S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Cathie Wood’s ARK Invest Doubles Down on Buying This Biotech-Focused SPAC

Photo of Chris Lange
By Chris Lange Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Cathie Wood’s ARK Invest Doubles Down on Buying This Biotech-Focused SPAC

© Sckrepka / iStock

One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought nearly 2 million shares of Soaring Eagle Acquisition Corp. (NASDAQ: SRNG) on Thursday, as the share price of this fund traded up over 1% in the day’s session. This is doubling down on the huge purchase that Wood & Co. made on Wednesday.

Previously, ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 4,144,190 shares of the special purpose acquisition firm (SPAC), valuing the purchase at roughly $41 million.

On Thursday, ARK Innovation ETF (NYSEARCA: ARKK | ARKK Price Prediction) bought an additional 1,926,400 shares of Soaring Eagle Acquisition. At Thursday’s closing price the transaction was valued at roughly $19.2 million. This is only a small fraction of the total holdings. ARKK is up 49% over the past 52 weeks.

Here is a quick look at all the purchases made by ARK ETFs from Thursday:

Fund Direction Ticker Company Shares
ARKG Buy SMFR SEMA4 HOLDINGS CORP 73,710
ARKG Buy CRSP CRISPR THERAPEUTICS AG 15,000
ARKG Buy MASS 908 DEVICES INC 70,000
ARKG Buy SURF SURFACE ONCOLOGY INC 38,017
ARKG Buy RPTX REPARE THERAPEUTICS INC 525
ARKG Buy SGFY SIGNIFY HEALTH INC 21,100
ARKK Buy EDIT EDITAS MEDICINE INC 25,000
ARKK Buy SRNG SOARING EAGLE ACQUISITION CORP 1,926,400
ARKK Buy PATH UIPATH INC 119,500
ARKK Buy ROKU ROKU INC 337,688
ARKQ Buy AVAV AEROVIRONMENT INC 9,618
ARKQ Buy MKFG MARKFORGED HOLDING CORP 224,000
ARKQ Buy SPFR JAWS SPITFIRE ACQUISITION CORP 10,336
ARKW Buy ROKU ROKU INC 99,201
ARKW Buy GENI GENIUS SPORTS LTD 280,214
ARKX Buy SPFR JAWS SPITFIRE ACQUISITION CORP 9,900

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

[nativounit]

[wallst_email_signup]

Photo of Chris Lange
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.

Continue Reading

Cathie Wood’s ARK Invest Buys Over $176 Million Worth of Roku Shares
Chris Lange |

Cathie Wood’s ARK Invest Buys Over $176 Million Worth of Roku Shares

A couple of Cathie Wood's ARK Invest funds bought over $176 million worth of Roku shares on August 5.
Cathie Wood’s ARK Invest Buys Over 940,000 Shares of This Augmented Reality Firm
Chris Lange |

Cathie Wood’s ARK Invest Buys Over 940,000 Shares of This Augmented Reality Firm

On August 10, a couple of Cathie Wood's ARK Invest funds bought over 940,000 shares of Vuzix, a biotech-focused special…
Cathie Wood’s ARK Invest Buys Over 310,000 Shares of TuSimple
Chris Lange |

Cathie Wood’s ARK Invest Buys Over 310,000 Shares of TuSimple

A Cathie Wood's ARK Invest fund bought over 300,000 shares of autonomous vehicle maker TuSimple on August 19.
Cathie Wood’s ARK Invest Buys Over 2.5 Million Shares of Palantir
Chris Lange |

Cathie Wood’s ARK Invest Buys Over 2.5 Million Shares of Palantir

A few of Cathie Wood's ARK Invest funds bought over 2.5 million shares altogether of Palantir on August 16.
Cathie Wood’s ARK Invest Buys Nearly 500,000 Shares of TuSimple
Chris Lange |

Cathie Wood’s ARK Invest Buys Nearly 500,000 Shares of TuSimple

A pair of Cathie Wood's ARK Invest funds bought nearly 500,000 shares of autonomous vehicle maker TuSimple on August 6.
Cathie Wood’s ARK Invest Buys for 8/5
Chris Lange |

Cathie Wood’s ARK Invest Buys for 8/5

Here's a look at the ARK Invest Buys for August 5, 2021.
Cathie Wood’s ARK Invest Buys Over 800,000 Shares of Signify Health
Chris Lange |

Cathie Wood’s ARK Invest Buys Over 800,000 Shares of Signify Health

One of Cathie Wood's ARK Invest funds bought over 800,000 shares of Signify Health on August 11.
Cathie Wood’s ARK Invest Buys Nearly 700,000 Shares of Palantir
Chris Lange |

Cathie Wood’s ARK Invest Buys Nearly 700,000 Shares of Palantir

A couple of Cathie Wood's ARK Invest ETFs bought nearly 700,000 shares of Palantir on August 20.
Cathie Wood’s ARK Invest Buys Over 1 Million Shares of UiPath
Chris Lange |

Cathie Wood’s ARK Invest Buys Over 1 Million Shares of UiPath

A few of Cathie Wood's Ark Invest exchange-traded funds bought over 1 million shares of UiPath on September 9.

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618