The Swiss bank UBS has increased its holdings in XPeng to a new record during the third quarter, a new filing with the US Securities and Exchange Commission (SEC) shows.
The firm held 10.3 million shares in the Chinese automaker by the end of September, an increase of nearly 2 million shares — or 23.8% — from the prior quarter.
UBS first invested in XPeng in the third quarter of 2020 — at the time of the company’s IPO — with 238,358 shares, a stake valued at $4 million.
The stake surpassed 1 million shares in early 2021 and continued to rise through the third quarter, before being sharply trimmed in the year’s final quarter.
Up until the third quarter of 2024, UBS’s holdings fluctuated from 83,000 to 2.4 million shares.
By the end of 2024, the stake jumped to 9 million shares, valued at nearly $111 million.
In the first half of 2025, UBS adjusted its position, reducing it to 7.4 million shares in the first quarter, then increasing it to 8.3 million shares in the April–June period.
Institutional Ownership
XPeng’s institutional ownership peaked in late 2021, with over 260 million shares held collectively.
The figures have sharply declined over the past four years.
As of Tuesday, Nasdaq data shows that XPeng has 267 institutional shareholders, holding over 134 million shares.
TMT General slightly trimmed its position in the automaker in the July-September period by 115,080 shares.
It held 25.4 million shares as of September 30, which are currently valued at $570 million.
It is the second largest institutional investor in the automaker, after Alibaba Group, which owns 33.5 million shares.
Primecap Management, which holds the third-largest position with 13.8 million shares, slightly reduced its stake by 3%.
UBS is now the fourth-largest institutional investor in XPeng.
UBS Q3 Portfolio
The bank, which recently reported managing over $6.9 trillion in assets, held a position in 9,585 companies by the end of the third quarter.
The portfolio has a total market value of $504.8 billion.
Its most valuable stakes are in tech companies Nvidia, Microsoft and Apple, which together represent around $45 billion.
The asset manager, which used to be the largest shareholder in Chinese EV maker Nio, cut its position in half during the third quarter.
By the end of September, it held 28.7 million shares, worth $219 million.
UBS is also one of the biggest institutions in US electric vehicle makers Rivian and Lucid Motors.
The firm disclosed a position of 19.5 million shares in the Irvine-based company, valued at $290 million.
It held 3.8 million shares in Lucid by the end of the quarter, worth $91.9 million.
UBS also reported a 4.7 million share stake in Tesla, which was reduced by 3 million from the previous quarter. The position is currently valued at $1.9 billion.
XPeng Q3 Results
XPeng reported its third-quarter earnings results on Monday, posting the smallest quarterly loss in more than five years and a doubling of revenue.
Despite the results, the stock has declined over 10% on Monday’s trading session, closing at $22.43.
The company’s share price had surged to a new 3-year high of $28.24 on November 11, driven by a series of targets that the company has nearly achieved as the year draws to a close.
It also reflects the ambitious targets on robotaxis and humanoid robots, announced during XPeng’s AI Day earlier this month.
The company delivered 355,209 electric vehicles in the first ten months of the year — over 90% of the yearly target of 380,000 units.
Additionally, it has nearly reached its goal to double its presence in overseas markets from 30 to 60 — Cambodia, to which the brand expanded in late October, became its 54th global market.
The jump also came as the company reaffirmed its deal with Volkswagen in China, which includes joint vehicle development but also the deployment of its autonomous driving software to the German legacy automaker’s cars.
