Barclays filed its portfolio update with the Securities and Exchange Commission on Wednesday, disclosing that it had slashed its holdings in Tesla by 20.4% during the third quarter.
By the end of September, the British universal bank held 16.3 million shares in Tesla, which was 4 million fewer than in the previous quarter, when it had reached its highest stake in the company.
The position was valued at over $7.25 billion.
Since September 30, Tesla‘s share price has slightly dropped by 3.2%, considering Wednesday’s close at $430.60, which led the stake’s value to decrease by around $230 million.
Barclays Position
Barclays has held a position in Tesla since the second quarter of 2013 — three years after the company’s IPO.
By then, the bank purchased 110,548 shares worth nearly $12 million.
For the first seven years, Barclays’ holdings in Tesla remained under 1 million shares.
In the third quarter of 2020, the company acquired 1.6 million shares, increasing its total stake to 2 million shares, worth $874 million at the time.
In August 2022, a 3-for-1 stock split tripled its holdings from roughly 2 million to 6 million shares.
By the first quarter of 2024, Barclays’ stake had grown past 10 million shares, and by the end of the second quarter of 2025, it had doubled to 20 million shares — worth $6.5 billion then.
Q3 Portfolio
By the end of the third quarter, Barclays held positions in 4,550 companies, with a total portfolio value exceeding $273 billion.
Its largest holdings were in chip-maker Nvidia, with over 87 million shares worth $16 billion, and tech giant Apple, with 41.8 million shares worth $11 billion.
The British bank’s stake in Rivian was slightly trimmed by 34,000 shares to around 2.6 million shares, worth $31 million then. It also held nearly 993 million Lucid shares, worth $23.6 billion.
Tesla ranked 13th among its holdings. Among the company’s institutional investors, however, Barclays ranked 18th.
Not all institutions have filed their quarterly portfolios with the SEC yet.
Tesla Institutional Ownership
Tesla‘s institutionally held shares have jumped in the third quarter of 2022, following the 1-for-3 stock split.
Since then, they have fluctuated around the same value of 1.6 billion shares.
Nasdaq data showed that, as of Thursday, over 4,100 institutions collectively hold 1.59 billion Tesla shares.
Its largest investor is Vanguard, with over 252 million shares reported as of September 30. The stake is worth $108 billion.
It is followed by BlackRock, which owns nearly 207 million shares, valued at $89 billion.
Both large fund managers have slightly increased their holdings in the company by nearly 0.4% during the latest quarter.
