Cathie Wood’s ARK Invest Sells Over 150,000 Shares of Alibaba

By Chris Lange Published Aug 17, 8:45AM EDT

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Cathie Wood’s ARK Invest Sells Over 150,000 Shares of Alibaba — © alibabagroup.com

A couple of ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 150,000 shares of Alibaba Group Holding Ltd. (NYSE: BABA | BABA Price Prediction) shares on Monday, as the price of these ETFs were down in Monday’s session. The funds are still up significantly in the past year.

ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 144,198 shares of Alibaba, and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 8,057 shares. At Monday’s closing price, this would have valued this sale at roughly $27.8 million. This is only a small fraction of the total holdings. These ETFs are up 33% or more over the past 52 weeks.

Here are all the sales across ARK Invest funds on Monday:

Fund	Ticker	Company	Shares
ARKF	4477JP	BASE INC	48,700
ARKF	TCEHY	TENCENT HOLDINGS LTD	171,400
ARKF	SQ	SQUARE INC	34,913
ARKF	GOOG	ALPHABET INC	6,975
ARKF	BABA	ALIBABA GROUP HOLDING LTD	144,198
ARKG	VEEV	VEEVA SYSTEMS INC	50,102
ARKG	TXG	10X GENOMICS INC	74,910
ARKG	SRPT	SAREPTA THERAPEUTICS INC	148,676
ARKG	SEER	SEER INC	5,115
ARKG	RHHBY	ROCHE HOLDING AG	62,464
ARKG	PSTI	PLURISTEM THERAPEUTICS INC	39,600
ARKK	SQ	SQUARE INC	114,782
ARKK	SHOP	SHOPIFY INC	18,577
ARKK	PRLB	PROTO LABS INC	22,529
ARKK	NTDOY	NINTENDO CO LTD	115,600
ARKK	NSTG	NANOSTRING TECHNOLOGIES INC	102,244
ARKK	MCRB	SERES THERAPEUTICS INC	370,736
ARKK	IOVA	IOVANCE BIOTHERAPEUTICS INC	213,199
ARKK	DOCU	DOCUSIGN INC	28,788
ARKQ	BYDDY	BYD CO LTD	14,276
ARKQ	ANSS	ANSYS INC	10,048
ARKQ	XONE	EXONE CO/THE	47,203
ARKW	MELI	MERCADOLIBRE INC	6,264
ARKW	SE	SEA LTD	37,834
ARKW	TTD	TRADE DESK INC/THE	174,969
ARKX	BABA	ALIBABA GROUP HOLDING LTD	8,057
ARKX	NVDA	NVIDIA CORP	1,600

[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.