Catherine Wood, the famed investor behind ARK Investment Management, has revealed a number of critical data regarding her hedge fund’s holdings as of the end of the first quarter of 2021. Wood is well-known for pursuing disruptive technology stocks with vigour. The corporation also no longer owned more than 20% of any company’s equity as of the end of March. Tesla, Inc. is owned by ARK Investment, which owns over 5.7 million shares valued at over $3.8 billion. The stock of Spotify Technology S.A. has risen 66% in the last three months. In recent months, Wood has increased her interests in businesses like Palantir Technologies, doubling down on her bets on cheap tech stocks. During times of crisis, Wood has a history of generating high gains by selling interests in larger companies. One of her growth funds returned 152 percent to investors last year.
Here is Insider Monkey’s list of the 10 best cheap tech stocks to buy according to Cathie Wood. Cellectis S.A. is a company that specializes in cancer therapies. ARK Investment, which owns more than 5 million shares of the company, holds the stock. Cellectis reported a loss of $0.26 per share in the first quarter of 2021. Nano Dimension Ltd. is a 3D printing firm based in Israel that was launched in 2012. According to Cathie Wood, it ranks ninth on the list of the ten greatest cheap tech stocks to purchase. ARK Investment owns around 13 million shares in the firm, valued at more than $111 million. Over the last year, Skillz stock has returned more than 57 percent to investors. ARK Investment has approximately 6 million shares worth over $114 million in the company. The Skillz platform has been integrated into Android and iOS mobile apps. The California-based corporation Kratos Defense & Security Solutions, Inc. specializes in direct energy weapons and satellite communications. Cathie Wood owns more than 5 million shares in the company, valued at approximately $143 million, through ARK Investment. In recent years, Kratos has boosted its investment in cyber warfare technologies in order to take advantage of the increasing technology market. Codexis, Inc. is a technology business based in California that specializes in the research and marketing of enzymes for pharmaceutical, food, and medical uses. ARK Investment has more than 6.2 million shares worth $143 million in the company. In the last year, Codexis stock has returned more than 60% to investors. For more details, click the article 10 Best Cheap Tech Stocks to Buy According to Cathie Wood.
