Jane Street Group, which has held a position in Nio since the company went public in late 2018, has increased its holdings in the EV maker to a record high of 19.2 million shares during the third quarter.
The New York-based asset manager has disclosed its quarterly portfolio with the SEC, according to which it has acquired 18.7 million shares in the company between July and September.
The firm had been reducing its stake in the EV maker since the fourth quarter of 2024, cutting its holdings from 4 million shares to fewer than 500,000 by the second quarter of 2025 — its lowest holdings since late 2019.
Jane Street first invested in Nio in the fourth quarter of 2018, purchasing 115,929 shares valued at $738,000, and its stake has fluctuated over the past four years.
The 19 million-share stake is more than double the previous record of 8 million shares, which was set in the first quarter of 2024.
Jane Street Investments
Jane Street Group disclosed it has open positions in 6,877 companies, with a portfolio worth over $83.5 billion.
The firm owns 4.5 million shares in Tesla, worth over $1.8 billion — its most valuable position after Nvidia, in which 18.9 million shares are valued at $3.6 billion.
Jane Street’s position in Rivian has surged from 84,733 to over 7.1 million shares during the third quarter, currently worth $108 million.
Institutional Ownership
A total of 476 investors collectively hold around 316 million shares in the EV maker, as of Monday.
As of the third quarter, the EV maker’s largest institutional shareholder was Aspex Management, which bought 35 million shares during the quarter.
They are now valued at $215 million.
UBS, which was Nio‘s largest investor, slashed its position by nearly 59% in the third quarter. The firm held 28.7 million shares by the end of September, a stake currently worth $177 million.
Jane Street Group, which places third among Nio‘s largest institutional investors, has a stake that is currently worth nearly $118.5 million.
Stock Performance
By the end of September, the 19.2 million shares that the firm held in Nio were valued at $146.5 million.
Nio‘s stock surged in the second quarter, rising from a closing price of $3.51 on July 1 to $7.62 on September 30.
Since then, however, the shares have dropped about 19%, after reaching a 2025 high of $8.02 in early October.
As of press time, the company’s US-listed shares are trading 1.7% lower at $6.05 on Monday’s market session.
