Cathie Wood Has Bet Big On These 10 Stocks; Here’s How They’re Performing

Cathie Wood, CEO and founder of Ark Invest, says she invests on a five-year time horizon, betting big on speculative growth names such as Tesla (TSLA), Roku (ROKU), Zoom Video Communications (ZM), Exact Sciences (EXAS) and Shopify (SHOP). But in 2022 at least, Ark’s 10 biggest holdings are down sharply.

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Exact Sciences is the biggest holding across Ark Invest’s various ETFs as of Dec. 9, followed by Zoom Video Communications, Tesla, Roku and UiPath (PATH). Square-parent Block (SQ), Shopify, Teladoc Health (TDOC), Beam Therapeutics (BEAM) and Crispr Therapeutics (CRSP) round out Cathie Wood’s 10 largest stock positions.

Cathie Wood’s Top Holdings: 2022 Performance

Company
Ticker
2022 YTD change
Vs. all-time high

Exact Sciences
EXAS
-42.7%
-72.0%

Zoom
ZM
-60.8%
-87.7%

Tesla
TSLA
-49.2%
-56.8%

Roku
ROKU
-77.3%
-89.5%

UiPath
PATH
-70.0%
-85.6%

Block
SQ
-60.0%
-77.7%

Shopify
SHOP
-72.1%
-78.2%

Teladoc Health
TDOC
-70.4%
-91.2%

Beam Therapeutics
BEAM
-47.1%
-69.6%

Crispr Therapeutics
CRSP
-35.4%
-77.8%

CRSP stock is the best year-to-date performer of these big Ark holdings, and it’s still down 35%. ROKU stock is the laggard, plunging 77% in 2022. Tesla stock is off 49%, better than the average decline of 58.5%.

Meanwhile, the S&P 500 is down 17.45% so far this year, while the Nasdaq composite is off 29.7%. The Dow Jones Industrial Average has declined just 7.9%.

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Teladoc Leads Ark Declines From All-Time Highs

All of Ark Invest’s top 10 stocks are down even more from their record highs set in 2020 or 2021. TDOC stock has crashed 91% from its February 2021 peak. Tesla stock is 57% below its November 2021 top, and that’s the smallest decline.

On average, these 10 top Ark Invest holdings are off nearly 79% from all-time highs.

Cathie Wood Adds To Losers

Cathie Wood and Ark Invest didn’t buy right at the top on all these stocks. She prefers to buy on weakness and sell on strength.

She substantially whittled down Ark Invest’s Tesla stake was closer…

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