Cathie Wood Portfolio: 5 Biggest Losers

3. Berkeley Lights, Inc. (NASDAQ:BLI)

Number of Hedge Fund Holders: 18

Year-to-Date Decline in Share Price: 77%

Berkeley Lights, Inc. (NASDAQ:BLI) is a digital cell biology company. Securities filings show that ARK Investment Management owned 8.5 million shares in the company at the end of the third quarter of 2021 worth $166 million, representing 0.39% of the portfolio. 

Morgan Stanley analyst Tejas Savant recently lowered the price target on Berkeley Lights, Inc. (NASDAQ:BLI) stock to $36 from $66 and kept an Equal Weight rating, noting the lowered guidance numbers in the third quarter earnings report of the firm were “no surprise”. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Two Sigma Advisors is a leading shareholder in Berkeley Lights, Inc. (NASDAQ:BLI) with 1.1 million shares worth more than $23 million.