Cathie Wood’s Stock Portfolio: Top 5 2024 Stock Picks

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Investors: 82

Ark Investment’s Q4 2023 Investment Value: $944.85 million

Based in Austin, Texas, Tesla, Inc. (NASDAQ:TSLA) is a leading American multinational company specializing in electric vehicles and sustainable energy solutions. Renowned for its innovative electric car designs and manufacturing, Tesla also provides stationary battery energy storage solutions for both residential and grid-scale applications. The company offers a range of products and services, including solar panels, solar shingles, and related sustainable energy solutions.

Insider Monkey scoured through 933 hedge fund portfolios for 2023’s December quarter to find that 82 were the firm’s investors. Tesla, Inc. (NASDAQ:TSLA)’s biggest hedge fund investor is Philippe Laffont’s Coatue Management courtesy of its $1 billion stake.