‘We Will Shine’: Cathie Wood’s Optimism and Her 5 Most Ambitious Stock Picks

4. Burning Rock Biotech Limited (NASDAQ:BNR)

Number of Hedge Fund Holders: 8

Burning Rock Biotech Limited (NASDAQ:BNR) was incorporated in 2014 and is headquartered in Guangzhou, China. The company offers next-gen sequencing-based cancer therapy selection and prognosis prediction tests applicable to a range of cancer types using tissue and liquid biopsy samples. Cathie Wood’s ARK Investment Management increased its Burning Rock Biotech Limited (NASDAQ:BNR) stake by 315% in Q1 2022, with 3.5 million shares worth $32.6 million. 

According to Insider Monkey’s database, 8 hedge funds were bullish on Burning Rock Biotech Limited (NASDAQ:BNR) at the end of March 2022, with collective stakes worth $52.2 million. Samuel Isaly’s OrbiMed Advisors is one of the leading shareholders of the company, with 1.45 million shares worth about $13.5 million.