Image from MarketBeat Media, LLC. Key Points Panagora Asset Management boosted its Tesla stake by 10.1%, buying 74,976 shares to hold 818,670 shares worth $260,059,000, which is 1.2% of its portfolio and its 12th largest position. Several large institutions also increased or initiated positions (Vanguard, Geode, Norges Bank, Goldman Sachs), leaving institutional investors with 66.20% ownership of Tesla stock. Insider selling has been notable: directors and executives sold 82,606 shares worth $33,554,102 over the last 90 days (including James R. Murdoch's 60,000 shares and Xiaotong Zhu's 20,000), while insiders still own about 19.90% of the company. Tesla Just Got Called a “Must Own” Stock—Here’s Why Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer's stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares in the last quarter. Geode Capital Management LLC boosted its position in Tesla by 2.0% in the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer's stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares during the last quarter. Norges Bank purchased a new stake in shares of Tesla during the 2nd quarter valued at $11,839,824,000. Goldman Sachs Group Inc. raised its stake in shares of Tesla by 322.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after purchasing an additional 20,291,139 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Tesla by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer's stock worth $6,424,705,000 after buying an additional 1,134,678 shares during the last quarter. Institutional investors own 66.20% of the company's stock. Get Tesla alerts: