On May 4, 2026, Yong Rong (HK) Asset Management Ltd sold out of XPeng (XPEV +5.87%), exiting 1,588,000 shares in an estimated $29.47 million trade based on quarterly average pricing.
What happened
According to a recent SEC filing dated May 4, 2026, Yong Rong (HK) Asset Management Ltd exited its entire holding in XPeng, selling 1,588,000 shares. The estimated transaction value was $29.47 million, calculated using the average closing price for the quarter. The net position change, factoring in both trading activity and price movement, was a decrease of $32.20 million.
What else to know
Sold out of XPeng; post-trade stake is zero and represents none of the fund’s 13F AUM.
Top holdings after the filing:
- NYSE:CRCL: $110.01 million (50.3% of AUM)
- NASDAQ:MU: $45.58 million (20.9% of AUM)
- NYSEMKT:KORU: $19.89 million (9.1% of AUM)
- NASDAQ:SUPX: $17.12 million (7.8% of AUM)
- NASDAQ:SNDK: $12.64 million (5.8% of AUM)
As of May 4, 2026, shares were priced at $15.98, down 19.86% over the past year.
Company overview
| Metric | Value |
|---|---|
| Price (as of market close May 4, 2026) | $15.98 |
| Market capitalization | $15.18 billion |
| Revenue (TTM) | $10.69 billion |
| Net income (TTM) | ($156.47 million) |
Company snapshot
- XPeng develops and manufactures smart electric vehicles, including SUVs (G3, G3i), sports sedans (P7), and family sedans (P5), as well as offering services such as maintenance, supercharging, leasing, insurance, and ride-hailing.
- The company generates revenue primarily through the sale of electric vehicles and a suite of related after-sales and mobility services, leveraging in-house technology and direct sales channels.
- XPeng targets consumers in China seeking advanced, technology-driven electric vehicles, with a focus on urban and tech-savvy customers.
XPeng is a Chinese electric vehicle manufacturer that designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China.
What this transaction means for investors
Yong Rong (HK) Asset Management, a Chinese hedge fund, recently disclosed the sale of its entire position in Xpeng stock during the first quarter (the three months ending on March 31, 2026), a transaction valued at approximately $29.5 million. Here are some key takeaways for investors.
To begin, Xpeng stock has not performed well, despite its growing revenue base. Shares of the EV-maker are down roughly 45% over the last five years, generating a compound annual growth rate (CAGR) of -11%. That’s far below what the benchmark S&P 500 index has delivered, with a total return of 85% and a CAGR of 13.1% over the same five-year period.
Nonetheless, Xpeng bulls will point to the company’s artificial intelligence (AI) initiatives, including smart driving technology, robotics innovations, and even flying cars.
Yet, even with these exciting technologies on the horizon, the company remains unprofitable. Xpeng’s net income has narrowed in recent quarters, but its trailing-12 month net income remains in the red at -$156.5 million.
In summary, Xpeng has an exciting technological pipeline. However, those innovations have not yet translated to consistent profits. Growth-oriented investors should exercise caution.
