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ARK Disruptive Innovation

Aims to provide broad exposure to disruptive innovation. ARK believes innovations centered around artificial intelligence, robotics, energy storage, DNA sequencing, and blockchain technology will change the way the world works and deliver outsized growth as industries transform.

Disruptive Innovation strategy, invest in innovation, investment strategy, ark invest

Investment Focus

Artificial Intelligence

Artificial Intelligence

Autonomous Vehicles

Autonomous Vehicles

Fintech  Technology

Fintech Technology

DNA Sequencing

DNA Sequencing

Robotics

Robotics

3D Printing

3D Printing

Overview

  • Type: Active Equity
  • Typical # of Holdings: 35-55
  • Inception: Oct. 2014
  • Portfolio Manager: Catherine Wood
  • Analysts: Collective Team

Strategy Description

This actively managed equity strategy seeks long-term capital growth by investing in the US listed securities, including ADRs, of companies focused on disruptive innovation. ARK defines ‘‘disruptive innovation’’ as the introduction of a technologically enabled product or service that potentially changes the way the world works. Companies in ARK’s cornerstone strategy aim to capture the substantial benefits of new products or services associated with scientific research in DNA technologies, energy storage, the increased use of autonomous technology, next generation internet services, and technologies that make financial services more efficient.

Availability

Strategy ETF Managed Account Mutual Fund UCITS
ARK Disruptive Innovation

The content presented does not constitute investment advice, should not be used as the basis for any investment decision, and does not purport to provide any legal, tax or accounting advice. Certain of the statements contained on this website may be statements of future expectations and other forward-looking statements that are based on ARK’s current views and assumptions, and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Please remember that there are inherent risks involved with investing in the markets, and your investments may be worth more or less than your initial investment upon redemption. There is no guarantee that ARK’s objectives will be achieved. Further, there is no assurance that any strategies, methods, sectors, or any investment programs herein were or will prove to be profitable, or that any investment recommendations or decisions we make in the future will be profitable for any investor or client. Professional money management is not suitable for all investors. For full disclosures, please go to our Terms & Conditions page.

Strategy Characteristics

01

Actively managed, high conviction portfolio

02

Cross sector, geographies, and market capitalizations

03

Benchmark agnostic with low overlap to broad market indicies

04

Innovation Exposure combining ARK’s cornerstone themes

Investment Team

Cathie Wood-Work-Remote-Headshot

Catherine Wood

Chief Executive Officer
Chief Investment Officer

Cathie Wood-Work-Remote-Headshot

Catherine Wood

Chief Executive Officer
Chief Investment Officer

Cathie registered ARK Investment Management LLC (“ARK”) as an investment adviser with the U.S. Securities and Exchange Commission in January 2014. With over 40 years of experience identifying and investing in innovation, Cathie founded ARK to focus solely on disruptive innovation while adding new dimensions to research. Through an open approach that cuts across sectors, market capitalizations, and geographies, Cathie believes that ARK can identify large-scale investment opportunities in the public markets resulting from technological innovations centered around DNA sequencing, robotics, artificial intelligence, energy storage, and blockchain technology. As Chief Investment Officer (“CIO”) and Portfolio Manager, Cathie led the development of ARK’s philosophy and investment approach and has ultimate responsibility for investment decisions.

Prior to ARK, Cathie spent twelve years at AllianceBernstein as CIO of Global Thematic Strategies where she managed over $5 billion. Cathie joined Alliance Capital from Tupelo Capital Management, a hedge fund she co-founded, which in 2000, managed approximately $800 million in global thematic strategies. Prior to her tenure at Tupelo Capital, she worked for 18 years with Jennison Associates LLC as Chief Economist, Equity Research Analyst, Portfolio Manager and Director. She started her career in Los Angeles, California at The Capital Group as an Assistant Economist. Cathie received her Bachelor of Science, summa cum laude, in Finance and Economics from the University of Southern California in 1981.

