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

In this piece, we will take a look at Cathie Wood’s latest investment portfolio and her top five stock picks. If you want to learn about Wood and her fund, check out Cathie Wood’s Latest Stock Portfolio: Top 10 Stock Picks.

5. UiPath Inc. (NYSE:PATH)

Number of Q4 2023 Hedge Fund Shareholders: 38

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

UiPath Inc. (NYSE:PATH) is a New York based business software company that provides automation software and AI products among others. A surge in interest surrounding AI has served it well as UiPath Inc. (NYSE:PATH) has beaten analyst EPS estimates in all four of its latest quarters.

38 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database were UiPath Inc. (NYSE:PATH)’s shareholders. Catherine D. Wood’s ARK Investment Management owned the largest stake which was worth $1 billion.

Follow Uipath Inc. (NYSE:PATH)

4. Roku, Inc. (NASDAQ:ROKU)

Number of Q4 2023 Hedge Fund Shareholders: 38

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

Roku, Inc. (NASDAQ:ROKU) is a consumer electronics and entertainment firm headquartered in San Jose, California. It operates a streaming platform and provides its own hardware as well. The shares are rated Buy on average, and the average analyst share price target is $83.77.

For their December quarter of 2023 shareholdings, 38 out of the 933 hedge funds profiled by Insider Monkey had bought the firm’s shares. Roku, Inc. (NASDAQ:ROKU)’s biggest shareholder among these is Ms. Wood’s firm due to its $873 million investment.

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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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2. Tesla, Inc. (NASDAQ:TSLA)

Number of Q4 2023 Hedge Fund Shareholders: 82

Ark Invest’s Q1 2024 Investment Stake: $910 million

Tesla, Inc. (NASDAQ:TSLA) is the well known electric vehicle company headquartered in Texas. The stock is down 41% year to date, and the shares further tanked in April 2024 after a fresh price cut continued to spook investors.

As of December 2023 end, 82 out of the 933 hedge funds profiled by Insider Monkey had bought the firm’s shares. Tesla, Inc. (NASDAQ:TSLA)’s biggest hedge fund shareholder was Philippe Laffont’s Coatue Management through its $1 billion investment.

Follow Tesla Inc. (NASDAQ:TSLA)

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

Number of Q4 2023 Hedge Fund Shareholders: 41

Ark Invest’s Q1 2024 Investment Stake: $1.1 billion

Coinbase Global, Inc. (NASDAQ:COIN) is a cryptocurrency trading platform based in Wilmington, Delaware. After having taken a beating in 2024 due to troubles with the SEC, the shares saw some respite in April 2024 after the Bitcoin halving injected life into them.

41 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had invested in Coinbase Global, Inc. (NASDAQ:COIN). Catherine D. Wood’s ARK Investment Management owned the largest stake which was worth $1.4 billion.

Follow Coinbase Global Inc. (NASDAQ:COIN)

Disclosure: None. You can also take a look at the 19 Best Alternatives to Discord in 2024 and Top 15 Cities Where Gen Z is Moving in the US.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

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We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

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