Nio Inc (NIO)

[Tha Part Time Er]

6. NIO Limited (NYSE: NIO)

Number of Hedge Funds: 34

Value of Hedge Fund Holdings: $2.6 billion

Often called the "Tesla of China," NIO Limited is currently making waves in the electric vehicle market. The company was able to deliver $628 million in revenue and sold 12,000+ units in the third quarter of 2020. In 2020, the company saw a double-digit YoY growth in earnings for 8 consecutive months.

As of the end of the fourth quarter, 34 hedge funds in Insider Monkey’s database of 887 funds held stakes in NIO Limited, compared to 35 funds in the third quarter. D.E. Shaw is the biggest stakeholder in the company, with 15.4 million shares, worth $751 million.