Cathie Wood's Ark Invest Adds UiPath, The Trade Desk, and Nu to Its Portfolio

Last week saw active portfolio management from Cathie Wood, the celebrated CEO and chief investment strategist at Ark Invest. Wood, known for her keen eye in picking growth stocks for her ETF portfolios, made some notable purchases, reinforcing Ark Invest's policy of transparent and daily trading disclosures. These investments provide a glimpse into Wood's current strategy and where she envisions potential growth.

UiPath on the Upswing

Amid rising human labor costs and a push for greater efficiency, Wood increased her position in UiPath, a cloud-based automation software firm. Despite trading considerably below its IPO price from three years prior, UiPath has rebounded, more than doubling in price from its low point 14 months ago. With the company's recent financial update reflecting record results and Wood's subsequent investment into it, UiPath demonstrates both the demand for automation and the potential Wood sees in its growth trajectory.

The Trade Desk Takes the Lead

Within the advertising realm, The Trade Desk stands out with its programmatic advertising model, which Wood has keyed into. With eight years of successive double-digit revenue growth, the company delivered a strong performance that exceeded market expectations, despite falling short on earnings. The optimism for accelerating growth is evident, especially with The Trade Desk's positive guidance for the upcoming quarter—factors that influenced Wood's decision to buy into the company.

Nu's Impressive Growth

Nu Holdings, known for its brand Nubank in Latin America, is the most dynamic of Wood's recent acquisitions with a nearly threefold increase in value. In a little over a decade, Nu has revolutionized banking in regions like Brazil, where it's become a major fintech player. It recently showcased a 57% increase in revenue with substantial gains in adjusted and reported net income. Consistent profitability over the past six quarters places Nu firmly on Wood's radar for growth potential.

Overall, investments in UiPath, The Trade Desk, and Nu reveal Cathie Wood's strategic focus on companies with robust growth prospects. As Ark Invest continues to adjust its holdings, the market watches keenly to see where Wood will next place her bets.

ArkInvest, CathieWood, Stocks