In this article, we take a look at the top 12 companies in Cathy Wood's portfolio for the second quarter. To skip our detailed analysis of 7 stocks and Wood's investment history and strategy, you can jump right into the top 5 of Cathy Wood's second-quarter portfolio.
Last August on Bloomberg EFF IQ, Kathy Wood of ARK Investment Management argued that the Fed would not start cutting interest rates until 2023. They would collide in the next neighborhood. As for his company's response to such a market downturn, Wood said ARK Investments will continue to invest in "innovation," prompting him to invest in companies he believes are poised to thrive during difficult times.
This belief in innovation has driven Wood to invest billions in companies such as Tesla, Inc. (NASDAQ: TSLA), Shopify Inc. (NYSE:STORAGE) and NVIDIA Corporation (NASDAQ:NVDA). While many consider some of his investments to be losers, his flagship fund attracts investors. The Ark Innovation ETF set the longest record this month in more than a year, Bloomberg reported in June. In eight days, $639 million went into the $9.5 billion ETF.
The steady flow of money flowing into Wood's core fund is a testament to investor confidence in Wood's investment history and strategy. The Ark Innovation ETF rose 14% in June and continues to be amid high inflation. Today, many investors and ETF issuers continue to support Wood based on his earnings and investment success. Now let's take a look at the top 12 stocks in Cathy Wood's portfolio for the second quarter.
Cathy Wood of Ark Investment Management
Our method
According to Insider Monkey data, we selected the 12 best stocks listed in Cathy Wood's 13F assets at the end of the second quarter. These stocks have mostly positive analyst forecasts, with their price targets suggesting greater potential. They are ordered from lowest to highest according to the involvement of the wood in them. We've listed the stock's popularity among the 895 hedge funds tracked by Insider Monkey that filed for second-quarter 13F.
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12. Intellia Therapeutics, Inc. (NASDAQ: NTLA )ARK Investment Share Price: $439.03000
ARK 13F Investment Portfolio Percentage: 2.59%
Number of Hedge Fund Holders: 27
Intellia Therapeutics, Inc. (NASDAQ: NTLA) is a biotechnology company developing therapies. The company has several programs to treat conditions such as transthyretin amyloidosis and hereditary angioedema.
Intellia Therapeutics, Inc. Share. They are classified as "overweight". (NASDAQ: NTLA ) August 4th from Swapnil Malekar to Piper Sandler. Analysts set a target of $163 per share. In June this year, Intellia Therapeutics, Inc. has been updated. (NASDAQ: NTLA) is referred to as a "buy" by BofA analyst Greg Harrison on the company's leading software and gene editing technology. Analysts expect sales to reach $3.5 billion by 2030.
In 2021, Intellia Therapeutics (NASDAQ: NTLA ) demonstrated that its product NTLA-2001 can genetically modify liver cells. This is an important scientific achievement.
There are 27 hedge funds Intellia Therapeutics, Inc. in the second quarter. (NASDAQ: NTLA) with a total value of $852 million. ARK Investment Management is the company's largest shareholder, owning 9.51 million shares worth over $439 million.
Intellia Therapeutics, Inc. (NASDAQ: NTLA) as Tesla, Inc. (NASDAQ: TSLA), Shopify Inc. (NYSE: SHOP ) and NVIDIA Corporation (NASDAQ: NVDA ) are currently among the woodworking best for 2022.
11. Shopify Inc. (NYSE: SHOP)ARK Investment Share Price: $455,203,000
ARK 13F Investment Portfolio Percentage: 2.69%
Number of hedge fund holders: 60
Shopify Inc. (NYSE: SHOP) is a retail and information technology company. The business platform and services are available in Canada, the United States, Europe, the Middle East, Africa, Asia Pacific and Latin America.
Atlantic Equities analyst Kunal Malde said Shopify Inc shares updated on Aug 11. (NYSE: SHOP ) from independent to extraordinary. In addition, Maldi has set a quota of $46.
