Ark Invest Stock Portfolio: Top 5 Picks

2. UiPath Inc. (NYSE:PATH)

Cathie Wood & Ark Invest’s Q3 2023 Investment: $809 million

Number of Hedge Fund Investors In Q2 2023: 28

UiPath Inc. (NYSE:PATH) is a software company that provides automation and artificial intelligence products and services. Given that AI is one of Ark’s most favored innovative sectors, it’s unsurprising that UiPath Inc. (NYSE:PATH) is the second biggest Ark Investment stock pick during the third quarter of 2023.

In the prior quarter, 28 out of the 910 hedge funds surveyed by Insider Monkey had invested in the company. UiPath Inc. (NYSE:PATH)’s largest hedge fund shareholder in Q2 2023 was ARK Investment Management as it owned 48.2 million shares that are worth $800 million.

Follow Uipath Inc.