Cathie Wood’s New York-based hedge fund, ARK Investment Management, has boosted its portfolio worth from over $50 billion at the end of the first quarter of 2021 to more than $53 billion. Currently, the fund’s top 10 holdings account for 35% of the portfolio. ARK Investment Management has been a stand-out in the hedge fund universe over the years. The fund manages more than 280 clients’ assets. Some of the top holdings in the investment portfolio of ARK Investment Management at the end of the second quarter of 2021 were Tesla, Twitter, Square, and Roku.
Here is Insider Monkey’s list of the 15 stocks that Cathie Wood is dumping. Workhorse Group Inc. is ranked fifteenth. Battery electric cars and aircraft are manufactured and sold by the corporation. On July 29, B Riley maintained a Buy rating with a $16 price target. Samsara BioCapital creates and distributes biopharmaceutical drugs for cancer treatment. With 2.1 million shares worth more than $10.5 million, the Cambridge-based company is a major shareholder in Syros Pharmaceuticals, Inc. Agora, Inc. is ranked thirteenth. For commercial clients, the company sells real-time engagement software. Macquarie cut its price estimate from $80 to $60, citing weaker comparable valuations as the reason. Virgin Galactic Holdings, Inc. is rated 12th. The corporation is situated in New Mexico and specializes in integrated aerospace and human spaceflight. Fastly, Inc. is ranked twelfth. Fastly owns and administers a customer management cloud platform. The company’s forecasts anticipated a more gradual return to growth. Guidewire Software, Inc. is rated tenth. The business develops software for the insurance market. JPMorgan maintained the stock’s Overweight rating, and the price target was boosted to $160. For more details, click 15 Stocks Cathie Wood Is Dumping.
