Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Three companies—Schrodinger, Bullish, and Circle Internet Group—have reported strong financial updates for the third quarter. Cathie Wood’s investment funds have also increased their stakes in all three firms. Each business operates in a distinct sector, from AI-driven drug discovery to cryptocurrency trading and stablecoin management.
The moves highlight growing investor confidence in technology and finance innovation, with notable improvements in revenue and profitability across the board.
Schrodinger, a healthcare tech company, specialises in drug discovery and materials design using AI-powered software. In the third quarter, its software revenue climbed by 28% year over year, reaching nearly $41 million. Despite ongoing investments, the firm narrowed its net loss to $32.8 million, down from $38.1 million in the same period last year.
Bullish, a cryptocurrency exchange focused on institutional and advanced traders, posted a significant turnaround. Founded as a spin-out from Block.one, the company is led by Tom Farley, former president of the New York Stock Exchange. This quarter, Bullish reported a net income of nearly $18.5 million—compared to a net loss of $67 million in the same quarter of 2024.
Circle Internet Group, the issuer of USDC (the second-largest U.S. dollar stablecoin), relies heavily on interest from liquid assets backing its token. A full 96% of its revenue comes from this source. The company’s financial details for the quarter were not disclosed, but Cathie Wood’s funds have expanded their holdings in all three firms, signalling optimism about their long-term potential.
Schrodinger’s revenue growth and reduced losses suggest progress in its AI-driven drug development business. Bullish’s shift from loss to profit marks a major improvement under Farley’s leadership. Meanwhile, Circle’s stablecoin operations continue to attract investor interest.
Cathie Wood’s increased stakes in these companies reflect confidence in their respective markets—healthcare tech, institutional crypto trading, and stablecoin infrastructure.
