# Institutional Investors Disenchantment with Investment

**URL:** <https://discussion.fool.com/t/institutional-investors-disenchantment-with-investment/105821>\
**Category:** Macro Economic Trends and Risks\
**Created:** [June 4, 2024, 7:55pm UTC](https://discussion.fool.com/t/institutional-investors-disenchantment-with-investment/105821 "2024-06-04T19:55:17Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![tjscott0](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/tjscott0/32/1083_2.png) [@tjscott0](https://discussion.fool.com/u/tjscott0)\
**Post date:** [June 4, 2024, 7:55pm UTC](https://discussion.fool.com/t/institutional-investors-disenchantment-with-investment/105821/1 "2024-06-04T19:55:17Z")

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> **[These early Tesla bulls are giving up on the stock](https://finance.yahoo.com/news/early-tesla-bulls-giving-stock-151426670.html)**
>
> Some of Tesla's institutional shareholders are getting out, convinced that the electric carmaker's days of dizzying growth are in the rear-view mirror. The company's shares are down nearly 30% this year and have fallen by more than 50% since their...

Of the 18 mutual funds tracked by Morningstar that have held Tesla shares since 2019, 10 reduced their positions in the last quarter, with four slashing the_ir stakes by 15% or more, Morningstar data showed. Only five added shares._

_That doesn’t mean Wall Street has written off the stock. Nineteen analysts tracked by LSEG now have either a “buy” or “strong buy” rating on Tesla, up from 17 in February._

_Others see it differently. Ross Gerber, whose Los Angeles-based firm, Gerber Kawasaki Wealth & Investment Management, bought 500,000 shares more than a decade ago, has been selling steadily this year._

_“'I think the story is over, is the best way to say it,” said Gerber, who has whittled his position down to around 300,000 shares._

_Gerber’s complaints range from Tesla’s public relations department, which he believes receives insufficient funding, to what Gerber calls Musk’s distractions by political and cultural issues._

_Among the most fervent bulls is Ark Invest founder Cathie Wood, who has held Taesl in her ARK Innovation Fund since 2014 and increased her stake in the company by 10% over the first quarter, according to Morningstar data._

Perhaps it isn’t disenchantment but a decision that some of that Tesla money would be deployed elsewhere more profitably.

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**Author:** ![intercst](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/intercst/32/1543_2.png) [@intercst](https://discussion.fool.com/u/intercst)\
**Post date:** [June 4, 2024, 8:21pm UTC](https://discussion.fool.com/t/institutional-investors-disenchantment-with-investment/105821/2 "2024-06-04T20:21:31Z")

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> [@tjscott0](#):
>
> That doesn’t mean Wall Street has written off the stock. Nineteen analysts tracked by LSEG now have either a “buy” or “strong buy” rating on Tesla, up from 17 in February.

Don’t Wall Strret firms typically maintain their “BUY” rating on a stock until they’ve liquidated their postion?

intercst