Cathie Wood is Buying These 5 Stocks

4. Invitae Corporation (NYSE:NVTA)

ARK Investment Management’s Stake Value: $736,845,000

ARK Investment Management’s 13F Portfolio: 1.76%

Number of Hedge Fund Holders: 31

Invitae Corporation (NYSE:NVTA) is a California-based DNA testing company. The company has provided over 2 million genetic testing services since its inception in 2010. 

Latest filings show that the hedge fund managed by Cathie Wood owned over 25.9 million shares of Invitae Corporation (NYSE:NVTA) at the end of the third quarter of 2021 worth $737 million, representing 1.76% of the portfolio. ARK Investment Management has upped its stake in the stock by 22% between June and September.

Dan Leonard of Wells Fargo maintained an Equal Weight rating on Invitae Corporation (NYSE:NVTA) on November 9 with a price target of $25 per share.