The Assenagon exit is the only material signal in this cluster — a $19M full liquidation by a single active manager. With the 45-day reporting lag, the selling likely occurred weeks ago. Monitor upcoming 13F filings for follow-on selling or new accumulation by other funds. The small buyer activity is negligible and does not offset the exit.
Executive Summary
NIO's 2026-Q3 institutional 13F cluster shows a stark divergence: two small asset managers modestly added positions (net +$292K), while three sellers — led by Assenagon's full exit of a $19M stake — drove aggregate net selling of -$18.7M. The cluster is dominated by a single large exit, making the net direction bearish despite the buyer count. The 45-day reporting lag means these positions are stale; the selling signal may already be priced in.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$18.7M
▲ Buyers (2)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Vontobel Holding | DOUBLED | +100.5% | $1.0M | $277.0K |
| Td Waterhouse Canada | ADD | +62.4% | $156.0K | $16.0K |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | EXIT | -100% | $19.0M | -$19.0M |
| Nisa Investment Advisors | TRIM | -55.7% | $2.0K | -$1.0K |
| Assetmark | TRIM | -41.5% | $15.0K | -$9.0K |
Key Facts
- Aggregate institutional activity: 2 buyers (net +$292K) vs 3 sellers (net -$19.0M) = net -$18.7M
- Assenagon Asset Management fully exited a $19.0M position (3.76M shares) — the dominant signal in the cluster
- Vontobel Holding doubled its stake to 305.1K shares ($1.0M), the largest buyer by value
- Td Waterhouse Canada added 62.4% to a small $156K position
- Two other sellers (Nisa Investment Advisors, Assetmark) trimmed negligible sub-$15K positions
Financial Impact
Net institutional selling of $18.7M, driven entirely by Assenagon's full $19.0M exit. Buyer activity was trivial at $292K combined.
Risk Factors
- 13F data is 45+ days stale; the Assenagon exit may have already been fully absorbed by the market
- Small sample size (2 buyers, 3 sellers) limits statistical significance
- No insider buying corroboration to offset the institutional selling signal
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-NIO-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $3.31 $3.29 | ▲ +0.60% | ▲ +0.08% | — |
Oct 2, 2026 25d ago | 6-K | $3.37 $3.42 | ▼ −1.48% | ▼ −0.81% | — |
Oct 1, 2026 26d ago | Press Release | $3.40 $3.37 | ▼ −0.88% | ▼ −1.62% | — |
Sep 28, 2026 29d ago | 6-K | $3.59 $3.40 | ▼ −5.29% | ▼ −5.11% | — |
Sep 27, 2026 29d ago | Press Release | $3.59 $3.40 | ▼ −5.29% | ▼ −5.11% | — |
Sep 1, 2026 8w ago | 6-K | $4.06 $3.86 | ▼ −4.93% | ▼ −5.37% | — |
Sep 1, 2026 8w ago | 6-K | $4.06 $3.86 | ▼ −4.93% | ▼ −5.37% | — |
Sep 1, 2026 8w ago | 6-K | $4.06 $3.86 | ▼ −4.93% | ▼ −5.37% | — |
Sep 1, 2026 8w ago | Press Release | $4.06 $3.86 | ▼ −4.93% | ▼ −5.37% | — |
Aug 20, 2026 9w ago | 6-K | $4.53 $4.63 | ▲ +2.21% | ▲ +1.80% | — |
US Market Status
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