Cathie Wood Stock Portfolio: 10 Newest Stock Picks This Year

Published October 8, 2021 at 6:39 am EDT Updated September 7, 2026 at 1:00 pm EDT

In this article, we discuss Cathie Wood stock portfolio: 10 newest stock picks this year.

Cathie Wood is a well-known star stock picker who manages disruptive innovation-focused portfolios through her ETFs. Wood founded ARK Investment Management in 2014 and manages a portfolio of more than $53.7 billion in assets with holdings concentrated in blockchain technology, fintech, electric vehicles, genomics, and artificial intelligence.

Wood’s flagship fund, ARK Innovation ETF (NYSEARCA:ARKK), gained 152% in 2020. Some of Wood’s biggest holdings included in ARK Innovation ETF are electric vehicle maker Tesla, Inc. (NASDAQ:TSLA), telemedicine provider Teladoc Health, Inc. (NYSE:TDOC), and TV streaming platform Roku, Inc. (NASDAQ:ROKU).

Cathie Wood is also a long-time bull of bitcoin. On September 6, during a Yahoo Finance interview, Cathie Wood said:

“Bitcoin, in particular, is a new global monetary system. It’s a rules-based monetary policy, which is completely decentralized and therefore is not subject to the whims of policymakers. In fact, it’s a hedge against the whims of policymakers, especially in emerging markets.”

Cathie began her position in cryptocurrency trading platform Coinbase Global, Inc. (NASDAQ:COIN) on April 14, when she purchased $246 million worth of shares in the company’s IPO. According to Cathie Wood’s latest SEC 13F filings, the hedge fund owned 5,617,415 shares of Coinbase Global, Inc. worth $1.42 billion as of August 5, 2021, accounting for 2.64% of ARK Investment Management LLC’s holdings.

Some of the newest stock picks that Cathie Wood added in ARK Investment Management LLC’s holdings in 2021 are biotech companies Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX), Berkeley Lights, Inc. (NASDAQ:BLI), and Verve Therapeutics, Inc. (NASDAQ:VERV). Surprisingly, the hedge fund manager initiated her stakes in entertainment blue-chip stock The Walt Disney Company (NYSE:DIS) and e-commerce platform Etsy, Inc. (NASDAQ:ETSY) this year as well.

Cathie Wood Stock Portfolio: 10 Newest Stock Picks This Year

Our Methodology

We made a list of some of the newest picks of Cathie Wood as of the second quarter of 2021.

We ranked these stocks based on the number of hedge funds having stakes in them, based on our data of over 873 hedge funds.

Why should we pay attention to Cathie Wood’s stock picks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Cathie Wood Stock Portfolio: Newest Stock Picks This Year

10. Robinhood Markets, Inc. (NASDAQ:HOOD)

Number of Hedge Fund Holders: N/A

On July 29, ARK Investment Management purchased 1,297,615 shares of Robinhood Markets, Inc. (NASDAQ:HOOD) on its first day of trading, for a total of $45.2 million. As of September 27, Cathie Wood owns 5,209,663 shares of Robinhood Markets, Inc. worth $233 million, in her flagship fund, ARK Innovation ETF.

On August 23, Rosenblatt analyst Sean Horgan initiated a Buy rating on Robinhood Markets, Inc. with a price target of $55 per share.

On September 22, shares of Robinhood Markets, Inc. rose nearly 11% after the company announced plans to launch crypto wallets with a select group of clients in October.

In the second quarter of 2021, Robinhood Markets, Inc. reported an EPS of $0.18, beating estimates by $0.44. The company’s revenue in the second quarter grew 131% year over year to $565 million and beat revenue estimates by $5.78 million.

9. TuSimple Holdings Inc. (NASDAQ:TSP)

Number of Hedge Fund Holders: 14

Based on Cathie Wood’s SEC 13F filings, the hedge fund owned 6,472,735 shares of TuSimple Holdings Inc. (NASDAQ:TSP) worth $461 million as of August 5, 2021. This represents 0.85% of the total holdings of ARK Investment Management. Cathie Wood started purchasing TuSimple Holdings Inc. stock for two of her ETFs, ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) and ARK Innovation ETF, on April 15, 2021, the same day the San Diego-based autonomous truck company went public.

On July 28, Morgan Stanley analyst Ravi Shanker kept TuSimple Holdings Inc. at Overweight and raised his price target for the stock to $75 from $48, highlighting the company’s dominant position in autonomous trucking.

In the second quarter of 2021, TuSimple Holdings Inc. reported an EPS of -$0.64, missing estimates by -$0.25. The company’s revenue in the second quarter increased to $1.48 million, up from $263,000 in the second quarter of 2020.

8. Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX)

Number of Hedge Fund Holders: 15

Based on Cathie Wood’s SEC 13F filings, the hedge fund owned 2,378,675 shares of Recursion Pharmaceuticals, Inc. worth $86.8 million as of August 5, 2021. This represents 0.16% of the total holdings of ARK Investment Management. Cathie Wood purchased 72,660 shares of Recursion Pharmaceuticals, Inc. for her ARK Genomic Revolution ETF (BATS:ARKG) on April 19, 2021, following the company’s first public offering.

