From Nasdaq:

Cathie Wood holds positions in over 120 stocks in her Ark Invest funds, but seven stocks make up 37% of her portfolio. Coinbase Global is her top holding at nearly 6.9%, despite selling millions of shares recently. Tesla comes in second at 6%, with Wood predicting shares to reach $2,000 by 2027. Roku is the third largest holding for Ark Invest at 5.8%, UiPath is slightly over 5.6%, Block at nearly 5.2%, and CRISPR Therapeutics sits at 3.9%. Zoom Video Communications makes up 3.7% of Ark Invest’s portfolio.

Block, formerly Square, is considered the best stock among Wood’s top seven holdings, reflecting its attractively valued stock and huge growth prospects. Despite its potential, the Motley Fool’s Stock Advisor did not include Block among its 10 best stocks for investors to buy now. Wood bought additional shares of Zoom Video Communications in the fourth quarter of 2023, showing continued interest in the company. Ark Invest’s trade of Roku shares could have been to take profits off the table or to rebalance the portfolio. As of February 6, 2024, Stock Advisor returns have more than tripled the return of S&P 500 since 2002.

Wood’s backing of these companies, along with their impressive standing in Ark’s holdings, make them worth considering for potential investment in a market filled with stocks with sky-high valuations.

**This news brief is for informational purposes only. The views and opinions expressed herein are the author’s own and do not necessarily reflect those of Nasdaq, Inc. The author has positions in Block and The Motley Fool has positions in and recommends Bitcoin, Block, CRISPR Therapeutics, Coinbase Global, Roku, Tesla, UiPath, and Zoom Video Communications. Please consult a financial advisor before making any investment decisions.



Read more: Cathie Wood Has 37% of Her Ark Invest Portfolio Invested in These 7 Stocks