Citadel's Ken Griffin reports Tesla stake
Tesla welcomes a big investor
Tesla CEO Elon Musk has a fan in another billionaire Citadel CEO Ken Griffin.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 342.03 | -3.97 | -1.15% |
Citadel, in an SEC filing late Friday, that it holds a 4.3 percent passive stake in the electric vehicle maker which amounts to 7,864,059 shares as of April 16. Citadel's hedge fund owns 116,736 shares of Tesla (0.1%) while market-making business Citadel Securities owns 7,747,323 shares (4.2%).
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Month-to-Date Tesla shares have gained 38.4 percent. By comparison, the S&P 500 has risen 9.8 percent and the Nasdaq 12 percent.
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The holding makes Citadel the fourth largest institutional shareholder behind The Vanguard Group, Capital Group Investors and Baillie Gifford & Co., as compiled by Thomson One Financial.
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Musk remains the largest individual shareholder with an 18.5 stake.
Tesla is set to report its first-quarter 2020 earnings next Wednesday, April 29. It looms as a potential eventful release for the carmaker.
TESLA ZOOMS TOWARDS 10-DAY WINNING STREAK
Earlier this month Tesla had its longest winning streak ever -- 10 straight days of gains -- where the stock price skyrocketed from around $454 to $754 during the period of April 2 to April 17.
For the year to date, Tesla stock is up more than 70 percent.
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*This story has been updated to clarify Citadel and Citadel Securities holdings.