Andreas Halvorsen's Viking Global significantly cut its stake in Tesla (TSLA) by 78% during the second quarter of 2026, according to a recent SEC filing. The firm's holdings were reduced from 2.49 million shares to approximately 547,820, decreasing the position's reported value from over $926 million to $230 million.
As a delayed quarterly disclosure, this 13F filing reflects the firm's portfolio as of June 30, 2026, not a current trading position. During the same period that Viking reduced its Tesla holdings, it also initiated a new position in Ferrari worth over $816 million and increased its investment in Carvana, indicating a broader reallocation within the automotive sector. While no official reason was provided for the change, the second quarter saw Tesla announce a 25% jump in vehicle deliveries but also face scrutiny over declining operating profit.