Cathie Wood’s ARK Invest Sells Over 1.5 Million Shares of Workhorse

By Chris Lange Published May 12, 9:45AM EDT

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Cathie Wood’s ARK Invest Sells Over 1.5 Million Shares of Workhorse — © SARINYAPINNGAM / iStock via Getty Images

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 1.5 million shares of Workhorse Group Inc. (NASDAQ: WKHS) on Tuesday, as the share price of this fund traded up about 2% in Tuesday’s session. The fund’s share price has nearly doubled the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 1,507,061 shares of Workhorse. At Tuesday’s closing price, this would have valued this sale at roughly $12.4 million. This is only a small fraction of the total holdings. This fund is up 91% over the past 52 weeks.

Here is a quick look at all the other sales that took place across all ARK ETFs:

Fund	Ticker	Company	Shares
ARKF	9923HK	YEAHKA LTD	638,800
ARKF	SI	SILVERGATE CAPITAL CORP	140,274
ARKG	PHR	PHREESIA INC	209,433
ARKG	SYRS	SYROS PHARMACEUTICALS INC	66,857
ARKG	SRPT	SAREPTA THERAPEUTICS INC	35,600
ARKG	NSTG	NANOSTRING TECHNOLOGIES INC	84,177
ARKG	RHHBY	ROCHE HOLDING AG	84,200
ARKG	PSTI	PLURISTEM THERAPEUTICS INC	3,073
ARKK	BEKE	KE HOLDINGS INC	1,187,600
ARKK	BIDU	BAIDU INC	137,234
ARKK	TREE	LENDINGTREE INC	90,338
ARKK	NVS	NOVARTIS AG	21,128
ARKK	SNPS	SYNOPSYS INC	142,700
ARKK	REGN	REGENERON PHARMACEUTICALS INC	70,302
ARKK	HUYA	HUYA INC	568,900
ARKK	NTDOY	NINTENDO CO LTD	65,800
ARKK	ONVO	ORGANOVO HOLDINGS INC	13,067
ARKQ	WKHS	WORKHORSE GROUP INC	1,507,061
ARKQ	KMTUY	KOMATSU LTD	27,085
ARKQ	GOOG	ALPHABET INC	1,861
ARKW	ICE	INTERCONTINENTAL EXCHANGE INC	76,202
ARKW	API	AGORA INC	61,401
ARKW	ADYEY	ADYEN NV	116,085
ARKW	TREE	LENDINGTREE INC	29,471
ARKX	DE	DEERE & CO	3,222
ARKX	SPCE	VIRGIN GALACTIC HOLDINGS INC	293,962

Catherine Wood, the CEO and CIO of ARK Investment Management LLC, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.