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ubs becomes major shareholder in nio after significant share purchase
UBS has significantly increased its stake in Nio, acquiring over 40 million shares in Q4 2024, raising its total holdings to approximately 44 million. Meanwhile, Morgan Stanley also boosted its position by 77.7%, holding over 13.7 million shares, while BlackRock reduced its holdings to 2.08 million shares. Institutional ownership of Nio has hit a five-year low, with Tencent Holdings continuing to decrease its stake.
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