Barclays raised its XPeng holding to a record and its Nio holding to the most since 2022 in the third quarter and added Rivian and Ford stock, while cutting Tesla, Lucid, Li Auto and General Motors, whose holding fell to its lowest in at least seven years, according to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC).
The British bank’s ordinary Tesla holding fell 10% to its lowest since the end of 2023. The same filing also lists a separate block of 50 million Tesla shares worth $17.74 billion, classified as a “fund” holding and attributed to Barclays Bank Ireland, which would on its own rank among Tesla’s largest institutional positions.
Barclays filed the report on Friday, listing 10,915 entries worth $500.17 billion, down from 11,383 entries and $520.82 billion at the end of June.
The filing combines Barclays PLC with seven included managers: Barclays Bank PLC, Barclays Capital Inc., Barclays Capital Securities Ltd, Barclays Bank (Suisse) SA, Barclays Capital Luxembourg SaRL, Barclays Bank Ireland PLC and Barclays Investment Solutions Ltd.
Records and lows in this story are measured against Barclays’ 28 quarterly reports from December 2019 through September 2026, adjusted for stock splits and the bank’s 2026 restatements.
Tesla
Barclays held 10,375,149 Tesla common shares at September 30, down 1,146,787, or 10.0%, from 11,521,936 at the end of June and down 36.4% from 16,315,731 a year earlier. That equals about 0.26% of Tesla’s outstanding stock.
The position was worth $3.68 billion, down 24.0% from $4.85 billion in June and 49.3% from a record $7.26 billion in September 2025, as Tesla’s stock fell to $354.81 from $420.60.
That was Barclays’ smallest Tesla common holding since December 2023, when it reported 9,168,431 shares. It is down 49% from a peak of 20,506,163 shares in June 2025, which remains the largest in the 28 reports after adjusting for Tesla’s splits.
Barclays had cut its Tesla holding by 20.4% in the third quarter of 2025.
Barclays reported put options on 3,169,700 Tesla shares, up 14.4% from 2,771,900, and call options on 1,249,900 shares, up 20.6% from 1,036,800. The two lines were worth $1.12 billion and $443.5 million in underlying value.
$17.7 Billion
Separately, the filing lists 50,000,023 Tesla shares worth $17,740,508,161 under the class label “FUND”, attributed to Barclays Bank Ireland, plus a further 1,500 shares under the same label held through Barclays Bank PLC.
The line carries Tesla’s own CUSIP identifier and the same $354.81 per-share value as Barclays’ other Tesla lines. It is the fifth-largest line in Barclays’ entire filing, accounting for 3.5% of the report’s total value. Barclays Bank Ireland’s other 38 entries total about $515 million, and its 43 entries in the June report totaled $1.93 billion with no Tesla position.
Tesla shares held at September 30 equal about 1.26% of the 3,952,757,946 shares the company reported outstanding on October 15. Counted together with the common stock, Barclays’ Tesla equity would total 60,376,672 shares, or 1.53%, almost three times its June 2025 record.
GM
Barclays more than halved its General Motors holding, cutting it by 1,110,143 shares, or 51.1%, to 1,063,117, worth $81.9 million. That was the fewest in any of the 28 reports back to December 2019, and the lowest value since June 2022. The holding was 50.2% smaller than a year earlier.
It equals about 0.13% of the 843,549,423 GM shares outstanding on October 9. GM has been retiring stock under its buyback programs.
It also opened small GM option positions, with calls on 8,800 underlying shares and puts on 6,000.
Ford moved the other way after a low. Barclays raised its Ford holding by 2,094,888 shares, or 37.1%, to 7,736,525, worth $93.3 million, from 5,641,637 in June, which had been its smallest in the 28 reports. The holding was still 28.8% smaller than a year earlier. The peak was 25,585,186 shares in December 2023.
Its Ford put options fell 44.6% to 993,300 underlying shares, while calls rose to 135,900 from 48,000.
Rivian
Barclays raised its Rivian holding by 547,248 Class A shares, or 30.4%, to 2,349,378, worth $35.1 million. That was its largest Rivian common position since December 2024, when it reported 2,753,160 shares. The peak in the series, which starts in March 2022, was 4,251,111 in September 2024.
Its Rivian call options fell 65.8% to 1,190,800 underlying shares from 3,485,000, while puts rose 15.6% to 1,040,000 from 900,000.
Barclays also reported $803,000 in principal of one series of Rivian notes, up from $763,000, and exited an $84,000 position in a second series.
Lucid
Barclays cut its Lucid holding by 206,616 shares, or 15.7%, to 1,108,547, worth $4.5 million. Its call options fell to 100,000 underlying shares from 235,000.
The June figure of 1,315,163 shares was Barclays’ largest in its Lucid series, which starts in March 2022, after adjusting for Lucid’s 1-for-10 reverse stock split, which took effect in August 2025.
Reports through June 2025 list Lucid under its pre-split identifier and must be divided by 10. On that basis, Barclays held 363,107 shares in June 2025 and between about 40,000 and 257,000 in earlier quarters, before rising to 992,998 in September 2025.
XPeng and Nio
Barclays raised its Nio holding by 1,934,891 American depositary shares (ADSs), or 76.1%, to 4,476,270, worth $15.4 million as the ADSs fell to $3.43 from $5.06. That was its largest Nio position since December 2022, when it reported 6,447,104 ADSs, the peak in the 28 reports.
Its Nio options were unchanged, with calls on 491,800 underlying ADSs and puts on 300,000.
Barclays’ XPeng holding rose 10.6% to 1,618,416 ADSs, the most in any quarter since XPeng first appeared in Barclays’ reports in March 2022, above the previous high of 1,300,509 in September 2022. The position was worth $15.5 million as XPeng’s ADSs fell to $9.56 from $13.24. Its XPeng calls on 420,000 ADSs and puts on 150,000 were unchanged.
Li Auto went the other way. Barclays cut its holding by 93,327 ADSs, or 30.7%, to 210,453, worth $2.4 million, the lowest value in its Li Auto series.
European Carmakers and Others
Barclays raised its Stellantis holding by 18.4% to 32,416,372 shares, the most since December 2025. The position’s value fell 10.0% to $141.3 million as Stellantis’ stock dropped to $4.36 from $5.74.
It increased its Ferrari holding by 29.5% to 718,506 shares, the most since December 2024. The position was worth $282.3 million, its highest value since June 2025.
Among other automakers, Barclays’ Toyota ADSs fell to 5,294 from 8,274 and its Honda ADSs rose to 23,690 from 969. Its Niu Technologies holding was unchanged at 33,245 ADSs, and it held 520 Polestar warrants.
Tesla share counts before September 2022 in this story are adjusted for its 5-for-1 split, with split-adjusted trading from August 31, 2020, and its 3-for-1 split, with split-adjusted trading from August 25, 2022.
The comparisons also rely on restated versions of Barclays’ earlier reports. Between February 27 and March 31, 2026, Barclays amended its reports for every quarter from December 2022 through June 2025.
Analyst Calls
Barclays analyst Dan Levy upgraded Tesla to ‘Overweight’ from ‘Equal Weight’ on October 26, after the quarter ended, and raised his price target to $450 from $370, according to the note archived by Price Target, EV‘s sister publication that archives Wall Street analyst research on the EV, AI and semiconductor industries.
Levy had cut his General Motors price target to $105 from $110 on October 21 while keeping an ‘Overweight’ rating. Banks keep research separate from trading and holdings.
Other managers’ third-quarter filings show different moves. Citigroup added Lucid, Rivian, Nio and Tesla while cutting XPeng and Li Auto.
