{"id":1778326,"date":"2022-12-17T06:09:02","date_gmt":"2022-12-17T11:09:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1778326"},"modified":"2022-12-17T07:03:37","modified_gmt":"2022-12-17T12:03:37","slug":"money-manager-cathie-wood-lost-money-on-every-single-stock-she-owns-this-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/money-manager-cathie-wood-lost-money-on-every-single-stock-she-owns-this-year\/","title":{"rendered":"Money Manager Cathie Wood Lost Money on Every Single Stock She Owns This Year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmoney-manager-cathie-wood-lost-money-on-every-single-stock-she-owns-this-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1778326&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/ETFpic-cathiewoodarkinvest-01-news.jpg\" class=\"ff-og-image-inserted\" alt=\"image\"   style=\"display:none\"><\/div>\n<p>Even in a bad year, most investors at least have a few stocks they can brag about. Not so this year with <a href=\"https:\/\/www.investors.com\/news\/management\/leaders-and-success\/cathie-wood-ark-invest-shows-you-her-winning-playbook\/\">Cathie Wood&#8217;s<\/a> ARK Innovation ETF (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=ARKK\" target=\"_blank\" rel=\"noopener\">ARKK<\/a>).<\/p>\n<p><span><br \/>\n<span class=\"video-player-container vms-left\"><br \/>\n<span class=\"shortcode-video\" data-nosnippet=\"true\" data-captions=\"[{\" name><br \/>\n<span class=\"close-mini-vid\">X<\/span><br \/>\n<span id=\"shortcode-video-player-7829648-639db01435885\" class=\"ready-to-load\"><\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p>The popular $7.1 billion-in-assets ETF currently holds 30 stock positions. And all of them are down this year. And not by a little. The average drop of the stocks in the ETF&#8217;s portfolio is nearly 60%, says an Investor&#8217;s Business Daily analysis of data from S&#038;P Global Market Intelligence and <a href=\"https:\/\/marketsmith.investors.com\/?src=A012BF\">MarketSmith<\/a>.<\/p>\n<p>ARK Innovation&#8217;s total loss this year is nearly 63%, says Morningstar Direct. That&#8217;s the largest drop among the more than 230 actively traded diversified ETFs. The S&#038;P 500, in contrast, is down just 14.4% including dividends.<\/p>\n<p>Struggles of one of the most popular actively managed ETFs this year underscore how quickly and dramatically the <a href=\"https:\/\/investors.com\/etfs-and-funds\/sectors\/sp500-vanguard-predicts-global-recession-next-year-why-to-believe\/\">market changed this year<\/a>. Many of the hottest stocks during the 2020 rally fueled by low interest rates are the biggest victims to rising rates.<\/p>\n<p>&#8220;The more narrowly focused thematic ETFs suffered the most and perhaps are too concentrated for many shareholders,&#8221; said Todd Rosenbluth, head of research at VettaFi.<\/p>\n<h2>Biggest Holes In The ARK<\/h2>\n<p>ARK Innovation holds more than its fair share of catastrophes. Three stocks in its current portfolio are down 80% or more.<\/p>\n<p>The ETF&#8217;s hardest hit stock is health care play <strong>Invitae<\/strong> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=NVTA\" target=\"_blank\" rel=\"noopener\">NVTA<\/a>). The company that helps collect genetic data from patients has seen its stock crash more than 85% this year. The company reported disappointing quarterly results on Nov. 8, when it lost $1.27 a share, much worse than the 84 cents a share analysts expected. The stock&#8217;s drop is not a huge blow for ARK Innovation, as the position only accounts for less than 1% of the portfolio.<\/p>\n<p>But the same can&#8217;t be said about two of ARK Innovation&#8217;s other two losing stocks: financial <strong>Coinbase<\/strong> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=COIN\" target=\"_blank\" rel=\"noopener\">COIN<\/a>) and technology stock <strong>Twilio<\/strong> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=TWLO\" target=\"_blank\" rel=\"noopener\">TWLO<\/a>). Combined, the two stocks account for nearly 7% of ARK Innovation&#8217;s portfolio. And both companies, both <a href=\"https:\/\/www.investors.com\/etfs-and-funds\/sectors\/sp500-founders-run-their-companies-into-the-ground-and-you-pay\/\">led by the founders<\/a>, are down more than 80% this year.<\/p>\n<h2>Huge Hits To ARK Invest<\/h2>\n<p>The stocks ARK Innovation owns that have dropped this year hurt. And the ETF&#8217;s biggest positions leave the biggest marks.<\/p>\n<p>And that&#8217;s why the 60% drop in <strong>Zoom Video<\/strong> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=ZM\" target=\"_blank\" rel=\"noopener\">ZM<\/a>) stings ARK Invest. The online video conferencing technology company, which was a household name during the pandemic, is wavering now. The company&#8217;s hyperactive growth is slowing down fast. Analysts think the company will make $3.95 a share on an adjusted basis this fiscal year, down more than 20% from the previous year.<\/p>\n<p><strong>Tesla<\/strong> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=TSLA\" target=\"_blank\" rel=\"noopener\">TSLA<\/a>), a big position for ARK Invest at 7.1% of the portfolio, also lost more than half its value this year.