Cathie has been recognized as an influential fund manager across various outlets. In 2018, editors at Bloomberg acknowledged Cathie by selecting her to its second annual Bloomberg 50 list of people across business, entertainment, finance, politics, technology, and science who have defined global business. Additionally, Fortune named Cathie to its exclusive roundtable of experts in the annual Fortune Investors Guide: The Best Investing Advice for 2019 From Fortune’s Experts. In 2016, Cathie received the “Women in Finance – Outstanding Contribution Award” from Market Media. Cathie also has been a featured speaker at the World Economic Forum (China) in 2016 & 2017, the World Strategic Forum (Miami) in 2017, The Sohn Hearts and Minds Investment Leaders Conference (Australia) in 2018 and 2019, and Singularity University’s Exponential Finance in 2017 and Global Summit in 2019.

In 2018, Cathie launched the Duddy Innovation Institute at her alma mater, Notre Dame Academy in Los Angeles. The institute offers a challenging educational experience for young women eager to stretch their learning beyond the boundaries of traditional acquisition of knowledge, while influencing a new way of thinking and learning throughout campus.

*The Adviser did not pay a fee to be considered for or granted any awards. The Adviser did not pay a fee or was required to be a member of an organization to be invited as a speaker at any of the noted events. For full Award Disclosure please go to our Terms & Conditions page. Past performance is not a guarantee of future results.

Nicolaus Copernicus

Nicolaus Copernicus

Catherine’s favorite innovator

Arcticles from Catherine Wood:

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Economics | Health Care | Market Insights | Yield Curve
Economics | Health Care | Market Insights | Yield Curve

The Coronavirus: Innovation Gains Traction During Tumultuous Times

The coronavirus has thrown the markets for a loop, understandably. Half of the solution is understanding the problem, so we are reassured by the universal and unified policy responses globally.

Market Insights | Yield Curve
Brett Winton-Work-Remote-Headshot

Brett Winton

Director of Research

Brett Winton-Work-Remote-Headshot

Brett Winton

Director of Research

Brett joined ARK in February 2014 and has worked alongside Cathie for almost 15 years since their time at AllianceBernstein. As Director of Research, Brett guides and manages the proprietary research of ARK’s investment team. The team recognizes that disruptive innovation demands a dynamic and universal approach. By researching across sectors, industries and markets, ARK’s investment team seeks to gain a deeper understanding of the convergence and market potential of disruptive innovations, and thus size investment opportunities more appropriately.

Prior to ARK, Brett served as a Vice President and Senior Analyst on the Research on Strategic Change team at AllianceBernstein. In that role, Brett conducted thematic research, served on the thematic portfolios strategy committee under Cathie Wood’s stewardship, and advised portfolio managers across asset classes. His research topics included Global Energy in the Face of Carbon Dioxide Regulation; Social Media and the Rise of Facebook; the Reformation of the Financial Services Landscape; and the Emergence of Electric Vehicles. He also is the Founder and Principal at iamB Consulting, providing strategy consulting to early stage startups. Prior to 2007, Brett worked in business development in the Radio-Frequency Identification industry after serving as a founding teacher at a charter high school in Los Angeles. Brett earned his Bachelor of Science in Mechanical Engineering at the Massachusetts Institute of Technology (MIT).

Alexander Winton

Alexander Winton

Brett’s favorite innovator

Arcticles from Brett Winton:

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Artificial Intelligence | Blockchain | DNA Sequencing | Energy Storage | Market Insights | Robotics
Artificial Intelligence | Blockchain | DNA Sequencing | Energy Storage | Market Insights | Robotics

Disruptive Innovation: Why Now?

Economics | Electric Vehicles | Market Insights | Market Review | Wrights Law
Economics | Electric Vehicles | Market Insights | Market Review | Wrights Law

Moore’s Law Isn’t Dead: It’s Wrong – Long Live Wright’s Law

Renato Leggi-Work-Remote-Headshot

Renato Leggi, CFA, CAIA

Client Portfolio Manager

Renato Leggi-Work-Remote-Headshot

Renato Leggi, CFA, CAIA

Client Portfolio Manager

Renato “Ren” joined ARK in October 2018. As ARK’s Client Portfolio Manager, Ren works directly with ARK’s investment team to communicate in-depth knowledge of investment-level detail to internal and external clients.