The company's second-quarter revenue was $1.3 billion, up 15.7 percent year-on-year, up from $1.2 billion in the previous quarter. Shopify Inc. Earnings per share ( NYSE:SHOP ) is expected to grow 41% over the next three to five years.
60 of the 895 long-running hedge funds with Shopify Inc. (NYSE:SHOP) in the second quarter, and 72 buys in the previous quarter. The stakes are worth $3.3 billion and $5.8 billion, respectively.
10. CRISPR Therapeutics AG (NASDAQ: CRSP )Value of one share in ARK Investments: $564,683,000
ARK 13F Investment Portfolio Percentage: 3.33%
Number of hedge fund holders: 25
CRISPR Therapeutics AG (NASDAQ: CRSP) is a gene-editing company that develops gene-based drugs to treat disease. The company's technology enables precise and targeted modification of genomic DNA.
Pepper Sandler Edward Tinthoff has an Overweight rating on CRISPR Therapeutics AG (NASDAQ: CRSP) since 17 August. Tinthoff said in August that the Food and Drug Administration's approval of Bluebird Bio-Zinteglon for the treatment of beta-thalassemia could signal positive news for the CRISPR Therapeutics AG (NASDAQ:CRSP) exa-cel. Stifel analyst Benjamin Burnett is optimistic XA-Cell will get FDA approval.
Kathy Wood recently announced that Tesla, Inc. It has increased its holdings in several existing shares. (NASDAQ: TSLA) and Shopify Inc. (NYSE: SHOP), NVIDIA Corporation (NASDAQ: NVDA) and CRISPR Therapeutics AG (NASDAQ: CRSP). In the second quarter, the latter had 25 hedge funds and their stake was $724 million.
9. Twilio Inc. (NYSE: TWICE )ARK Investment Share Price: $586,053,000
ARK 13F Investment Portfolio Percentage: 3.46%
Number of hedge fund holders: 64
Twilio Inc. (NYSE: TWLO) is an information technology company that provides a cloud-based communications platform. The enterprise platform enables developers to create, extend, and manage customer interactions across software applications in the United States and globally.
JMP Securities analyst Patrick Wahravens assessed Twilio Inc's shares. (NYSE:TWLO) has an “Outperform” rating and a target price of $175 since August 5.
In the second quarter, Twilio Inc. NYSE:TWLO posted earnings of $0.11 per share, beating forecasts of $0.09. The company's revenue was $943 million, beating estimates of $22.4 million. Twilio Inc. (NYSE:TWLO) forecasts 30% earnings per share growth over the next three to five years.
Our hedge fund data shows that there were 64 long Twilio Inc hedge funds in the second quarter. (NYSE:TWLO) compared to 75 long-term equity funds in the last quarter. Their shares are worth $2.1 billion and $3.3 billion, respectively.
Carillon Tower Advisors, an investment management firm, Twilio Inc. (NYSE: TWLO) in its Q1 2022 Investor Letter. Here's what he had to say:
Twilio (NYSE: TWLO), a messaging and marketing automation software platform, has been sold along with other high-value SaaS providers. While the government expects strong growth, investors are increasingly concerned that demand could dwindle after the surge in digital communications during the pandemic.
8. UiPath Inc. (NYSE: PATH )ARK Investment Share: $641,751,000
ARK 13F Investment Portfolio Percentage: 3.79%
Number of hedge fund holders: 24
UiPath Inc. (NYSE:PATH) is a systems software company that provides a complete automation platform. The company is a supplier of various robotic process automation solutions in the US, Romania and Japan.
Derek Kingsley Canaccord of UiPath Inc. He hedged stocks. (NYSE:PATH ) on July 7 with a buy recommendation. Analysts set a price target at $25.
