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Coatue Management Cuts Stake in ChargePoint
Institutional investor reduces position in electric vehicle charging company by 95%
Mar. 15, 2026 at 10:49am
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Coatue Management LLC, an institutional investor, has significantly reduced its stake in ChargePoint Holdings, Inc. (NYSE:CHPT) by 95% in the third quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 154,086 shares of the electric vehicle charging company's stock, down from nearly 3 million shares previously.
Why it matters
The reduction in Coatue Management's position in ChargePoint could signal a shift in investor sentiment towards the electric vehicle charging market. As one of the largest institutional investors in ChargePoint, Coatue's decision to sell the majority of its stake may influence other investors' views on the company's future prospects.
The details
According to the filing, Coatue Management sold 2,927,666 shares of ChargePoint, reducing its stake in the company by 95%. The institutional investor now owns 154,086 shares, or 0.66% of the company's outstanding stock. The move comes as ChargePoint's stock price has declined significantly in recent months, falling from a high of $17.78 to around $5.33 as of the most recent trading session.
- Coatue Management reduced its stake in ChargePoint during the 3rd quarter of 2026.
The players
Coatue Management LLC
An institutional investment firm that has significantly reduced its stake in electric vehicle charging company ChargePoint Holdings, Inc.
ChargePoint Holdings, Inc.
An American company that designs, develops, and markets electric vehicle charging solutions, including hardware, software, and services.
The takeaway
The reduction in Coatue Management's position in ChargePoint could signal a broader shift in investor sentiment towards the electric vehicle charging market, as one of the largest institutional investors in the company has chosen to sell the majority of its stake. This development may prompt other investors to reevaluate their own positions in ChargePoint and similar companies in the EV charging space.
