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High-flying fund manager Baillie Gifford has significantly reduced its Tesla share holdings across at least 11 of its funds and investment trusts, including Scottish Mortgage.
The Edinburgh-based fund manager, which was Tesla s largest external investor with a 7.7 per cent stake as recently as last year, sold off shares during January, This is Money research into the latest factsheets for its 44-strong fund and trust range revealed.
Flagship Scottish Mortgage cut its Tesla holding from 8.4 per cent of the £19.4billion investment trust at the end of December to 5.1 per cent a month later.
This saw Tesla drop from the trust s biggest holding to its fourth biggest.
Scottish Mortgage and Baillie Gifford cash in on som Tesla shares thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
Further writedown deals another blow to former Woodford shareholders
2.5% NAV hit for Schroder UK Public Private Trust
SUPP s portfolio managers Tim Creed and Ben Wicks
Investors in the Schroder Pubic Private Trust (SUPP) are likely to suffer a further blow as the trust’s net asset value (NAV) is expected to take a 2.5% hit after a holding was taken over.
Ombu Group, a specialist investor in early and growth stage environmental technologies, was acquired by venture capital firm Hambro Perks, SUPP told shareholders on Monday (21 December). The sale was.
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