🤩 Cathie Wood Just Bought These High Growth Stocks

요약 보기

결론: 캐시 우드는 중국 기술주를 대거 매도한 반면 테슬라·텔라닥·코인베이스 등 성장주는 꾸준히 매수하고 있어, 중국 규제 리스크를 투자 논리에 반영해야 한다는 메시지. 중국 규제 이슈: 베이징 당국의 기술·온라인 교육·부동산 관리 분야 규제 강화가 한 달간 이어졌고, ARK는 2월 고점 대비 중국 보유 지분을 80% 이상, 최근 한 달간 30% 이상 줄임. 휴야, 커얼커우, 텐센트, 핀둬둬, 메이투안, 바이두, 알리바바 등을 대량 매도. 진행자는 이를 '규제 리스크 가격 반영의 경고'로 해석. 보유 현황: 테슬라(TSLA)가 ARK 합산 운용자산의 7% 이상으로 최대 비중, 텔라닥(TDOC)이 20억 달러 이상으로 2위. 진행자는 텔라닥 실적 부진이 과도하게 반영됐다고 보고 3월부터 수백 주를 물타기 중이며 향후 비중이 더 늘 수 있다고 언급. 월간 매수 상위: 유아이패스(PATH), 트위터(TWTR), 유니티(U), 코인베이스(COIN), 드래프트킹스(DKNG). 모두 주가 상승이 아닌 실제 주식 수 추가 매수에 의한 비중 확대라고 설명. 유전체·헬스케어 축소: CRISPR, 인텔리아, 10X제노믹스 등 유전자·헬스케어 종목 비중 축소. 캐시 우드가 인터넷 기업 쪽 확신을 더 높게 보는 것으로 해석하며, 디지털 지갑·전자상거래·스트리밍·온라인 커뮤니케이션·전문 서비스 플랫폼 분야 탐색을 제안. 펀드별 동향: ARKK·ARKG·ARKQ 운용자산 약 10% 감소, ARKW·ARKF 약 5% 감소, ARKX 거의 변화 없음. ARKK가 전체의 51%. 전체 운용자산은 한 달간 약 8% 감소. 개별 종목: 로빈후드(HOOD) 신규 상장 후 ARKK에 1억 2천만 달러 이상 편입, 비중 확대 가능성 언급하나 진행자 본인은 중개자 구조와 게임스톱 사태 연루 때문에 투자 주저. 스킬즈는 주가 30% 이상 하락 후 ARK가 12% 축소. 닌텐도는 ARKW에서만 매도 중이며 향후 ARKK 편입 또는 추가 매도 가능성 언급. 트러스트 관련 GBTC는 비트코인 4만 달러 회복과 함께 비중 상승. 메르카도리브레(MELI) 딥 매수 성향 언급. 기타: ARKG는 로컬 신규 편입 RPTX, QSI, VERV를 소개하며 장기 분할 매수 전략 제시. ARKQ는 현금 비중이 1%를 넘어 이례적으로 높음을 지적. ARKX는 에어로바이런먼트(AVAV) 실적 쇼크 후 저점 매수 중. 엔비디아 4:1 액면분할(7월 20일) 영향 언급. 진행자는 본인이 ARK 주주이며 테슬라·텔라닥 대량 보유 중임을 공개했고, 방송은 오락 목적이며 투자 자문이 아니라고 명시함.

다듬은 글

※ 자동 자막 원문(다듬기 전)

01. Now that all of ARK Invest's trading data for July is in, I'd like share a quick update of Cathie Wood's biggest buys and sells and which companies I'm going to research next as a result. Full disclosure, I'm an ARK Invest shareholder and will be talking about stocks I have big positions in, like Tesla and Teladoc.

02. I'm not a financial advisor and everything I say about these stocks is for entertainment purposes only. (ARE YOU NOT ENTERTAINED??) Okay, your time is valuable, so timestamps are enabled for your convenience. The one thing I want to bring up before I dive into ARK Invest's trading data is the crackdown on Chinese tech companies that's been happening over the last month.

03. Regulators in Beijing unveiled sweeping policy changes to the technology sector and other industries like online education and property management. So, the big question is whether or not this is an opportunity to buy the dip. This quick Bloomberg clip is the best answer I've found so far. Usually, Cathie Wood makes calls that are against the grain and buys the dip when this kind of news comes out.

