Barclays raised its position in Tesla by 40% during the first quarter, according to its latest 13F filing with the SEC.
The bank acquired 5.3 million shares in the company between January and March closing the first quarter with 18,535,923 shares — a new record high since it opened a position in Tesla back in 2013.
As of the time of writing, the shares were valued at nearly $6.49 billion.
Since then, the steepest increases of Barclays’ holdings in Tesla were recorded both amid the stock splits the company executed over the last few years. The number of shares quintupled in the third quarter of 2020 when Tesla did a 5:1 split and tripled in the third quarter of 2022 amid the 3:1 split.
Barclays owned 1,472,064 Lucid Motors shares as the quarter ended, a 5% increase from the previous quarter. Its position in Rivian was cut by 995,952 shares between January and March, bringing the total to 1,757,208.
Regarding Chinese automakers, Barclays trimmed its stake in Nio by 20% to 404,852 shares in the first three months of 2025, and in XPeng, where it reduced 15% of the stake to 176,977 shares.
Barclays opened a position in Zeekr with around 7,400 shares when the company went public. After a peak with an increase to 9,000 shares — the highest it had reached until then — it returned to 7,000.
According to Nasdaq and as of Monday, Tesla is owned by over 4,000 institutional shareholders who collectively hold nearly 1.57 billion shares.
Vanguard is the largest institution with about 246.89 million shares, followed by BlackRock with 205.67 million. The world’s largest asset manager has been increasing its stake for 23 consecutive quarters. State Street Corp is the third largest, with 113.73 million.
Last week, JP Morgan Chase also disclosed in its quarterly report that its stake in Tesla went up by 9.5% — or 3.43 million shares. The asset manager held 39,415,548 shares in the U.S. EV maker by the end of March, a position worth $13.70 billion.
Nuveen, which manages $1.3 trillion in assets, opened a position in the company with over 12.53 million shares in the first quarter, jumping to its top 30 largest institutional investors.
On the other hand, Norges Bank, which held 35 million shares, exited its position in the EV maker — and all others — during the quarter.
Moody’s downgraded the U.S. credit rating from ‘Aaa’ to ‘Aa1’ after markets closed on Friday, causing auto stocks to slide. As of the time of writing, Tesla is trading 3% lower at $339.
The stock surged 49.10% in the past 30 days. Over the last twelve months, it nearly doubled.
