Ark Invest Stock Portfolio: Top 5 Picks

3. Coinbase Global, Inc. (NASDAQ:COIN)

Cathie Wood & Ark Invest’s Q3 2023 Investment: $796 million

Number of Hedge Fund Investors In Q2 2023: 27

Coinbase Global, Inc. (NASDAQ:COIN) is one of the biggest cryptocurrency exchanges in the world. The firm’s shares have soared by nearly 7% during the five days ending on November 10 2023 due to a rise in Bitcoin’s price.

Insider Monkey’s second quarter of 2023 survey covering 910 hedge funds revealed that 27 had bought and owned Coinbase Global, Inc. (NASDAQ:COIN)’s shares. ARK Investment Management was the biggest investor among these as it owned $867 million worth of shares.

Follow Coinbase Global Inc.