5 China Stocks in Ray Dalio’s Portfolio

4. Li Auto Inc. (NASDAQ:LI)

Number of Hedge Fund Holders: 28

Li Auto Inc. (NASDAQ:LI) was founded in 2015 and is headquartered in Beijing, China. The company develops and manufactures new energy vehicles in the People’s Republic of China. Ray Dalio’s Bridgewater Associates owned 3.26 million shares of Li Auto Inc. (NASDAQ:LI) in the second quarter of 2022, worth more than $125 million, representing 0.53% of the total holdings. Li Auto Inc. (NASDAQ:LI) is looking to build an industrial park for auto parts in the Jiangsu province of China. 

On August 29, Morgan Stanley analyst Tim Hsiao maintained an Overweight rating and a $53 price target on Li Auto Inc. (NASDAQ:LI) shares. The analyst said that Li Auto Inc. (NASDAQ:LI)’s August delivery of L9 SUVs will be delayed due to power shortages in Sichuan and a “production hiccup” in its range extension system. 

According to Insider Monkey’s data, 28 hedge funds were bullish on Li Auto Inc. (NASDAQ:LI) at the end of June 2022, with collective stakes worth $1.40 billion. Chase Coleman’s Tiger Global Management is the biggest stakeholder of the company, with 12.8 million shares worth $490 million.