An important early-stage investor has cleared all Tesla shares while drastically reducing SpaceX's holdings to reap the benefits from these two successful long-term investments. The London-listed closed-end fund Scottish Mortgage Investment Trust, managed by Barry Gifford, revealed on Friday that as of Wednesday, SpaceX accounted for 11.1% of its total assets, compared to 15% on September 30. This position contributed to the Scottish Mortgage Trust's return on net worth of 31.5% in the six months up to the end of September. In the half-year results announcement, the trust also stated that it had sold all remaining Tesla shares in April, ending the investment that began in 2013.

An important early-stage investor has cleared all Tesla shares while drastically reducing SpaceX's holdings to reap the benefits from these two successful long-term investments. The London-listed closed-end fund Scottish Mortgage Investment Trust, managed by Barry Gifford, revealed on Friday that as of Wednesday, SpaceX accounted for 11.1% of its total assets, compared to 15% on September 30. This position contributed to the Scottish Mortgage Trust's return on net worth of 31.5% in the six months up to the end of September. In the half-year results announcement, the trust also stated that it had sold all remaining Tesla shares in April, ending the investment that began in 2013.