This post is based on the interview taken by Insider Monkey from the CEO of ARK Investment Management, Cathie Wood. She is seeing a 20% return after the ending of this Unbelievable year 2020. As shared by Insider Monkey, according to a description available on the official website of ARK:
“ARK Investment Management is a registered investment adviser in the U.S. Securities and Exchange Commission. Founded by Cathie Wood, ARK’s goal is to focus solely on disruptive innovation while adding new dimensions to research. ARK uses an approach that cuts across sectors, market capitalizations, and geographies”.
The focus of the investment firm of Cathie, ARK, is on big-level investment opportunities available in the public markets that are evolving through the technological innovations which are revolving around AI, Blockchain technology, robotics, energy storage, and DNA sequencing. The biggest surprise in the stock portfolio attribution of Cathy is that the 4 largest contributors to the S&P 500 including Facebook, Amazon, Microsoft, and Apple provided her just 20 out of 600 total points. Let’s start with the list of best stocks to buy for next 5 years which are shared by Cathie:
On top of the list shared by Cathie from her stock portfolio is Tesla. She has around 3.43 million shares in the company which accounts for approximately 8.7% of the overall stock portfolio. The value of these shares is above $2.4 billion and this stock holds the biggest place in the portfolio of Cathie. This has been observed that if the race of autonomous vehicles is won by Tesla, then it would easily emerge as a highly valuable firm on this planet. Invitae Corporation is in 2nd place in the stock portfolio of Cathie in which she had invested around $1.2 billion by the end of September 2020. Other hedge funds showing bullish behavior on this stock include Casin Capital and Baker Bros. Invitae Corporation is losing intentionally huge amounts of money for undercutting its competitors and emerging as the runaway leader in the field of genetics across every healthcare area, by collecting a huge database of tests of customers. Another company in the stock portfolio of Cathie is ROKU whose shares could be purchased and held for the next 5 years. She had made an investment of around $750 million in shares of ROKU until September 2020. This is one of the well-known technology stock companies amongst hedge funds. Approximately 59 different hedge funds have shown a bullish attitude on the stocks of ROKU. If you want to check other stocks that can be held up to the next 5 years, then check out the article “10 Best Stocks To Buy and Hold For 5 Years.”