No, Natixis doesn't have 6% stake in Tesla (TSLA)

(Updated - February 15, 2023 12:58 PM EST)

Natixis confirmed to StreetInsider.com that it doesn't have a 189,784,078 share stake in Tesla (NASDAQ: TSLA), but that the stake disclosed in the firm's recent Q4 13F filing with the SEC was posted in error.

The 13F of the French investment bank raised eyebrows on Wall Street Wednesday as the massive stake would have been equal to a 6% stake, valued at some $39.7 billion. It would have also made the firm a top 5 holder of the EV maker.

Some were speculating that Natixis could have bought the stock on behalf of a sovereign wealth fund, but that is not the case. It appears someone added an extra "zero" to the stake by mistake.

Natixis told StreetInsider.com they would be re-filing its 13F later today with the correct stake amount.

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