Stock Market Analysis

What Are ARK Invest’s Top 10 Holdings In April?

In a growing and innovative world, it is no wonder that these 10 interesting, yet diverse stocks form the top holdings for Ark’s innovation ETF.

ARK Invest’s thesis is to seek out and invest in new, innovative companies that are disrupting traditional business sectors and bringing new technology into the mainstream. The company is headed by Cathie Woods, an inspirational and intelligent investor, under whom ARK has exploded in popularity. 

The most popular of her funds are the ARK Innovation ETF (NYSEARCA: ARKK) which does exactly what it sounds like — it focuses upon companies that are developing or have developed disruptive technology that could potentially change the way the world works. This fund currently holds $17.68 billion in assets with its typical number of holdings varying between 35 and 55. Of those, the below list is a quick round-up of the top holdings in the ARKK fund.

ARK Innovation’s top 10 holdings

All figures are accurate as of March 30, 2021.

Tesla (10.59%)

Tesla (NASDAQ: TSLA) is a very popular electric vehicle and clean energy company. Whilst the company has its many critics, no-one can deny that this company has sparked a fire under the electric car revolution and has directly contributed to the growth in the number of clean energy cars on the road. 

Square Inc (6.35%)

Co-founded by Twitter’s Jack Dorsey, Square (NYSE: SQ) is a financial services company that is currently rivaling the likes of PayPal and the big banks. Its software and hardware products help small and medium-sized businesses with financials, whilst its app is a new way for P2P payments to be carried out daily. 

Teladoc Health Inc (6.22%)

A poster child of the pandemic, Teladoc (NYSE: TDOC) has seen its stock drop coming into 2021. Yet, this company is at the forefront of helping people receive healthcare without physically visiting the doctor. Although the pandemic will eventually dissipate, digital healthcare will remain a viable way for those in rural areas, or with autoimmune diseases to check in on their health. 

Roku (5.3%)

Roku (NASDAQ: ROKU) manufactures a variety of different digital media player devices allowing customers to organize their multiple streaming services into one place. Roku has an advertising business alongside these media players which generate revenue in addition to the licensing deals it makes with other companies for its software. 

Zillow Group Inc – C (3.73%)

Online real-estate company Zillow’s (NASDAQ: ZG) stock price, at its peak in mid-February, had grown 450% in 12 months. The company was founded in 2006 by former Microsoft executives and it went public in 2011. Since then it has gone from strength to strength providing digital solutions for home-owners and home-buyers.

Zoom Video Communications (3.38%)

Having gone public in 2019, Zoom (NASDAQ: ZM), and its investors were perfectly positioned to benefit from its surge in popularity once the pandemic forced the majority of us to work from home. Zoom took an already existing business idea, but they perfected it, integrating many features seamlessly for a higher-tech peer-to-peer video conference experience. 

Baidu Inc – SPON ADR (3.27%)

Baidu (NASDAQ: BIDU), is one of the world’s largest internet and AI companies and it is the go-to search engine for the majority of China. The company is well-known in the hospital sector as dedicated to improving the health and welfare of Chinese citizens, having developed numerous AI-powered services to help doctors across the country.

Spotify Technologies (3.23%)

Spotify (NYSE: SPOT) has been a firm favorite of the ARKinvest fund as it is a continuously growing business that regularly boasts the majority share of the music streaming market. In addition, Spotify has been making a concerted effort to broaden and develop its podcasting business signing huge pop-culture icons such as the Kardashians.  

Shopify Inc (3.23%) 

The Canadian e-commerce platform Shopify (NYSE: SHOP) has recently solidified its position as a rival to eBay and Amazon as it currently powers more than 1 million businesses around the world. Shopify was one of the first to foresee the omnichannel retail market for small retailers, introducing a POS system that helped owners build up a digital presence. 

CRISPR Therapeutics AG (2.81%)

CRISPR Therapeutics (NASDAQ: CRSP) is a biotechnology company that aims to push the boundaries of what we know about science, and in particular, our genes. Its therapies aim to treat a myriad of human illnesses including Hemoglobin-related diseases, cancer, and genetic diseases. It also is looking at different types of regenerative medicine by developing methods of gene editing.

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MyWallSt operates a full disclosure policy. MyWallSt staff currently holds long positions in companies mentioned above. Read our full disclosure policy here

Poppy Murray
Poppy Murray
Poppy is a contributing writer to MyWallSt. Poppy likes companies that go the extra mile. Her favorite stock is Amazon because she is fond of its innovation, variety, and creative solutions to sustainability.