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Cathie Wood's Ark Invest Sells 1.5 Million Shares of Snap, Buys Discovery
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ARK Invest has been the talk of Wall Street over the last couple of years, outperforming the market and solidifying its place among the big players in the investments world. Cathie Wood is the founder and head of this investment house, and many have compared her rising star to the likes of Warren Buffett.
With famous investors and huge brokerage firms, many traders are looking to mirror their plays to capitalize on the gains that the big dogs are making. Lucky for us, ARK Invest releases its trades on a daily basis at the end of the trading day.
While some companies would require a subscription service or monetary fee to see what makes ARK Invest tick, here at 24/7 Wall St. we would rather give you the data for free. Here’s a quick look at some of the major trades that ARK Invest executed on February 24, 2021.
The ARK Fintech Innovation ETF (NYSEARCA: ARKF) deals mainly with up-and-coming fintech stocks as the name suggests. Some of its biggest holdings include the likes of Square, Zillow, Pinterest, PayPal, and Alibaba. Net assets for the fund are currently $2.72 billion. Here are a couple of trades we would highlight in this fund: Buy 311,846 shares of Discovery, Buy 27,456 shares of Facebook, & Buy 97,051 shares of Square.
ARK Genomic Revolution ETF (NYSEARCA: ARKG) looks at companies across multiple industries but the general focus is on Health Care and companies that are changing the game technologically in this field. Some of the biggest holdings include the likes of Pacific Biosciences, Teladoc Health, CRISPR, and Fate Therapeutics. Net assets for the fund are currently $10.7 billion. Here are a couple of trades we would highlight in this fund: Buy 187,400 shares of CM Life Sciences, Buy 295,500 shares of Signify Health, & Sell 104,449 shares of Twist Bioscience.
ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation and it spans across multiple industries but the focus is primarily tech. Some of the biggest names are in this fund like Telsa, Roku, Square, Zillow, and Spotify. Net assets for this fund are currently $22.6 billion. Here’s a couple trades we would highlight in this fund: Buy 534,390 shares of Square, Sell 1,205,432 shares of Snap, & Sell 221,971 shares of Tencent.
ARK Autonomous Technology & Robotics ETF ((NYSEARCA: ARKQ) is focused on companies that are in the field of autonomous technology and robotics, specifically ones that are disruptively innovating. More big names in this fund include Tesla, Alphabet, JD.com, Baidu, and Iridium. Net assets for this fund are currently $2.88 billion. Here are a couple of trades we would highlight in this fund: Buy 660,500 shares of Workhorse Group, Buy 307,163 shares of Vuzix, & Sell 17,463 shares of Deere.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) this fund is focused on companies that are disruptively innovating within the theme of the next generation of the internet. There are some similar names in this fund as the others including Tesla, Square, Grayscale Bitcoin Trust, Facebook, and Snap. Net assets for this fund are currently $6.58 billion. Here are a couple of trades we would highlight in this fund: Buy 165,829 shares of Square & Sell 310,043 shares of Snap.
Check out all of the trades here:
| Fund | Direction | Company | Shares |
|---|---|---|---|
| ARKF | Buy | DISCOVERY LTD | 311,846 |
| ARKF | Buy | FACEBOOK INC | 27,456 |
| ARKF | Buy | OPENDOOR TECHNOLOGIES INC | 120,800 |
| ARKF | Buy | SQUARE INC | 97,051 |
| ARKF | Sell | VERISK ANALYTICS INC | 135,953 |
| ARKF | Sell | TENCENT HOLDINGS LTD | 70,287 |
| ARKF | Sell | LIGHTSPEED POS INC | 130,200 |
| ARKG | Buy | ACCOLADE INC | 62,178 |
| ARKG | Buy | CM LIFE SCIENCES INC | 187,400 |
| ARKG | Buy | SIGNIFY HEALTH INC | 295,500 |
| ARKG | Buy | 908 DEVICES INC | 9,223 |
| ARKG | Buy | REPARE THERAPEUTICS INC | 13,842 |
| ARKG | Sell | TWIST BIOSCIENCE CORP | 104,449 |
| ARKG | Sell | HIMS & HERS HEALTH INC | 168,557 |
| ARKG | Sell | CAREDX INC | 99,611 |
| ARKK | Buy | 10X GENOMICS INC | 15,458 |
| ARKK | Buy | SQUARE INC | 534,390 |
| ARKK | Buy | BEAM THERAPEUTICS INC | 190,834 |
| ARKK | Sell | SNAP INC | 1,205,432 |
| ARKK | Sell | TENCENT HOLDINGS LTD | 221,971 |
| ARKQ | Buy | WORKHORSE GROUP INC | 660,500 |
| ARKQ | Buy | VUZIX CORP | 307,163 |
| ARKQ | Buy | RAVEN INDUSTRIES INC | 404 |
| ARKQ | Buy | EXPERIENCE INVESTMENT CORP | 94,994 |
| ARKQ | Buy | ONE | 208,917 |
| ARKQ | Sell | FLIR SYSTEMS INC | 23,918 |
| ARKQ | Sell | DEERE & CO | 17,463 |
| ARKQ | Sell | CATERPILLAR INC | 25,764 |
| ARKW | Buy | SQUARE INC | 165,829 |
| ARKW | Sell | SNAP INC | 310,043 |
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