Cathie Wood’s ARK Invest Buys Over 600,000 Shares of DraftKings

By Chris Lange Published Jul 22, 8:45AM EDT

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Cathie Wood’s ARK Invest Buys Over 600,000 Shares of DraftKings — © Fayethequeen / iStock via Getty Images

A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Wednesday. These funds bought over 600,000 shares of DraftKings Inc. (NASDAQ: DKNG | DKNG Price Prediction), as the price of these ETFs gained more than 1% on Wednesday. Note that these funds are still up handily in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 486,875 shares of DraftKings, while ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 117,163 shares. At Wednesday’s closing prices, this would have valued these purchases at roughly $29.5 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 51% in the past year and ARKW is up 51%.

Check out all of ARK Invest’s buys for Wednesday:

Fund	Ticker	Company	Shares
ARKG	SGFY	Signify Health	9,907
ARKG	ACCD	Accolade	38,837
ARKG	RPTX	Repare Therapeutics	8,000
ARKG	IONS	Ionis Pharmaceuticals	65,060
ARKG	PACB	Pacific Biosciences of California	265,614
ARKG	QSI	Quantum-Si	16,756
ARKK	U	Unity Software	67,479
ARKK	PATH	UiPath	438,669
ARKK	PACB	Pacific Biosciences of California	101,948
ARKK	ZM	Zoom Video Communications	116,860
ARKK	FATE	Fate Therapeutics	38,816
ARKK	DKNG	DraftKings	486,875
ARKK	COIN	Coinbase Global	76,562
ARKQ	PATH	UiPath	138,170
ARKQ	MGA	Magna International	43,188
ARKQ	BLDE	Blade Air Mobility	20,247
ARKW	ZM	Zoom Video Communications	16,398
ARKW	DKNG	DraftKings	117,163
ARKW	KVSB	Khosla Ventures Acquisition II	12,878
ARKX	2618HK	JD Logistics	1,659,200
ARKX	AVAV	Aerovironment	544

[nativounit]
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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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.

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