Image from MarketBeat Media, LLC. Employees Retirement System of Texas trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 410,356 shares of the electric vehicle producer's stock after selling 11,000 shares during the period. Tesla accounts for about 1.1% of Employees Retirement System of Texas' holdings, making the stock its 16th largest holding. Employees Retirement System of Texas' holdings in Tesla were worth $130,354,000 as of its most recent SEC filing. Get Tesla alerts: Tesla Just Got Called a “Must Own” Stock—Here’s Why A number of other hedge funds have also made changes to their positions in TSLA. 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 in the last quarter. LGT Financial Advisors LLC acquired a new position in shares of Tesla in the 2nd quarter valued at $29,000. Evergreen Private Wealth LLC grew its position in shares of Tesla by 270.0% in the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer's stock valued at $35,000 after buying an additional 81 shares during the last quarter. Glynn Capital Management LLC acquired a new stake in Tesla during the 2nd quarter worth $35,000. Finally, LSV Asset Management lifted its position in Tesla by 400.0% in the second quarter. LSV Asset Management now owns 120 shares of the electric vehicle producer's stock valued at $38,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock. Insider Activity at Tesla In other news, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the sale, the director directly owned 637,031 shares of the company's stock, valued at $269,260,263.08. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the sale, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 82,606 shares of company stock worth $33,554,102 over the last 90 days. Company insiders own 19.90% of the company's stock. Tesla Stock Performance