5 Best Stocks To Buy and Hold For 5 Years: Cathie Wood’s Picks

2. Invitae Corporation (NYSE:NVTA)

After Cathie Wood’s interview with Bloomberg, the shares of gene editing stocks like Editas Medicine (EDIT) and Intellia Therapeutics, Inc. (NTLA) popped even though these stocks weren’t among Cathie Wood’s top 10 holdings. Wood’s second large position, Invitae, which is a medical genetics company, didn’t see a similar bump in its shares at all. In fact, NVTA shares lost 20% of their value in December.

Cathie Wood had more than $1.2 billion invested in NVTA shares at the end of September. Healthcare hedge funds Baker Bros and Casdin Capital also had large positions in NVTA at the end of September. NVTA is intentionally losing a ton of money to undercut its rivals and become the “runaway leader in genetics across all areas of healthcare” by gathering a massive database of customer tests.