10 Worst ARK Stocks To Buy According To Short Sellers
Investing comes in all sizes and flavors. For the risk averse investors that are looking for steady payouts or long term stability, value and dividend paying stocks are the way to go.
ARK Investment Management LLC, situated in St. Petersburg, Florida, is an American investment management firm overseeing multiple actively managed exchange-traded funds. The firm was established by Cathie Wood in 2014.
Catherine D. Wood registered ARK Investment Management LLC ("ARK") as an investment adviser in 2014. With over 40 years of experience in innovation investing, Cathie, as CIO and Portfolio Manager, leads ARK's philosophy and investment approach. She focuses on disruptive innovations such as DNA sequencing, robotics, AI, energy storage, and blockchain. Prior roles include CIO at AllianceBernstein and co-founder of Tupelo Capital Management. Cathie, recognized for her influence, has spoken at prestigious events and launched the Duddy Innovation Institute at Notre Dame Academy in 2018. Before ARK, Cathie spent 12 years at AllianceBernstein as CIO of Global Thematic Strategies, managing a $5+ billion portfolio. She co-founded Tupelo Capital Management, a hedge fund overseeing around $800 million. Cathie's 18-year tenure at Jennison Associates included roles like Chief Economist and Portfolio Manager. She initiated her career as an Assistant Economist at The Capital Group in Los Angeles, earning a summa cum laude Bachelor of Science in Finance and Economics from USC in 1981. Widely recognized as an influential fund manager, Cathie was featured in Bloomberg's 2018 Bloomberg 50 list and Fortune's 2019 Investors Guide. She received the "Women in Finance – Outstanding Contribution Award" in 2016 and has been a prominent speaker at prestigious events, including the World Economic Forum (China) and Singularity University’s Exponential Finance.
ARK Investment Management is a hedge fund managing assets for 255 clients, with discretionary AUM totaling $13.88 billion as of the latest Form ADV on October 2023. In their Q3 2023 13F filing, they reported $13.07 billion in managed 13F securities and a top 10 holdings concentration of 47.54%.
