Cathie Wood’s Top 5 Stock Picks

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Today we present you with Insider Monkey’s latest article about Cathie Wood’s top 5 stock picks. Square, Inc. ranks the fifth on Ms Woods’s list with a value of $1,541,416,000. The change position in the size was 21%, and Square Inc makes 4.1% of her 13F portfolio. The company was established by Twitter CEO Jack Dorsey in 2009. The company is engaged in mobile payments and currently has a market cap of $99 billion. For the past year, the stock has rocketed around 200%, and Cathie Wood expects it to continue growing. The company has recently announced to purchase the majority stake in rapper Jay Z’s music streaming service Tidal by paying $297 million in cash and stock. During the third quarter there were 73 long hedge funds in the company, but at the end of the fourth quarter the number grew to 89 hedge funds. The largest stakeholder is ARK with owning 7.08 million shares, at a value of $1.5 billion in the company. Square Inc. is followed by Teladoc Health, Inc. on the fourth spot with a value of $1,566,153,000. The change position in the size was 289%, and Square Inc makes 4.2% of her 13F portfolio. Teladoc Health is headquartered in Texas and is involved in the profitable telemedicine market, which is extremely growing, especially now when the COVID-19 has stricken the world. It provides software solutions, such as video conferencing and teleconferencing tools to connect patients and doctors. A team of doctors also work for Teladoc who deal with patients with minor diseases remotely. In the third quarter of 2020 there were 47 long hedge funds in the company, while in the end of the fourth quarter there were 50 funds. ARK Investment Management is the largest stakeholder in Teladoc with having 7.8 million shares, at a value of $1.6 billion. Roku, Inc. stands on the second spot of Ms Wood’s list with a value of $1,785,212,000. The change position in the size was 36%, and Square Inc makes 4.8% of her 13F portfolio. Roku is headquartered in California and is involved in the media having a total subscriber of 51.2 million. ARK has $1.8 billion stake in the company, and there were 60 long hedge funds in Roku as of the end of the fourth quarter in 2020. For more information about Cathie Wood’s top 5 stock picks, please click and jump to see the entire original article.

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