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3 Stocks Cathie Wood’s Ark Invest is Buying

Sam Boughedda trader
Updated 15 Aug 2023

Copycat investing, where an investor will replicate the trading/investing ideas of well-known investors or portfolio managers, is a popular practice. But, when tracking position disclosures, it can be difficult as they could come much later than the initial position entry. For example, 13F filings are due within 45 days after the end of the calendar quarter.


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


However, one extremely well-known investor, Cathie Wood, who runs the investment management firm Ark Invest, is highly transparent, sending trade information for all actively managed ETFs directly to investors' inboxes.

As a result, we can see what Ark is adding to its portfolio. So, here are three stocks Cathie Wood is buying:

Ginkgo Bioworks (DNA): The biotech business, founded in 2008 by five scientists from MIT, is based in Boston, Massachusetts. The synthetic biology service provider uses genetic engineering to make everything from food to materials to therapeutics.

Cathie Wood's firm has been increasing its position in DNA for the last couple of years and has recently purchased more shares, despite the stock struggling to gain momentum following its significant decline in 2021 and 2022. According to the website Stockcircle, Ark Invest owns 10.15% of the outstanding Ginkgo Bioworks stock. 

2U Inc (TWOU): The educational technology company provides digital education at scale for institutions such as non-profit colleges and universities. Shares of 2U are down more than 54% in the last 12 months, trading around their all-time lows. 

Nevertheless, while Ark Invest first purchased shares in the company in 2016, it recently started buying again, with Stockcirle, stating it owns 13.45% of the outstanding 2U stock.

Block Inc (SQ): The company, co-founded by Twitter creator Jack Dorsey, is a financial services and mobile payments company with firms such as Cash App and Square under its banner. It also owns the music platform Tidal. 

Wood's position in SQ is another that has continued to grow over the past two years, with the firm last purchasing SQ shares on August 4, according to CathiesArk. Block is also one of Ark's top ten holdings, making up more than 5% of its investment portfolio.

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YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.