Cathie Wood’s Top Holdings: A Deep Dive into ARK Invest’s Portfolios and Performance
Cathie Wood, the CEO and founder of Ark Invest, is well-known for her big bets on companies with high growth potential. Some of her top holdings include Tesla (TSLA), Coinbase (COIN), Zoom Video Communications (ZM), DraftKings (DKNG), and Roku (ROKU). As of October 27, these five stocks alone account for 23% of all the holdings in Ark Invest’s portfolios. Other notable holdings in the top 10 include Square-parent Block (SQ), Exact Sciences (EXAS), Roblox (RBLX), and Twilio (TWLO).
Despite recent market downturns, DraftKings is the top performer among Cathie Wood’s big stocks for 2023, with a remarkable 133.9% increase as of October 27. Coinbase stock has also seen significant growth, up 100%, while Tesla stock has jumped 68.3%. On the other hand, Block has been the biggest laggard, down 30%. However, it’s worth noting that all of the top 10 Cathie Wood stocks have experienced declines of more than 20% from their 2023 highs.
Cathie Wood’s Top Holdings: Performance Breakdown
| Company | Ticker | 2023 Change | VS. All-Time High | VS. 2023 High |
|---|---|---|---|---|
| DraftKings | DKNG | 133.9% | -64.2% | -22.8% |
| Coinbase | COIN | 100.0% | -83.5% | -38.3% |
| Tesla | TSLA | 68.3% | -50.0% | -30.7% |
| Roku | ROKU | 38.5% | -88.5% | -42.8% |
| Exact Sciences | EXAS | 20.6% | -62.6% | -40.7% |
| UiPath | PATH | 17.5% | -83.4% | -25.1% |
| Roblox | RBLX | 8.9% | -78.1% | -35.0% |
| Twilio | TWLO | 2.5% | -89.0% | -37.0% |
| Zoom | ZM | -12.5% | -89.9% | -30.4% |
| Block | SQ | -36.3% | -86.2% | -55.5% |
DraftKings Stock: A Rollercoaster Ride
DraftKings stock experienced a turbulent year. After trading near 52-week lows at the end of 2022, it saw significant growth, nearly doubling through late February. Although there was a sell-off in the following weeks, shares have since consolidated in a volatile fashion. While DraftKings stock is currently 22.8% below its 2023 high, it has had the smallest retreat among all of Cathie Wood’s top holdings.
Coinbase Stock: Fluctuations Amid Bitcoin ETF Hopes
Coinbase stock had an eventful year as well. After a rapid increase in January, it experienced a choppy retreat until early June when shares took off again and more than doubled in a little over a month. However, since then, shares have given up more than a third of their value. Coinbase stock’s ups and downs have often mirrored the hopes and setbacks regarding a spot Bitcoin ETF. Despite recent volatility, Coinbase stock is still up 100% for the year.
Tesla Stock: A Bumpy Ride for the Electric Vehicle Giant
Tesla stock had a strong start to the year, followed by a few months of consolidation. It then ran up rapidly from late April to reach a 2023 peak on July 19. However, shares have since sold off, primarily due to concerns about Q2 and Q3 earnings reports, as well as worries about the Cybertruck and future growth drivers. Currently, Tesla stock is down 50% from its all-time highs but has outperformed any of Cathie Wood’s other top-10 stocks.
Cathie Wood’s Selling Strategy and Profitability
Cathie Wood is known for selling stocks after strong gains, and recent weeks have seen her slashing her holdings, including Tesla stock. While she bets heavily on companies in cutting-edge fields, it should be noted that profitability varies among her top holdings. Tesla remains highly profitable, although its earnings per share have fallen by 37% in Q3 compared to the previous year. Other profitable stocks in the portfolio include UiPath, Twilio, Zoom, and Block. On the other hand, Coinbase, Exact Sciences, Roku, and Roblox are still operating at a loss.
ARK Invest ETFs: Performance Overview
In 2022, Cathie Wood’s flagship ARK Innovation ETF (ARKK) experienced a significant decline of 67%. However, it has since bounced back and whittled its year-to-date gain down to 9.2%. ARKK is currently 78.6% below its peak in February 2021. The Ark Genomic Revolution ETF (ARKG) also saw a reversal from strong gains in 2023, falling 21.2% to its worst levels since late 2018. It’s now 80.7% below its all-time high. The Ark Fintech Innovation ETF (ARKF) has performed better, climbing 21.9% this year, but remains well off its 2023 high and 73% below its record levels.
To stay updated on the stock market and get more insights, consider following Ed Carson on Twitter at @IBD_ECarson, Threads at @edcarson1971, and Bluesky at @edcarson.bsky.social.
YOU MIGHT ALSO LIKE:
- Why This IBD Tool Simplifies The Search For Top Stocks
- Want To Get Quick Profits And Avoid Big Losses? Try SwingTrader
- Best Growth Stocks To Buy And Watch
IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today
Tesla Now Has Margins Like An Automaker — TSLA Isn’t Valued Like That
Apple, Fed Loom; Three Reasons To Like These 4 Stocks
