抱 is built from the 扌 (hand (left)) and 包 components.
It reads ホウ like 包, as do 砲, 胞, 飽, and 泡 — learn 包 once and the family's reading comes with it.
A common word using 抱 is 抱く (いだく), meaning “to hold (v.t.) (written expression), to embrace, to harbor”.
Don't confuse it with 胞, 泡, 砲, and 飽.