ARKG - Teladoc Health Is a Top ARK Holding. Should It Be One of Yours?
Over the last year, Cathie Wood of ARK Investment Management arguably became the face of growth investing. And while following its goal to "invest solely in disruptive innovations", Teladoc Health (NYSE: TDOC) became one of the largest holdings across several of Wood's ETFs including the ARK Innovation ETF (NYSEMKT: ARKK) , ARK Next Generation Internet ETF (NYSEMKT: ARKW) , and ARK Genomics Revolution ETF (NYSEMKT: ARKG) .
ARK's disruption-focused stock picking approach yielded spectacular results in 2020. ARK Innovation rose 149% while Teladoc followed closely with a 139% return. 2021 has been a bit of a different story, as the market shifted to post-pandemic "reopening" stocks, pushing ARK Innovation down 11% year to date. Teladoc is down an even further 27% compared to the S&P 500 , which is up 11%.
Through it all, ARK has continued to buy more Teladoc stock, adding steadily to its already substantial positions. Teladoc now represents the No. 1 holding in ARK Genomics, No. 2 holding in ARK Innovation, and No. 6 holding in ARK Next Generation Internet. So what exactly is behind ARK's conviction in Teladoc?
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Teladoc Health Is a Top ARK Holding. Should It Be One of Yours?