Cathie Wood acquired 10.6 Million Zoom Video Communications shares worth $763 Million. That's 5.37% of their entire equity portfolio (6th largest holding). The investor owns 4.29% of the outstanding Zoom Video Communications stock. Cathie Wood started to build up the position in Zoom Video Communications in Q4 2020 and continued to invest until Q3 2022. Since then they sold 275 Thousand shares. The investor's estimated purchase price is $2.62 Billion, resulting in a loss of 71%.
Zoom Video Communications has gone from boom to bust, but this too shall pass.
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