Taking a look at famous investors' portfolios is a smart thing to do, as it gives you an idea of where their teams think money can be made in the market. It can lead to new ideas or challenge you to examine your holdings.

For growth investors, Cathie Wood and her team at Ark Invest is a great place to start, and one of their largest holdings across all funds combined is UiPath (NYSE: PATH). UiPath is the firm's fourth-largest holding, accounting for 5.92% of assets. Clearly, Cathie Wood and Ark believe in UiPath, and I do as well. In fact, it's one of my top stocks to own heading into 2024.

UiPath's software specializes in robotic process automation (RPA). This software can help automate repetitive tasks, like filling out a spreadsheet or an expense report. Now, there is only so much one can automate without intelligent inputs, so UiPath is also making large investments in its artificial intelligence (AI) programs as well.

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Source Fool.com