Citigroup (C) has significantly raised its investment in electric vehicle maker Rivian (RIVN), more than doubling its stake during the third quarter of 2025, EV reported. According to a recent SEC filing, the firm added 4.95 million shares between July and September, bringing its total holdings to 8.54 million shares, worth nearly $125 million at quarter’s end.
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Rivian stock has gained over 7% during Tuesday’s trading session.
Citi’s Rivian Bet Hits New High
This marks Citigroup’s largest position in Rivian since it first invested in the company during Q4 2021, shortly after Rivian’s IPO. The firm initially purchased just 76,738 shares worth $7.9 million, but quickly scaled up to 1.38 million shares in early 2022.
Over the next two years, its stake fluctuated, peaking above 2 million shares in late 2024 before dipping back to 1.4 million in early 2025.
Importantly, Citigroup doubled its stake in both Q2 and Q3 of this year, signaling growing confidence in Rivian’s long-term prospects.
Inside Citigroup’s Other Portfolio Changes
Citigroup’s portfolio spans 5,179 companies with a total value of $147 billion. Its largest holding is in chipmaker Nvidia (NVDA), with 33.3 million shares valued at $6.6 billion. Tesla (TSLA) ranks third, with 9.57 million shares worth $4.2 billion.
While Citigroup boosted its Tesla stake by 2.37% last quarter, it trimmed its position in Chinese EV maker Nio (NIO) by 7.5%, now holding 6.3 million shares worth $48 million.
Road Ahead for Rivian
Rivian’s prospects seem promising as the EV maker delivers positive gross profits and deepens strategic partnerships. With Amazon (AMZN) committed to purchasing 100,000 electric vans and Volkswagen (VWAGY) investing billions in joint software and vehicle development, Rivian is positioned to scale production.
The company is also building out its charging infrastructure and expanding its service network to support long-term growth.
Overall, continued equity infusions, a growing backlog, and renewed investor confidence signal optimism about Rivian’s growing presence in the competitive EV market.
Is Rivian a Buy, Hold, or Sell?
Turning to Wall Street, RIVN stock has a Hold consensus rating based on five Buys, eight Holds, and five Sells assigned in the last three months. At $13.33, the average Rivian price target implies 23.32% downside potential.