04. But this time, Cathie Wood trimmed her Chinese holdings by over eighty percent from February highs and by over thirty percent in the last month alone. ARK Invest has sold tons of shares in stocks like Huya, KE holdings, Tencent, Pinduoduo, Meituan, Baidu, and Alibaba. So, even though some of these great companies are looking cheap right now, I'm looking at this as a serious warning about how we should be pricing in regulatory risks.

05. Make sure you're really thinking about future crackdowns by Chinese regulators and updating your investment thesis in these kinds of companies accordingly. Alright, onto the data. If you combine all of Cathie Wood's actively managed funds, here's what's at the top July 30th. Tesla, ticker symbol T S L A, is leading the pack with well over $3 billion dollars across A R K Kay, A R K W double you, and A R K Q, which are the red, green, and light blue bars respectively.

06. Tesla is the biggest position in every fund it's in, and is over 7% percent of ALL of ARK Invest's combined assets under management. Teladoc, ticker symbol T D O C, is ARK Invest's second biggest position by a pretty large margin as well. Cathie Wood has well over $2 billion dollars in Teladoc and I wouldn't be surprised to see that number keep climbing in the near future.

07. In my opinion, the market is totally misunderstanding why Teladoc is underperforming expectations on earnings per share and I made an episode dedicated to explaining my reasoning. I'll leave a link to that in the top right hand corner of your screen right now and in the description below as well. Based on that research, I've been accumulating hundreds of shares of Teladoc since March and I'm aggressively averaging down.

08. As a result, Teladoc is quickly becoming one of my biggest positions. Pray for me. Here's another look at the same information, but in table form. That way, you can see how much of each stock is held in each fund. Each row is one stock, each column is one ARK fund, and they're sorted by total amount of money Cathie Wood has in that stock today.

09. Note that out of ARK Invest's top 10 holdings, only 2 are in ARKG right now and almost all of them are in ARKW. In my opinion, that means Cathie Wood still has greatly increased conviction in internet companies relative to genomics and healthcare companies, both of which compete for dollars in ARKK.

10. So, if you're looking for new stocks to research, I'd be looking at things like digital wallets, e-commerce, streaming services, online communications, and professional services platforms. Next, let's look at how assets under management changed for each fund since that provides us with a baseline to compare against.

11. Here is a plot showing how each fund has changed over the last 4 trading weeks. ARKK, ARKG, and ARKQ all got around 10% percent smaller over the last month. ARKW and ARKF are each about 5% percent smaller. ARKX, which just launched last quarter, isn't changing much in size at all, representing under 2% percent of all of ARK Invest's actively managed funds.

12. It's worth noting that ARKK is bigger than all of the other funds combined, representing 51% percent of Cathie Wood's assets under management. Overall, their A U M fell by about 8% percent over the month, so we're looking for position changes much higher or much lower than that number. Here's how their combined positions have changed over time.

13. Each row is one stock, the rows are sorted by the total size of ARK Invest's position in that stock, and each row is colored by the change in that position over the last month. So, the more green the row, the more that position grew relative to ARK Invest's assets under management, which shrank by 8% percent.

14. The more red the row, the more it shrank below that same 8% percent number. So, Cathie Wood's top 5 biggest overall buys for the month are: UiPath, ticker symbol P A T H Twitter, T W T R Unity Software, Ticker symbol U Coinbase, C O I N and Draftkings, D K N G If you're interested in my deep dives on UiPath, Coinbase, or Draftkings, check out my playlist of deep dives into growth stocks.

15. I'll put that in the top right hand corner of your screen right now and in the description below as well. Also, shout out to my Pateon and YouTube channel members who use these dashboards for themselves. A bunch of them spotted these buys in Unity Software before I did and have been requesting a deep dive on that stock for a while, so I'll be doing one very soon.

16. Note that all 5 of these position changes are due to Cathie Wood actually buying more shares, which is the left-most column in the table, not due to rallies in stock price. Likewise, another call-out worth making is that, out of ARK's top 5 positions, the only one Cathie Wood actually bought more shares of over the month is Teladoc as its price continues to slide.

17. Going back to what I was saying earlier, note that the reddest rows here are CRISPR therapeutics, Intellia Therapeutics, and 10X genomics, all of which are related to genomics or healthcare innovations. If I scroll down a bit on this table, we can add Beam Therapeutics, Twist Biosciences, Invitae, Iovance Biotherapeutics, and CareDX to that list.

18. This doesn't mean any of these are bad companies if you're in them for the long-term. Like I said earlier, what it means is that Cathie Wood would rather put more money from ARKK into internet companies than genomics companies, probably because she thinks they have a lot of room to run in the near future while the genomics age is still a little ways away.

