4 Cheap Stocks to Buy According to Cathie Wood

3. Pacific Biosciences of California, Inc. (NASDAQ:PACB)

As of the end of the third quarter of this year, Cathie Wood had a $167 million stake in Pacific Biosciences of California. The growth investor first bought a stake in the gene sequencing company in 2018. She sold her entire position in the company in 2019 before starting to build a large stake in the firm in subsequence years.

As of the end of the second quarter, 18 hedge funds out of the 895 tracked by Insider Monkey reported owning stakes in the company, down from 22 funds a quarter earlier. Billionaire DE Shaw’s hedge fund had an over $10 million stake in the firm as of the end of June.