5 Stocks Jim Cramer and Cathie Wood Love the Most

4. Shopify Inc. (NYSE:SHOP)

Ark Investment Management’s Stake Value: $1.79 billion

Ark Investment Management’s 13F Portfolio: 3.30%

Number of Hedge Fund Holders: 85

Jim Cramer and Cathie Wood are bullish over the performance of Canada-based e-commerce company, Shopify Inc. (NYSE:SHOP).

In the second quarter investor letter, Mawer Investment Management mentioned a few stocks including Shopify Inc. (NYSE: SHOP), and discussed its stance on the firm. Here is what Mawer Investment Management stated

“Many higher growth companies reported strong results amid the pick-up in broad economic activity including Shopify. These higher growth companies tend to have increased sensitivity to a change in discount rates and were supported as long-term interest rates stabilized over the period.”