Tesla, Inc. will be included in the S & P 500 index on December 21.

In response, Goldman Sachs Group said that some large mutual funds will have to increase their holdings of Tesla, Inc. shares to match the rate of return of the index.

Goldman Sachs Group's portfolio strategy research team pointed out in a recent report that of the 189 large mutual funds tracked, 157did not hold Tesla, Inc. 's shares at the beginning of the fourth quarter. Assuming these funds keep Tesla, Inc. at the benchmark weight, they will need to buy $8 billion of shares in the company, or about 2 per cent of Tesla, Inc. 's total market capitalization.

Tesla, Inc. 's share price has risen more than 25 per cent since November 17.

It is worth noting, however, that although the S & P 500 announced the inclusion of Tesla, Inc. in the index, the index committee did not say which stock would be replaced.

The S & P global index committee said it planned to release more details on the addition and deletion of stocks when quarterly index changes were regularly announced in early December. At that time, the replaced stocks will also face inevitable selling pressure.

It is understood that in September$H & R Bullock tax Company (HRB.US) $、$Koty (COTY.US) $And$Cole department store (KSS.US) $Three stocks were dropped from the S & P 500. In the period between the announcement and the official exclusion, the average decline of the three stocks was about 11%. Among them, Koty and Cole also performed poorly in the week after they were officially excluded, falling by 8.9% and 9.4% respectively.

Neal Dingmann, an analyst at Truist, thinksEnergy stocks may be the "victim" of Tesla, Inc. 's inclusion in the index.. "small energy stocks currently account for nearly 10 per cent of the bottom 1/4 of the market capitalization of S & P 500s, and these stocks bear the brunt and may face the risk of being eliminated," he wrote in a report. "

Specifically, among the 10 stocks with the lowest market capitalization in the index, oil and gas stocks account for six. They are:$Devon Energy (DVN.US) $、$NOV.US (Varco) $、$Apache Oil (APA.US) $、$Marathon Oil (MRO.US) $、$HollyFrontier Corp. (HFC.US) $And$FMC Energy equipment Co. (FTI.US) $The remaining four stocks are: industrial parts manufacturers$Foss (FLS.US) $、$Xerox (XRX.US) $Insurance company$Unum Therapeutics (UNUM.US) $And$SL Green Realty Corp. (SLG.US) $.

It is worth noting that the 10 stocks have fallen sharply so far this year, with an average decline of 56%, of which six oil stocks have fallen about 64%.

In addition, Goldman Sachs Group also saidSome stocks excessively held by funds may also be under pressure to be sold.. These companies include:$Visa Inc (V.US) $、$MasterCard Inc (MA.US) $、$Citigroup Inc (C.US) $、$Adobe Inc (ADBE.US) $、$Medtronic PLC (MDT.US) $、American International Group (AIG.US) $、Tyco Electronics (TEL.US) $、$Charles Schwab Corp (SCHW.US) $、$Comcast Corp (CMCSA.US) $And$Lowe's Companies Inc (LOW.US) $.

Goldman Sachs Group said that for fund managers who are going to buy Tesla, Inc. in the coming weeks, selling these shares will get some of the money to buy Tesla, Inc..