Geode Capital Doubles its Stake in Mullen Automotive

According to a recent Form 13F filing submitted to the SEC, Geode Capital Management, Llc disclosed a noteworthy and bullish investment in MULN stock. Here’s what you need to know about Mullen Automotive, Inc., as well as Geode Capital Management, LLC and their long position in shares of MULN stock:

About Geode Capital Management, LLC

Boston, Massachusetts-based Geode Capital Management is a systematic asset manager providing core beta exposures across a range of equity and niche asset classes. Geode was founded in 2001 and set out to create structured and repeatable investment strategies with the objective of providing efficient exposures to institutional investors.

About Mullen Automotive, Inc. (MULN)

Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California.

Geode Capital Management Buys Stock in MULN

According to the most recent 13F filed by Geode Capital Management, LLC, the firm added 3,725,097 shares of MULN stock to it holdings in the recent quarter. That brings their total long position in Mullen Automotive, Inc. to 6,389,334 shares, representing approximately 1.1153% of the 572,894,028 MULN shares outstanding. Based on the most recent closing price of $0.31 per share of MULN, the entire Geode Capital Management position in Mullen Automotive, Inc. is worth roughly $1,973,665.27.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Geode Capital Management. Goldman Sachs added to its MULN position in the recent quarter and so did JPMorgan Chase. Also be sure to check out more recent 13F filing analysis news here.