5 Worst Stock Picks of Cathie Wood

2. AquaBounty Technologies, Inc. (NASDAQ:AQB)

Number of Hedge Fund Holders: 6 

Decline in Share Price in 2021: 83%

AquaBounty Technologies, Inc. (NASDAQ:AQB) is a biotech firm focused on the aquaculture industry. ARK owns more than 6 million shares in AquaBounty Technologies, Inc. (NASDAQ:AQB) worth over $25 million, representing 0.06% of the portfolio. The fund first bought a stake in the company in the first quarter of 2021, steadily increasing that position over the next few years. However, in 2021, Wood offloaded a portion of that stake in each of the first three quarters. 

The hedge fund sentiment around AquaBounty Technologies, Inc. (NASDAQ:AQB) is not overly bullish either. At the end of the third quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $27 million in AquaBounty Technologies, Inc. (NASDAQ:AQB), up from 4 in the preceding quarter worth $41 million.