ARK Investment Management LLC focuses on investing in long-term "innovation". Cathie Woods is the main advisor for the firm who likes to buy fast growth companies that are in the early stages of their growth cycle.
From the ARK website, Cathie registered ARK Investment Management LLC (“ARK”) as an investment advisor with the U.S. Securities and Exchange Commission in January 2014. With over 40 years of experience identifying and investing in innovation, Cathie founded ARK to focus solely on disruptive innovation while adding new dimensions to research.
During the COVID-19 pandemic, ARKK managed to get ahead of the market and invested in a lot of high-flyers like Zoom, Peloton, Tesla, Exact Sciences, Roku, Draftkings, Coinbase and many others. Assets under-management swelled to nearly $28 Billion durning this time and many thought that Cathie could do no wrong. Fast forward to 2022, and the fund has lost a lot of its luster. The ARK fund is down over 63% YTD and now there is a fund SARK that basically bets the opposite of Cathie Woods by shorting everything that she buys. See the chart above for the YTD performance of ARKK vs SARK. They trade inversely. If you're looking for a way to bet against Cathie Woods then you might want to check out SARK.
Here are the current stocks owned by ARKK:
(ZM) Zoom Video Communications Inc
(TSLA) Tesla Inc
(EXAS) Exact Sciences Corp
(ROKU) Roku Inc
(SQ) Block Inc
(PATH) UiPath Inc
(SHOP) Shopify Inc
(TDOC) Teladoc Health Inc
(U) Unity Software Inc
(CRSP) CRISPR Therapeutics AG
(BEAM) Beam Therapeutics Inc
(NTLA) Intellia Therapeutics Inc
(COIN) Coinbase Global Inc
(DKNG) DraftKings Inc
(TWLO) Twilio Inc
(RBLX) Roblox Corp
(HOOD) Robinhood Markets Inc
(PD) PagerDuty Inc
(DNA) Ginkgo Bioworks Holdings Inc
(VCYT) Veracyte Inc.