Prior to ARK, Ren was Vice President and Director of Investment Research & Due Diligence at Capital One’s Wealth & Asset Management division. He was responsible for leading the expansion of investment research, third-party investment manager platform, strategic asset allocation framework, and portfolio construction. He also worked as a client-facing portfolio manager, developing and maintaining institutional and high-net-worth client relationships. Prior to Capital One, Ren held various portfolio management, investment due diligence and analyst roles at Morgan Stanley Private Bank, Nomura Holdings, and Legg Mason, Inc. Ren is a CFA® and CAIA® charterholder, and earned his Bachelor of Business Administration in Accounting and Master of Science in Finance from Loyola University Maryland.

Alan Turing

Alan Turing

Renato’s favorite innovator

Tasha Keeney-Work-Remote-Headshot

Tasha Keeney, CFA

Analyst

Tasha Keeney-Work-Remote-Headshot

Tasha Keeney, CFA

Analyst

Tasha joined ARK in January 2014 and is an Analyst for ARK’s Autonomous Technology and Robotics strategy. She covers autonomous cars, additive manufacturing, infrastructure development, and innovative materials.

Previously, Tasha spent almost three years as a management consultant for Applied Value, working primarily with manufacturing and automotive clients. Tasha is a graduate of Boston University’s Collaborative Degree Program with a Bachelor of Science in Business Administration with a Finance concentration, and a Bachelor of Arts in Mathematics and Statistics with a Pure and Applied Mathematics concentration.

Tasha frequently appears on CNBC, CNN, Bloomberg, and Fox Business. She has been quoted and her research has been featured in The Wall Street Journal, Forbes, Wired, the Verge, Bloomberg, CNNMoney, and Marketwatch, among other publications. She has been a featured speaker at the Annual Meeting for the Transportation Research Board, a division of the National Academy of Sciences, Engineering, and Medicine for the United States and at the Port Authority of New York and New Jersey on autonomous driving.

Nikola Tesla

Nikola Tesla

Tasha’s favorite innovator

Arcticles from Tasha Keeney, CFA:

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Drones | Ecommerce
Drones | Ecommerce

Parcel Drone Delivery Should Supercharge Ecommerce

ARK now estimates that parcel drones could deliver packages profitably for only $0.25. Given frictionless and inexpensive delivery, consumers probably would buy many more goods online, growing ecommerce’s share of retail sales from 14% in 2019 to 60% in 2030.

Autonomous Taxis | Autonomous Vehicles | MaaS
Autonomous Taxis | Autonomous Vehicles | MaaS

Autonomous Ridehailing Could Be More Profitable Than We Had Modeled

ARK estimated that consumers will be able to travel on autonomous ridehailing platforms for less than half the cost of driving a personal car and roughly one tenth the cost of a taxi.

Sam Korus-Work-Remote-Headshot

Sam Korus

Analyst

Sam Korus-Work-Remote-Headshot

Sam Korus

Analyst

Sam joined ARK in July 2015. As an Analyst for ARK’s Autonomous Technology and Robotics strategy, Sam focuses on automation, robotics, energy storage, alternate energy, and space exploration.

Prior to ARK, Sam was a business development intern at Graphiq, a knowledge graph and visualization company. Prior to Graphiq, Sam worked as a captain for Sail Caribbean. Sam graduated from the University of Pennsylvania where he studied Cognitive Science with a concentration in Computation and Cognition.

Sam has appeared on CNBC, BNN and Cheddar TV, and has been quoted in The Wall Street Journal, CNN Money, the Los Angeles Times, among other publications.

Arcticles from Sam Korus:

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Autonomous Vehicles | Electric Vehicles
Autonomous Vehicles | Electric Vehicles

Tesla’s Potential Trajectory During the Next Five Years

ARK has updated its TSLA valuation regularly. Based on new research, we are sharing our latest model to clarify what we believe is TSLA’s potential.

