Cathie Wood is the CEO of ARK Investment Management in New York. Last year, her flagship ARK Innovation ETF returned more than 150%. Wood manages over $53.7 billion in assets through investments in technology, consumer goods, and healthcare. Through its fund, ARK Investment Management is the largest institutional investor in cryptocurrency and has increased its bets on technology-related assets. At the end of the second quarter of 2021, ARK Investment Management’s portfolio included Twitter, Square, JD.com, Tesla, and Facebook.
Here is Insider Monkey’s list of the 10 stocks Cathie Wood is doubling down on. DraftKings Inc. is ranked tenth on the list of Cathie Wood’s ten favorite stocks. Compared to the first quarter of 2021, Wood increased ARK’s stake in the digital entertainment company by 212 percent. The company is based in Boston and provides digital sports entertainment. Skislz Inc. is ranked ninth on our list of Cathie Wood’s ten favorite stocks. Wood increased his hedge fund’s stake in the company by 310 percent in the second quarter. The company enables game developers to monetize their work. Garmin Ltd. is ranked eighth on our list of the ten stocks in which Cathie Wood is increasing her stake. In the first quarter of 2021, Wood increased ARK’s stake in the company by 352 percent. Tigress Financial maintained a Strong Buy rating on the stock of Garmin Ltd. HEICO Corporation is ranked seventh on our list of Cathie Wood’s ten favorite stocks. At the end of the second quarter of 2021, ARK Investment Management owned 44,790 shares in the company. The shares have a market capitalization of $6.2 million. Spirit AeroSystems Holdings, Inc. ranks sixth on the list of Cathie Wood’s ten stocks on which she is doubling down. At the end of June 2021, Wood’s hedge fund owned 346,164 shares in the company, or 0.03 percent of the portfolio. For more details, click 10 Stocks Cathie Wood Is Doubling Down On.
