Citigroup Doubles Lucid Stake in Q3 Filing
The bank's 13F filing shows it more than doubled its Lucid shares while cutting its XPeng position by most of its holding.
Updated on Nov. 5, 2026 in Electric Vehicles
Citigroup more than doubled its Lucid share holding and sold most of its XPeng position in the third quarter, according to a Form 13F filing made with the SEC. The bank also raised its Rivian, Tesla, and Ford holdings over the same period.
Why it matters
The filing offers a snapshot of how a major institutional investor positioned itself across electric vehicle makers as of September 30. Changes in large holders' positions can signal shifts in institutional sentiment toward individual EV companies.
Citigroup's Lucid holding was worth $17.3 million at quarter-end, while its Tesla position was valued at $3.09 billion at Tesla's $354.81 closing price on September 30. The 13F filing reports 12,011 entries with a total value of $308.3 billion, but the filing does not disclose the reasons behind the changes.
The players
Citigroup Inc.
Citigroup is a major global banking and financial services company headquartered in New York that files quarterly 13F disclosures of its institutional equity holdings.
U.S. Securities and Exchange Commission
The SEC is the federal agency that regulates U.S. securities markets and receives and publishes institutional investment manager filings such as Form 13F.
The details
The 13F filing combines Citigroup Inc.'s holdings with those of 10 other included managers. Lucid's stock fell 39.2% over the quarter, even as Citigroup's reported Lucid position rose, and the bank no longer reported a position in Faraday Future.
Timeline
June 30, 2026: Prior quarter-end baseline for Citigroup's EV holdings.
September 30, 2026: Quarter-end date for the reported holdings and closing prices.
November 4, 2026: Citigroup filed its Form 13F with the SEC.
Roadmap
Citigroup's filing is one of the quarterly 13F disclosures required under Section 13(f) of the Securities Exchange Act of 1934, which allow observers to track institutional positioning across the auto sector. The reported shifts among Lucid, XPeng, Rivian, Tesla, and Ford show large investors continuing to reshuffle exposure among electric vehicle makers rather than concentrating in a single name.
For individual investors, large institutional shifts in EV stocks can affect share prices and the composition of index and mutual fund holdings that many retirement accounts contain. The filing itself does not change vehicle prices, charging availability, or purchase incentives for drivers.
The takeaway
Quarterly 13F filings are a useful way to see how large investors are repositioning across electric vehicle makers. Individual investors should weigh these snapshots alongside company fundamentals, since institutional positions can change quickly.
Further reading
For broader context on the sector, explore more Electric Vehicles coverage.
