Cathie Wood Has Been Building Stakes In Two Little-Known Stocks

Cathie Wood has been building stakes in two little-known stocks

Cathie Wood – the billionaire investor who recently called her flagship fund “the new Nasdaq” has been loading up on shares of the following two small-cap stocks in recent days.


Velo3D Inc (NYSE: VLD)

The first one that’s caught her eye is this Velo3D – a California-based provider of metal 3D printing solutions.

Wood has bought millions of shares of this company over the past eight trading days. She’s spent $36.82 million in total to build up a 6.2% stake in Velo3D that’s now the 53rd largest holding of Ark Invest.

Earlier this week, Velo3D said its revenue in the fourth financial quarter is expected to surpass its previous guidance and fall between $29 million and $30 million. That’s well above the $25.45 million that analysts are calling for.


Repare Therapeutics Inc (NASDAQ: RPTX)

Cathie Wood has always been big on healthcare stocks that are committed to treating fatal diseases like Cancer.

To that end, she’s built a 6.04% stake in Repare Therapeutics Inc – a Canadian clinical-stage precision oncology company over the past seven trading days. Wood has invested a total of $32.5 million in RPTX.

Repare Therapeutics is expected to report its Q4 earnings early next month. Consensus is for it to lose 73 cents a share, only slightly worse than the same quarter last year. The stock is currently down 7.0% for the year.

Now that Wood’s flagship Ark Innovation ETF (ARKK) returned 28% in January to log its best monthly performance ever.


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