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

Investing

Published: August 9, 2021 10:12 am

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought nearly 500,000 shares of autonomous vehicle maker TuSimple Holdings Inc. (NASDAQ: TSP) on Friday, as the share price of these funds traded down less than 1% in the day’s session. The fund’s share price has improved greatly over the past year.

Specifically, ARK Innovation ETF (NYSEARCA: ARKK) bought 321,657 shares of TuSimple and ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 160,163 shares. At Friday’s closing price, this would have valued this purchase at roughly $16.3 million. This is only a small fraction of the total holdings. The former fund is up 47% over the past 52 weeks and the latter is 51% higher.

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

Fund	Ticker	Company	Shares
ARKG	SGFY	Signify Health	269,965
ARKG	SMFR	Sema4	122,482
ARKK	TSP	TuSimple	321,657
ARKK	SRNG	Soaring Eagle Acquisition	1,309,155
ARKK	ROKU	Roku	48,880
ARKK	PATH	UiPath	98,425
ARKQ	TSP	TuSimple	160,163
ARKQ	SPFR	Jaws Spitfire Acquisition	11,500
ARKQ	MKFG	Markforged	93,145
ARKQ	AVAV	Aerovironment	10,640
ARKW	GENI	Genius Sports	69,930
ARKW	PATH	UiPath	130,691

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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