Cathie Wood is Selling These 5 Stocks in 2023

In this article, we will take a look at Cathie Wood selling these 5 stocks in 2023. To see more such companies, go directly to Cathie Wood is Selling These 12 Stocks in 2023.

5. XPeng Inc. (NYSE:XPEV)

Number of Hedge Fund Holders: 20

Cathie Wood’s ARK had owned 996,000 shares of Chinese EV company XPeng Inc. (NYSE:XPEV) in the fourth quarter of 2022. The fund sold almost its entire stake in XPeng Inc. (NYSE:XPEV) in the first quarter, retaining just 297 shares of the company. XPeng Inc. (NYSE:XPEV) has lost about 57% over the past one year.

As of the end of the fourth quarter of 2022, 17 hedge funds had stakes in XPeng Inc. (NYSE:XPEV). The total worth of these hedge funds’ stakes was $171 million.