5 Worst Stock Picks of Cathie Wood in 2022

3. Invitae Corporation (NYSE:NVTA)

Negative Percentage Change From 52 Week High: 78.24%

Number of Hedge Fund Holders In Q3 2022:

Invitae Corporation (NYSE:NVTA) is a healthcare company based in San Francisco, California. The firm provides gene based testing for a variety of different diseases such as cancer and neurological disorders.

Invitae Corporation (NYSE:NVTA) is another firm that saw BlackRock increase its stake in January 2023, as regulatory filings revealed the firm had increased its stake by 24.5% in the healthcare company. 20 of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had bought Invitae Corporation (NYSE:NVTA)’s shares.

Out of these, Catherine D. Wood’s ARK Investment Management is Invitae Corporation (NYSE:NVTA)’s largest investor. It owns 27 million shares that are worth $50 million.

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