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Today (11 Jan 2016) SC 13G/A filing?

Discussion in 'TSLA Investor Discussions' started by smac, Jan 11, 2016.

  1. smac

    smac Active Member

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    Basically stating Abigail Johnson (and family) effectively has more than 5% holding....

    Is this an additional purchase, or is it a long standing holding that has tipped into notification requirements through restructuring or as part of due diligence during audiit prep for the 10K?
     
  2. uselesslogin

    uselesslogin Enthusiast

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    Well they have 49% of Fidelity but Fidelity owns the shares and it is an increase from last year - go look at the February 2015 filing.
     
  3. farzyness

    farzyness Food lover. Entrepreneur. Did I say food lover?

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    Could someone ELI5? Does this impact anyone's trading strategy at all?
     
  4. Quant

    Quant Member

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    She's the new CEO of Fidelity ( daughter of founder ) and the family owns the majority of Fidelity Imvestments.
     
  5. LetsGoFast

    LetsGoFast Active Member

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    Its unclear. A different Fidelity entity was reported in Feb 2015 to own 564k shares (7.4% of Tesla) through a Fidelity family holding company. The current report is for 790k shares (10.1% of Tesla). I don't know if the 2015 holdings are still current. The 2016 report is a trust company that is likely holding assets for other institutional investors. Pyramus holds over $200 billion in assets, so you'll see them as significant stakeholders in pretty much every company on the planet. I don't think it is a big indicator of anything other than significant institutional holdings of TSLA stock. It doesn't represent nearly a large enough percentage of Pyramus assets to require reporting on their end.

    I don't think you can assume the 2015 holding is related to the 2016 report, although it is certainly possible that the asset was transferred from one Fidelity holding corp to another.
     
  6. uselesslogin

    uselesslogin Enthusiast

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    I'm pretty sure the "name of person filing" is all that matters and also this one is amendment number 6 and the February 2015 one is amendment number 5. So unless you can find a different amendment number 5 I think we can assume these 2 are related and Fidelity does not own 18% of Tesla. (If that is what you were implying from the difference in companies in exhibit a which I'm still confused from because amendment #6 refers back to the Pyramis name.)

    Fidelity funds currently own 11% of Tesla and last February they owned 7%. Here is their original SC13 (aka amendement 0)
    Tesla Motors - Statement of Beneficial Ownership
    They originally owned 15%.
     
  7. LetsGoFast

    LetsGoFast Active Member

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    I see now, thanks! I've never noticed one where the entity named changed back and forth like that before.
     
  8. vgrinshpun

    vgrinshpun Active Member

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    These SEC forms are required to be filed quarterly, within 45 days of the end of a quarter. The letter designation signifies whether ownership by institution less than 5%, 5-20% or more. Nasdaq maintains complete information on institutional ownership for Nasdaq traded companies (based on form 13 filings), including TSLA. Fidelity has been the largest institutional holder of TSLA for many quarters.
     
  9. Quant

    Quant Member

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    Happens all the time!

    THERE IS NOTHING UNUSUAL THERE !

    This is just elementary Investing 101 knowledge. Waste of time !!!
     
  10. smac

    smac Active Member

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    I'm not even at 99 :) so appreciate the insight from those more knowledgeable than me.

    (Every day should be a school day!)
     

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