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UBS Builds Record Lucid Position in Q1, Trims Rivian Stake to Two-Year Low
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UBS Builds Record Lucid Position in Q1, Trims Rivian Stake to Two-Year Low
UBS Group disclosed in its quarterly portfolio update that it reduced its Rivian holdings by 26.4% in the first quarter of 2026, ending March with just below 10.3 million shares in the EV maker. The Swiss bank has now cut its stake in the Irvine-based company for the second consecutive quarter, after selling 28.6% of its shares — 13.9 million — in the final three months of 2025. The position is also its smallest in nearly two years, just below t…
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