The British investment trust Scottish Mortgage Investment Trust has sold its remaining shares in Tesla and reduced its holding in Spacex. CNBC reports.
The fund sold its remaining Tesla shares in April after the investment, which began in 2013, generated a return of 13 times the invested capital.
The realized gain amounted to approximately 6.2 billion dollars. At the same time, Spacex’s share of the fund’s assets has decreased from 15 to 11.1 percent since the end of September.
Scottish Mortgage reported a total return on net asset value of 31.5 percent in the six months to September, compared with 16 percent for the benchmark index.
Spacex contributed 8 percentage points to the return.
