XPeng (XPEV)

XPeng showroom
Andy Feng/Shutterstock

If you follow Wood, you might know that her company has sold some Tesla shares recently. But that doesn’t mean she’s turning bearish on the electric vehicle (EV) industry.

For one, Tesla remains the largest holding at Ark Invest. At the same time, Wood has started a new position in another EV stock: XPeng.

XPeng is a U.S.-listed Chinese EV maker based in Guangzhou. It went public in August 2020 with an IPO price of $15. Thanks to the market’s huge appetite for EV stocks over the past year, XPeng shares have climbed to over $40 apiece.

Earlier this month, on Dec. 2, Ark Invest bought 277,263 shares of XPeng. Five days later, it added another 254,601 shares to its portfolio.

The automaker is rapidly ramping up production. In Q3, XPeng delivered 25,666 EVs, representing a 199.2% increase year-over-year and marking a new quarterly record.

Meanwhile, total revenue jumped 187.4% year-over-year to $887.7 million for the quarter.

Robinhood Markets (HOOD)

Robinhood app
Ink Drop/Shutterstock

Though the company’s shares tumbled more than 40% over the past month, Wood sees the fall as a “buy the dip” opportunity.

On Monday, Ark Invest picked up 260,791 shares of Robinhood, which is known for its commission-free stock trading platform.

While Robinhood stock is far from a hot commodity at the moment, its business isn’t doing too badly.

In Q3, revenue grew 35% year-over-year to $365 million, fueled by a 32% increase in transaction-based revenue. Monthly active users reached 18.9 million in the quarter, compared to 10.7 million in the year-ago period.

The company also appeals to the growing cryptocurrency community. While many exchanges charge up to 4% in commission just to buy and sell crypto, Robinhood charges 0%.

And Robinhood will be launching a crypto wallet soon.

“More than one million people have joined our crypto wallets waitlist to date,” said co-founder and CEO Vlad Tenev in the company’s latest earnings release.

UiPath (PATH)

UiPath site
T. Schneider/Shutterstock

Here’s another stock Wood bought on a recent pullback.

This company based in Bucharest, Romania, provides software to help organizations automate their business processes.

Ark Invest first bought shares of UiPath when it began trading on the NYSE in April 2021 and has since added to that position.

On Monday, Ark Invest snapped up another 303,708 shares of the company.

UiPath reported earnings last week. In the fiscal quarter ended Oct. 31, revenue increased 42% year-over-year to $220.8 million.

Its annualized renewal run-rate — that is, the amount of revenue the company expects to generate in a year, given the renewal status of its products — totaled $818.4 million for the quarter, up 58% from a year ago.

Despite posting impressive growth rates, UiPath shares slipped nearly 40% over the past six months. Wood clearly sees value, but if you don’t feel comfortable picking individual winners and losers, you can always build a diversified portfolio automatically using your “spare change.”

Looking beyond the stock market

UiPath site
T. Schneider/Shutterstock

Ark Invest’s recent history is a reminder that stocks don’t go up in straight lines, and even Wall Street experts aren’t right 100% of the time.

Diversification is key — and you don’t have to stay in the stock market to get it.

If you want to invest in something insulated from stock market swings, take a look at some lesser-known alternative assets.

Traditionally, investing in things like exotic vehicles or multi-family apartments or even litigation finance have only been options for the ultrarich, like Wood.

But with the help of new platforms, these kinds of opportunities are now available to retail investors, too.

About the Author

Jing Pan

Jing Pan

Reporter

Jing is an investment reporter for MoneyWise. Prior to joining the team, he was a research analyst and editor at one of the leading financial publishing companies in North America. An avid advocate of investing for passive income, he wrote a monthly dividend stock newsletter for the better half of the past decade. Jing holds a Master’s Degree in Economics and an Honours Bachelor of Science Degree, both from the University of Toronto.

You May Also Like

4 Ways to Earn Big Returns in 2022 Without the Shaky Stock Market

Don't limit yourself to the stock market. These alternatives can trounce the S&P 500.

4 Alternative Ways to Diversify Your Portfolio as an Accredited Investor

Bolster your portfolio against stock market volatility.

Want to Earn Big Returns Without the Shaky Stock Market? Try Art

Art investment is no longer reserved for the wealthy

Do Big Stores Save You the Most? We Price-Check Our Shopping List

With one 30-second trick, we found $460 in savings beyond Walmart and Amazon.