Strait & Sound Wealth Management LLC Has $2.84 Million Stock Holdings in Tesla, Inc. $TSLA
- by lulegacy
- Jan 03, 2026
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Key Points
Strait & Sound trimmed its Tesla stake by 31.7% in Q3, selling 2,962 shares and now holding 6,381 shares worth about $2.84 million, roughly 1.1% of the firm's assets and its 20th largest position.
High institutional ownership: roughly 66.2% of Tesla is held by institutions, led by large stakes from Vanguard (≈251.4M shares, ~$79.9B) and other major holders like Geode and Norges Bank.
Mixed outlook and near‑term headwinds: analysts' consensus is a "Hold" with a $414.36 target, while Tesla reported Q4 deliveries down ~16% YoY, faced competitive pressure as BYD overtook it in BEV sales, and insiders (including the CFO and Kimbal Musk) sold shares recently. MarketBeat Week in Review – 12/29 - 01/02
A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. Vanguard Group Inc. boosted its holdings in Tesla by 1.8% during 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 during the period. Geode Capital Management LLC lifted its position in shares of Tesla by 2.0% during the 2nd 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 bought a new stake in Tesla during the 2nd quarter valued at approximately $11,839,824,000. Legal & General Group Plc grew its holdings in 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 valued at $6,424,705,000 after buying an additional 1,134,678 shares during the last quarter. Finally, Amundi increased its position in Tesla by 20.4% in the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer's stock worth $6,374,284,000 after buying an additional 3,422,270 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.
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