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- 1 Investors know ARK Invest largely for their foray into the ETF space.
- 2 Helmed by Cathie Woods, the investment firm has achieved some major feats in its space.
- 3 Besides being a frontrunner in the ETF world, the company has also got some impressive stock holdings.
ARK Investment Management LLC, aka ARK Invest, is an investment management firm established by Cathie Wood in 2014. The company maintained notable revenue with assets under management. It also manages a number of exchange-traded funds actively.
Cathie Wood, a renowned personality in global finance, founded ARK to bring some disruptive innovation. She started the company in 2014 with just 4 active funds and soon began to expand its portfolio. In less than a decade, it has diversified its investment and put money in a number of industries. While ARK has been a torchbearer in ETFs, its stock portfolio is also worth all the praise.
5 Stocks of ARK That You Would Want to Invest in Too
Here are some stocks that ARK has chosen after doing due diligence.
Roku, Inc. (NASDAQ)
Roku is a TV streaming platform that is making strides to gain the top spot in its niche. ARK owns 12 million shares of the company, which is worth $493 billion. The total sum of shares makes the investment company a leading shareholder of the streaming firm. Also, the latter’s performance in the recent quarter has been impressive.
Shopify Inc. (NYSE)
Shopify is one of the leading platforms that helps businesses get their e-commerce website. ARK has 13.3 million shares of the company, which gives it a total of 3.99% of ownership. The total value of the shares is $460.9 billion. The e-commerce service provider has all growth prospects in its favor. It’s a go-to choice for many businesses and is steadily giving great performance.
Teladoc Health, Inc. (NYSE: TDOC)
Teladoc provides virtual healthcare services in various countries. ARK bought 18.9 million shares of it which are worth $447.7 billion. The shares give 3.87% of ownership to the investment firm. Healthcare is one of the sectors that remain unaffected by many, and it generates steady revenues too. Teladoc has also done an excellent job so far.
Twilio Inc. (NYSE: TWLO)
It is a cloud communications platform that operates in several countries. ARK bought 7.4 million shares of it and got ownership of 3.14% of the company. The value of shares is worth $362.8 billion. The cloud service provider is doing really on all fronts. It is expanding its operations and eyeing more organizations in its clientele.
Intellia Therapeutics, Inc. (NASDAQ: NTLA)
Intellia is a genome editing company with base operations in the development of therapeutics. ARK holds 9.4 million shares of it which comes to 2.84% of ownership. The investment is worth $328.7 billion. The firm is doing quite well in its niche and projecting profits in the forthcoming quarters.
Conclusion
ARK Invest is one of the firms that bring a new approach to finance. It has not just focused on a new instrument of investment. It has shown a new direction to many other firms. It has also emphasized making crypto a mainstream investment source by applying for ETFs of many cryptos. The company has done a great job of diversification in a strategic manner. And with steady growth, it is proving its acumen and emerging as a pioneer.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
