In this article, we discuss Cathie Wood’s 5 stock picks for the next 5 years. If you want to read about some more stocks in Wood’s portfolio, go directly to Cathie Wood’s 10 Stock Picks for the Next 5 Years.
5. Twitter, Inc. (NYSE:TWTR)
Number of Hedge Fund Holders: 83
Twitter, Inc. (NYSE:TWTR) owns and runs a social networking platform. Hedge funds have been dumping the stock amid a broader lull around growth stocks. At the end of the fourth quarter of 2021, 83 hedge funds in the database of Insider Monkey held stakes worth $3.1 billion in Twitter, Inc. (NYSE:TWTR), compared to 94 in the preceding quarter worth $6.3 billion.
Latest data shows that ARK owned over 17.2 million shares of Twitter, Inc. (NYSE:TWTR) at the end of December 2021, worth over $745 million. Wood had first bought a stake in the firm during the fourth quarter of 2016.
RGA Investment Advisors, in its Q1 2021 investor letter, mentioned Twitter, Inc. (NYSE:TWTR). Here is what the fund has to say in its letter:
“‘The bird has wings’—Twitter’s quarter started off somewhat ominously, with Twitter, Inc. (NYSE:TWTR) the worst performing stock in the S&P 500 following the January 6th insurrection and questions about the stickiness of the user base after permanently suspending the account of President Trump.8 By the end of the quarter, Twitter, Inc. (NYSE:TWTR) was one of the best performers in the index after exceptionally strong fourth quarter earnings and guidance for the year and an upbeat analyst day that highlighted a rapidly evolving product roadmap placing the timeline at the center of ephemeral (fleets), long form (Revue) and voice (Spaces). The improvements to the experience makes the platform more accessible and provides more opportunity to continue growing the user base. Importantly, Twitter, Inc. (NYSE:TWTR) also embraced what we have been calling “creative empowerment” in previewing SuperFollows and a host of features designed to help content creators and contributors monetize their own audience on Twitter, Inc. (NYSE:TWTR) itself. These developments, alongside considerable progress on the advertising platform give us growing conviction that Twitter, Inc. (NYSE:TWTR) will deliver on its largely untapped opportunity—in other words, the value creation opportunity on top of the low multiple we were able to build our position at. Elliot spoke at length about these developments on Yet Another Value Podcast with Andrew Walker and The Business Brew with Bill Brewster, which we invite you to check out.”
4. CRISPR Therapeutics AG (NASDAQ:CRSP)
Number of Hedge Fund Holders: 34
CRISPR Therapeutics AG (NASDAQ:CRSP) is a gene-editing firm. CRISPR Therapeutics AG (NASDAQ:CRSP) has featured in the ARK portfolio, with minor interruptions, since the second quarter of 2017. The fund owned over 9 million shares in the company at the end of December 2021 worth $688 million.
Institutional investors hold large stakes in CRISPR Therapeutics AG (NASDAQ: CRSP). At the end of the fourth quarter of 2021, 34 hedge funds in the database of Insider Monkey held stakes worth $994 million in CRISPR Therapeutics AG (NASDAQ:CRSP), compared to 43 in the preceding quarter worth $1.2 billion.
3. Trimble Inc. (NASDAQ:TRMB)
Number of Hedge Fund Holders: 32
Trimble Inc. (NASDAQ:TRMB) provides technology solutions to a variety of industries. Elite hedge funds are bullish on the stock. Among the hedge funds being tracked by Insider Monkey, London-based firm Impax Asset Management is a leading shareholder in Trimble Inc. (NASDAQ:TRMB), with 8.5 million shares worth more than $741 million.
Trimble Inc. (NASDAQ:TRMB) has been featured on the ARK portfolio since the fourth quarter of 2016. The fund owned over 4.7 million shares in the company at the end of the fourth quarter of 2021 worth $417 million, representing 1.26% of the portfolio.
2. Invitae Corporation (NYSE:NVTA)
Number of Hedge Fund Holders: 24
Invitae Corporation (NYSE:NVTA) is a medical genetics company. ARK had first purchased a stake in the company during the fourth quarter of 2016. The fund has since added to that stake and now owns 26.7 million shares worth $407 million.
The hedge fund sentiment around Invitae Corporation (NYSE:NVTA) is mixed. At the end of the fourth quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $958 million in Invitae Corporation (NYSE:NVTA), the same as in the preceding quarter worth $1.8 billion.
1. Veracyte, Inc. (NASDAQ:VCYT)
Number of Hedge Fund Holders: 16
Veracyte, Inc. (NASDAQ:VCYT) is a California-based diagnostics company. Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Veracyte, Inc. (NASDAQ:VCYT), with 1.1 million shares worth more than $48 million.
Veracyte, Inc. (NASDAQ:VCYT) has been in the ARK portfolio since the fourth quarter of 2016. The hedge fund added to this holding aggressively during the last two quarters of 2021 and presently owns more than 8.2 million shares worth $338 million.
You can also take a peek at 10 Companies that Benefit From Crypto Mining and 12 Best Artificial Intelligence Stocks To Invest In Right Now.
