Cathie Wood is the founder and CEO of Ark Invest, an asset management firm that invests in innovative companies and disruptive technologies. The firm offers several exchange-traded funds to clients, including its flagship Ark Innovation ETF, which has returned 39% year to date. But the Ark Fintech Innovation ETF is up 49% this year, and the firm is leaning into those gains.

Throughout August, Ark trimmed its holdings in Tesla -- though it remains the portfolio's largest position -- and redeployed capital across several fintech companies, including Block (NYSE: SQ) and Adyen (OTC: ADYE.Y). In terms of asset allocation, Block currently ranks no. 6 and Adyen ranks no. 51 out of 125 total holdings.

Here's what investors should know about these two growth stocks.

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Source Fool.com