5 Best Stocks to Buy in 2021 According to Cathie Wood

3. Square, Inc. (NYSE: SQ)

Number of Hedge Fund Holders: 89

Square, Inc. (NYSE: SQ) is a California-based digital payments firm that is placed third on our list of 10 best stocks to buy in 2021 according to Cathie Wood. It was founded in 2009. Wood, through Ark Investment Management, holds close to 11 million shares in the company worth over $2.4 billion. Square stock has returned more than 151% to investors in the past year. The company has seen share price fall in recent weeks as heavy investments in crypto have caused a chain reaction around the industry. 

Square, Inc. (NYSE: SQ) announced on May 17 that it was raising $2 billion principal amount of senior notes in two series in a private placement. The company said the funds raised would be used for general corporate purposes. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm ARK Investment Management is a leading shareholder in Square, Inc. (NYSE: SQ) with 10 million shares worth more than $2.4 billion.