Ark Invest Stock Portfolio: 5 Biggest Positions

In this article, we discuss the 5 biggest positions in the ARK Invest portfolio. If you want to read about some more stocks in the ARK Invest portfolio, go directly to Ark Invest Stock Portfolio: 15 Biggest Positions.

5. UiPath Inc. (NYSE:PATH)

Number of Hedge Fund Holders: 26    

UiPath Inc. (NYSE:PATH) provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. ARK Investment Management has 44 million shares worth $559.9 billion in UiPath Inc. (NYSE:PATH) which makes about 5.85 % of its total investment. On December 1, UiPath Inc. posted their earnings for the fourth quarter, reporting earnings per share of $0.05, beating analyst estimates by $0.06. The company’s revenue was $262.74 million, beating analyst estimates by $6.81 million.

On January 10, Barclays analyst Raimo Lenschow maintained an Equal Weight rating on UiPath (NYSE: PATH) stock and reduced the price target from $15 to $13, noting the high estimates for US software in 2023 despite macroeconomic headwinds. 

At the end of the third quarter of 2022, 26 hedge funds in the database of Insider Monkey held stakes worth $993.6 million in UiPath Inc. (NYSE:PATH), compared to 24 in the previous quarter worth $1.3 billion.

In its Q1 2022 investor letter, ClearBridge Investment, an asset management firm, highlighted a few stocks and UiPath Inc. (NYSE:PATH) was one of them. Here is what the fund said:

“Over the last three months, we similarly exited UiPath Inc. (NYSE:PATH) due to a change to our original thesis as we believe a new go-to-market strategy for its automation software could impact near-term execution. While we think process automation is a growing market, in a slowing macro environment single solution may be more vulnerable than the platform solutions of software providers who can bundle products to meet a wide range of needs. In addition, the company has a material component of sales sourced in Europe where the economy is more vulnerable.”