In June this year, UiPath Inc (NYSE:PATH) launched a non-GAAP operating income guide for 2023. The company expects revenue in the second quarter of next year to be between $229 million and $231 million. UiPath Inc (NYSE:PATH) expects non-GAAP operating income to be approximately $15 million next year.
ARK Investment Management is the largest shareholder of UiPath Inc. (NYSE:PATH) of 24 long-term stock hedge funds at the end of the second quarter. Wood Fund owns 37.6 million shares worth more than $641 million.
7. Teladoc Health, Inc. (NYSE: TDOC )ARK Investment Commission: $691,821,000
ARK 13F Investment Portfolio Percentage: 4.09%
Number of Hedge Fund Holders: 32
Teladoc Health, Inc. (NYSE: TDOC) is a healthcare technology company that provides virtual healthcare services in the US and internationally. The company's services and solutions cover non-urgent, current, chronic and complex illnesses.
DA Davidson analyst Robert Simmons started shares in Teladoc Health Inc. (NYSE: TDOC ) with a buy recommendation on August 11. Analysts also set a target price of $45 per share.
TDOC (NYSE:TDOC) lost $0.44 in the second quarter, beating consensus forecasts of $0.27. The company's revenue was $592 million, beating estimates of $5.1 million.
At the end of the second quarter, 32 long-term hedge funds owned by Teladoc Health, Inc. (NYSE: TDOC) with a combined value of $1.2 billion. Last quarter, 36 long-term hedge funds represented a total value of $1.9 billion.
6. Coinbase Global, Inc. (NASDAQ: MONEY )ARK Investment Share: $699,091,000
ARK Investments 13F Portfolio Share: 4.13%
Number of Hedge Fund Holders: 29
Coinbase Global Inc. (NASDAQ:COIN) is a cryptocurrency company that provides financial infrastructure and technology for the crypto economy in the US and around the world. The company gives retailers a large financial footprint in the US crypto economy.
Coinbase Global Inc. "Neutral" is rated. (NASDAQ:COIN), released by JPMorgan on August 17 by Kenneth Worthington. Analysts also have a target price for the stock of $64. Worthington Coinbase Global, Inc. (NASDAQ:Coin) will greatly benefit from the Ethereum integration. Because Coinbase Global, Inc. (NASDAQ:Coin) is the largest cryptocurrency exchange in the US, and based on daily trading volume, the company's Ethereum asset market share is 15%. Ethereum integration gives the company the opportunity to increase its revenue.
In the second quarter, 29 long hedge funds held Coinbase Global, Inc. They. (NASDAQ:COIN), of which ARK Investment Management is the largest shareholder. The total value of the COIN hedge fund positions is $1.2 billion, while the Wood fund holds 8.95 million shares of the company, valued at over $699 million.
From Tesla Inc. Together with. (NASDAQ: TSLA) and Shopify Inc. (NYSE: STORE), NVIDIA Corporation (NASDAQ: NVDA), Coinbase Global, Inc. (NASDAQ:COIN ) is an innovative company that Cathy Wood is most interested in. Be grateful. .
Hayden Capital, investment management firm Coinbase Global, Inc. (NASDAQ:COIN), in its Q2 2022 Investor Letter. Here's what the company said in a statement:
Coinbase (NASDAQ:Coin): The crypto ecosystem is evolving at a very fast pace and there have been many new developments since we first invested in Coinbase a year ago. Same value as in the past. Bitcoin -93% in 2011, -85% from 2013 to 2015, and -84% from 2017 to 2018. In this context, the recent decline is a very natural outcome for this new asset class.
One of the main reasons for this flexibility is that there is no "real use case" for the property yet. In our letter announcing last year's investment, cryptocurrencies are still "in the process of 'bridging the gap' in mainstream adoption and use, which will require millions of casual users to work with cryptocurrencies in one form or another. ..." (click here for article complete)
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Disclosure: No. Cathy Wood's Top 12 Q2 Portfolio was originally published on Insider Monkey.
