ARK Investment Management’s flagship ARK Innovation ETF has lost more than a third of its value so far this year. Over $33 billion worth of stocks in the portfolio will be in a bear market at the end of 2021. Investors have been compelled to liquidate risky holdings due to rising interest rates. Tesla and Roku are two of the most prominent brands in the portfolio. A major concern for Wood at the moment is that investors could turn short-term losses into long-term ones, according to the analyst.
Insider Monkey highlights the 10 stocks that Cathie Wood is doubling down on despite losses. To put it another way, Zoom Video Communications, Inc. made up 2.77 percent of ARK’s total holdings at the end of the fourth quarter of 2021. With 4.7 million shares worth over $2.2 billion, Tiger Global Management LLC is a major shareholder. It is a medical genetics company called Invitae Corporation that provides medical genetics testing and services. The company is owned by some of the world’s most prominent hedge funds. Investment in Invitae Corp. by 24 hedge funds totaled $1.8 billion at year’s end in the third quarter of 2021. PLTR stands for Palantir Technologies Inc., a provider of application software. At the end of the fourth quarter of 2021, ARK owned over 37 million shares worth $895 million, or 2.14 percent of the company’s market cap, according to filings with the SEC. It is a digital cell biology company called Berkeley Lights, Inc. One of the largest shareholders, Two Sigma Advisors, owns 1.1 million shares worth over $23 million. Over 8.5 million shares were owned by Ark at the end of December 2021 for a total value of $166 million. With a market cap of $2.2 billion at the time of writing, Coinbase Global, Inc. With a stake of 6.9 million shares, ARK Investment Management, based in New York City, is the company’s largest shareholder. For more details, click 10 Stocks That Cathie Wood Is Doubling Down On Despite Losses.
