Ark Invest Stock Portfolio: Top 5 Picks

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1. Tesla, Inc. (NASDAQ:TSLA)

Cathie Wood & Ark Invest’s Q3 2023 Investment: $1 billion

Number of Hedge Fund Investors In Q2 2023: 79

Tesla, Inc. (NASDAQ:TSLA) is the biggest electric vehicle manufacturer in the world. After its third quarter saw CEO Elon Musk strike a dour tone and warn about economic troubles, Tesla, Inc. (NASDAQ:TSLA) appears to be increasing its online retail presence by listing cars for sale on Cars.com.

As of Q2 2023 end, 79 out of the 910 hedge funds polled by Insider Monkey were Tesla, Inc. (NASDAQ:TSLA)’s investors. ARK Investment Management was the biggest shareholder among these through a $1.2 billion stake.

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Disclosure: None. You can also take a look at 14 Best Cyclical Stocks To Invest In and 12 Best High Beta Stocks to Buy Now.

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