Largest public pension fund in US increased holdings in Li Auto by 19% in Q2

 

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The California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US with $470 billion in assets under management, kept its positions in NIO and XPeng Motors largely unchanged in the second quarter, while significantly increases holdings of Li Auto.

The fund held 2,466,961 shares of NIO’s US-traded ADRs at the end of the second quarter, down 3% from the previous quarter, according to a Form 13F. The holdings in NIO were valued at $53.58 million, largely unchanged from $53.54 million three months earlier.

The pension fund held 975,106 shares of XPeng’s ADRs at the end of the second quarter, up 0.92% from the previous quarter and the value of the holdings was about $30.95 million, an increase 16% from three month earlier.

The fund held 958,705 shares of Li Auto at the end of the second quarter, up 19% from the first quarter. The holdings were worth about $36.7 million, jumping 76%, from the previous quarter.

During the second quarter, share prices of NIO was up 3%, XPeng up 15% and Li Auto up 48%.