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Institutional holders added a net 2.48 million Nio shares in the second quarter despite more firms selling than buying.
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Morgan Stanley increased its stake 86% to 27.41 million shares, becoming Nio’s largest holder among Q2 filers.
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D.E. Shaw sold 20.12 million shares and cut its stake by 52.5%, while JPMorgan continued a nearly 79% unwind.
Nio shares fell 2% in Hong Kong on Wednesday despite institutional filings showing a net increase in holdings, as 66 new investors countered reductions by existing shareholders.
Nio’s U.S.-listed shares fell 1.5% on Tuesday to close at $4.53, ending a two-session winning streak.
New Investors Rescue Nio Demand
Institutional holders added a net 2.48 million Nio shares during the second quarter. More institutions sold than bought — 270 versus 247 — but buyers traded in larger blocks. Purchases totaled 76.26 million shares, compared with 73.78 million shares sold.
The positive balance depended entirely on fresh capital. Existing holders that changed their positions were net sellers of 3.1 million shares, while 66 new investors opened positions totaling 10.58 million shares. In comparison, 67 institutions exited Nio completely, selling 5 million shares. New positions therefore exceeded complete exits by 5.58 million shares, enough to offset selling by established holders and leave the quarter modestly positive.
Morgan Stanley Leads Nio Buying
Morgan Stanley led institutional buying, adding 12.69 million shares and increasing its position by 86% to 27.41 million. The move made it Nio’s largest shareholder among second-quarter filers. UBS added 6.92 million shares to lift its stake 56% to 19.27 million, while Bank of America increased its holding by 4.77 million shares to nearly 19 million.
Susquehanna expanded its stake nearly 4x to 8.29 million shares, and Millennium Management boosted its stake almost sixfold to 6.79 million. Morgan Stanley, UBS, Bank of America, Susquehanna and Millennium together added 36 million shares, which is more than half of all shares purchased in the quarter.
Major Funds Cut Nio Stakes
D.E. Shaw dominated the opposite side of the trade, disposing of 20.12 million shares and cutting its position by 52.5% to 18.2 million. The reduction was the quarter’s largest move in either direction and pushed D.E. Shaw from Nio’s biggest institutional holder at the start of the period to fourth place by June 30. Without D.E. Shaw’s reduction, existing investors that changed their positions would have been net buyers of 17 million shares.