19. Also, note that Skillz stock dropped in price by over 30% percent since the start of the month and Cathie Wood actually trimmed her position by 12% percent over the same time frame. Don't forget, just over ninety days ago, ARK's position in Skillz was literally 4 times smaller than it is right now, even after these sells, so I'm not sure if this is a legit loss in conviction, or if there were just so many great opportunities in other internet companies that Skillz had to get trimmed to free up some cash.

20. Now that I've gone through how to read these tables for ARK Invest's combined positions, I'll quickly show you the tables for each individual fund and point out some interesting trends. Feel free to pause the video and take screenshots as necessary. Let's start with ARKK, ARK Invest's flagship innovation fund.

21. Since ARKK is bigger than all the other funds combined, we're going to see that same trend of rotating out of genomics stocks and into the stocks I mentioned before: Coinbase, Unity, Twitter, UiPath, and so on. Another thing worth pointing out is that while it looks like Cathie Wood sold a lot of ROKU, a lot of the sells actually happened around ROKU's most recent rally before coming back down, so I think this was a trade around price action, not a loss in conviction.

22. I always keep my eye on ARK Invest's biggest positions, so I'll keep you updated if I think ROKU actually falls out of favor. Here's the bottom half of ARKK by weight. Robinhood, ticker symbol H O O D just IPOed a couple days ago and it's already over a $120 million dollar position inside ARKK and ARK Invest's 59th biggest position overall, the same type of initial pattern we saw with Coinbase stock, which is now ARK Invest's 6th biggest position.

23. I wouldn't be surprised if Cathie Wood's position in Robinhood keeps growing in the very near future. Personally, I'm hesitant to invest in Robinhood because of their role in the whole gamestop short squeeze fiasco and the fact that they make most of their money by selling their order flows to market makers.

24. That basically makes them an intermediary, the exact type of company I typically try to avoid. So, there's obviously some balance here between all of the innovative things Robinhood has done as a digitally-native investment platform and all the risks and drawbacks that come with them being such an obvious middleman.

25. Comment below if you want me to do a deep dive on Robinhood in the future or if any of the other companies I've mentioned so far interest you. I'm excited to hear which companies you're interested in the most. Note again that the reddest rows are Skillz stock followed mostly by companies found in ARKG, like I mentioned earlier.

26. Speaking of ARKG, let's move to that fund next. ARKG is ARK Invest's fund themed around the genomic revolution. The biggest positive change to the fund was actually UiPath, which is still the only company to be in every single ARK Invest fund. Besides Novartis and 10X genomics, many of these shrinking positions are due to these stocks dropping in price by 20 to 30 percent over the last month, dropping ARKG's price by almost 9% percent over that time period.

27. Moving to the bottom half of ARKG, we can see many of the smaller positions shrank by 20% percent or more as well and that cash was used to buy: Repare Therapeutics, ticker symbol R P T X Quantum-SI, ticker symbol Q S I and Verve Therapeutics, V E R V So, if you're looking into specific companies in the genomics space, those 3 companies are a good start for further research and if you're into ARKG in general, the skill I would practice here is dollar cost averaging down because this is a longer-term play.

28. Think about how big you want your total investment in this space to be and don't rush into it. Again, I'm not a financial adviser and that's just my two cents. Moving onto ARKW, ARK Invest's fund themed around the next generation of internet applications. We can see the same stocks I mentioned earlier topping the list.

29. In addition to those, those, Medcardolibre, ticker symbol M E L I and the Grayscale Bitcoin Trust, G B T C, both moved way up in terms of weight in the fund. G B T C rose 20% percent in price as Bitcoin went back over $40 thousand dollars per coin, and MercadoLibre is an Argentinian company focused on operating e-commerce marketplaces and online auctions, making it comparable to companies like Amazon and Alibaba.

30. Cathie Wood often buys this company on dips like the one that happened mid-month. If we look at the bottom half of the fund by weight, we can see a massive increase in Disney stock, ticker symbol D I S and Vuzix, V U Z I. Disney's streaming service, Disney Plus, is always going to be a solid business due to the sheer amount of IP that Disney owns like Marvel, Star Wars, ESPN, and so on.

31. Vuzix is a company that makes smart glasses for virtual and augmented reality in industrial applications and it looks like Cathie Wood has just been accruing on the latest big dip in price. And of course, this big red section is the selling out of Chinese tech companies like JD.com and Tencent. Here's an interesting fact.

