JP Morgan has sharply increased its holdings in Chinese EV maker Nio during the fourth quarter of 2025, closing the year with nearly 12.7 million shares worth $64.7 million.
The New York-based firm’s stake in the company has fluctuated significantly over the last year.
The bank nearly exited its position in Nio during the first quarter, when it sold 95.9% of its shares — holding just 187,562 by the end of March.
JP Morgan then added 4.75 million shares between April and June, reaching its largest stake in the company since late 2022.
In the third quarter, it cut 30% of the shares, holding about 3.4 million on September 30.
The bank reached a new record position in the EV maker by the end of 2025, its highest ever, surpassing its peak of 10.2 million shares held in the third quarter of 2020.
JP Morgan opened a position in the company in the first quarter of 2019, with 288,448 shares, valued at $1.47 million then.
Nio was founded in 2014 and went public in New York in September 2018.
Its shares reached an all-time high at $66.99 in January 2021, before dropping below $10 in late 2022.
The company traded at its lowest point in April 2025, when shares plunged to $3.02.
In the following five months, the company’s stock recovered to reach a yearly high of $8.02 on October 2.
Since then, the stock price has dropped 36.8%, despite fluctuations, to a closing price of $5.07 on Wednesday.
According to Nasdaq, JP Morgan’s position in Nio is currently valued at $64.4 million, around $300,000 below a month and a half ago.
Other Holdings
According to Nasdaq, JP Morgan held a position in 6,339 institutions by the end of 2026, with a portfolio of over $1.5 trillion.
The firm has also tripled its investment in EV maker Rivian during the final quarter of 2025, boosting its holdings to a new record with over 22 million shares held.
Regarding Tesla, JP Morgan slightly trimmed its stake by around 40,000 shares, following a 1.6 million-share sellout during the third quarter.
It held 44.6 million shares in the Elon Musk-led company, with a stake worth $20 billion.
After nearly exiting its stake in XPeng during the previous quarter, the firm acquired 712,917 shares in the automaker.
Institutional Ownership
Nasdaq data shows that a total of 483 institutional investors currently hold nearly 324 million shares in Nio.
Its largest institutional shareholder as of the end of the third quarter, following its backer CYVN Holdings, was Aspex Management.
The Hong Kong-based hedge fund purchased 35 million shares between July and September, returning to the company for the first time in nearly three years.
It has not yet filed its quarterly update with the SEC, as of Thursday.
UBS, which filed its fourth-quarter update late last month, held 24.5 million shares in the EV maker by the end of 2025, a 14.7% sequential decrease.
Goldman Sachs’ latest quarterly filing revealed that its holdings in Nio jumped by 57% during the fourth quarter, to nearly 14.4 million shares.
BNP Paribas reported a 3 million-share increase in Nio last quarter, with holdings totaling 21.6 million shares by the end of 2025.
