A number of asset management firms recently reported their positions for the fourth quarter of 2020, from which we can see how some of these giant whales moved in their Nio positions.
Those who bought Nio
Bridgewater Associates, the world's largest hedge fund, increased its holdings in Nio ADS by 391,200 shares in the fourth quarter, according to a 13F filing released on February 12.
As of December 31, 2020, Bridgewater held 1,960,609 Nio ADS shares valued at $95,560,000.
It is also worth noting that Bridgewater continues to be bearish on Tesla despite the fact that the stock is one of the hottest investments in 2020 with a 743.44% gain for the year.
Bridgewater dumped its last 35,000 shares of Tesla in the fourth quarter, and the fund has continued to reduce its holdings in Tesla after buying 212,000 shares in the fourth quarter of 2019.
What we didn't notice before was that the Swiss National Bank, Switzerland's central bank, is also an investor in Nio.
The central bank's 13F filing, published on February 5, showed it held 3,026,598 Nio ADS shares worth $147,516,000 as of December 31, 2020.
The central bank's position data, published in late November, showed that it held 2,226,658 Nio ADS shares worth $47,250,000 as of September 30, 2020.
That means the Swiss National Bank increased its holdings in Nio ADS by 799,940 shares, or 35.93%, during the fourth quarter.
French bank Natixis's 13F filing, published on February 12, showed that it bought Nio ADS shares for the first time in the fourth quarter.
As of December 31, 2020, Natixis owned 2,410,237 Nio ADS shares worth $117,475,000.
Natixis' last 13F filing, published on November 12, showed that it did not hold any Nio ADS shares as of September 30.
Varma Pension Insurance Company, one of the largest private investors and among the largest earning-related pension insurance companies in Finland, bought into Nio for the first time in the fourth quarter.
Varma's 13F filing, released February 9, showed it held 210,000 Nio ADS shares worth $10,235,000 as of December 31, 2020.
The company's 13F filing on Nov. 4 showed it did not hold any Nio ADS shares as of Sept. 30 as well.
Those who sold Nio
Hillhouse Capital, which liquidated Nio at its lowest point in 2019 and re-bought big in the third quarter of 2020, has liquidated its position in Nio again.
The firm's 13F filing, released on February 12, showed it no longer holds any Nio ADS shares as of December 31, 2020.
Its previous 13F filing on November 16 showed that it held 2,411,750 Nio ADS shares worth $51,177,000 as of September 30.
In addition to Nio, Hillhouse also liquidated its positions in Xpeng Motors and Li Auto.
As of September 30, Hillhouse held 916,518 Xpeng ADS shares valued at $18,395,000 and 1,670,931 Li Auto ADS shares valued at $29,057,000.
During the fourth quarter, Nio rose 156%.
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