Insider Monkey recently published Cathie Wood’s Thoughts on the Future, ARK’s Portfolio, and Latest Stock Picks. Wood is a prominent investor known for making profitable bets on disruptive industries, which will be mentioned below.
Currently, Wood’s ARK is going through massive turbulence as investors flee high-growth stocks following rising yields and worries about inflation. Investors flocked to invest billions into ARK’s ETF, pushing the firm’s assets to as much as $60 billion.
Here is a summary of Wood’s Latest Stock Picks
Wood currently has 4.13 million shares which are worth $2.92 billion in the EV company Tesla. It was also reported that Tesla’s stocks would reach $900. Wood also increased its stake in the telehealth company Teladoc Health Inc. by 290% in Q4. It now has a $1.56 billion stake in the company.
The mentioned disruptive industries would be DNA and Bioengineering companies such as Crispr Therapeutics. Wood has a $1.6 billion stake in Iovance Biotherapeutics Inc. It has a company developing T cell-based immunotherapies for tumors and cancers, and Veracyte, Inc, a genomic diagnostics company.
Wood also has stake in Zoom Video Communications Inc. It is worth $322.17 million, stakes in Ke Holding Inc, a Chinese platform for housing transactions worth $408.51 million, and 3D printing company Proto Labs, Inc, the stake is unknown.
Wood is also bullish on Iridium Communications, which operates the Iridium satellite constellation of 66 active satellites. ARK increased its hold by 60%, entering 2021 with 7 million shares of the company, worth $274.1 million. Finally, Wood increase its stake in Palantir Technologies, which many praised because Palantir Technologies is one of the best companies to invest in.
Read more of Insider Monkey’s article: Cathie Wood’s Thoughts on the Future, ARK’s Portfolio, and Latest Stock Picks here.
