Who Is Buying Lucid? Hedge Fund Activity in 2026
See which hedge funds are buying, selling, or holding Lucid Group (LCID) based on latest 13F filings. Mixed signals — Soros opens new position while Two Sigma and Coatue exit entirely.
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Who Is Buying Lucid? Hedge Fund Activity in 2026
Lucid Group — maker of the luxury Lucid Air EV sedan — sits at around $9.96 per share, a fraction of its post-SPAC highs. Backed by Saudi Arabia's Public Investment Fund, Lucid has the capital to survive but hasn't yet proven it can scale production to justify its valuation.
The latest 13F filings paint a deeply divided picture: 4 funds buying, 4 funds selling, and 4 holding steady. It's a perfect split — and the dramatic entries and exits on both sides make Lucid one of the most contested names in hedge fund portfolios.
The most intriguing move? George Soros just opened a brand new position.
Quick Answer
Across the funds we read directly from SEC filings, the largest Lucid position in the Q2 2026 13Fs (period ending 30 June 2026) is Citadel Advisors at $169k (25,291 shares). Measured against the size of each filer's book rather than in dollars, the most concentrated holder is Citadel Advisors, where Lucid is 0.0% of everything they report. Every figure here is aggregated by CUSIP from the filer's own information table with put/call rows excluded — a 13F lists options beside shares, and adding them together is what produces the inflated stakes quoted elsewhere. Filings lag roughly 45 days: this is positioning as of 30 June 2026, not today, and not investment advice.
LCID Institutional Snapshot
| Metric | Value |
|---|---|
| Funds Buying | 4 |
| Funds Selling | 4 |
| Funds Holding | 4 |
| Active Funds | 12 |
| Current Price | ~$9.96 |
A perfectly balanced 4-4-4 split with complete exits from two major funds. Lucid is a stock where institutional consensus simply doesn't exist.
Who holds Lucid, and how much it matters to them
Read from each filer's Q2 2026 information table (period ending 30 June 2026).
| Fund | Position | Shares | Share of the fund's 13F book |
|---|---|---|---|
| Citadel Advisors | $169k | 25,291 | 0.0% of $171.84B |
| Millennium Management | $116k | 17,320 | 0.0% of $142.92B |
Only 2 of the 9 active filers we read report Lucid at all. That absence is the finding: this is not a name the large multi-strategy and long-only funds in this set are positioned in, whatever retail interest it attracts.
Savings in one bank, investments in another? See it all in one place — and how many months it could carry you.
See your Freedom Runway — freeWho added and who cut
Comparing each filer's Q1 2026 table with its Q2 2026 one, by share count — the change is what shows conviction, not the size of the position.
| Fund | Q1 2026 shares | Q2 2026 shares | Change |
|---|---|---|---|
| Millennium Management | 244,419 | 17,320 | -93% |
| Citadel Advisors | 74,339 | 25,291 | -66% |
A fund absent from this table reported no Lucid position in either quarter.
Track LCID Hedge Fund Activity in Real Time
Want to see every hedge fund move on Lucid as it happens? Freenance's Smart Money feature tracks 35 major hedge funds across 77,111 positions from 13F SEC filings.
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FAQ
Why is hedge fund opinion on Lucid (LCID) so split?
The 4-4-4 buy/sell/hold split reflects genuine uncertainty around Lucid's production ramp versus its cash burn rate. Bulls focus on the Saudi PIF backstop and luxury EV positioning, while bears point to the complete exits from Two Sigma and Coatue as evidence that the path to profitability remains unclear.
How important is Saudi PIF backing to LCID's institutional thesis?
PIF's ownership provides a meaningful downside cushion because it dramatically reduces the risk of a near-term funding crisis. This explains why some funds remain willing to hold small Lucid positions even as production challenges persist — the runway is longer than for most other EV startups.
What does Soros opening a new LCID position signal?
Soros Fund Management's entry, even at under $1M, suggests their team identified an asymmetric setup — perhaps tied to a macro view on luxury EV demand or PIF-driven catalysts. Position size matters here, though: it's a toe-in-the-water bet, not a high-conviction commitment.
Why did Two Sigma and Coatue exit LCID entirely?
Complete exits from both a quantitative giant and a fundamental tech-focused fund suggest two very different analytical frameworks arrived at the same conclusion. For Coatue specifically, the move likely reflects a view that Lucid doesn't belong in a tech portfolio when production volumes remain a fraction of Tesla's or even Rivian's.
Are the Lucid Air and Gravity production targets relevant to 13F readers?
Yes — delivery cadence and ASP trends are the most-watched operational metrics, and they directly inform institutional models. Hedge funds tracking the Gravity SUV launch are looking for evidence that Lucid can broaden its product mix without further denting gross margins, which would be a meaningful pivot point for the bearish thesis.