T. Rowe Price funds slashed Tesla Inc holdings in the first quarter, data showed...
FILE PHOTO: The logo of T. Rowe Price Group is pictured at its office in Tokyo, Japan, January 13, 2017. REUTERS/Toru Hanai
The firm, which has been one of the largest investors in the Silicon Valley company, sold off 92 percent of its prior holdings in the company during the quarter, Refinitiv data showed. Most recently, T. Rowe Price reduced its stake in the fourth-quarter of last year by roughly half, ending December with a 5.2 percent stake in the company overall versus 10.12 percent in September.
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