2 Tech Stocks That Cathie Wood’s ARK Invest Is Buying

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ARK Invest is far from the biggest investment firm on Wall Street, with just $37.6 billion in managed assets spread across 244 holdings as of Dec. 31, 2020. Even so, CEO Cathie Wood is gaining a reputation as one of Wall Street’s best stock pickers. Her company’s most popular product — the ARK Innovation ETF (NYSEMKT: ARKK) — has significantly outperformed the broader market over the last five years, surging 540%.

Recently, ARK has been purchasing shares of Palantir Technologies (NYSE: PLTR) and Twilio (NYSE: TWLO) for its flagship ETF. Given ARK’s track record, investors might want to consider these stocks for their own portfolios. Let’s take a closer look at these two stocks that Cathie Wood’s team has shown so much investing interest in.

Palantir serves both government and commercial clients, providing software that helps organizations manage, integrate, and analyze massive amounts of data. It also focuses on protecting privacy, and its solutions allow clients to monitor and control access to information.

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