Valeo Financial Advisors LLC decreased its stake in Tesla, Inc. (NASDAQ: TSLA) by 4.6% during the third quarter, according to its latest SEC filing. The firm sold 3,013 shares, bringing its total holdings to 62,425 shares of the electric vehicle manufacturer.
This adjustment reflects a modest reduction in Valeo Financial Advisors’ investment in Tesla over the quarter.
**Why this matters**
Changes in institutional holdings can signal shifts in market sentiment or portfolio strategy. While a 4.6% reduction is relatively small, it may indicate Valeo Financial Advisors’ reassessment of Tesla’s stock outlook or a rebalancing of its investment portfolio.