This Cathie Wood Fintech Stock Just Hit a New 52-Week High -- but I'm Not Selling a Single Share

ARK Invest's Position in SoFi Technologies - ARK Invest's ETFs are highly concentrated, with SoFi Technologies being the sixth-largest holding in the ARK Fintech Innovation ETF (ARKF), making up 5% of the fund's total assets [1] - SoFi stock is also present in the ARK Innovation ETF (ARKK) with a value of approximately $95 million [2] - SoFi's app is the exclusive distribution partner for the ARK Venture Fund (ARKVX), providing exposure to pre-IPO companies like SpaceX and OpenAI [2] SoFi's Recent Performance and Growth - SoFi's stock has surged by more than 140% over the past six months, reaching a new 52-week high [3] - The company's membership base grew by 756,000 in the third quarter, marking its highest one-quarter new member additions ever [7] - Revenue grew by 30% year over year, with net income reaching $214 million compared to a $301 million net loss a year prior [7] SoFi's Personal Loan Business - SoFi's personal loans have seen a surge in demand, with PGIM Fixed Income investing $350 million and closing another $525 million securitization agreement [4] - PGIM, managing $860 billion in assets, considers SoFi's personal loans an "attractive investment opportunity" [4] - SoFi is rapidly expanding its capabilities as a third-party loan origination platform, generating capital-light fee income [4] Interest Rates and Regulatory Environment - SoFi could benefit from lower interest rates, which would reduce deposit costs and increase loan demand [5] - The Trump administration's policies favoring looser bank regulations and lower corporate taxes could also benefit SoFi [6] SoFi's Loan Performance and Banking Platform - SoFi's more recent loans are performing better than older vintages [8] - The company's banking platform continues to attract customer deposits at an impressive pace [8] Investment Perspective on SoFi - Despite the stock's significant price increase, the growth and profitability of SoFi justify the valuation [9] - The company's core personal loan business is gaining serious interest from the asset management industry [9]