5 Worst Stock Picks of Cathie Wood in 2022

4. XPeng Inc. (NYSE:XPEV)

Negative Percentage Change From 52 Week High: 74.59%

Number of Hedge Fund Holders In Q3 2022: 20

XPeng Inc. (NYSE:XPEV) is a Chinese company that makes and sells electric cars. These include family and sports sedans as well as sport utility vehicles (SUVs). The company is based in Guangzhou, China.

XPeng Inc. (NYSE:XPEV) is broadening its horizon, as it announced in February 2023 that it is launching its G9 SUV and P7 sedans in Europe. Insider Monkey studied 920 hedge fund holdings for last year’s September quarter and found out that 20 had bought XPeng Inc. (NYSE:XPEV)’s shares.

XPeng Inc. (NYSE:XPEV)’s largest investor is Jim Simons’ Renaissance Technologies which owns 6.3 million shares that are worth $75 million.

Follow Xpeng Inc. (NYSE:XPEV)