Revere Asset Management Inc reduced its stake in Tesla by 9.5% in the fourth quarter, selling 2,851 shares and ending the quarter with 27,224 shares worth $12,243,000, making Tesla roughly 4.3% of its portfolio and its seventh-largest holding.
The fourth-quarter filings show a string of contrasting moves among investors: Mmbg Investment Advisors CO. boosted its position by 18.0%, owning 1,659 shares after purchasing 253 more; CBIZ Investment Advisory Services LLC increased its holding by 3.9% to 1,185 shares after buying 44; Blue Bell Private Wealth Management LLC lifted its stake by 26.7%, adding 524 shares to reach 2,486; and two smaller entrants — Seaview Investment Managers LLC and GatePass Capital LLC — opened new stakes, valued at $507,000 and $224,000 respectively. Institutional investors still own a commanding 66.20% of Tesla's stock.
The ownership moves come alongside a large insider sale: director Kathleen Wilson-Thompson sold 26,409 shares of Tesla on Thursday, April 30th at an average price of $378.11, generating $9,985,506.99. The sale reduced her position by 35.30%; she now holds 48,399 shares valued at $18,300,145.89 following the transaction.
Those shifts arrived with Tesla shares trading at $426.01 on Tuesday. The company carries a market capitalization of $1.60 trillion, a price-to-earnings ratio of 390.83 and a PEG of 16.82. The stock shows a beta of 1.79, a fifty-two week low of $273.21 and a high of $498.83. Balance-sheet metrics in the filings include a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.
Tesla reported quarterly results on Thursday, April 23rd that complicate the ownership picture: the company posted earnings per share of $0.41, beating analysts' consensus by $0.02, on revenue of $22.39 billion — shy of the $22.96 billion analysts had expected. Revenue grew 15.8% year over year and the quarter delivered a return on equity of 4.89% and a net margin of 3.95%. Analysts project Tesla will post $1.20 in earnings per share for the current year.
The tension is immediate and numeric: a board director cut her stake by more than a third on April 30th while a batch of asset managers either added to existing positions or opened new ones in the same quarter. Revere’s sale — a modest 2,851-share trim but a 9.5% reduction in its Tesla exposure — looks like portfolio rebalancing: Tesla remained a mid-sized holding for the firm, not a top-weighted bet.
When the filings and the price action are read together, the pattern points less to a consensus run for the exits and more to a rotation inside investor portfolios. Several advisers increased exposure at the same time a director monetized stock and one multi-manager cut back, leaving institutional ownership at two-thirds of the float and many large valuation and liquidity measures unchanged.
What happens next will show whether these moves were one-off reallocations or the start of a broader shift in positioning: more quarterly filings will reveal whether additions outnumber trims, and trading will respond to how investors reconcile Tesla’s revenue growth and modest earnings beat with a stretched P/E and high PEG. For now, the quarter’s headlines read as active rebalancing — not a uniform loss of confidence — with Kathleen Wilson-Thompson’s sale a prominent, but not definitive, signal of how holders are treating the stock.
