Cathie Wood’s Top 5 Stock Picks

4. Teladoc Health, Inc. (NYSE: TDOC)

Value: $1,566,153,000
Change in Position Size: 289%
Percent of  Cathie Wood’s 13F Portfolio: 4.2%

Texas-based Teladoc Health is operating in the lucrative telemedicine market that is poised to grow, especially after the coronavirus crisis, as people and doctors are starting to prefer treatment discussions remotely to avoid costs, health risks and time consumption. Teledoc bills itself as a software company, with a variety of platforms, video conferencing and teleconferencing tools to connect patients and doctors. The company also has a team of doctors who treat patients with minor diseases remotely.

As of the end of the fourth quarter, 50 hedge funds in Insider Monkey’s database of 887 funds held stakes in Teladoc, compared to 47 funds in the third quarter. Cathie Wood’s ARK Investment Management is the company’s biggest stakeholder, with 7.8 million shares worth $1.6 billion.