UK funds significantly reduced their holdings in SpaceX last week and had fully exited Tesla as of April.

Glonghui, November 9 | The UK closed-end fund Scottish Mortgage Investment Trust, managed by Baillie Gifford, completely liquidated its Tesla holdings in April and significantly reduced its holdings in SpaceX last week, thus avoiding sharp declines of over 9% and 10.77% in these two stocks last Thursday. The proportion of SpaceX in the fund's total assets dropped from 15% at the end of September to 11.1%. This investment still contributed 8 percentage points to the fund's net asset value return of 31.5% in the first half of the year.