Cathie Wood’s Latest Stock Portfolio: Top 5 Stock Picks

3. Block, Inc. (NYSE:SQ)

Number of Q4 2023 Hedge Fund Shareholders: 38

Ark Invest’s Q1 2024 Investment Stake: $717 million

Block, Inc. (NYSE:SQ) is a financial technology company headquartered in Oakland, California. The firm is due to reveal its latest financial results in the first week of May, and heading into to event, the stock has to shake off a recent downgrade from Morgan Stanley that reduced the share rating to Underweight from Equal Weight and reduced the share price target to $60 from $62.

Insider Monkey’s fourth quarter of 2023 survey of 933 hedge funds revealed 75 Block, Inc. (NYSE:SQ) investors. Catherine D. Wood’s ARK Investment Management was the largest investor as it held a $919 million stake.

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