On September 21, Berenberg analyst Gal Munda initiated a Buy rating on Recursion Pharmaceuticals, Inc. with a price target of $37 per share.

In the second quarter of 2021, Recursion Pharmaceuticals, Inc. reported an EPS of -$0.31, missing estimates by -$0.07. But the company’s revenue in the second quarter grew to $2.5 million, up from $186,000 in the second quarter of 2020.

At the end of the second quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $451 million in Recursion Pharmaceuticals Inc..

In the Q2 2021 Investor Letter, Baron Discovery Fund highlighted a few stocks, and Recursion Pharmaceuticals Inc. is one of them. Here is what the fund said:

“Recursion Pharmaceuticals, Inc. is a biotechnology company engaged in technology-enabled drug discovery. The company uses automated wet-lab infrastructure (actual biologic experimentation) with cell perturbations (multiple experiments done on the duplicate cells), and image capture to generate data at a large scale. It also operates its own supercomputer (the “BioHive”) to drive “in-silico” (virtual, software-enabled) inferences based on its data and wet-lab experiments. This combined approach has generated a strong pipeline of programs spanning early discovery to clinical trials, including a collaboration deal with Bayer. The company’s use of artificial intelligence and machine learning lowers the cost of drug discovery and speeds up time to market, and we believe this paradigm is in the early innings of disrupting the entire biopharmaceutical industry. Since Recursion’s program pipeline is still relatively early stage, we have started with a small investment.”

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

Number of Hedge Fund Holders: 15

Cathie Wood currently holds 4.75 million shares of Berkeley Lights, Inc. worth $101 million in ARK Innovation ETF and 3.89 millions shares worth $82.8 million in ARK Genomic Revolution ETF (BATS:ARKG), as of September 27, 2021.

On September 17, JPMorgan analyst Tycho Peterson reiterated an Overweight rating on Berkeley Lights, Inc. with a price target of $100.

In the second quarter of 2021, Berkeley Lights, Inc. reported an EPS of -$0.27, missing estimates by -$0.04. Yet, the company’s revenue in the second quarter grew 82% year over year to $19.3 million.

At the end of the second quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $379 million in Berkeley Lights, Inc., down from 16 in the previous quarter worth $410 million.

The Walt Disney Company, Etsy, Inc., Robinhood Markets, Inc., Coinbase Global, Inc. together with Berkeley Lights, Inc. are Cathie Wood’s newest stock picks in her hedge fund ARK Investment Management LLC.

6. Verve Therapeutics, Inc. (NASDAQ:VERV)

Number of Hedge Fund Holders: 28

Verve Therapeutics, Inc. is a biotech company based in Massachusetts that ranks sixth on the list of Cathie Wood stock portfolio’s new picks. The company develops gene-editing drugs for the treatment of patients with cardiovascular diseases.

Cathie Wood first purchased 24,634 shares of Verve Therapeutics, Inc. on July 12. As of September 27, ARK Genomic Revolution ETF (BATS:ARKG) holds 1,274,153 shares of Verve Therapeutics, Inc. worth $63.6 million.

On September 23, investment advisory firm Stifel initiated a Hold rating on Verve Therapeutics, Inc. with a price target of $58.

In the second quarter of 2021, Verve Therapeutics, Inc. reported an EPS of -$1.10, missing estimates by -$0.61.

5. UiPath Inc. (NYSE:PATH)

Number of Hedge Fund Holders: 46

AI company UiPath Inc. (NYSE:PATH) ranks fifth on the list of Cathie Wood’s new stock picks. The New York-based company creates software for robotic process automation (RPA) that is used to provide business and cognitive processes in finance, operations, customer service, and other industries.

Based on Cathie Wood’s SEC 13F filings, the hedge fund owned 11,875,886 shares of UiPath Inc. worth $806 million as of August 5, 2021. This represents 1.5% of the total holdings of ARK Investment Management.

On September 17, Barclays analyst Raimo Lenschow upgraded UiPath Inc. to Overweight from Equal-Weight and increased his price target for the stock to $71 from $70.

In the second quarter of 2021, UiPath Inc. reported an EPS of $0.01, beating estimates by $0.07. The company’s revenue in the second quarter was $195.5 million, an increase of 40% year over year, and beat revenue estimates by $9.03 million.

In the Q2 2021 investor letter of ClearBridge Investments, the fund mentioned UiPath Inc., and discussed its stance on the firm. Here is what the fund said:

“We participated in the IPO of UiPath, a developer of software for robotic process automation that uses AI, natural language processing and design to streamline complex processes across a variety of technology environments. The company is an industry leader with a superior solution for leveraging software to optimize workloads. Organizations around the world are beginning to understand the power of automation, with momentum picking up toward fully automating business processes, a $60 billion market today that could grow to $200 billion or more by 2030. UiPath has a unique pricing model, broad partner ecosystem and thoughtful management team supporting one of the strongest growth profiles in technology. Risks we are watching include a partial cloud transition ahead and increased competition from larger software platforms over time.”

