Cathie Wood got back on track last year. The CEO and stock picker of Ark Invest’s aggressive growth exchange-traded funds (ETFs) trounced the market in 2023 after fading awfully in back-to-back years.
She publishes the daily transactions across her ETFs, so what’s she buying these days? Wood added to her existing positions in Tesla (TSLA -2.76%), Ark 21Shares Bitcoin ETF (ARKB -1.86%), and Cerus (CERS -0.45%) on Thursday. Let’s look at a closer look at the stocks she is buying.
Tesla
Wood doesn’t hesitate in adding to some of her positions when they fall out of favor, and that was the case on Thursday for Tesla. Shares of the leading maker of electric cars shifted into reverse for a 12% drop after the company posted disappointing financial results. Wood took advantage of the sale to add to her top holdings.
Tesla posted an adjusted profit of $0.71 a share on $25.2 billion in revenue for the holiday quarter, falling short of…
