Cathie Wood’s ARK Portfolio: Top 5 Losers

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In this article, we discuss the 5 biggest losers in the portfolio of Cathie Wood’s ARK. If you want to read our detailed analysis of these stocks, go directly to Cathie Wood’s ARK Portfolio: Top 15 Losers

5. Invitae Corporation (NYSE:NVTA)

Number of Hedge Fund Holders: 24 

52-Week High: $61.59

Real-Time Share Price as of December 7: $17.29

Percentage Loss in Share Price Year-to-Date: 60.38%   

Invitae Corporation (NYSE:NVTA) is a medical genetics firm. At the end of the third quarter of 2021, ARK Investment Management owned 21 million shares in Invitae Corporation (NYSE:NVTA) worth $721 million, representing 1.34% of the portfolio. 

On November 9, Invitae Corporation (NYSE:NVTA) announced that it had received a subpoena from the US Department of Justice regarding sponsored testing programs. The company said it was cooperating with the investigation. 

At the end of the third quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $1.8 billion in Invitae Corporation (NYSE:NVTA), down from 31 in the preceding quarter worth $2.1 billion. 

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