It’s no secret that Rivian (NASDAQ:RIVN) is a big name right now in the electric vehicle (EV) space. The EV manufacturer has been making headlines since its initial public offering (IPO), causing retail investors and institutional investors alike to dive head-first into RIVN stock.
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Now, with the latest 13F deadline behind us, retail investors can take a glimpse into the portfolios of institutional investors as of Dec. 31 to see just how much they’ve been loving RIVN. The 13F is a form filed quarterly to the U.S. Securities and Exchange Commission (SEC) that is required for all institutional investors with at least $100 million in assets under management. In addition, the form discloses the U.S. public equity holdings of each fund and provides transparency to retail investors.
During Q4, Rivian was a hot commodity among several top performing institutional investors. Therefore, retail investors may be interested in who exactly is betting bit on the electric vehicle (EV) player. Let’s take a look at who bought into RIVN stock in Q4.
Which Institutional Investors Bought RIVN Stock During Q4?
Since Rivian had its IPO last November, no funds have sold RIVN stock. Investors will have to wait until the next quarterly 13F deadline on May 16 to see the trades of institutional investors as of March 31.
It should also be noted that any institutional investor who bought during Q4 is likely sitting on a loss. Compared to Dec. 31’s closing price of $103.69, Rivian is now trading near $66, representing a 36% loss. For example, George Soros bought roughly $2 billion worth of Rivian during Q4. As of last Friday’s close, that investment has almost been cut in half to $1.17 billion.
On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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