Cathie Wood’s Stock Portfolio: 2025 Stock Picks

5. Block Inc. (NYSE:SQ)

ARK Investment Management’s Q3 Stake Value: $444.7 million

Number of Hedge Fund Holders: 64

Block Inc. (NYSE:SQ), formerly known as Square Inc., is an American public company that encompasses diverse businesses within the financial technology sector. With integrated solutions, the company streamlines sales for vendors, while its Cash App segment makes it simple for consumers to transfer, spend, and invest in stocks.

Block Inc. (NYSE:SQ) reported a gross profit of $2.25 billion in the third quarter of 2024, up 19% from the same period last year. The company recorded net profits of $283.7 million, up from a loss of $88.7 million, or $0.15 per share, last year. The Cash App division, Block’s successful mobile payment network and a major contributor to overall profitability, recorded $1.31 billion in gross profit, up 21% year on year. As part of its cost-cutting efforts, the company said in a shareholder letter that it was reducing its investment in Tidal, and completely shutting down TBD, its Bitcoin-focused arm.