Hedge Fund Positions

CalPERS liquidated its position in Xpeng in the third quarter of 2022.

Bridgewater reduced its holdings in Nio by 40.53 percent, Xpeng by 25.98 percent and Li Auto by 54.69 percent in the first quarter.

Renaissance reduced its position in Nio by 0.16 percent, Xpeng by 98.88 percent and Li Auto by 20.44 percent during the first quarter.

Baillie Gifford trimmed its holdings in Nio and Tesla by 0.77 percent and 2.83 percent, respectively, in the first quarter, but the value of its holdings in them rose.

Point72 increased its bet on Nio in the fourth quarter, re-bought Li Auto, but liquidated its position in Xpeng.

Bridgewater reduced its holdings in Nio by 27.91 percent, Xpeng by 6.15 percent and Li Auto by 46.63 percent during the fourth quarter.

Baillie Gifford increased its position in Nio ADR by 25.09% during the fourth quarter, valued most recently at $1.18 billion.

Renaissance reduced its stake in Nio by 28.63 percent in the third quarter, while increasing its holdings in Xpeng and Li Auto by 74.47 percent and 106 percent, respectively.

In addition to increasing its purchases of Nio bonds, Soros Fund also bought calls on Nio for the first time in the third quarter.

The market value of Bridgewater's holdings in Nio decreased by 22.58 percent during the third quarter, while its holdings in Xpeng and Li Auto decreased by 62.31 percent and 39.77 percent, respectively.