4. Etsy, Inc. (NASDAQ:ETSY)

Number of Hedge Fund Holders: 47

Based on Cathie Wood’s SEC 13F filings, the hedge fund owned 353,421 stakes in Etsy, Inc. worth $72.7 million as of August 5, 2021. This represents 0.13% of the total holdings of ARK Investment Management.

On September 28, Loop Capital analyst Laura Champine kept a Buy rating on Etsy, Inc. and increased her price target to $245 from $220, noting the company’s recent acquisitions in the United Kingdom and Brazil as a smart growth move into international markets.

In the second quarter of 2021, Etsy, Inc. reported an EPS of $0.87, beating estimates by $0.13. The company’s second-quarter revenue was $528.9 million, an increase of 23.4% year over year, and beat revenue estimates by $3.2 million. The company recorded a 14.2% year-over-year increase in gross merchandise sales (GMS) to $3.04 billion. The stock has gained 27%, year to date.

At the end of the second quarter of 2021, 47 hedge funds in the database of Insider Monkey held stakes worth $1.73 billion in Etsy, Inc., down from 53 in the previous quarter worth $1.64 billion.

In its Q1 2021 investor letter, Polen Capital mentioned Etsy, Inc., and shared their insights on the company. Here is what the fund said:

“Etsy continued to be a top contributor in the Portfolio during the first quarter. Etsy experienced record levels of demand in 2020. Throughout the beginning of this year, the business has continued to see accelerated growth trends. The company’s recently announced fourth-quarter results provided numerous data points that highlight Etsy’s success in both broadening and deepening the relationship it has with buyers and sellers on its platform. In fact, Etsy now stands as the fourth largest e-commerce site in the U.S. Repeat buyers have grown nearly 100% year-over-year, despite mask sales, which grew rapidly at the onset of the pandemic, shrinking to less than 5% of sales.

We continue to believe Etsy remains in the early stages of growing out its platform.

We remain confident in its ability to compound its value for shareholders at an attractive rate going forward.”

3. Coinbase Global, Inc. (NASDAQ:COIN)

Number of Hedge Fund Holders: 49

According to Cathie Wood’s latest SEC 13F filings, the hedge fund owned 5,617,415 shares of Coinbase Global, Inc. worth $1.42 billion as of August 5, 2021, accounting for 2.64% of ARK Investment Management LLC’s holdings.

On September 14, Piper Sandler analyst Richard Repetto reiterated an Overweight rating on Coinbase Global, Inc. with a price target of $335 per share.

In the second quarter of 2021, Coinbase Global, Inc. reported an EPS of $6.78, beating estimates by $4.09. The company’s revenue in the second quarter came in at $2.23 billion and beat revenue estimates by $345.98 million. Coinbase Global, Inc. had 8.8 million monthly transacting users in Q2 2021, up from 1.5 million users in Q2 2020.

At the end of the second quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $2.96 billion in Coinbase Global, Inc., up from 0 in the preceding quarter.

2. Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holders: 57

Okta, Inc. (NASDAQ:OKTA) is an identity management company based in San Francisco that ranks second on the list of Cathie Wood’s new stock picks. Okta, Inc. provides an enterprise identity management platform to small and medium-sized businesses.

On September 28, Morgan Stanley analyst Hamza Fodderwala upgraded Okta, Inc. to Overweight from Equal-Weight and raised his price target for the stock to $315 from $275, citing that OKTA is well-positioned to benefit from the growing market of identity and access management.

In the second quarter of the fiscal year 2022, Okta, Inc. reported an EPS of -$0.11, beating estimates by $0.22. The company’s revenue in the second quarter grew 57% year over year to $316 million and beat revenue estimates by $22.3 million. The stock has gained 11.68% in the past twelve months.

At the end of the second quarter of 2021, 57 hedge funds in the database of Insider Monkey held stakes worth $2.09 billion in Okta, Inc., up from 48 in the previous quarter worth $1.61 billion.

1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 112

Entertainment giant The Walt Disney Company tops the list of Cathie Wood’s new stock picks.

According to Cathie Wood’s latest SEC 13F filings, the hedge fund owned 152,406 shares of The Walt Disney Company worth $26.7 million as of August 5, 2021, which represents 0.04% of ARK Investment Management LLC’s holdings.

On September 28, Wells Fargo maintained an Overweight rating on The Walt Disney Company with a price target of $203 per share.

At the end of the second quarter of 2021, 112 hedge funds in the database of Insider Monkey held stakes worth $10.8 billion in The Walt Disney Company, down from 134 in the previous quarter worth $12.5 billion.

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