Institutional holders ended the second quarter owning 2,484,918 more Nio Inc. shares than they held three months earlier, a net gain settled by less than 2% of the shares that changed hands.
More institutions sold than bought — 270 against 247 — but the buyers moved in larger blocks.
Together, 247 holders added 76,262,941 shares while 270 sold 73,778,023, according to Form 13F filings submitted to the US Securities and Exchange Commission by the August 14 deadline.
A single firm came close to deciding the outcome, with D.E. Shaw & Co. accounting for more than a quarter of all institutional selling in the quarter.
On the buying side, 181 existing holders raised their Nio positions by a combined 65,680,030 shares and 66 institutions opened new ones totalling 10,582,911.
Against them, 203 holders cut back by 68,775,172 shares and 67 exited the stock entirely, selling 5,002,851.
Existing holders who changed their positions were therefore net sellers, by 3,095,142 shares.
New entrants outweighed complete exits by 5,580,060 — enough to cover that shortfall and leave the quarter positive.
Who Bought the Most
Morgan Stanley led the buying, adding 12,690,265 shares for an 86.2% increase to 27,411,634.
The build made the Wall Street bank the largest Nio holder among Q2 filers, leapfrogging UBS, which itself added 6,924,086 shares — a 56.1% increase — to 19,271,326.
Bank of America followed, adding 4,770,004 shares for a 33.5% increase to 18,998,920.
Susquehanna International Group added 6,044,533 shares, a 268.9% surge, finishing the quarter at 8,292,496.
Millennium Management raised its position by 5,646,740 shares, a 495.7% jump, to 6,785,809, with Mackenzie Financial Corp adding 3,387,573 shares, a 122.5% increase.
The scale of buying was broad.
Five holders alone — Morgan Stanley, UBS, Susquehanna, Millennium and Bank of America — added a combined 36 million shares, more than half the entire increase column.
Who Sold the Most
D.E. Shaw dominated the selling.
The New York-based investment firm cut 20,124,300 shares, or 52.5% of its position, ending the quarter at 18,204,968.
The reduction was the single largest move on Nio‘s register in either direction and extended a selloff that began in the first quarter, when D.E. Shaw had already trimmed 20.4% from a 48.2 million-share position held at the end of December.
D.E. Shaw entered the second quarter as Nio‘s largest institutional holder by a wide margin, with 2.6 times the shares of the next-biggest filer.
By June 30 the firm had dropped to fourth.
Two Sigma Investments sold 4,299,526 shares, reducing its holding to 9,031,336 after a 32.3% cut.
Citadel Advisors trimmed 4,475,813 shares, a 33.8% reduction, to 8,759,358.
JPMorgan Chase continued its rapid unwind, selling 3,872,580 shares for a 59.0% quarterly cut to 2,688,359 — extending a drawdown that has now erased 78.8% of the bank’s five-year-record position set at the end of 2025.
Marshall Wace cut 3,635,194 shares and Point72 Asset Management sold 3,250,415.
BlackRock reduced its position by 1,266,266 shares, an 11.8% cut to 9,461,793, ending two consecutive quarters of accumulation.
Deutsche Bank trimmed its Nio holding 17.9% while simultaneously adding to positions in XPeng and Li Auto.
D.E. Shaw’s 20.1 million-share reduction was more than six times the 3.1 million-share net decline recorded among all holders who changed positions during the quarter.
Remove that single cut and the balance among changers swings to a positive 17 million shares — a result that would rank as one of the strongest quarters for Nio institutional demand in recent filing history.
New Holders and Exits
The 66 new institutional holders that opened Nio positions during the quarter collectively bought 10,582,911 shares.
Assenagon led the group at 3,756,576 shares, followed by Lazard Asset Management at 1,218,260 and Simplex Trading at 907,758.
Against those entrants, 67 holders exited completely, selling a combined 5,002,851 shares.
All exits were small. Jump Financial led with more than 1.4 million shares, and ABC Arbitrage followed, selling its entire stake of 670,417 shares.
New capital outpaced complete exits by more than two to one on a share basis, providing the margin that kept the quarter’s aggregate balance in positive territory.
Ownership Context
Institutional investors held approximately 12.1% of Nio‘s more than 2.3 billion shares outstanding as of the latest filings, according to Nasdaq data.
As of Tuesday morning, the EV maker had 513 institutional shareholders collectively holding 281.3 million shares.
Nio‘s stock closed at $6.03 on March 31 and $5.06 on June 30, a decline of 16.1% over the quarter.
As of press time, Nio shares were trading 1.9% lower at $4.51.
The company delivered 107,658 vehicles across its Nio, Onvo and Firefly brands during the period, a 49.4% increase from a year earlier.
CYVN Holdings, the Abu Dhabi government-backed investor that committed approximately $3.3 billion in 2023, remains the company’s largest overall shareholder outside these filings.
Investment managers overseeing more than $100 million in qualifying assets had until August 14 to disclose their June 30 positions on Form 13F.
