Some Hedge Funds Are Crazy About Tesla, Inc. (TSLA)
Is Tesla, Inc. (NASDAQ:TSLA) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research.
Founded in 2016, SoMa Equity Partners is a California-based hedge fund manager led by Gil Simon. SoMa focuses on identifying non-consensus long and short positions that are mispriced and misunderstood by investors. The firm takes a concentrated, long-term approach to portfolio construction, aiming to capitalize on the shorter investment horizons of many market participants.
Gil Simon, Founder and Chief Investment Officer of SoMa Equity Partners, previously served as Chief Investment Officer at Apex Capital, LLC. He is an alumnus of the University of California, Los Angeles.
As of March 2024, SoMa Equity Partners manages $2.41 billion in discretionary assets across four clients. Their Q1 2024 13F filing reported $1.71 billion in managed 13F securities, with a top 10 holdings concentration of 74.48%. The firm's largest holding is Uber Technologies Inc., with 2,448,801 shares.
