NIO Inc. (NIO) is a China-based electric car (EV) producer. The company focuses on smart cars that utilize connectivity technology, artificial intelligence, and autonomous driving capabilities. NIO also provides maintenance, charging stations and equipment, insurance, and similar products related to its electric vehicles.
The top institutional shareholders of NIO are Originalwish Ltd., Tencent Holdings Ltd., Baillie Gifford & Co., BlackRock Inc. (BLK), and Vanguard Group Inc. Because NIO is a foreign company, it doesn’t file Form 4s for its individual insider shareholders. Below, we focus on NIO’s biggest institutional shareholders.
As of April 15, NIO had 1-year trailing net income of -$813.7 million and net revenue over the same period of $2.4 billion. The company’s market capitalization is $58.3 billion.
“Insider” refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company’s stock. In this context, it has nothing to do with insider trading.
Approximately 544 institutional investors own shares of NIO, with about 14 of those shareholders including NIO stock as a top 10 holding in their portfolios. Institutional investors own about 30.7% of all outstanding NIO shares. Investment managers with at least $100 million in assets under management (AUM) must file a 13F form each quarter. An individual or group that acquires more than 5% of a company’s shares must file within 10 days of the transaction a 13D form, or in certain cases the simpler 13G form. Any investor filing one of these forms is considered an institutional investor.
Originalwish owns about 174.5 million shares of NIO, representing 13.5% of shares outstanding, according to a 13G filing for Dec. 31, 2020. Originalwish is a company incorporated in British Virgin Islands that’s wholly owned by William Li (also known as Li Bin), the founder and chief executive officer (CEO) of NIO. Li is currently ranked #476 on the Forbes billionaires list, with a net worth of roughly $5.5 billion.
Tencent Holdings owns about 164.2 million shares of NIO stock, representing 12.7% of shares outstanding, according to a 13D filing for March 2, 2021. Tencent is a China-based multinational technology holding company whose subsidiaries provide social networking, e-commerce, mobile games, Internet services, payment systems, entertainment, and more. The company also maintains a portfolio of equity securities. NIO is one of its top 10 holdings.
Baillie Gifford & Co. owns 107.9 million shares of NIO stock, representing about 8.4% of shares outstanding, according to a 13F filing for the period ending Dec. 31. Baillie Gifford manages a diverse set of mutual funds and has more than $445 billion in AUM across a range of asset classes. The Baillie Gifford International Growth Fund is one of its largest funds. NIO represents about 1.8% of the fund’s portfolio.
BlackRock owns about 61.5 million shares of NIO stock, representing about 4.8% of shares outstanding, according to a 13F filing for the period ending Dec. 31. The company is primarily a mutual fund and ETF management company with approximately $8.7 trillion in AUM. BlackRock’s iShares Core MSCI Emerging Markets ETF (IEMG) holds NIO. NIO represents about 0.5% of the fund’s portfolio.
Vanguard Group owns about 39.7 million shares of NIO stock, representing about 3.1% of shares outstanding, according to a 13F filing for the period ending Dec. 31. The company is primarily a mutual fund and ETF management company with about $7.2 trillion in global AUM. The Vanguard FTSE Emerging Markets ETF (VWO) holds NIO. NIO represents 0.6% of the fund’s portfolio.