Cathie Wood's position in Sea Ltd is currently worth $27.1 Million. That's 0.25% of their equity portfolio (54th largest holding). The first Sea Ltd trade was made in Q4 2019. Since then Cathie Wood bought shares eight more times and sold shares on thirteen occasions. The stake costed the investor $26.7 Million, netting the investor a gain of 1.2% so far.
Sea''s stock price might have bounced off its low, but it''s too early to declare victory.
Investors followed Cathie Wood''s lead by hitting the sell button.
Mobile gaming and e-commerce platform Sea Limited, featured in today''s IBD 50 Stocks To Watch, is close to a buy point as revenue explodes.