Cathie Wood

Cathie Wood’s ARK Investment Management ended 2026-Q1 with $12.9 billion under management, and the portfolio remains a concentrated bet on a handful of disruptive themes. Tesla is still the largest position at 8.2% of the fund, a holding Wood has trimmed and rebuilt over multiple quarters but never abandoned. The rest of the top ten is a mix of AI infrastructure, genomics, and digital assets. Advanced Micro Devices, CRISPR Therapeutics, and Shopify each sit between 3.8% and 4.3%, while Palantir, Tempus AI, Circle Internet Group, Robinhood, Coinbase, and Teradyne round out the list. The most distinctive feature of this portfolio is its heavy tilt toward crypto and fintech. Circle, Robinhood, and Coinbase together account for nearly 10% of assets, a concentration that few large-cap growth managers would tolerate. Wood is effectively treating stablecoin infrastructure and retail trading platforms as core holdings, not satellite bets. That puts ARK in a different lane from most tech funds, which have gravitated toward mega-cap software and semiconductor names. Teradyne, a test equipment maker, is the only traditional industrial exposure in the top ten, and it fits the automation thesis rather than the broader market. Wood’s recent moves show she is doubling down on this divergence. Tempus AI, a healthcare data company, and Circle, the issuer of USDC, are both relatively new additions that have climbed into the top ten. The fund is not chasing the largest AI winners; it is buying smaller, higher-volatility names that offer more upside if the themes play out. That approach has produced sharp drawdowns in the past, but the current positioning suggests Wood sees the same setup again: a narrow set of technologies she believes will compound for years, regardless of what the rest of the market does.