Key Points Envestnet Portfolio Solutions Inc. raised its stake in Tesla by 20.4%, now owning nearly 98,000 shares worth over $31 million. Several institutional investors increased their holdings significantly in Tesla during the first quarter, with notable increases including Newton One Investments LLC by 250% and Cherry Tree Wealth Management LLC by 86.3%. Insider transactions included Director James R. Murdoch selling 60,000 shares valued at approximately $25.36 million, marking an 8.61% decrease in his position. Lithium Americas: Why This 31% Rally Is More Than Just a Headline Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Cherry Tree Wealth Management LLC increased its position in shares of Tesla by 86.3% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after purchasing an additional 44 shares during the last quarter. First PREMIER Bank increased its position in shares of 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 purchasing an additional 42 shares during the last quarter. Newton One Investments LLC increased its position in shares of Tesla by 250.0% in the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Tesla during the 1st quarter valued at about $27,000. Finally, Chelsea Counsel Co. grew its position in shares of Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 40 shares during the last quarter. Institutional investors own 66.20% of the company's stock. Get Tesla alerts: