Cathie Wood’s Top 5 Stock Picks Based on ARK’s Latest Portfolio Update

3. Iridium Communications Inc. (NASDAQ: IRDM)

Cathie Wood is also bullish on Iridium Communications, which operates the Iridium satellite constellation of 66 active satellites. This constellation is used for enabling worldwide voice and data communication. ARK increased its hold in the company by 60% in the fourth quarter, entering 2021 with 7 million shares of the company, worth $274.1 million.