Cathie Wood Goes Bargain Hunting: Insight into Her Recent Stock Acquisitions
Cathie Wood Goes Bargain Hunting: Insight into Her Recent Stock Acquisitions
The widely followed growth investor keeps making moves in her Ark Invest portfolios. This hasn't been a good year so far for Cathie Wood. The Ark Invest co-founder and CEO has seen many of her favorite stocks slide in an otherwise ascending market. Though 2024 has gotten off to a strong start for most growth investors, Ark Invest's largest exchange-traded fund (ETF) is trading 4% lower year to date. Some of her top holdings are faring even worse.
Tesla: Down 31%
Tesla's stock price more than doubled in 2023. This year, it has been a different story. The leading maker of electric vehicles (EVs) moved lower in January...
Roku: Down 29%
Roku, another top Ark Invest holding, also more than doubled last year. Currently, it's the fund manager's fourth-largest position. The streaming platform powerhouse is growing its engagement...
Roblox: Down 20%
Roblox is Ark's tenth-largest position. The online gaming platform developer didn't double in value like Tesla and Roku last year, but its 61% gain in 2023 trounced the broad market averages...
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.