Forty-four of the 78 top-200 alpha managers holding $TSLA as of Q1 2026 initiated their positions this quarter, against 6 trims, 1 add, and 2 exits. Banque Pictet & Cie SA opened at 39.8% portfolio weight; Tsai Capital Corp initiated at 19.54%.
Among continuing holders, the cuts were material. Caitong International Asset Management reduced from 8.76% to 1.10% (-7.66pp). Hel Ved Capital Management Ltd fell from 8.09% to 0.98% (-7.12pp). Capital Markets Trading UK LLP trimmed from 5.21% to 1.49% (-3.72pp). On the other side, Citigroup Inc. added from 0.21% to 2.42% (+2.22pp) — the sole meaningful increase among prior holders.
Coatue Management LLC exited entirely, moving from 1.85% to a reported 0.08% (effectively closed); Greenwich Wealth Management LLC reduced from 1.04% to 0.03%, also classified as exited. The cohort's average position weight across all 78 holders stands at 1.5%, with a range of 0.00% to 39.8% — a distribution skewed heavily by the two largest initiators.
The 44 new initiations are distributed across a wide weight band: most sit below 0.50%, with only a handful above 1.00%. That is a structural observation about the shape of this quarter's cohort expansion, not a characterisation of individual intent.