Does he get paid by clicks for writing these articles? If yes than we shouldn’t give him any.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
willow_hiller
Well-Known Member
Interesting development from ir.tesla.com Evidently "Citadel Securities" has reported today an ownership of nearly 8 million shares: 0001104659-20-050982 | SC 13G | Tesla, Inc.
Found some commentary/analysis on /r/teslainvestorsclub: SEC Filing Form 13G : teslainvestorsclub
EDIT: Heck, the comment I linked to got deleted. The OP of that thread was basically just speculating that they're operating somewhat like Renaissance Capital. But they probably deleted the comment as it's come to light that they work as an options market maker.
Found some commentary/analysis on /r/teslainvestorsclub: SEC Filing Form 13G : teslainvestorsclub
EDIT: Heck, the comment I linked to got deleted. The OP of that thread was basically just speculating that they're operating somewhat like Renaissance Capital. But they probably deleted the comment as it's come to light that they work as an options market maker.
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woodisgood
Optimustic Pessimist
Yikes. I presume what they don’t have to disclose is their short position.
That they can dump 8M shares whenever it benefits them is obviously of concern. Just depends which side of the trade they are on at any given time.
Can someone remind what the volume was that caused the Feb 4 drop?
Krugerrand
Meow
I know that. You know, I know that. That’s not what the media reports. Though that wasn’t the point of me typing that.
But thanks for correcting the media for anyone here who still is under some illusion they report accurately.
willow_hiller
Well-Known Member
To be honest, I'm hoping someone more knowledgeable than me can answer that question. I don't know what kind of delay goes into these filings, or how transparent they need to be about holdings at any given moment. If they're holding nearly $5.6 billion worth of TSLA into earnings I would say that's super bullish.
According to Wikipedia, they're primarily a market maker involved in options: Citadel LLC - Wikipedia Maybe the shares are held as a hedge against some massive call open interest.
Krugerrand
Meow
Inherently I knew that. But you provided a link! I said; Self, why would @JRP3 provide a link to THAT site from THAT twerp UNLESS there’s something I should know? Self, you must click. He would not lead us astray.
Then I said; ****** ****** what the ****? You have been duped, but keep reading because there has to be something of value or @JRP3 would NOT have linked.
Then I said; (can’t even asterisk code it because it’s that bad; like words you’ve never even heard). But by this time I was so far down the rabbit hole there was only one way out - finish reading.
I’ve been traumatized.
I wouldn't read too much into this. Citadel Securities is the market-making business, not the hedge fund.
This ownership can be part of a myriad of delta-neutral, gamma-neutral market-making strategies.
Unlike the hedge fund, they don't actually do buy-side investments, so I suspect that this position was already hedged by some combination of derivatives trades, and possibly even some combination of the convertable bonds.
Now on the other hand, if Citadel LLC (the hedge-fund), acquired $5B of $TSLA, that'd be another story.
@StealthP3D
note:
MS seems to be retired at a young age, so he has a lot of free time on his hands
{{he probably needs the pennies from the clicks}}
{a cheery hug and a smooch to the lurkers & scrapers from seeking alfalfa}
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@KrugerrandInherently I knew that. But you provided a link! I said; Self, why would @JRP3 provide a link to THAT site from THAT twerp UNLESS there’s something I should know? Self, you must click. He would not lead us astray.
Then I said; ****** ****** what the ****? You have been duped, but keep reading because there has to be something of value or @JRP3 would NOT have linked.
Then I said; (can’t even asterisk code it because it’s that bad; like words you’ve never even heard). But by this time I was so far down the rabbit hole there was only one way out - finish reading.
I’ve been traumatized.
its easy to get rid of your SA fix.
just constantly contradict Monostat Styptic. tell him he's wrong, providing correct numbers
you get put on permanent double secret monitoring and can never again post there without getting posts "checked" and no longer even it seems to post in MS comments.
actually helpful "cold turkey" as SA is a waste of time
During after-hours trading TSLA succumbed to a $6 drop around 17:13 EDT. At the same time Barron’s published an article titled “Hedge Fund Disclosed Huge Stake in Tesla Stock.”. It was immediately repeated on my TD Ameritrade and Thinkorswim newsfeeds.
I wouldn’t be surprised if dumb traders or algobots took Disclosed to mean Disposed.
An hour earlier Tesla emailed to me the SEC filing of Citadel Securities' stake in the company. There really was no news that could justify sudden selling. I now see the share price recovering, as apparently cooler heads are taking advantage of the drop.
I wouldn’t be surprised if dumb traders or algobots took Disclosed to mean Disposed.
An hour earlier Tesla emailed to me the SEC filing of Citadel Securities' stake in the company. There really was no news that could justify sudden selling. I now see the share price recovering, as apparently cooler heads are taking advantage of the drop.
If you had to choose between having a beer with Montana Skeptic or Anton Wahlman,
How soon would you light yourself on fire?
I think Larry Fossi should be known as Montana Septic, since we know where most of his comments truly belong...
Cirrus MS100D
Member
There seems to be some discrepancy of whether or not this is "the fund" or "the market making" entity and I'm not familiar with Citadel to know the difference. Anybody on here know?
Here's the real 13G:
https://www.sec.gov/Archives/edgar/...0982/tm2016845d1_sc13g.htm?mod=article_inline
It notes:
- Citadel Securities LLC may be deemed to beneficially own 7,675,822 shares of common stock.
The number of shares that Citadel Securities LLC may be deemed to beneficially own constitutes approximately 4.2% of the common stock outstanding.
- Each of CALC IV LP and Citadel Securities GP LLC may be deemed to beneficially own 7,747,323 shares of common stock.
The number of shares that each of CALC IV LP and Citadel Securities GP LLC may be deemed to beneficially own constitutes approximately 4.2% of the common stock outstanding.
- Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own 116,736 shares of common stock.
The number of shares that each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own constitutes approximately 0.1% of the common stock outstanding.
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