The chief investment officer of ARK Investment Management is Cathie Wood. Her flagship Innovation ETF has lost more than 55% of its value so far this year. Wood is steadfast in her commitment to disruptive innovation and seeks to invest in businesses with long-term growth potential rather than only those with the potential for quick profits. In the first half of 2022, investors invested $1.5 billion into Cathie Wood’s flagship ARK fund. Disruptive innovation, according to Wood, produces gains during times of global crises. Her investment portfolio is concentrated on businesses that are experts in scientific research developments, DNA technologies, industrial innovation, automation, manufacturing, and fintech.
Insider Monkey highlighted Cathie Wood’s 10 favorite stock picks for the rest of 2022. With its corporate office in Sunnyvale, California, Matterport, Inc. was established in 2011. It is a corporation that deals with spatial data and runs a 3D data platform for designing and comprehending spaces. At the end of 2022, the company will join the Russell 2000 Index. At the end of June, the ARK portfolio contained about 1 million REE Automotive Ltd. shares, valued at over $1.7 million. The stock price’s 80 percent decline indicates that investors believe there will be severe dilution from capital increases. The Israeli business Allot Ltd. specializes in network intelligence and digital security solutions. In the second quarter of 2022, 357,287 shares worth $1.8 million were purchased by Cathie Wood’s ARK Investment Management. A biopharmaceutical firm situated in California named Nurix Therapeutics, Inc. creates small molecule therapeutics for the treatment of cancer and immunological disorders. The company was successful in raising $90 million through a registered direct offering during the first week of July. Petah Tikva, Israel-based Global-e Online Ltd. was established in 2013 and has its corporate headquarters there. The business provides a platform for B2C international e-commerce. The hedge fund run by Cathie Wood increased its stake in the company by 45%. For more details, click Cathie Wood’s 10 Favorite Stock Picks For The Rest Of 2022.
