Cathie Wood Portfolio: 5 Biggest Losers

4. Proto Labs, Inc. (NYSE:PRLB)

Number of Hedge Fund Holders: 17 

Year-to-Date Decline in Share Price: 65%   

Proto Labs, Inc. (NYSE:PRLB) makes and sells on-demand production parts. In earnings results for the third quarter, posted in late October, the company missed market estimates on earnings per share and revenue by $0.08 and $2 million respectively. 

According to the latest data, ARK Investment Management owned 2.6 million shares in Proto Labs, Inc. (NYSE:PRLB) at the end of September 2021 worth $174 million, representing 0.41% of the portfolio. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Two Sigma Advisors is a leading shareholder in Proto Labs, Inc. (NYSE:PRLB) with 294,200 shares worth more than $19 million. 

In its Q1 2021 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and Proto Labs, Inc. (NYSE:PRLB) was one of them. Here is what the fund said: 

“Shares of Protolabs, a provider of 3D printing and other rapid prototyping and mold machining services for manufacturing, extended their strong performance from last year and soared early in January after the company announced its intention to acquire another on-demand digital manufacturing platform. We took advantage of their runup to sell our position.”