Hypersonic Flight | Transportation
Hypersonic Flight | Transportation

Hypersonic Flight Could Evolve Into a $270 Billion Market

Virgin Galactic is planning to operate a space tourism business in the short term, but ARK’s research suggests that the bigger opportunity over the long term is in point-to-point hypersonic travel.

James Wang-Work-Remote-Headshot

James Wang

Analyst

James Wang-Work-Remote-Headshot

James Wang

Analyst

James joined ARK in April 2015. As an Analyst for ARK’s Next Generation Internet strategy, James focuses on AI and the next wave of the internet.

Prior to ARK, James worked for nine years at NVIDIA where he helped launch GeForce Experience, a PC gaming application with over 80 million users. He founded and edited GeForce.com, NVIDIA’s gaming portal with over 15 million visitors. He has written about the technology industry since 2000 for various magazines and publications. James graduated from the University of New South Wales with Bachelor of Engineering degree in Computer Engineering.

He has appeared on CNBC, Bloomberg, Fox Business, WSJ, CNNMoney, Barrons, Quartz, EETimes. In 2018 and 2019, James was a featured speaker at CogX, one of the largest AI events in the world.

Gordon Moore

Gordon Moore

James’ favorite innovator

Simon Barnett-Work-Remote-Headshot

Simon Barnett

Analyst

Simon Barnett-Work-Remote-Headshot

Simon Barnett

Analyst

Simon joined ARK as an Analyst on the Genomic Revolution strategy in October 2018. His focus is on next generation DNA sequencing, molecular diagnostics, bioinformatics, and synthetic biology.

Prior to ARK, Simon was an engineering intern at Tissue Analytics—a software firm that utilizes computer vision and machine learning to analyze chronic wounds. Previously, Simon was a research intern at South Texas Accelerated Research Therapeutics (START) and Oncopath Laboratory, where he focused on novel anticancer agents and molecular tissue profiling, respectively. Simon graduated from the Johns Hopkins University in 2018 with a Bachelor of Science in Chemical and Biomolecular Engineering and a focus on computational biomedicine.

Simon has appeared on Cheddar TV, Investor’s Business Daily, and TD Ameritrade.

Paul Dirac

Paul Dirac

Simon’s favorite innovator

MF-Work-Remote-Headshot

Maximilian Friedrich

Analyst

MF-Work-Remote-Headshot

Maximilian Friedrich

Analyst

Max joined ARK as an Analyst for ARK’s Fintech strategy in December 2018. He focuses on payments, digital wallets and the venture capital space.

Prior to ARK, he spent nearly two years at Redstone, a Berlin-based venture capital firm. Max also was Research Assistant at the Centre for European Economic Research (ZEW) where he studied the syndication behavior of venture capitalists and subsequent effects on their portfolio companies. Max obtained his Bachelor of Science in Economics from the University of Heidelberg.

Max has appeared on TD Ameritrade Network and has been quoted in Financial Times, Forbes, CNBC, among other publications.

Sir Isaac Newton

Sir Isaac Newton

Max’s favorite innovator

Arcticles from Maximilian Friedrich:

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Digital Wallet
Digital Wallet

Cash App Could Be the Fastest Growing Digital Wallet in the US

Square’s Cash App seems to be the fastest growing digital wallet in the US. As disclosed by Square, the number of Cash App monthly active users (MAUs) has more than tripled in the last two years.

George Whitridge-Work-Remote-Headshot

George Whitridge

Analyst

George Whitridge-Work-Remote-Headshot

George Whitridge

Analyst

George joined ARK in August of 2019. As an Analyst for ARK’s Fintech strategy, George focuses on alternative lending, vertical integration of hardware and software and impact investing. Additionally, George has played an integral role in helping to develop and align ARK’s Environmental, Social and Governance policy and our focus on sustainable investing.

Prior to ARK, George worked at Square for almost five years.  He most recently worked on the capital team, Square’s lending arm. George graduated from Brown University with a Bachelor of Arts in Business, Organizations and Entrepreneurship and was a member of the Division I Men’s Crew Team.

George has appeared on Cheddar TV and TD Ameritrade Network for his work on alternative lending.

