Cathie Wood, head of Ark Investment Management, has a history of buying stocks shortly after their IPOs.
In recent years, Wood's Ark funds have invested in newly public companies such as Tempus AI (TEM), Coinbase (COIN), and CoreWeave (CRWV), reflecting her strategy of gaining early exposure to high-growth businesses in artificial intelligence, cryptocurrency, and cloud computing.
Now, Wood is making another IPO bet, buying more than $529 million worth of ****** eX stock.
In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500's return of 17.88% in the same period. But so far this year, Wood's flagship Ark Innovation ETF (ARKK) is down 2.85%, while the S&P 500 surged 8.56%, Yahoo Finance data shows.
Wood gained a reputation after the Ark Innovation ETF delivered a 153% return in 2020. However, her style also brings painful losses in bearish markets, as seen in 2022, when the Ark Innovation ETF tumbled more than 60%.
In recent years, Wood's Ark funds have invested in newly public companies such as Tempus AI (TEM), Coinbase (COIN), and CoreWeave (CRWV), reflecting her strategy of gaining early exposure to high-growth businesses in artificial intelligence, cryptocurrency, and cloud computing.
Now, Wood is making another IPO bet, buying more than $529 million worth of ****** eX stock.
In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500's return of 17.88% in the same period. But so far this year, Wood's flagship Ark Innovation ETF (ARKK) is down 2.85%, while the S&P 500 surged 8.56%, Yahoo Finance data shows.
Wood gained a reputation after the Ark Innovation ETF delivered a 153% return in 2020. However, her style also brings painful losses in bearish markets, as seen in 2022, when the Ark Innovation ETF tumbled more than 60%.
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