Cathie Wood’s Latest Portfolio: 5 New Stock Picks

2. Nu Holdings Ltd. (NYSE:NU)

ARK Investment Management’s Stake Value: $36.84 million

Percentage of ARK Investment Management’s 13F Portfolio: 0.11%

Number of Hedge Fund Holders: N/A

Cathie Wood added Nu Holdings Ltd. (NYSE:NU) to her portfolio over Q4 2021, with 3.92 million shares with a combined value of $36.84 million, which amounts to a 0.11% slice of her total holdings. The firm offers digital financial services in Brazil, Columbia, and Mexico, with 48.1 million customers across these markets. Nu Holdings Ltd. (NYSE:NU) went public in December 2021 through a $2.6 billion IPO. Nu Holdings Ltd. (NYSE:NU) is already disrupting traditional banks in Latin America, serving customers at considerably lower rates. It also enjoys backing from legendary investor and billionaire Warren Buffett.

On February 16, Nu Holdings Ltd. (NYSE:NU) was initiated with an ‘Underperform’ rating and a $5 price target by Bradesco BBI analyst Gustavo Schroden. The analyst sees the fin-tech company facing near-term headwinds due to Brazil’s weak economic situation, and hurdles in monetizing its client base in the long term.