"Top fund investors pumped brakes on fast-rising Tesla: filings" (TSLA)

From Reuters:

Top Tesla Inc (TSLA.O) investors Fidelity Investments and T. Rowe Price cut their holdings in the second quarter and indicated they were taking profits from the electric car maker stock, which is up 65 percent this year.

Sellers included Fidelity funds like Fidelity OTC Portfolio, which sold 1.62 million shares, or 43 percent of its position during the quarter, as well as funds managed by T. Rowe Price Group (TROW.O), including T. Rowe Price Growth Stock Fund (PRGFX.O), which sold 1.33 million shares during the quarter or 48 percent of its position, recent securities filings show. 

Both funds remain among the ten largest fund investors in Tesla, according to Thomson Reuters data.

Other big sellers of Tesla during the quarter were Morgan Stanley funds including Morgan Stanley Institutional Growth Portfolio (MSHLX.O). 

In total, institutional investors held 95.2 million shares of Tesla at the end of June, 10.7 million fewer shares than at the end of March, according to an analysis of filings by edgaronline.com.

Tesla did not immediately respond to a request for comment....MORE

 The stock is off a buck and change at $350.76.