<\/p>\n<h2>ARK Investors Stay Onboard<\/h2>\n<p>Investors in the ARK Innovation ETF, though, aren&#8217;t letting some red ink scare them.<\/p>\n<p>Investors poured $1.4 billion into the ARK Innovation ETF this year, says Rosenbluth. That makes the ETF unique among ARK&#8217;s family of funds, most of which have seen investors pulling money out. The whole family of ARK ETFs posted a combined outflow of $483 million this year, Rosenbluth says.<\/p>\n<p>&#8220;Investors have largely stayed committed to the disruptive technology thematic approach ARKK offers despite the fund&#8217;s sharp losses,&#8221; he said. That&#8217;s very unusual, as investors usually pull money out of ETFs that are down &#8220;significantly&#8221; to move into hotter areas of the market.<\/p>\n<p>Rosenbluth thinks most investors use funds like ARK Innovation for a small slice of their long-term portfolio. And that helps them be patient with losses.<\/p>\n<p>&#8220;Many shareholders are committed to the ARKK approach and are likely looking for 2023 to be a bounce-back year,&#8221; he said.<\/p>\n<h2>Ark Innovation&#8217;s Biggest Losers<\/h2>\n<p><em>Largest percentage losses this year<\/em><\/p>\n<table class=\"tableizer-table\">\n<thead>\n<tr class=\"tableizer-firstrow\">\n<th>Company<\/th>\n<th>ticker<\/th>\n<th>Weight in ARKK portfolio<\/th>\n<th>Stock year-to-date % ch.<\/th>\n<th>Sector<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Invitae<\/td>\n<td> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=NVTA\" target=\"_blank\" rel=\"noopener\">NVTA<\/a>)<\/td>\n<td>0.56%<\/td>\n<td>-85.8%<\/td>\n<td>Health Care<\/td>\n<\/tr>\n<tr>\n<td>Coinbase Global<\/td>\n<td> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=COIN\" target=\"_blank\" rel=\"noopener\">COIN<\/a>)<\/td>\n<td>3.21%<\/td>\n<td>-84.1%<\/td>\n<td>Financials<\/td>\n<\/tr>\n<tr>\n<td>Twilio<\/td>\n<td> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=TWLO\" target=\"_blank\" rel=\"noopener\">TWLO<\/a>)<\/td>\n<td>3.68%<\/td>\n<td>-80.6%<\/td>\n<td>Information Technology<\/td>\n<\/tr>\n<tr>\n<td>Ginkgo Bioworks<\/td>\n<td> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=DNA\" target=\"_blank\" rel=\"noopener\">DNA<\/a>)<\/td>\n<td>2.27%<\/td>\n<td>-79.8%<\/td>\n<td>Materials<\/td>\n<\/tr>\n<tr>\n<td>Roku<\/td>\n<td> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=ROKU\" target=\"_blank\" rel=\"noopener\">ROKU<\/a>)<\/td>\n<td>7.01%<\/td>\n<td>-77.9%<\/td>\n<td>Communication Services<\/td>\n<\/tr>\n<tr>\n<td>Unity Software<\/td>\n<td> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=U\" target=\"_blank\" rel=\"noopener\">U<\/a>)<\/td>\n<td>4.03%<\/td>\n<td>-77.3%<\/td>\n<td>Information Technology<\/td>\n<\/tr>\n<tr>\n<td>10x Genomics<\/td>\n<td> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=TXG\" target=\"_blank\" rel=\"noopener\">TXG<\/a>)<\/td>\n<td>1.59%<\/td>\n<td>-76.5%<\/td>\n<td>Health Care<\/td>\n<\/tr>\n<tr>\n<td>Fate Therapeutics<\/td>\n<td> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=FATE\" target=\"_blank\" rel=\"noopener\">FATE<\/a>)<\/td>\n<td>1.65%<\/td>\n<td>-73.7%<\/td>\n<td>Health Care<\/td>\n<\/tr>\n<tr>\n<td>Shopify<\/td>\n<td> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=SHOP\" target=\"_blank\" rel=\"noopener\">SHOP<\/a>)<\/td>\n<td>4.73%<\/td>\n<td>-72.2%<\/td>\n<td>Information Technology<\/td>\n<\/tr>\n<tr>\n<td>UiPath<\/td>\n<td> (<a class=\"ticker\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=PATH\" target=\"_blank\" rel=\"noopener\">PATH<\/a>)<\/td>\n<td>5.19%<\/td>\n<td>-69.6%<\/td>\n<td>Information Technology<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5>Sources: IBD, S&#038;P Global Market Intelligence<\/h5>\n<h5><em>Follow Matt Krantz on Twitter @<a href=\"https:\/\/twitter.com\/mattkrantz\">mattkrantz<\/a><\/em><\/h5>\n<section class=\"stock-market-today\">\n<article class=\"clearfix post-8068486 post type-post status-publish format-standard has-post-thumbnail hentry category-sectors tag-all-news-and-stock-ideas tag-snap-stories prim_stock_symbol-voo prim_stock_symbol-spy prim_stock_symbol-abmd prim_stock_symbol-eqt prim_stock_symbol-hal article_type-staffarticle distribution_rights-distribute\">\n<\/article>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Even in a bad year, most investors at least have a few stocks they can brag about. Not so this year with Cathie Wood&#8217;s ARK Innovation ETF (ARKK).<\/p>\n","protected":false},"author":1,"featured_media":1778329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[5458,9837,5987,6020,4755,3828,3819,7725,4359,4933],"class_list":["post-1778326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-bongino","tag-cathie","tag-lost","tag-manager","tag-money","tag-owns","tag-report","tag-single","tag-stock","tag-wood"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1778326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1778326"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1778326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1778329"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1778326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1778326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1778326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}