Ark Invest Stock Portfolio: Top 5 Picks

3. Unity Software Inc. (NYSE:U)

Number of Hedge Fund Holders: 29

Weight as of September 27: 5.32%

Unity Software Inc. (NYSE:U) ranks third on the list of Ark Invest’s top 10 stock picks. The San Francisco-based tech company offers software solutions used in creating video games, animation, and 3D data.

On August 24, Unity Software Inc. (NYSE:U) announced the completion of its acquisition of OTO, an artificial intelligence chatbot that analyzes online multiplayer gaming discussions for potential harmful conduct.

According to the latest data from ARK Investment Management LLC, the hedge fund owned 7.88 million shares of Unity Software Inc. (NYSE:U) worth $1.12 billion as of September 27, 2021, accounting for 5.28% of the Ark Innovation ETF (NYSEARCA: ARKK).

In the second quarter of 2021, Unity Software Inc. (NYSE:U) reported an EPS of -$0.02, beating estimates by $0.10. The company’s second quarter-quarter revenue grew 48% year over year to $273.56 million and beat revenue estimates by $30.82 million.

At the end of the second quarter of 2021, 29 hedge funds in the database of Insider Monkey held stakes worth $7.26 billion in Unity Software Inc. (NYSE:U), down from 39 in the preceding quarter worth $6.69 billion.