Cathie Wood Portfolio: 5 Biggest Losers

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In this article, we discuss the 5 biggest losers in the stock portfolio of Cathie Wood. If you want to read our detailed analysis of these stocks, go directly to Cathie Wood Portfolio: 10 Biggest Losers.

5. Skillz Inc. (NYSE:SKLZ)

Number of Hedge Fund Holders: 18    

Year-to-Date Decline in Share Price: 51%

Skillz Inc. (NYSE:SKLZ) operates as a technology firm with core interests in the interactive games and entertainment business. Regulatory filings show that ARK Investment Management owned 18.8 million shares in the company at the end of the third quarter of 2021 worth over $184 million, representing 0.44% of the portfolio. 

On November 4, investment advisory Canaccord lowered the price target on Skillz Inc. (NYSE:SKLZ) stock to $18 from $23 but kept a Buy rating, noting that investors were still looking for “improvement” in user growth of the firm. 

At the end of the third quarter of 2021, 18 hedge funds in the database of Insider Monkey held stakes worth $432 million in Skillz Inc. (NYSE:SKLZ), down from 20 in the previous quarter worth $1.1 billion.

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