All of the stocks in Cathie Wood’s Ark Innovation fund are in a bear market except 2

Catherine Wood is the chief executive officer of ARK Investment Management.

It has been a bad week for the flagship fund, Ark Innovation, which has left almost all of its holdings in the bear market.

The main exchange-traded fund in Wood is down more than 12% this week and is on pace for its worst week since February. On Friday, Ark Innovation was down.

Wood is in a bear market because of the painful losses, which have left all but two of the group more than 20% off their recent high.

The pair are less than 20% from their high, but more than 10% from their records. Berkeley Lights, Proto Labs, and Skillz are all below their highs.

Wood spoke to CNBC this week and kept her conviction in Ark's strategies, which focus on "disruptive innovation" in five digital plaforms.

Wood said her strategies will double over the next five years.

The next few years are expected to bring the most spectacular period for innovation that we have ever seen.