Cathie Wood’s ARK Portfolio: Top 5 Losers

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

Number of Hedge Fund Holders: 17 

52-Week High: $286.57

Real-Time Share Price as of December 7: $52.56

Percentage Loss in Share Price Year-to-Date: 65.01%  

Proto Labs, Inc. (NYSE:PRLB) is a digital manufacturer of custom prototypes. The hedge fund of Cathie Wood owned 3 million shares of Proto Labs, Inc. (NYSE:PRLB) at the end of the third quarter of 2021 worth more than $278 million, representing 0.51% of the total portfolio.  

Proto Labs, Inc. (NYSE:PRLB) has a market cap of $1.35 billion and posted $434 million in revenue last year. The short interest on the stock has reached close to 10% and the firm recently missed market estimates on earnings for the third quarter. 

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.”