Funds have been buying Nio shares

Credit Suisse AG boosted its holdings in shares of Nio by 19.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,497,075 shares of the company's stock after purchasing an additional 879,832 shares during the quarter. Credit Suisse AG owned about 0.33% of NIO worth USD53,267,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Nio by 7.8% during the 2nd quarter. BlackRock Inc. now owns 66,794,714 shares of the company's stock valued at USD647,241,000 after purchasing an additional 4,835,232 shares during the period. Vanguard Group Inc. boosted its stake in Nio by 2.2% during the 3rd quarter.

Vanguard Group Inc. now owns 51,370,117 shares of the company's stock valued at USD810,108,000 after purchasing an additional 1,113,194 shares during the period. Norges Bank bought a new stake in Nio during the 4th quarter valued at approximately USD155,344,000. Legal & General Group Plc raised its holdings in Nio by 0.8% in the 4th quarter. Legal & General Group Plc now owns 11,086,052 shares of the company's stock valued at USD108,089,000 after acquiring an additional 92,662 shares in the last quarter.

Finally, First Trust Advisors LP raised its holdings in Nio by 20.8% in the 1st quarter. First Trust Advisors LP now owns 8,128,289 shares of the company's stock valued at USD171,100,000 after acquiring an additional 1,399,601 shares in the last quarter. Institutional investors own 42.32% of the company's stock.