According to the SEC form published on Monday, the Swiss National Bank has increased its position in NIO by 9.47% during the first quarter of 2022. The Bank disclosed owning 3,595,675 NIO shares valued at $75.69 million as of March 31, 2022. In early February, Swiss National Bank filed a form disclosing 3,284,575 shares by the end of 2021 representing an increase of 9.47 percent.
SNB started a position in NIO shares during the first quarter of 2019 and has been increasing its holdings in NIO since then. At the time, Switzerland Central Bank bought over 1 million shares, doubling it in early 2020. After the pandemic, the Bank added nearly one million bringing the total holdings up to 3 million shares.
Earlier this week, Norwegian Norges Bank reported that sold its position on NIO dumping a total of 13,749,756 shares during the first quarter of 2022. As reported in March, Norway Central Bank had bought 3,237,003 shares in the last quarter of 2021. At the time, the buy represented an increase of 30.8 percent from the 10,512,753 shares the bank was holding by the end of the third quarter.
As of May 10, NIO has 788 institutional owners and shareholders holding a total of 670,705,982 shares. The largest shareholders include Baillie Gifford & Co, BlackRock, Vanguard Group, State Street Corp, VWIGX, and Susquehanna International Group.