32. ARK Invest is selling out of Nintendo, ticker symbol N T D O Y, in ARKW but NOT in ARKK, at least so far. If we go back to our bar chart of ARK Invest's combined holdings, Nintendo is the closest a company can be to being ONLY in ARKK, which usually contains stocks only found in other ARK funds. So, either ARK Invest is about to sell a ton more Nintendo stock in the near future or ARKK is about to have a stock in it that no other fund has.

33. Nintendo isn't a Chinese company and it's not part of this regulatory crackdown, at least to my knowledge; it's down right now because of the next round of PlayStation and xbox consoles coming out, as well as the upcoming handheld Steam Deck by Valve which will definitely directly compete with the Nintendo Switch.

34. I'm excited to see what Nintendo's answer will be; they definitely need one if they want to stay competitive. For ARKF, ARKQ, and ARKX, I'll only focus on the bigger positions because these funds are so small. The smaller positions in these funds tend to move up and down a lot, since they're some of ARK Invest's smallest positions overall.

35. First up is ARKF, ARK Invest's Fintech fund. Biggest positive changes in positions by a mile are, surprise surprise, Teladoc and UiPath, followed by a company called StoneCo, ticker symbol S T N E, a Brazilian Fintech company that provides end-to-end cloud-based solutions for merchants that want to combine in-store, online, and mobile channels to provide an integrated e-commerce experience.

36. Notably, Warren Buffet's Berkshire Hathaway owns about 8% percent of this company as well, so it could be a good one to research. Looking at the positions in the bottom half of ARKF by weight, we can see that many of the stocks being sold are again part of the regulatory crackdowns of Chinese tech companies; Tencent, Meituan, Pinduoduo, Ping An Health, Alibaba, and KE Holdings.

37. Not a lot going on at the bottom of this fund that I didn't already cover, but let me know in the comments below if you want me to spend more time on something specific in the future. Likewise, if we move onto ARKQ, ARK Invest's fund themed around the autonomous revolution, we can see that the reddest rows are JD.com and Baidu, more Chinese tech companies, followed by 3D Systems, which is an American company that focuses on manufacturing 3D printers, 3D scanners, and materials.

38. The biggest upward mover in ARKQ is, surprise surprise, Unity Software, ticker symbol U. Also, TuSimple, ticker symbol T S P, because ARK Invest has increased their share count by over 80% percent in the last month. TuSimple is a California-based company focused on building self-driving trucks for long-haul freight transport.

39. Their stock has collapsed from $63 dollars per share at the start of the month to $36 dollars per share at the end, so Cathie Wood must see something in this company that the rest of the market doesn't. Here's a quick look at how the bottom half of ARKQ by weight changed over the last month. Whenever you see this Dreyfus position in ARK's funds, that's just cash, specifically USD.

40. ARKQs cash position right now is well over 1% percent of the fund, which is unusually high for ARK Invest, so I'm curious to see how it gets spent in the near future. And finally, here's ARKX, ARK Invest's newest fund themed around space exploration. This fund is tiny and the biggest additions to it are Unity Software and UiPath yet again, as well as Aerovironment, ticker symbol A V A V, which is an American defense contractor that primarily focuses on unmanned aerial drones.

41. They reported earnings right before the start of July and their stock promptly dropped by about 15% percent due to missing revenue estimates by about half that, so Cathie Wood has been buying the dip. Here's the bottom half of ARKX by weight, just for completeness. Alibaba, Meituan, JD, and Tencent are all getting sold out of and the cash position inside the fund has increased as a result.

42. The only other thing I'll point out here is that NVIDIA, ticker symbol N V D A, had a 4 to 1 stock split on July 20th, which is why these numbers look so extreme. Overall, a slight 10% percent decrease to ARKX's actual position in Nvidia. Let me know in the comments below what you think about these monthly recaps.

43. Is it helpful for you to see ARK Invest's biggest buys and sells in each fund, or should I just cover their combined positions and talk more about each individual stock? I'm definitely happy to adjust these recaps based on your feedback. And of course, if you're interested in tracking this data for yourself in real time instead of waiting for my monthly recaps, these dashboards are available to my Disruptor and Insider-level patrons on patreon and channel members right here on youtube.

44. You can get access to them for yourself using the links in the description below. Either way, I hope this episode helped you understand which companies ARK Invest has been buying into over the last month, which companies they sold as a result of the regulatory crackdowns in China, and other stocks I'm watching out for like Skillz, Robinhood, and Nintendo.

45. If it did, let me know by investing in the like button and subscribing to the channel with all notifications turned on. That's a great way to stay up to date on all things ARK Invest and .