Cathie Wood Is Loading Up On These 5 Stocks

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1. Roblox Corporation (NYSE:RBLX)

Number of Shares Bought By Ark Investment on December 22, 2022: 154,095

Roblox Corporation (NYSE:RBLX) is an American company that operates a virtual reality platform often called a metaverse. This platform lets users interact with each other in a fully immersive digital environment, and the company also provides a development platform to developers for creating applications for its metaverse. Roblox Corporation (NYSE:RBLX) is headquartered in San Mateo, California.

Ark Investment added another 154,095 shares to its stake in Roblox Corporation (NYSE:RBLX) on December 22, 2022. The firm had owned 8.4 million shares of the company as of Q3 2022 end, and in the same quarter, 38 out of the 920 hedge funds part of Insider Monkey’s research had owned a stake in the metaverse firm.

However, Roblox Corporation (NYSE:RBLX)’s largest investor is not Cathie Wood. Instead, it’s the legendary quantitative investment billionaire Jim Simons of Renaissance Technologies whose firm owns 10.6 million shares that are worth $380 million.

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