Below is the list of 5 stocks Jim Cramer and Cathie Wood love the most. For a comprehensive list and detailed analysis please see 10 Stocks Jim Cramer and Cathie Wood Love the Most.
5. Twilio Inc. (NYSE:TWLO)
Ark Investment Management’s Stake Value: $1.46 billion
Ark Investment Management’s 13F Portfolio: 2.72%
Number of Hedge Fund Holders: 98
Twilio Inc. (NYSE:TWLO)’s stock price is up 5% year to date following a stunning rally during the pandemic year. Jim Cramer says Twilio Inc. (NYSE:TWLO) looks attractive.
Twilio Inc. (NYSE:TWLO) was in 98 hedge funds’ portfolios at the end of the second quarter of 2021. Our calculations also showed that TWLO ranked 21st among the 30 most popular stocks among hedge funds (click for Q2 rankings).
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.”
3. Square, Inc. (NYSE:SQ)
Ark Investment Management’s Stake Value: $1.95 billion
Ark Investment Management’s 13F Portfolio: 3.63%
Number of Hedge Fund Holders: 94
Square, Inc. (NYSE:SQ) is among the stocks Jim Cramer and Cathie Wood love the most. Shares of the payment firm jumped 19% this year.
Square, Inc. (NYSE:SQ) has seen an increase in activity from the world’s largest hedge funds recently. Square, Inc. (NYSE:SQ) was in 94 hedge funds’ portfolios at the end of June. Our calculations also showed that SQ ranked among the 30 most popular stocks among hedge funds (click for Q2 rankings).
2. Roku, Inc. (NASDAQ:ROKU)
Ark Investment Management’s Stake Value: $2.1 billion
Ark Investment Management’s 13F Portfolio: 4.04%
Number of Hedge Fund Holders: 61
Roku, Inc. (NASDAQ:ROKU) is the third-largest stock holding of Ark Investment Management, according to the latest filings. Jim Cramer also suggested investors buy Roku stock following the latest selloff.
Roku, Inc. (NASDAQ:ROKU) was in 61 hedge funds’ portfolios at the end of June compared to 63 positions in the prior quarter.
1. Tesla, Inc. (NASDAQ:TSLA)
Ark Investment Management’s Stake Value: $3.69 billion
Ark Investment Management’s 13F Portfolio: 6.85%
Number of Hedge Fund Holders: 60
Tesla, Inc. (NASDAQ:TSLA) is the largest stock holding of Cathie Wood’s portfolio.
The number of long hedge fund positions went down by 2 lately. Tesla Inc. (NASDAQ:TSLA) was in 60 hedge funds’ portfolios at the end of June compared to 62 positions in the previous quarter.
You can also take a peek at the Billionaire Ray Dalio is Buying These 10 Stocks and 10 Best Stocks to Buy for the Next Ten Years.
