake in Tesla in the course of the quarter, filings present.
Reporting by David Randall; Modifying by Stephen Coates
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