Bridgewater, Vikings, under the big hedge funds that have added to Tesla’s fourth-quarter rally

FILE PHOTO: a Tesla logo is seen on a ground-breaking ceremony of its Shanghai Gigafactory in Shanghai, China, January 7, 2019. (REUTERS photo/Aly Song, File/Photo

NEW YORK (Reuters) – Billionaire Ray Dalio’s Bridgewater Associates, Viking Global Investors, and Granite Point Capital, were among the prominent hedge funds and the placing of new bets on the electric car maker Tesla Inc. (TSLA.D) in the fourth quarter, the positioning of the near-100% rally over the first six weeks of the year.

The positions were revealed in a 13F filed with the U.s. Securities and Exchange Commission, to be released on Thursday and Friday, which is one of the few public roads in the keeping of some hedge fund managers have to sell it, and buy it. The reports are made up to 45 days after the end of each quarter, and may not reflect the current position.

If any of the hedge fund maintained its importance, and Bbc for the purchase of nearly 45,000 shares would be worth about $36 million, and the Viking’s purchase of the nearly 52,000 shares would be worth little more than $42 million. Granite Point, bought 3,000 shares in the fourth quarter, which would have a value of approximately $2.5 million.

Mutual fund giant T. Rowe Price, however, it was found that it had doubled its stake in the company in the fourth quarter, to 1.7 million shares.

The movement in the Tesla, as a high-tech manufacturer has remained among the most divisive stocks on Wall Street. Bullish investors see a company founder Elon Musk, as it is re-inventing the energy business, while the bears see as a profitable business, which is considerably more than that amount. Tesla’s shares were up a bit in the afternoon trade in New York on Friday of around $801.00.

Tesla was ahead of Apple Inc’s (AAPL.(O) to be the most shorted US company this year, with a short, investors are faced with mark-to-market losses of $8.3 billion, between the beginning of January and the first week of February, according to data firm S3 ners.

Reporting by David Randall; Editing by Tom Brown

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