• 162
  • 18
  • 1

This World's Largest Hedge Fund Buys More Nio, XPeng Shares In Q2, Takes Fresh Positions In 2 U.S. EV Startups

Benzinga2022-08-12

ZINGER KEY POINTS

  • Ray Dalio's Bridgewater adds more shares of Nio and Xpeng in the second quarter.
  • Bridgewater more than doubles its stake in Ford to 4.62 million shares.

Ray Dalio-founded hedge fund Bridgewater Associates may have disposed of its entire holdings in most Chinese tech stocks, but it still swears by the country's electric vehicle startups.

What Happened: Bridgewater added to its positions in Nio Inc ADR and XPeng Inc - ADR, a 13F filing by the fund revealed. Although the nearly 50-year-old firm took some money off the table by selling a small stake in Li Auto Inc, it still has a significant position in the company.

Here are Bridgewater's positions at the end of the second quarter:

Nio:5.53 million (up from 5.32 million in the first quarter)

XPeng: 2.16 million (up from 2.15 million in the first quarter)

Li Auto: 3.27 million (down from 3.36 million in the first quarter)

U.S. EV Holdings: Bridgewater took fresh positions in two U.S. EV startups. The firm bought 62,818 shares of Rivian Automotive Inc and 285,791 shares of Lucid Group Inc.

Incidentally, the firm does not own any stock in market leader Tesla Inc.

Bridgewater also doubled down on Ford Motor Company. At the end of the second quarter, it had 4.62 million Ford shares, up from 2.2 million at the end of the first quarter.

Bridgewater is the world's largest hedge fund, with about $150 billion in assets under management.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment18

  • Jalopy88
    ·2022-08-16
    👍
    Reply
    Report
  • Looyusooi
    ·2022-08-14
    Ok
    Reply
    Report
  • Tanyl
    ·2022-08-13
    Invest NIO is better
    Reply
    Report
  • hkwan
    ·2022-08-13
    5
    Reply
    Report
    Fold Replies
    • JackTL
      nice
      2022-08-14
      Reply
      Report
  • hphoa
    ·2022-08-13
    Gd
    Reply
    Report
    Fold Replies
    • hkwan
      k
      2022-08-13
      Reply
      Report
  • Mindthink
    ·2022-08-12
    Ok
    Reply
    Report
  • andrew123
    ·2022-08-12
    Like 
    Reply
    Report
    Fold Replies
  • skylander
    ·2022-08-12
    Nice
    Reply
    Report
  • Kujo
    ·2022-08-12
    Ok great!
    Reply
    Report
  • Bustylibra
    ·2022-08-12
    All the way 
    Reply
    Report
    Fold Replies
  • ycwoo
    ·2022-08-12
    k
    Reply
    Report
  • BenjiFuji
    ·2022-08-12
    Wow. Bold bet
    Reply
    Report
    Fold Replies
    • Calvinq
      🚀
      2022-08-12
      Reply
      Report
  • 蒋小鱼
    ·2022-08-12
    Thanks for sharing
    Reply
    Report
    Fold Replies
  • Jalopy88
    ·2022-08-12
    Why does world largest hedge fund bought in NiO Xpev? Something big coming up? 🤔
    Reply
    Report
  • blessed_1
    ·2022-08-12
    Reply
    Report
  • Adren
    ·2022-08-12
    Ok
    Reply
    Report
    Fold Replies
    • ycwoo
      k
      2022-08-12
      Reply
      Report
  • Dirsett
    ·2022-08-12
    did Bridgewater buy BYD?
    Reply
    Report
  • zero79
    ·2022-08-12
    88
    Reply
    Report
    Fold Replies
    • Adren
      Ok
      2022-08-12
      Reply
      Report

7x24