Finance

Cathie Wood invests 37% of her Ark Invest portfolio in these 7 stocks


Cathie Wood follows the old advice of “don’t put all your eggs in one basket” and holds positions in more than 120 stocks across her various Ark Invest funds.

However, the famous investor isn’t as diversified as you might think. Wood invests 37% of his Ark Invest portfolio in these seven stocks.

1.Coinbase Global

Wood’s current top holding is Coinbase Global (NASDAQ: COIN)The cryptocurrency exchange operator’s shares make up nearly 6.9% of its overall Ark Invest portfolio.

Last year, Wood reiterated her prediction: Bitcoin It will eventually reach $1 million. If she’s right, Coinbase should have huge growth prospects in the future. However, Wood has sold millions of Coinbase shares in recent months.

2.Tesla

This may not be surprising Tesla (NASDAQ: TSLA) The electric vehicle (EV) maker is currently her second-largest holding, accounting for 6% of her overall Ark Invest portfolio.

Wood has long been a Tesla bull. In 2023, she claimed that the company “is the world’s largest artificial intelligence opportunity.” Ark Invest released a report last year predicting that Tesla stock could reach $2,000 by 2027 – more than 10 times its current price.

3. Roku

Roku (NASDAQ:ROKU) It is Ark Invest’s third largest holding, accounting for 5.8% of its portfolio.Although Wood sold Streaming Service Inventory recent months.

Is Wood giving up on his passion for Roku? Probably not. Ark Invest’s sell-off may have been driven by a desire to recoup some profits and/or rebalance its portfolio.

4.UiPath

Aside from Tesla, Wood’s most bullish artificial intelligence stock these days may be gone. UiPath (NYSE:PATH)The company is a leader in robotic process automation (RPA) software development and currently accounts for just over 5.6% of Ark Invest’s portfolio.

Ark Invest sees UiPath as part of the “latent wave of AI.” The stock doesn’t get as much attention from investors as the giant “Big Seven” stocks. However, Wood and her Ark Invest team believe UiPath’s RPA technology will have a significant impact. In the next few years, it will enter large enterprises around the world.

5. Block

clogged (NYSE:SQ)Formerly known as Square, it is Wood’s top financial technology stock, accounting for nearly 5.2% of Ark Invest’s total portfolio.

Ark Invest has slightly reduced its holdings in Block since late 2023. Still, Wood believes the company can disrupt the banking industry in the long term.

6. CRISPR therapy

CRISPR therapy (NASDAQ:CRSP) It is the only biotechnology stock to enter Wood’s top seven. Nearly 3.9% of Ark Invest’s portfolio is invested in the gene-editing pioneer.

CRISPR Therapeutics’ first product is now available, thanks to recent regulatory approval of Casgevy for the treatment of sickle cell disease and transfusion-dependent beta thalassemia. Wood certainly has high hopes for the company’s gene-editing programs targeting other diseases, especially cancer.

7.Zoom video communication

Ark Invest has another 3.7% of its funds invested in Zoom video chat (NASDAQ: ZM)The stock has soared during the COVID-19 pandemic lockdowns. However, Wood’s timing was bad: She took a stake in Zoom in the fourth quarter of 2020, when it was near its peak levels. Since then, the stock has plummeted.

However, you can’t say that Wood is a big fan of Zoom, as she increased her holdings of the video communications company’s stock in the fourth quarter of 2023.

best bunch

Which of these top stocks is owned by Cathie Wood? I would choose Bullock.

In a market dominated by stocks with extremely high valuations, Block’s price-to-earnings (PEG) ratio of 0.86 looks attractive to me. I think the company’s two core platforms — Square and Cash App — should have huge growth prospects.

Should you invest $1,000 in Block right now?

Before buying Block stock, consider the following factors:

this Motley Fool Stock Advisor The analytics team has just identified what they believe is 10 Best Stocks Investors can buy now…and Bullock isn’t one of them. The 10 stocks selected could generate huge returns in the coming years.

stock advisor Provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. stock advisor The service has more than tripled the S&P 500’s returns since 2002*.

View 10 stocks

*Stock Advisor returns as of February 5, 2024

Keith Speights The Motley Fool holds and recommends Bitcoin, Block, CRISPR Therapeutics, Coinbase Global, Roku, Tesla, UiPath and Zoom Video Communications. disclosure policy.

Cathie Wood invests 37% of her Ark Invest portfolio in these 7 stocks Originally published by The Motley Fool



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button