"The Queen of Traders," Cathie Wood, is investing in Kazakhstan. Which stock did she choose?

Renowned American investor Cathie Wood holds shares of the Kazakhstani company Kaspikz in her portfolio. She first invested in the company back in 2020. This year, Wood—known for her bold bets on breakthrough technologies—reduced this position, though she did not exit it entirely.

Wood ARK Investment Management held 41,500 American Depositary Receipts (ADR) of Kaspikz as of the end of the second quarter, according to its Form 13F filing with the U.S. Securities and Exchange Commission. All investment managers are required to file this report quarterly. It provides a snapshot of which stocks and other securities were held in an investor’s portfolio on the last day of the quarter.

Kaspi.kz accounts for about 0.02% of ARK’s portfolio. As of June 30, the value of this position was approximately $3.6 million. In the second quarter, Wood reduced her position in Kaspi.kz by one-third—as of the end of March, she held 62,600 ADRs.

ARK first invested in Kaspi.kz in the fourth quarter of 2020, shortly after the company’s IPO on the London Stock Exchange. As of the end of December 2020, Wood’s portfolio held 38,500 global depositary receipts (GDRs) of the Kazakhstani fintech company, valued at approximately $2.6 million, and by mid-2021, the position had grown to 231,700 shares.

In the years that followed, ARK gradually reduced its holdings and had fully exited Kaspi.kz by the fourth quarter of 2024. By that time, the Kazakhstani company had already completed its IPO on Nasdaq and begun trading in the U.S. Wood repurchased the shares in the first quarter of 2025 and has held onto that position ever since.

Wood actively invests in breakthrough technologies: artificial intelligence, robotics, genetic engineering, and blockchain. She is also known as a longtime supporter of Elon Musk’s projects. Tesla was the largest holding in Wood’s portfolio as of the end of the second quarter. It accounts for 7.5% of her assets, or about $1.16 billion. Second place goes to chipmaker AMD with a 5.3% share ($823 million), and third place goes to the space company SpaceX with 5% ($765 million).

Wood gained attention in 2020 when her flagship fund posted a return of more than 150% and attracted billions of dollars from investors. Wood founded ARK Invest back in 2014 after working at the investment firm AllianceBernstein, but her “prime era” didn’t begin until the pandemic, amid the rapid growth of tech stocks. ARK Invest’s trades were widely discussed—and copied—by retail investors on social media. Business Insider dubbed this phenomenon “Cathie-mania” and referred to Wood herself as the “queen of Reddit traders.”

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In the “Guru Portfolios” section on Oninvest, you can track the composition and changes in the portfolios of the world’s largest investors and funds. The service allows you to analyze the largest holdings based on 13F filings and compare portfolio trends over time.

This article was AI-translated and verified by a human editor