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Insights on Tesla’s 13F Filings: What Fund Managers Are Thinking
At Holdings Channel, we delved into the latest 13F filings for the reporting period ending 09/30/2024 and found that Tesla Inc (Symbol: TSLA) was held by 84 funds. When multiple hedge fund managers share similar views, it warrants a closer examination.
The Limitations of 13F Filings
It is crucial to understand that 13F filings may not present the complete picture. These filings only require funds to disclose their long positions with the SEC, leaving out their short positions. For instance, a fund that shorts a stock while also holding a long position might appear bullish based on their 13F data, though they could actually hold a bearish outlook overall. This nuance highlights that 13F filings represent only part of a fund’s strategy.
Trends in TSLA Holdings
Examining groups of 13F filings can offer valuable insights, especially when assessing changes over different reporting periods. Below is a summary of the changes in TSLA positions among the latest filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000’s) |
|---|---|---|---|
| Swedbank AB | Existing | +29,669 | +$75,914 |
| Alpha Omega Group Inc. | NEW | +936 | +$245 |
| AlphaStar Capital Management LLC | Existing | +3,072 | +$1,484 |
| Analyst IMS Investment Management Services Ltd. | Existing | +1,821 | +$614 |
| Ariadne Wealth Management LP | Existing | +519 | +$205 |
| Bank of New York Mellon Corp | Existing | –526,241 | +$991,993 |
| CBIZ Investment Advisory Services LLC | Existing | UNCH | +$23 |
| CFO4Life Group LLC | Existing | –63 | +$250 |
| CI Investments Inc. | Existing | +96,091 | +$26,911 |
| Certus Wealth Management LLC | Existing | UNCH | +$146 |
| Clear Point Advisors Inc. | Existing | +31 | +$82 |
| Clearwater Capital Advisors LLC | Existing | +452 | +$342 |
| Collaborative Wealth Management Inc. | Existing | –28 | +$161 |
| Columbia Asset Management | Existing | –1,055 | –$51 |
| Dymon Asia Capital Singapore PTE. LTD. | Existing | –10,708 | –$1,532 |
| EFG Asset Management North America Corp. | Existing | –728 | +$934 |
| Franklin Resources Inc. | Existing | +300,951 | +$311,886 |
| Financial Engines Advisors L.L.C. | Existing | +615 | +$1,891 |
| Guardian Capital Advisors LP | Existing | –195 | +$47 |
| Glenview Trust Co. | Existing | –1,474 | –$92 |
| Ilmarinen Mutual Pension Insurance Co. | Existing | +10,000 | +$21,741 |
| J. Safra Sarasin Holding AG | Existing | +27,906 | +$8,371 |
| JSF Financial LLC | Existing | UNCH | +$121 |
| Jupiter Asset Management Ltd. | Existing | +30,469 | +$11,119 |
| Mitsubishi UFJ Trust & Banking Corp | Existing | –39,711 | +$94,544 |
| Mosley Wealth Management | NEW | +1,330 | +$348 |
| National Bank of Canada FI | Existing | +68,527 | +$290,279 |
| Northwestern Mutual Wealth Management Co. | Existing | +9,491 | +$18,375 |
| Newbridge Financial Services Group Inc. | Existing | –4,786 | +$607 |
| Ninety One SA PTY Ltd. | NEW | +13,680 | +$3,573 |
| Ninety One UK Ltd. | NEW | +1,241,135 | +$324,718 |
| O’Neil Global Advisors Inc. | Existing | +200,866 | +$59,147 |
| Provident Co of the Employees of the Hebrew University LTD | Existing | UNCH | +$575 |
| Quilter Plc | Existing | –2,830 | +$2,310 |
| Retirement Capital Strategies | Existing | –285 |
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Financial Insights: Analyzing Recent Trends Among Investment Firms
| Firm Name | Status | Change in Clients | Change in Assets |
| Ranch Capital Advisors Inc. | Existing | –517 | +$491 |
| Revisor Wealth Management LLC | Existing | +474 | +$263 |
| Schnieders Capital Management LLC | Existing | +275 | +$326 |
| Seven Eight Capital LP | Existing | –6,697 | –$1,211 |
| SP Asset Management LLC | Existing | +215 | +$504 |
| Shengqi Capital Hong Kong Ltd | NEW | +208,000 | +$54,419 |
| Shilanski & Associates Inc. | Existing | –149 | +$31 |
| Sound View Wealth Advisors Group LLC | Existing | +7,503 | +$4,258 |
| Team Hewins LLC | NEW | +21,088 | +$5,240 |
| Trivest Advisors Ltd | NEW | +180,000 | +$47,093 |
