There have been claims in articles and comments here that T. Rowe Price, a long-time investor in Tesla (TSLA), is bailing on the company. Since some retail investors, who may not have the time or the access to proprietary data to research a company's ownership, rely on what they read, I would like to clarify what is going on in layman's terms.

Why is ownership information important?

Within 45 days after the end of each quarter, institutional investors with at least $100 million in assets under management are required to file a Form 13F with the Securities Exchange Commission. Most institutional investors wait until the last possible date, so on February 15, May 15, August 15, and November 15, we see a surge in "Berkshire Hathaway (or Carl Icahn or David Einhorn etc.) bought/sold these stocks" type of headlines from financial media outlets.

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