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Hedge funds raised their investment in NIO stock by 30% in Q4

While 79 hedge funds disclosed a stake in NIO, the same amount as during Q3, total shares owned increased by 30% to 59.85 million.
  • Voloridge Investment Management purchased 8.11 million shares of Nio in Q3.
  • HSBC bought 3.99 million shares.
  • Point72 bought 3.71 million shares.
  • Millennium Management bought 2.27 million shares
  • Jane Street bought 2.01 million shares.

Nio’s fourth-quarter earnings showed improvements in various metrics, although the company remains unprofitable with slowing revenue growth. Vehicle revenue grew by 4.6% year-over-year to $2.17 billion, deliveries increased by 25% to 50,045, and vehicle margins rose to 11.9% from 6.8%. The net loss was $756 million compared to $800 million a year ago.

In Q4, 468 13F filers disclosed a stake in Nio, an increase of nine filers from the previous quarter, owning a total of 415.61 million shares, up by 1.6% from Q3. CYVN Investments is the largest shareholder with 418.83 million shares.

Hedge funds, a subset of institutional investors, were more bullish on Nio. While 79 hedge funds disclosed a stake in the company, the total shares owned increased by 30% to 59.85 million.

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