Cathie Wood has 37% of her Ark Invest portfolio invested in these 7 stocks

Cathie Wood follows the old advice of not putting all your eggs in one basket. Combined with her various arcs of investments and her funds, she holds positions in over 120 stocks.

However, this famous investor is not as diversified as you might think. Wood invests 37% of Ark Investment's portfolio in these seven stocks.

1. Coinbase Global

The current maximum amount of wood held is coinbase global (coin 7.12%). Shares of virtual currency exchange operators account for nearly 6.9% of Ark Invest's total portfolio.

Last year, Wood reiterated his prediction: Bitcoin It will eventually reach $1 million. If she's right, Coinbase should see significant growth in the future. However, Wood has sold millions of Coinbase shares in recent months.

2. Tesla

Perhaps it's not surprising tesla (TSLA 2.12%) It ranks high among Wood's holdings. The electric vehicle (EV) maker is currently her second-largest position, accounting for 6% of her overall Ark Invest portfolio.

Wood has long been a vocal advocate of Tesla's bulls. She claimed that by 2023, the company will be “the biggest AI opportunity in the world.” Ark Invest predicted in a report last year that Tesla's stock price could reach $2,000 by 2027, more than 10 times its current price.

3. Roku

Roku (Roku 1.16%) is Ark Investment's third largest holding, accounting for 5.8% of its portfolio. The company insists on this high position even though Wood has sold his stake in the streaming service in recent months.

Is Wood recanting his enthusiasm for Roku? Probably not. Ark Invest's sell-off may have been motivated by a desire to take some profits off the table and/or rebalance the portfolio a bit.

4.UiPath

Outside of Tesla, Wood may not be as bullish on any AI stock these days. UiPath (path 8.17%). The company is a leader in robotic process automation (RPA) software development. It currently accounts for just over 5.6% of Ark Invest's portfolio.

Ark Invest sees UiPath as part of the “AI sleeper wave.” The stock has not received as much attention from investors as the mega-cap “Magnificent Seven.'' However, Wood and her Ark Investment team believe that her RPA technology at UiPath will make significant inroads into large enterprises around the world in the coming years.

5. Block

block (SQ -2.83%), formerly known as Square, is Wood's top fintech stock. It accounts for nearly 5.2% of Ark Invest's total portfolio.

Ark Invest is reducing its position in the block slightly from the second half of 2023 onwards. But Wood continues to believe the company can transform the banking industry in the long term.

6. CRISPR Therapeutics

CRISPR Therapeutics (CRSP 1.71%) It is the only biotech stock in Wood's top seven. Almost 3.9% of Ark Invest's portfolio is invested in gene editing pioneers.

Thanks to recent regulatory approval of Kasugebi for the treatment of sickle cell disease and transfusion-dependent beta-thalassemia, CRISPR Therapeutics is now bringing its first product to market. Wood certainly has high hopes for the company's gene-editing programs for other diseases, particularly cancer.

7. Zoom video communication

A further 3.7% or so of Ark Invest's funds are invested. Zoom video communication (ZM 2.82%). Stocks soared during the coronavirus pandemic lockdown. But Wood's timing was not good. She started investing in Zoom in the fourth quarter of 2020, near peak levels. Since then, her stock price has plummeted.

However, that's not to say Wood prefers zooming depending on the weather. She purchased additional shares in the video communications company in her fourth quarter of 2023.

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Which of these top stocks owned by Cathie Wood is the best? I'd go with Brock.

In a market dominated by stocks with extremely high valuations, Block's price-to-earnings (PEG) ratio of 0.86 looks attractively valued to me. I think there is significant growth potential for the company's two core platforms, Square and Cash App.