In the last few months, the CEO of ARK Investment Management has seen nearly all of her stocks go negative. This is a dramatic decrease from $41 billion in the third quarter of 2021 to $33 billion at the end of this quarter. In the pandemic-fueled stock market craze, ARK Investment Management was a big winner. During October and December, her fund purchased a total of 75 new stocks, as well as an additional 90 new stocks. In the fourth quarter of 2021, Wood sold some of the best software stocks, including Meta Platforms.
Here is Insider Monkey’s list of 10 software stocks to sell now according to Cathie Wood. Amazon.com, Inc. is a Washington, D.C.-based tech giant. It has a wide range of vested interests in the world of cloud computing software. With 4.1 million shares worth more than $13.9 billion, Citadel Investment Group is the largest shareholder. At the end of December 2021, ARK held 211,328 shares of Veeva Systems Inc. worth $53.9 million, or 0.16 percent of its portfolio. PayPal Holdings, Inc. is one of Fisher Asset Management’s largest holdings, with 14.4 million shares valued at over $2.7 billion. Since the first quarter of this year, ARK has owned the company. In December 2021, ARK held $23 million worth of Opendoor Technologies Inc. shares or 0.07 percent of the company’s total holdings. In late 2020, the company was added to the ARK investment portfolio. Cloudflare, Inc. was the subject of a $1.5 billion hedge fund investment at the end of the fourth quarter of 2021, according to the Insider Monkey database. Since 2020, ARK has owned the cloud company. For more details, click 10 Software Stocks To Sell Now According To Cathie Wood.