Key Points The **Virginia Retirement Systems** has acquired a new stake in **Tesla, Inc.**, purchasing approximately **377,531 shares** valued at **$119.93 million**, making it the firm’s **17th largest holding**. Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? Several other institutional investors and hedge funds also recently modified their holdings of TSLA. First PREMIER Bank lifted its holdings in Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after buying an additional 42 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Tesla in the first quarter worth about $27,000. Chelsea Counsel Co. boosted its holdings in Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 40 shares during the last quarter. Centennial Bank AR grew its stake in Tesla by 833.3% during the 1st quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Finally, Compass Wealth Management LLC increased its holdings in Tesla by 360.0% during the 1st quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer's stock worth $30,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock. Get Tesla alerts: