Cathie Wood
ARK Invest
Profil et philosophie d'investissement
ARK Invest, le fonds de Cathie Wood, a maintenu sa conviction dans l'innovation de rupture au premier trimestre 2026, réorientant des capitaux de Tesla vers des valeurs de semi-conducteurs et de santé à forte croissance. Sa conviction dans AMD, Robinhood et Tempus AI s'est nettement renforcée. Wood reste concentrée sur un horizon de 5 ans, estimant que la volatilité actuelle des valeurs d'innovation offre un point d'entrée historique pour des entreprises à croissance composée de long terme.
Track Record
Cathie Wood founded ARK Invest in 2014 after AllianceBernstein rejected her thematic ETF concept. The flagship ARK Innovation ETF (ARKK) returned approximately 152% in 2020, briefly making Wood the world's best-performing active manager. AUM peaked at roughly $60 billion in early 2021 then collapsed to around $14 billion by 2023 as growth names sold off. Cumulative ARKK return since 2014 inception sits roughly flat through 2026 — investors who bought after the 2020 spike are still under water. ARK's research approach (open-source models, daily transparency) reshaped how ETF managers communicate. Wood was named Bloomberg's best stock-picker of 2020.
Trades emblématiques
Stratégie actuelle (2026)
Wood's 2026 portfolio doubles down on five disruptive platforms: AI, robotics, energy storage, blockchain, and multiomic sequencing. Top ARKK positions include Tesla (still the largest), Coinbase, Roblox, Roku, Palantir, and a growing AI infrastructure basket. ARK published a 2026 Big Ideas report forecasting AI software revenue compounding at 40%+ annually and projecting Tesla at $2,600 by 2029 on robotaxi and Optimus. New additions include AI-native names and tokenization plays. Wood maintains that productivity gains from AI are deflationary and the Fed has overtightened — she's been calling for aggressive rate cuts since 2023. Bitcoin price target was raised to $1.5 million by 2030 in the latest research note.
BMI Counter-Take
Wood is the most divisive manager on Wall Street and the data supports both camps. Yes, ARKK is roughly flat since 2014 and trails the S&P 500 by 200+ percentage points. Yes, she nailed Tesla and Bitcoin when nobody else would. BMI's view: ARK funds are not portfolios, they're concentrated bets on a single thesis (exponential tech disruption). They belong in a satellite slot, not a core slot. The 2026 Big Ideas targets — $1.5M BTC, $2,600 Tesla — are not analysis, they're marketing. The research is genuinely interesting and worth reading; the price targets are not worth trading on.
Portefeuille actuel
DERNIER 13F 2026-03-31Dernière déclaration SEC Form 13F. Valeur totale du portefeuille: 11,2 Md €. Positions: 182 positions.
| Titre | Actions | Δ vs préc. | Valeur (€) | Portefeuille % |
|---|---|---|---|---|
| Tesla Inc. | 2,83 M | -2.9% | 918 M € | 8,18 % |
| Advanced Micro Devices Inc. | 2,71 M | +5.4% | 481 M € | 4,29 % |
| CRISPR Therapeutics AG | 11,3 M | +7.5% | 469 M € | 4,19 % |
| Shopify Inc. | 4,18 M | +5.0% | 432 M € | 3,85 % |
| Palantir Technologies Inc. | 3,11 M | -3.8% | 397 M € | 3,54 % |
| Tempus AI Inc. | 9,61 M | +27.1% | 379 M € | 3,38 % |
| Circle Internet Group Inc. | 4,51 M | +8.9% | 375 M € | 3,35 % |
| Robinhood Markets Inc. | 6,00 M | +24.9% | 363 M € | 3,24 % |
| Coinbase Global Inc. | 2,37 M | -6.7% | 361 M € | 3,22 % |
| Teradyne Inc. | 1,25 M | -47.2% | 322 M € | 2,87 % |
SOURCE : SEC Form 13F (2026-05-12). BMI Smart Money Tracker.