Two Sigma, Holocene Added Tesla Shares Before Fourth-Quarter Tumble

Reuters2022-11-15

(Reuters) - 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.

Group 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.

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Comments

  • DiAngel
    2022-11-15
    DiAngel
    Hedge funds would have calculated their risk when they invested a huge amount on $Tesla Motors(TSLA)$. They dont based their P&L purely on a single stock but a basket of them. No investors arealways spot on on their investment.  A good example will be Cathie Wood - she is the darling in 2021. But this year, she is always wrong in her investment. Maybe she crashes with Taisui this year. 🙏🙏🙏😇😇😇. Hence whatever stocks she laid her hands on, i 🏃‍♀️🏃‍♀️🏃‍♀️🏃‍♀️🏃‍♀️🏃‍♀️far far away. I m very blessed that she didn't or yet to lay her hands on those stocks that I owned. Maybe not her cup of tea. 🍵.  For those who have been following me or my post, they would have noticed I don't own any FAANG - except the free $Apple(AAPL)$&n
  • Thonyaunn
    2022-11-15
    Thonyaunn
    Gd
  • leeinvest
    2022-11-15
    leeinvest
    ...
  • runningjames
    2022-11-15
    runningjames
    Indeed, attractive price below 190 marks but still need to monitor will it break 176 marks in coming days....
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