1/ I don’t subscribe to view that HFs have been buying up $TSLA in order to sell to the indexers. This is not what fundamental Long/Short Equity and Special Situations HFs do. They have institutionalised investment processes in place which are interrogated by HF investors
2/ The large equity HFs don’t just make a ‘big punt’ on an index inclusion event. This year none of the large equity HF funds have been materially involved in $TSLA. They are wary of ‘style drift’ from their stated investment processes. Which is something HF investors monitor.
3/ As for Special Situations funds, they deal primarily in corporate restructuring situations, capital structure arbitrage etc. Not short term punts on index rebalancings. $TSLA
4/ The technicals for $TSLA, in terms of amount of float needed by both passive and active S&P benchmarked managers over the coming months, plus fundamentals, record Q4 deliveries & profit and strong guide for 2021, remain irresistible! HODL. $TSLA
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