Key Points ARK Investment Management LLC reduced its stake in Tesla by 5.6%, selling 181,294 shares during the second quarter, bringing its total ownership to 3,077,464 shares. Several institutional investors have also increased their positions in Tesla, with Brighton Jones LLC raising its stake by 11.8% and Bison Wealth LLC by 52.2% in the fourth quarter. Tesla's recent earnings report showed a 12-month revenue decline of 11.8% year-over-year, with earnings per share missing estimates by $0.03. Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Brighton Jones LLC raised its stake in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after acquiring an additional 9,293 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after purchasing an additional 931 shares during the period. Bison Wealth LLC increased its stake in shares of Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after purchasing an additional 3,558 shares during the period. GAMMA Investing LLC increased its stake in shares of Tesla by 6.0% in the first quarter. GAMMA Investing LLC now owns 37,862 shares of the electric vehicle producer's stock valued at $9,812,000 after purchasing an additional 2,153 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Tesla in the first quarter valued at approximately $464,000. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: