Two of the largest institutional shareholders in XPeng have slashed their holdings by half in the fourth quarter of 2025, as disclosed in their latest portfolio updates.
TMT General Partner — previously its largest institutional investor after Athe China giant Alibaba Group Holding — sold 15.1 million shares in the automaker between September and December, representing a 59% decrease in its stake.
The Hong Kong-based firm held 10.3 million shares in XPeng by the end of 2025, worth $208.6 million as of December 31.
UBS finished 2025 holding 5.3 million shares in the company, half the value reported in the previous quarter — when its stake reached a record number of shares.
The position was worth at $108.2 million by the end of December, decreasing to $90.2 million as XPeng‘s share value dropped over the past few weeks.
The stock reached a 3-year high of $28.24 last November, driven by the achievement of the vehicle delivery annual targets ahead of the year-end.
As of press time, XPeng shares were trading nearly 5% higher at $17.70 — just a few days after achieving a 9-month low of $16.16.
UBS Holdings
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.
Until the third quarter of 2024, UBS’s holdings fluctuated between 83,000 and 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. It reduced the stake to 7.4 million shares in the first quarter and then increased it to 8.3 million in the second one.
The firm added another 2 million in the third quarter, setting a new record stake.
UBS slashed its XPeng holdings by around 4 million shares in the past year, considering the 9.4 million held by the end of 2024.
In its fourth-quarter portfolio update, the firm disclosed it has cut its Rivian holdings by 28.6% to 13.9 million shares, while trimming its Tesla holdings by 15% to 4 million shares.
In Lucid, on the other hand, UBS nearly doubled its holdings by the end of 2025, from 3.8 million shares to 7.7 million.
TMT Stake
TMT General Partner, on the other hand, is a more recent investor in the company.
The firm opened a position in the Chinese automaker in the final quarter of 2024, with nearly 17.4 million shares, worth $205.5 million at the time.
TMT nearly doubled its holdings between January and March, finishing the first quarter with 32.7 million shares.
The position was then adjusted in the following quarter, when it cut 7 million shares — 22% of the stake.
The firm reported a slight trim in its holdings by the end of September, as it sold 115,080 shares — before the final decrease of over 15 million as the year finished.
Year over year, TMT General Partner’s position in XPeng has decreased by 2 million shares.
Institutional Ownership
XPeng’s institutional ownership peaked in late 2021, with over 260 million shares held collectively. The figures have since halved in the past four years.
According to Nasdaq, XPeng has 278 institutional shareholders — holding over 117 million shares combined.
Alibaba Group remained its largest institutional investor, with over 33.5 million shares worth $566.1 million.
As of Friday, several institutions have yet to disclose their fourth quarter 2025 portfolio updates with the US Securities and Exchange Commission (SEC).
Yong Rong Asset Manager entered the top 20 largest institutions with a stake in the company late last year, purchasing nearly 1.6 million shares in the automaker.
The stake is currently worth $26.8 million.
BNP Paribas, which ranked as one of the top ten investors, has trimmed its position of over 3 million shares by 70% to just 957,838 shares — after having sold 2.2 million in the final quarter of the year.
