Cathie Wood's Portfolio Restructuring: New Investments and Strategies
Discover how the renowned investor diversifies into innovative companies and leverages emerging trends

Cathie Wood, a respected tech investor, is using the recent gains from the crypto market to restructure her portfolio. Coinbase, one of the most well-known cryptocurrency exchanges, saw impressive profits in 2023 as the prices of cryptocurrencies like Bitcoin and Ether surged. This resulted in increased transaction fees for Coinbase, which make up a significant portion of their revenue. Cathie Wood had already placed her bet on Coinbase at the beginning of 2023, holding the stock as the largest position in her flagship fund, ARK Innovation ETF (ARKK), with a weight of eleven percent.
However, in December, Cathie Wood decided to take profits and sold 1.4 million shares worth over $200 million. This amounted to nearly one-fifth of her original position. The proceeds were invested in seven other stocks, including well-known names like Tesla, Zoom, Palantir, and Crispr. These companies had been in her portfolio for a while, and Wood regularly adjusts her positions in them.
Interestingly, Cathie Wood also made investments in three new stocks. The most significant of these new investments was the IT company Trade Desk. She entered the position in November and increased it by almost $74 million. Trade Desk is known for real-time personalization of digital advertisements using Artificial Intelligence (AI). While the stock showed strong performance in 2023 with a 60 percent gain, it experienced some fluctuations since July. Nevertheless, currently, 26 out of 32 analysts recommend buying the stock, with the average price target being approximately ten percent higher than the current price.
Another new investment by Cathie Wood in December was Recursion Pharmaceuticals. She invested an additional $28 million in the biotech company, which utilizes one of the world's most powerful supercomputers to discover drugs cost-effectively. While a collaboration with Nvidia gained attention, the stock has since seen a decline in profits as it may take some time for Recursion to become profitable. Currently, only a few analysts are optimistic, and the average price target has decreased.
Another interesting move by Cathie Wood was buying shares of the online photo-sharing company Pinterest in December. She invested approximately $23 million in this company, which has been on an upward trend since the end of October. Pinterest managed to increase its monthly active users and limit expenses. However, some analysts currently do not see further price potential for the stock, although a significant number of experts recommend buying or holding the stock. Cathie Wood's portfolio continues to be intriguing, showcasing how she actively adjusts her investments to capitalize on new opportunities.