| United Capital Financial Advisors LLC | Existing | +5,145 | +$6,453 |
| Wulff Hansen & CO. | Existing | –180 | +$30 |
| Western Wealth Management LLC | Existing | +883 | +$3,781 |
| Westwood Wealth Management | NEW | +1,085 | +$284 |
| New Mexico Educational Retirement Board | Existing | –3,600 | +$7,938 |
| Fortem Financial Group LLC | Existing | +1,766 | +$1,820 |
| Russell Investments Group Ltd. | Existing | +284,614 | +$136,666 |
| Grantham Mayo Van Otterloo & Co. LLC | NEW | +5,704 | +$1,492 |
| Mizuho Bank Ltd. | Existing | UNCH | +$32 |
| Meiji Yasuda Asset Management Co Ltd. | Existing | +625 | +$5,618 |
| Hel Ved Capital Management Ltd | NEW | +29,400 | +$7,692 |
| Korea Investment CORP | Existing | +362,798 | +$211,414 |
| Strategy Capital LLC | Existing | +16,392 | +$13,759 |
| Panview Asian Equity Master Fund | NEW | –200 | –$76 |
| Rathbones Group PLC | Existing | –11,937 | +$4,316 |
| Pacific Global Investment Management Co. | NEW | +861 | +$225 |
| Leverage Partners Absolute Return Fund SPC | Existing | +15,095 | +$4,313 |
| Davis R M Inc. | Existing | –696 | +$251 |
| Prosperity Financial Group Inc. | Existing | –178 | +$227 |
| Independent Advisor Alliance | Existing | +4,596 | +$7,221 |
| Concentric Wealth Management LLC | Existing | –700 | +$182 |
| Harvest Fund Management Co. Ltd | Existing | +53,492 | +$20,940 |
| Monolith Management Ltd | NEW | +84,500 | +$22,108 |
| Prudential PLC | Existing | +32,399 | +$25,252 |
| Aviso Financial Inc. | Existing | –91 | –$8 |
| Treasure Coast Financial Planning | Existing | –4 | +$114 |
| Waters Parkerson & CO. LLC | Existing | –45 | +$301 |
| Hemington Wealth Management | Existing | –370 | +$72 |
| E Fund Management Co. Ltd. | Existing | +9,146 | +$5,057 |
| Belpointe Asset Management LLC | Existing | +4,722 | +$3,321 |
| Viawealth LLC | Existing | –1,032 | +$78 |
| Fortis Capital Advisors LLC | Existing | –4,758 | +$14 |
| Allianz Asset Management GmbH | Existing | +103,833 | +$116,591 |
| Westshore Wealth LLC | Existing | –184 | +$116 |
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Investor Insights: Hedge Funds’ Shifting Positions in Tesla Stocks
| Pinnacle Wealth Management LLC | Existing | –748 | +$437 |
| Twin Tree Management LP | Existing | +37,086 | –$13,513 |
| RNC Capital Management LLC | Existing | UNCH | +$256 |
| Owen LaRue LLC | Existing | –247 | +$114 |
| BOK Financial Private Wealth Inc. | Existing | UNCH | +$76 |
| Aggregate Change: | +2,888,821 | +$2,953,647 | |
From June 30 to September 30, 2024, 34 hedge funds reported increasing their shares in Tesla Inc (TSLA), while 30 funds reduced their holdings. Additionally, 13 funds established new positions. Notably, AJOVista LLC, Cooper Haims Advisors LLC, Camelot Portfolios LLC, New Age Alpha Advisors LLC, Silver Lake Advisory LLC, AXS Investments LLC, and S. R. Schill & Associates exited their TSLA positions by September 30, 2024.
Examining the broader picture, among all hedge funds that held TSLA as of September 30, 2024, we determined their total share count. We compared this number to June 30, 2024, to analyze how the overall share count of TSLA among these funds changed. Our findings revealed an increase of 9,747,053 shares, growing from 263,568,064 to 273,315,117 shares—an approximate 3.70% rise. The leading three hedge funds owning TSLA at this time were:
We will continue to track the latest 13F filings from hedge fund managers and provide insightful stories derived from the aggregate information across various fund groups. While individual 13F filings can sometimes be misleading, especially considering their long-only nature, aggregating data across groups can yield more informative insights. This analysis can highlight compelling investment opportunities worth exploring further, such as Tesla Inc (Symbol: TSLA).
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Also see:
• GDEV shares outstanding history
• Top Ten Hedge Funds Holding BIPC
• NQU Videos
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
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