After slashing its Nio holdings in the first quarter, JPMorgan rebuilt its position in the Chinese electric vehicle maker, acquiring more than 4.4 million shares between April and June.
The bank disclosed a holding of 4,939,379 Nio shares as of June 30, reversing a sharp reduction in the first quarter, according to its latest SEC filing.
The bank added 4,751,817 shares quarter-on-quarter, a +2,533% change from 187,562 at March 31. The position’s reported value rose to $16.94 million from $0.72 million in the first quarter.
The bank’s peak position was in the third quarter of 2020, when it held over 10.2 million shares.
However, JPMorgan dumped 73% of its position in the final months of the year, just before Nio shares reached a new all time high at $66.99 in January 2021.
The latest move follows a volatile year of adjustments.
JPMorgan had lifted its stake to 3.99 million shares in Q4 2024 (up 65.4% from Q3’s 2.41 million), cut it by -95.3% in the first three months of 2025, before rebuilding position between April and June.
At 4.94 million, the holding is JPMorgan’s largest since the final quarter of 2022 — it held 5.73 million then.
Provisional rankings based on filings available so far place JPMorgan around 12th among Nio’s institutional holders, with several top shareholders yet to report second quarter positions.
As reported earlier this Wednesday, the world’s largest asset manager, BlackRock, also increased its holdings in the second quarter.
As of Wednesday, data from Fintel shows 464 institutional shareholders holding roughly 234.4 million shares.
Earlier this week, Citigroup reported it had reduced its Nio holdings by 6.51% in the second quarter while maintaining Call options and slashing Put options.
Nio’s shares rose 2.7% to $4.59 in premarket trading on Wednesday, after falling nearly 9% the previous day when registrations for its three brands — Nio, Onvo and Firefly — fell sequentially in China and Citi disclosed its reduced stake.
