Cathie Wood, the founder of Ark Investment Management, is optimistic about Bitcoin and Spotify. Last year, five of Ark Invest’s six funds returned more than 100 percent. Due to a shift toward value equities, the great stock picker was left out in the cold in the first part of this year. The $55 billion hedge fund’s creator appears to be confident in her unique strategy of investing in innovative technologies. Following its initial public offering, the well-known ETF manager initiated a massive $1.4 billion investment in the largest US cryptocurrency exchange.
Insider Monkey digs into Cathie Wood’s top ten stock holdings to see how these stocks are likely to perform in the years ahead. Spotify Technology S.A. was named tenth on a list of the top ten stocks to buy in the next ten years. Ark Investment Management, helmed by Cathie Wood, increased its stake in the company by 23 percent to 2.46 percent. Exact Sciences Corporation, a biotechnology business, is one of Cathie Wood’s top ten companies to buy for the next ten years. The stock price has plummeted so far this year as a result of a larger-than-expected loss in the second quarter. The recent results and outlook from Zoom Video Communications, Inc. suggest that growth will decelerate when people return to work and students return to school. The video conferencing business is ranked eighth on a list of the top ten stocks to invest in over the next ten years. In the list of 10 greatest stocks to buy for the next ten years, Coinbase Global, Inc. is one of the finest prospects to watch. At the conclusion of the second quarter, the popular US-based cryptocurrency exchange was in the portfolios of 49 hedge funds. Ark Investment Management, based in New York, increased its stake in Twilio Inc. by 36% to 3.72 million shares in the second quarter. The company expects revenue in the third quarter to be in the region of $670-$680 million, up from a previous forecast of $639.4 million. For more details, click 10 Best Stocks To Buy For The Next Ten Years.
