Stocks Cathie Wood Is Getting Rid Of

Cathie Wood is the CEO of ARK Investment Management, a firm based in New York. The investment firm oversees $53 billion in assets, with the top five holdings accounting for about 23% of the total. She created an investing strategy that is very similar to the growth-oriented bets that ordinary traders make on a regular basis in the market. ARK Investment Management has increased its interests in technology. The fund’s holdings grew from $10 billion in 2019 to more than $85 billion this year at one point. Over the last few months, Wood has secretly sold various stocks, including Twitter and Square.

Here is Insider Monkey’s list of the 10 stocks Cathie Wood is getting rid of. Cathie Wood is selling ten stocks that she dislikes. Pluristem Therapeutics Inc. is ranked tenth on her list of ten stocks to sell. The business is in the biotechnology industry. Silvergate Capital Corporation is rated ninth. The firm is situated in California and is a bank holding company. At the end of June 2021, ARK Investment Management owned 700,831 shares in the firm. HUYA Inc., a China-based company that provides game live streaming services, is being sold by Cathie Wood. In comparison to the first quarter of the year, the fund has reduced its interest in the company by 72 percent. Sarepta Therapeutics, Inc. is being sold by Cathie Wood. In comparison to the first quarter of the year, she has reduced her position in the biopharmaceutical company by 73%. At the end of the second quarter of 2021, the firm led by Wood owned 504,442 shares in the corporation. Six of Cathie Wood’s ten stocks are being sold. In comparison to the end of March 2021, the fund’s interest in the company has dropped by 84 percent. NVIDIA Corporation is number six on Cathie Wood’s list of ten stocks she wants to get rid of. For more details, click 10 Stocks Cathie Wood Is Getting Rid Of.