Cathie Wood's Largest Holding Isn't Tesla or Nvidia, It's Coinbase

Motley Fool01-31

Cathie Wood's Ark Invest has significantly reduced its holdings in Nvidia while doubling down on Tesla, taking advantage of their opposing price trends.Despite recent sales, Coinbase remains Ark's top...

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Hugo Sing
01-31
Hugo Sing
The queen of falling knife😂

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Beyond Tesla and Nvidia, another tech pioneer holds the top spot in 2024.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","FBTC":"Fidelity Wise Origin Bitcoin Fund","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4511":"特斯拉概念","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4503":"景林资产持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4112":"金融交易所和数据","BK4543":"AI","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","DEFI":"Hashdex Bitcoin ETF","BK4554":"元宇宙及AR概念","BITB":"Bitwise Bitcoin ETF","LU0080751232.USD":"富达环球多元动力基金A","LU0823414478.USD":"法巴经典能源转换基金","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IBIT":"iShares Bitcoin Trust","BITO":"ProShares Bitcoin ETF","ARKB":"ARK 21Shares Bitcoin ETF","COIN":"Coinbase Global, Inc.","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","EZBC":"Franklin Bitcoin ETF","BK4548":"巴美列捷福持仓","BK4544":"ARK ETF合集","BK4555":"新能源车","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BRRR":"Valkyrie Bitcoin Fund","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","ARKK":"ARK Innovation ETF","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4549":"软银资本持仓","HODL":"VanEck Bitcoin Trust ETF","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BTCO":"Invesco Galaxy Bitcoin ETF","BK4550":"红杉资本持仓","LU0097036916.USD":"贝莱德美国增长A2 USD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","GBTC":"Grayscale Bitcoin Trust","BTCW":"WisdomTree Bitcoin Fund","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC"},"translate_title":"凯西·伍德最大的持股不是特斯拉或英伟达，而是比特币基地","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKK":1,"GBTC":1,"HODL":0.9,"IBIT":0.9,"ARKB":0.9,"FBTC":0.9,"EZBC":0.9,"DEFI":0.9,"COIN":0.9,"BTCW":0.9,"BTCO":0.9,"BRRR":0.9,"BITB":0.9,"BITO":0.9},"content_text":"Cathie Wood's Ark Invest has significantly reduced its holdings in Nvidia while doubling down on Tesla, taking advantage of their opposing price trends.Despite recent sales, Coinbase remains Ark's top investment, reflecting Wood's strong belief in the cryptocurrency sector's long-term growth potential.Coinbase's regulatory compliance and American roots set it apart from competitors like Binance, boosting the company's investor appeal.Growth investing mastermind Cathie Wood used to hold a ton of Nvidia shares. However, her Ark Invest fund family has sold most of this artificial intelligence (AI) stock over the last year, cashing in on the market's AI frenzy to seed investments in less-overheated growth stocks. These days, ARK only holds Nvidia stock worth $81 million.Wood's funds are actively buying shares of Tesla, though. With four large purchases in the last week alone, the electric vehicle and alternative energy heavyweight accounts for $763 million of Ark's stock holdings.But that's not Wood's strongest position. In fact, Tesla is tied for third place among Ark's largest investments. No. 1 with a bullet is cryptocurrency marketplace Coinbase Global  with a $911 million footprint on Ark's investment roster today. That's 6.8% of Ark's overall assets, far ahead of Tesla's 5.7% and Nvidia at just 0.6%.Despite recent sales amid Coinbase's recent price surge, this stock remains Ark's top holding by a wide margin. That's a testament to Wood's long-term vision for the cryptocurrency sector. Despite taking profits, Wood sees enduring growth opportunities in the cryptocurrency space, with Coinbase and the brand-new Ark 21Shares Bitcoin ETF (NYSEMKT: ARKB) at the forefront.Most of us ordinary investors don't manage billion-dollar funds, and what works for Cathie Wood may not be best for you and me. Still, Wood's enthusiastic stamp of approval may indicate a stock worthy of a closer look. Moreover, I'm a happy Coinbase shareholder myself. So, let's check out the reasons behind Ark's significant investment in Coinbase, examining the potential risks and rewards to help you decide if it's a fit for your own portfolio.Wood's view: Coinbase holds a strategic edgeCathie Wood has made it clear that she expects big things from the cryptocurrency market, and particularly the sector-leading Bitcoin (CRYPTO: BTC) name. Her 2030 price target for the \"digital gold\" coin has been $1.48 million per token over the last year with several reiterations of the same long-term outlook. The global economy is going digital. Bitcoin's nearly inflation-free design and strictly limited supply should lead to dramatically higher coin prices over time, assuming that it remains the top crypto solution as the market evolves.As such, she sees Coinbase as a leading nuts-and-bolts play on the asset-management infrastructure around Bitcoin and other cryptos. The company stands apart from other large service providers, such as Binance, thanks to its all-American background and proven focus on regulatory compliance. Unlike Binance, which has faced allegations of criminal activities and concerns over data security, Coinbase has maintained a cleaner regulatory profile.This approach, in her view, positions Coinbase favorably compared to its competitors, making it a safer bet for investors looking to capitalize on the crypto market's growth. In essence, Wood sees Coinbase as a critical enabler in the broader mainstream adoption of cryptocurrencies, especially Bitcoin. So her funds have been buying Coinbase stock when its share prices are falling due to scandals or fraud elsewhere in the crypto market.Understanding Ark's evolving cryptocurrency portfolioThat being said, Cathie Wood isn't strictly committed to the Coinbase opportunity. Her funds have reduced their Coinbase holdings by approximately half since June, 2023, taking cash profits off the table to reinvest in other ideas. Diversification works for big-name investors too, you know.And some of the former Coinbase funds have moved into more direct Bitcoin bets. Early swings at this idea included the Grayscale Bitcoin Trust (NYSEMKT: GBTC) when it was a traditional fund and not a more flexible exchange-traded fund (ETF). Nowadays, Ark Invest manages its own Bitcoin-based ETF -- and some of her other funds already own shares of the Ark 21Shares Bitcoin ETF.So Wood isn't putting all her encrypted apples in the same digital cart, but spreading her cryptocurrency exposure across a couple of different asset classes. Even so, Coinbase remains Ark's largest holding, not just in the crypto sector but among the entire stock portfolio.My own Coinbase investment plays a smaller part in the total portfolio. Coinbase shares account for roughly 3.6% of my stock investments today. It's my biggest crypto bet by far but only the seventh-largest position among 35 stocks and ETFs.So I suppose my Bitcoin exposure is comparable to Cathie Wood's, but on a smaller scale. Is this a case of \"great minds think alike\" or two Bitcoin investors making the same mistakes independently?Only time will tell -- but I'm sticking with my diversified Bitcoin investments with Coinbase in the pole position, and Cathie Wood follows a similar playbook. Whether your own Bitcoin strategy follows suit or explores completely different avenues, it's safe to say that a little bit of Bitcoin exposure makes sense in 2024.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":268846792040640,"gmtCreate":1706670955703,"gmtModify":1706671143228,"author":{"id":"4163662601522872","authorId":"4163662601522872","name":"Hugo Sing","avatar":"https://community-static.tradeup.com/news/c6fe5f1fcf653232b94feb4c251061c2","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"4163662601522872","authorIdStr":"4163662601522872"},"htmlText":"The queen of falling knife😂","listText":"The queen of falling knife😂","text":"The queen of falling knife😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/268846792040640","repostId":2407454394,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":9,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2407454394"}