In this article, we discuss 5 technology stocks to sell now according to Cathie Wood. If you want to read our detailed analysis of these stocks, go directly to 10 Technology Stocks to Sell Now According to Cathie Wood.
5. Silvergate Capital Corporation (NYSE:SI)
Number of Hedge Fund Holders: 37
Percentage Decrease in Stake in Q4: 34%
Silvergate Capital Corporation (NYSE:SI) is a bank holding firm with extensive interests in the fintech sector. It is one of the top fintech stocks in the finance world. Among the hedge funds being tracked by Insider Monkey, Virginia-based investment firm EJF Capital is a leading shareholder in Silvergate Capital Corporation (NYSE:SI), with 641,796 shares worth more than $95 million.
Latest data shows that ARK owned 409,509 shares of Silvergate Capital Corporation (NYSE:SI) at the end of December 2021, worth over $60 million. Wood had first bought a stake in the firm during the fourth quarter of 2019.