NIO INC

NIO Inc (NIO), the Shanghai-based premium electric-vehicle manufacturer operating in the most competitive EV market on earth, entered 2026 with an institutional ownership base that quietly reconstructed itself during the first quarter: the register's top-10 holdings all show up as brand-new positions established during Q1 2026 — no prior quarter comparison data is available to contextualize the change, which means the $1.9 billion book carried across 421 holders is the product of a full cohort turnover in a single reporting window. The single largest addition in the file is Susquehanna International Group, the options-and-systematic quant shop, which opened a new $278 million position at 46 million shares — by far the most capital deployed in the file and a signal that Susquehanna sees vol-and-liquidity characteristics in NIO that justify a large, structured inventory. Jane Street, another quant market maker, opened a $118 million position; LMR Partners (a China-focused relative-value and event-driven manager) added$134 million; UBS opened$111 million; Wolverine Asset Management$100 million; Morgan Stanley$89 million; Renaissance Technologies$87 million; Bank of America$86 million; BNP Paribas$85 million; and Goldman Sachs$83 million. Among the systematic-and-quant cohort, Point72 opened$40 million, Two Sigma$80 million, Parallax Volatility$28 million, and Walleye Trading $23 million. All of these entries occurred concurrently and at the same moment the register appeared to be at zero prior-quarter share count for its top names — meaning the precise direction (whether this is genuinely new buying, or a filing re-organization that re-ordered the register) cannot be determined without additional cross-quarter context. For the summary, the signal direction is net constructive on the question of whether institutional money is rotating INTO Chinese EV, but the share-count baseline makes it impossible to separate Q1 flows from the portfolio effects of a reporting-period realignment.