Billionaires and institutional investors have been making significant moves in Tesla, with some placing high-stakes bets on the company’s future. Despite retail investors debating the company’s prospects, the “smart money” has been quietly investing in Tesla.
Key Highlights
- Tesla’s stock has reached all-time highs, with some investors viewing the Q3 price action as a prime buying opportunity.
- The 13F filings for Q3 reveal a split among Wall Street’s elite, with some investors pouring hundreds of millions into Tesla and others selling their shares.
Tesla Q3 Bulls
The bullish charge was led by Cathie Wood of ARK Invest, who added a massive 512,158 shares to her portfolio. This move suggests that she viewed Q3 price action as a prime buying opportunity. Other notable investors, including Andreas Halvorsen of Viking Global Investors and Renaissance Technologies, also purchased significant numbers of Tesla shares.
Notable Investors
- Cathie Wood: Added 512,158 shares to her portfolio
- Andreas Halvorsen: Purchased 509,497 Tesla shares
- Renaissance Technologies: Added 424,490 shares
The mix of bullish investors represents several different investment philosophies, from aggressive growth to fundamental equity picking and complex algorithmic trading. This diverse group of investors signals broad institutional confidence in the stock.
Tesla Q3 Bears
However, not everyone was buying. Peter Thiel stands out as the primary bear in the dataset, offloading 207,613 shares. Other legendary investors, including Ray Dalio and George Soros, also reduced their exposure, selling 19,413 and 3,209 shares respectively.
Notable Sellers
- Peter Thiel: Sold 207,613 shares
- Ray Dalio: Sold 19,413 shares
- George Soros: Sold 3,209 shares
The Takeaway
In the high-stakes game of portfolio positioning, the “smart money” bullish vote for Tesla in Q3 was clear. While some investors led a retreat, the combined buying power of the top investors shows that top-tier institutional sentiment remained heavily skewed toward accumulating Tesla stock in the third quarter.
Current Price Action
Tesla shares are currently trading near their 52-week high, with a current price of $478.94. The stock has been up 0.76% at the time of publication.