Meiji Yasuda Asset Management Co Ltd. Reduces Stake in Tesla, Inc. $TSLA
- by lulegacy
- Mar 08, 2026
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Key Points
Meiji Yasuda Asset Management trimmed its Tesla stake by 4.9% in Q3, selling 2,530 shares to hold 49,308 shares worth about $21.93 million, representing roughly 1.0% of its portfolio and Tesla as its 13th largest position.
Significant insider and institutional activity: company insiders sold 145,188 shares (~$64.2M) in the past 90 days (including large sales by Kathleen Wilson‑Thompson and Kimbal Musk), while institutional ownership stands at 66.2% with major moves such as Norges Bank establishing a roughly $11.84 billion position.
Mixed fundamentals and sentiment: analysts have a consensus "Hold" target of $406.84, Tesla beat Q4 EPS estimates ($0.50 vs. $0.45) but revenue fell 3.1% y/y, and the stock opened at $396.73 (down 2.2%) with a high PE of 367.34. Gold and Silver Rebound, But This Metal Is Outperforming Both
Several other institutional investors have also modified their holdings of the stock. Narwhal Capital Management raised its holdings in shares of Tesla by 32.8% in the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer's stock worth $4,232,000 after buying an additional 2,350 shares during the period. Norges Bank purchased a new position in Tesla during the 2nd quarter valued at $11,839,824,000. Police & Firemen s Retirement System of New Jersey grew its position in Tesla by 5.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer's stock valued at $135,688,000 after acquiring an additional 22,607 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its position in Tesla by 8.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock valued at $21,571,000 after acquiring an additional 3,935 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its stake in Tesla by 26.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock worth $8,019,000 after purchasing an additional 3,724 shares during the period. 66.20% of the stock is owned by institutional investors.
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