Written by Cláudio Afonso | LinkedIn | X
In its quarterly portfolio update, Mirae Asset Global disclosed that opened a position in the electric vehicle (EV) maker Lucid Motors adding 10,834,234 shares in the second quarter of the year.
Earlier this week, BlackRock, the world’s largest asset manager, updated its second-quarter holdings, revealing that it had added 4,392,441 shares of Lucid.
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According to Fintel, Lucid has a total of 701 institutional shareholders holding 1,660,097,236 shares, more than 71% of the outstanding shares.
Last week, Lucid disclosed that its largest shareholder, the Public Investment Fund (PIF) of Saudi Arabia will inject an additional $1.5 billion in cash. The investment follows a previous agreement in March, in which PIF committed to investing $1 billion.
The Saudi Fund holds 1,374,700,298 shares and owns more than 60% of the company.
As of the end of the second quarter, Mirae Asset Global Etfs Holdings Ltd. held a total of nearly 3,000 positions with Nvidia being the largest holding with 13,541,749 shares valued at 1.66 billion.
According to its website, the asset manager had $246 billion of assets under management as of the end of March. The 9th largest position is Tesla with 2,492,324 shares, valued at $533.7 million.
On Monday, Citi Group disclosed that trimmed its position by nearly 48% while increasing its stake in Tesla by over 22%.
Written by Cláudio Afonso | LinkedIn | X
