Factory Mutual Insurance Co. reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,400 shares of the electric vehicle producer’s stock after selling 20,400 shares during the period. Tesla accounts for approximately 1.1% of Factory Mutual Insurance Co.’s portfolio, making the stock its 24th biggest holding. Factory Mutual Insurance Co.’s holdings in Tesla were worth $76,167,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in Tesla during the third quarter valued at about $25,000. Halpern Financial Inc. raised its holdings in Tesla by 1,111.1% during the third quarter. Halpern Financial Inc. now owns 109…
