CATHIE WOOD
FOUNDER & CEO, ARK INVEST, ST. PETERSBURG
The roller coaster ride that comes with investing with Wood, as of June, was a good one. Her flagship Ark Innovation fund was the top-performing actively traded, non-gold, diversified ETF, up 19% for the year up to then. Credit goes mostly to four stocks: Circle Internet, Robinhood, Tempus AI and Palantir Technologies. Individually, the “worst” performer was Palantir, up a “mere” 85%. Circle was up 750% from its IPO price. They made up for nearly half of Ark holdings being down. It’s quite a swing from last year’s Florida 500 when we noted Morningstar listed Ark at the top of its list of the top 10 wealth-destroying fund families of the previous 10 years. But that’s how it goes with Wood, investing tech icon. The star investor and social media maven moved her headquarters to St. Petersburg in 2021 from New York. She’s put her money into her newfound home, partnering with schools and supporting an innovation center.
