ARK Investment Management was established in 2014 with the goal of developing high-growth stock portfolios through exchange-traded funds. Robotics, electric vehicles, genomics, artificial intelligence, and space exploration are among the ETFs managed by the New York-based asset management firm. As of June 30, 2021, ARK’s flagship fund, Ark Innovation ETF, has a net asset value of $25.52 billion. In the last year, the fund has returned 86.59 percent, and over the last five years, it has returned 48.36 percent annually.
Here is Insider Monkey’s list of the Ark Invest Stock Portfolio: top 10 picks. After reporting solid second-quarter earnings and sales, Palantir Technologies Inc. saw its shares increase 11.36 percent on August 12. Following the company’s better-than-expected Q2 earnings, Cathie Wood purchased 5.2 million shares worth $140 million. As of September 27, 2021, Ark Invest owned 2.06 million shares of Twilio Inc., valued at $707 million. To promote client involvement in an enterprise’s platform, the organization offers a variety of communication channels and applications. In July, it finalized the $850 million purchase of Seattle-based text messaging platform Zipwhip. As of September 27, 2021, Ark Invest owned 555,225 shares of Shopify Inc., valued at $801 million. The company’s second-quarter revenue was $1.12 billion, up 57 percent from the previous year. Square, Inc. is number seven on Ark Invest’s top ten stock picks list. Different businesses might use the company’s payment processing services. As of June 2021, Square had over 40 million active monthly transacting clients. Cash App, a money transfer and trade app, is also managed by the company. Zoom Video Communications, Inc. is owned by Ark Invest, which owns 3.28 million shares. Clients all across the world use the software company’s video conferencing technology. Zoom Video Communication posted an EPS of $1.36 in the second quarter of fiscal 2022, topping projections by $0.20. For more details, click The Ark Invest Stock Portfolio: Top 10 Picks.
