"Nomura boosted its Tesla holdings by 4.2%, adding 47,674 shares and bringing its total position to more than 1.17 million shares valued at roughly $373.6 million. The move makes Tesla Nomura's 10th-largest holding at about 1% of its entire portfolio. Nomura's filing was released alongside several other fund updates. Brighton Jones LLC boosted its holdings by 11.8%, as noted in a MarketBeat report, and Revolve Wealth Partners lifted its TSLA position by 21.2%."
"The buying comes shortly after Tesla reported better-than-expected quarterly earnings, posting $0.50 per share compared with the $0.48 consensus. Revenue reached $28.10 billion, topping Wall Street's $24.98 billion estimate. Despite the earnings beat, Tesla continues to trade at a steep premium relative to peers, with a market cap hovering around $1.34 trillion and a price-to-earnings ratio near 270. Recent insider sales Some Tesla insiders have sold stock as of late."
Nomura Asset Management raised its Tesla position by 4.2%, adding 47,674 shares to exceed 1.17 million shares valued near $373.6 million, making Tesla its 10th-largest holding at roughly 1% of the portfolio. Multiple funds including Brighton Jones, Revolve Wealth Partners, Bison Wealth, AMG National Trust Bank, and FAS Wealth Partners also increased TSLA positions, leaving institutions owning about 66% of outstanding shares. Tesla reported $0.50 earnings per share on $28.10 billion in revenue, beating estimates, while trading at a market capitalization near $1.34 trillion and a P/E around 270. Recent insider sales totaled 202,606 shares worth about $75.6 million.
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