Leonardo da Vinci

Leonardo da Vinci

George’s favorite innovator

Arcticles from George Whitridge:

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Lending | Mobile Payments
Lending | Mobile Payments

Bank Revenue from Credit Cards Could Be Cut in Half in The Next 10 Years

ARK believes the lending industry is undergoing a profound shift. Companies that have digital access to consumers as well as to proprietary data sources, and extend credit without leveraging their own balance sheets, are likely to enjoy significant competitive advantages over traditional lenders.

AU-Work-Remote-Headshot

Alexandra Urman

Analyst

AU-Work-Remote-Headshot

Alexandra Urman

Analyst

Alexandra “Ali” joined ARK as an Analyst on the Genomic Revolution strategy in February 2020. She focuses on gene editing, stem cell and novel immunotherapy technologies.

Prior to ARK, Ali conducted clinical cancer research at the Memorial Sloan Kettering Cancer Center and the Montefiore Medical Center; and was a Senior Research Program Manager at IBM Watson Health. Ali incorporated her own consulting firm in 2018.  Ali has a Bachelor of Arts from McGill University and a Masters in Epidemiology and Community Health from New York Medical College. She has additional training from the MIT Labs in Human-Computer Interaction for User Experience Design.

Ali has published over 25 articles spanning cancer research, AI and space medicine. She has three filed patents and received the Manager’s Choice Award in 2017 and 2018, and the Rookie of the Year Award in 2017 from IBM Watson Health.

Marie Curie

Marie Curie

Alexandra’s favorite innovator

Nick Grous-Work-Remote-Headshot

Nicholas Grous

Analyst

Nick Grous-Work-Remote-Headshot

Nicholas Grous

Analyst

Nick joined ARK in July of 2018. Initially, Nick served as ARK’s Trading/Research Associate.  Afterwards, he transitioned into his current role as an Analyst on the Next Generation Internet strategy. He focuses on digital media, streaming technology, and online gaming.

Prior to ARK, Nick worked at York International Insurance and Vestorly, a New York-based tech start-up. He also interned at Deutsche Bank, and Gamma Real Estate – a boutique commercial real estate firm. Nick graduated from the University of Michigan with a Bachelor of Arts in Political Science and a minor in Entrepreneurship.

Nick has been quoted by Business Insider for his research on video streaming services.

Galileo Galilei

Galileo Galilei

Nick’s favorite innovator

Arcticles from Nicholas Grous:

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Digital | Video Streaming
Digital | Video Streaming
Digital | Video Streaming

How Should We Be Thinking About Netflix & Original Content?

Video streaming has changed viewing habits and now is impacting the monetization and valuation of content. Following in the footsteps of broadband and cable, video streaming services are disrupting at-home entertainment.

Yassine Elmandjra-Work-Remote-Headshot

Yassine Elmandjra

Analyst

Yassine Elmandjra-Work-Remote-Headshot

Yassine Elmandjra

Analyst

Yassine joined ARK in July 2018. As ARK’s Blockchain/Cryptoasset Analyst, his research focuses on cryptoasset portfolio allocation, cryptoasset institutionalization, and Bitcoin mining.

Prior to ARK, Yassine was a Summer Analyst at Rembrandt Venture Partners, a SaaS focused early stage venture capital firm; and Arena Investors, a registered investment adviser that originates investments with borrowers and other counterparties who need access to financing and are otherwise not able to access conventional sources. Yassine graduated from the University of Pennsylvania with a Bachelor of Science in Economics from Wharton and a Bachelor of Science in Systems Engineering from The School of Engineering.

Yassine has been quoted on Yahoo, Yahoo Finance, Coindesk, Bitcoin Magazine, and Asia Times, among other publications. Additionally, Yassine was a featured speaker at The Fidelity Mining Summit and has been a guest on notable crypto-focused podcasts, including Marty Bent’s Tales from the Crypt, Laura Shin’s Unchained, Bitcoin Magazine, and Anthony Pompliano’s Off The Chain.

Richard Feynman

Richard Feynman

Yassine’s favorite innovator

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