Cathie Wood’s Latest Stock Portfolio: Top 5 Stock Picks

In this piece, we will take a look at Cathie Wood’s latest investment portfolio and her top five stock picks. If you want to learn about Wood and her fund, check out Cathie Wood’s Latest Stock Portfolio: Top 10 Stock Picks.

5. UiPath Inc. (NYSE:PATH)

Number of Q4 2023 Hedge Fund Shareholders: 38

Ark Invest’s Q1 2024 Investment Stake: $717 million

UiPath Inc. (NYSE:PATH) is a New York based business software company that provides automation software and AI products among others. A surge in interest surrounding AI has served it well as UiPath Inc. (NYSE:PATH) has beaten analyst EPS estimates in all four of its latest quarters.

38 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database were UiPath Inc. (NYSE:PATH)’s shareholders. Catherine D. Wood’s ARK Investment Management owned the largest stake which was worth $1 billion.

4. Roku, Inc. (NASDAQ:ROKU)

Number of Q4 2023 Hedge Fund Shareholders: 38

Ark Invest’s Q1 2024 Investment Stake: $717 million

Roku, Inc. (NASDAQ:ROKU) is a consumer electronics and entertainment firm headquartered in San Jose, California. It operates a streaming platform and provides its own hardware as well. The shares are rated Buy on average, and the average analyst share price target is $83.77.

For their December quarter of 2023 shareholdings, 38 out of the 933 hedge funds profiled by Insider Monkey had bought the firm’s shares. Roku, Inc. (NASDAQ:ROKU)’s biggest shareholder among these is Ms. Wood’s firm due to its $873 million investment.

3. Block, Inc. (NYSE:SQ)

Number of Q4 2023 Hedge Fund Shareholders: 38

Ark Invest’s Q1 2024 Investment Stake: $717 million

Block, Inc. (NYSE:SQ) is a financial technology company headquartered in Oakland, California. The firm is due to reveal its latest financial results in the first week of May, and heading into to event, the stock has to shake off a recent downgrade from Morgan Stanley that reduced the share rating to Underweight from Equal Weight and reduced the share price target to $60 from $62.

Insider Monkey’s fourth quarter of 2023 survey of 933 hedge funds revealed 75 Block, Inc. (NYSE:SQ) investors. Catherine D. Wood’s ARK Investment Management was the largest investor as it held a $919 million stake.

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Q4 2023 Hedge Fund Shareholders: 82

Ark Invest’s Q1 2024 Investment Stake: $910 million

Tesla, Inc. (NASDAQ:TSLA) is the well known electric vehicle company headquartered in Texas. The stock is down 41% year to date, and the shares further tanked in April 2024 after a fresh price cut continued to spook investors.

As of December 2023 end, 82 out of the 933 hedge funds profiled by Insider Monkey had bought the firm’s shares. Tesla, Inc. (NASDAQ:TSLA)’s biggest hedge fund shareholder was Philippe Laffont’s Coatue Management through its $1 billion investment.

1. Coinbase Global, Inc. (NASDAQ:COIN)

Number of Q4 2023 Hedge Fund Shareholders: 41

Ark Invest’s Q1 2024 Investment Stake: $1.1 billion

Coinbase Global, Inc. (NASDAQ:COIN) is a cryptocurrency trading platform based in Wilmington, Delaware. After having taken a beating in 2024 due to troubles with the SEC, the shares saw some respite in April 2024 after the Bitcoin halving injected life into them.

41 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had invested in Coinbase Global, Inc. (NASDAQ:COIN). Catherine D. Wood’s ARK Investment Management owned the largest stake which was worth $1.4 billion.

Disclosure: None. You can also take a look at the 19 Best Alternatives to Discord in 2024 and Top 15 Cities Where Gen Z is Moving in the US.

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