Cathie Wood’s Thoughts on Automobile Industry and Her Top 5 Car Stock Picks

In this article, we discuss the top 5 car stock picks of Cathie Wood. If you want to read our detailed analysis of Wood’s history, investment philosophy, and hedge fund performance, go directly to Cathie Wood’s Thoughts on Automobile Industry and Her Top 10 Car Stock Picks.

5. Xometry, Inc. (NASDAQ:XMTR)

Percentage of ARK Investment Management’s 13F Portfolio: 0.03%

ARK Investment Management’s Stake Value: $13,895,000

Number of Hedge Fund Holders: 18

Xometry, Inc. (NASDAQ:XMTR) is among the newest car stocks in Cathie Wood’s portfolio. In Q3 2021, Wood initiated her position in Xometry, Inc. (NASDAQ:XMTR) and bought 240,947 shares of the stock for a total value of nearly $14 million. 

The company manufactures on-demand automotive parts for some of the biggest car companies in the world like BMW. As an on-demand industrial parts marketplace, Xometry, Inc. (NASDAQ:XMTR) also serves a variety of industries including robotics, aerospace, consumer goods, and electronics.

In its third-quarter financial release, Xometry, Inc. (NASDAQ:XMTR) stated that active buyers in the marketplace increased by 61% to 26,187, up from 16,266 a year ago. Xometry, Inc. (NASDAQ:XMTR) stock rise about 11% in December. To grow its business, the industrial marketplace acquired digital marketing solutions vendor Thomas for $300 million at the time.

There were 18 hedge funds in Insider Monkey’s database that held stakes in the company at the end of the third quarter, compared to 28 funds in the previous quarter.