In 2022, the financial markets experienced one of the worst defeats in history, brought on by the war in Ukraine, rising inflation and subsequent restrictive central bank policies.

What happened: Pessimism was so widespread that it was protracted Dow Jones by over 9% and the S&P500 by over 19%. In the same period, the tech-heavy Nasdaq Index crashed by over 33%.

However, funds are running out Cathie Wood‘s Ark investment management declined much more sharply than any of these indices over the period.

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The flagship ARK Innovation ETF ARKK lost over 68% during the ARK Autonomous Technology & Robotics ETF ARCQ decreased by over 48%. That ARK Next Generation Internet ETF ARKW fell over 68% during the ARK Genomic Revolution ETF ARKG fell by over 55%.

With such a decline in the funds’ performance, it’s imperative to analyze how some of Wood’s best holdings have fared this year. Here’s how some of the top holdings among Wood’s funds performed in 2022:

1. Exact Sciences Corp EXAS: The molecular diagnostics company, which specializes in the detection of early-stage cancer, is Wood’s Funds’ largest holding. Ark cumulatively holds over $804 million in stock across two different funds, according to data available on Ark’s website at the time of writing. Year-to-date, the stock is down over 38%.

Interestingly, in the last week, have Ark’s funds has sold more than 510,000 shares of Exact Sciences, valued at over $25 million based on Friday’s closing price.

2.Zoom Video Communications Inc ZM: The tech company’s shares are down over 64% year-to-date. At the time of writing, Ark held over $645 million in Zoom stock through two different funds, with the stock being the second-largest holding among Wood’s funds.

In November Ark Invest Analyst Will Summerlin had said in a report that Zoom Video’s stock could climb to $1,500 in 2026, a 76% annual rate. The valuation was based on…