Cathie Wood’s Latest Stock Picks: 5 Biggest Positions

In this piece, we will take a look at Cathie Wood’s latest stock picks and the five biggest positions in Ark Invest’s latest investment portfolio. If you want to learn more about what Cathie Wood and her firm have been up to recently, then check out Cathie Wood’s Latest Stock Picks: 11 Biggest Positions.

5. Roku, Inc. (NASDAQ:ROKU)

Number of Hedge Fund Investors In Q3 2023: 31

Ark Investment’s Q4 2023 Investment Value: $873 million

Roku, Inc. (NASDAQ:ROKU) is an entertainment products and services provider whose devices enable users to watch television. The firm started 2024 on a strong note as it announced an upgraded version of its products and services to cater to content streaming.

After digging through 910 hedge fund portfolios for their Q3 2023 shareholdings, 31 out of the 910 hedge funds covered by Insider Monkey’s research were the firm’s shareholders. Roku, Inc. (NASDAQ:ROKU)’s largest shareholder was ARK Investment Management since it owned a $736 million stake.

4. Block, Inc. (NYSE:SQ)

Number of Hedge Fund Investors In Q3 2023: 60

Ark Investment’s Q4 2023 Investment Value: $919 million

Block, Inc. (NYSE:SQ) is a financial technology company that serves the needs of everyday users and businesses. The firm has beaten analyst EPS estimates in three out of its four latest quarters and the shares are rated Buy on average.

As of September 2023 end, 60 out of the 910 hedge funds tracked by Insider Monkey’s survey had held a stake in Block, Inc. (NYSE:SQ). Andreas Halvorsen’s Viking Global was the biggest shareholder among these due to its $545 million investment.

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Investors In Q3 2023: 81

Ark Investment’s Q4 2023 Investment Value: $944 million

Any talk about Cathie Wood’s top stocks is incomplete without Tesla, Inc. (NASDAQ:TSLA), the world’s biggest electric vehicle manufacturer. 2024 saw Cathie Wood continue to buy the shares, as Ark Invest scooped up roughly $25 million worth of shares in mid January.

By the end of last year’s third quarter, 81 out of the 910 hedge funds part of Insider Monkey’s database had bought the firm’s shares. Tesla, Inc. (NASDAQ:TSLA)’s largest stakeholder was ARK Investment Management due to its $1 billion investment.

2. UiPath Inc. (NYSE:PATH)

Number of Hedge Fund Investors In Q3 2023: 30

Ark Investment’s Q4 2023 Investment Value: $1 billion

UiPath Inc. (NYSE:PATH) is a software company that enables businesses to automate their processes and workflow. 2024 is seeing a board shakeup at the firm as it appointed its co-CEO and another technology executive to the board in January.

During 2023’s September quarter, 30 out of the 910 hedge funds covered by Insider Monkey were UiPath Inc. (NYSE:PATH)’s investors. ARK Investment Management was the biggest investor as it held an $809 million stake.

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

Number of Hedge Fund Investors In Q3 2023: 27

Ark Investment’s Q4 2023 Investment Value: $1.4 billion

Coinbase Global, Inc. (NASDAQ:COIN) is a technology company that provides a cryptocurrency trading platform. The shares have jumped by 149% over the past year as a recovery in Bitcoin prices also helped Coinbase Global, Inc. (NASDAQ:COIN)’s prospects on the market.

27 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database had invested in the company. Coinbase Global, Inc. (NASDAQ:COIN)’s largest shareholder among these was ARK Investment Management due to its $796 million investment.

Disclosure: None. You can also take a look at 10 Best Long-Term Tech Stocks To Buy and 12 Best Pipeline and MLP Stocks To Buy.

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