Cathie Wood’s ARK Invest Buys Over a Million Shares of DraftKings

By Chris Lange Published Aug 25, 8:45AM EDT

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Cathie Wood’s ARK Invest Buys Over a Million Shares of DraftKings — © Fayethequeen / iStock via Getty Images

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

ARK Fintech Innovation ETF (NYSEARCA: ARKF) purchased 127,608 shares of DraftKings, while ARK Innovation ETF (NYSEARCA: ARKK) bought 742,840 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) 202,723 shares. At Tuesday’s closing prices, this would have valued these purchases at roughly $60.6 million altogether. Even though this is a small fraction of the total holdings, every little bit counts.

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

Fund	Ticker	Name	Shares
ARKF	PDD	PINDUODUO	10,231.00
ARKF	Z	ZILLOW	21,094.00
ARKF	TDOC	TELADOC HEALTH	12,603.00
ARKF	DKNG	DRAFTKINGS	127,608.00
ARKF	COIN	COINBASE GLOBAL	6,308.00
ARKG	PFE	PFIZER	258,390.00
ARKG	PSNL	PERSONALIS	4,500.00
ARKG	QSI	QUANTUM-SI	90,017.00
ARKG	RPTX	REPARE THERAPEUTICS	229.00
ARKG	MASS	908 DEVICES	650.00
ARKG	FATE	FATE THERAPEUTICS	171,840.00
ARKG	DYNS	DYNAMICS SPECIAL PURPOSE	106.00
ARKG	CMIIU	CM LIFE SCIENCES II	1,200.00
ARKG	ADPT	ADAPTIVE BIOTECHNOLOGIES	35,080.00
ARKK	SRNG	SOARING EAGLE ACQUISITION	1,197,532.00
ARKK	SGFY	SIGNIFY HEALTH	205,551.00
ARKK	NVTA	INVITAE	49,322.00
ARKK	FATE	FATE THERAPEUTICS	357,508.00
ARKK	DKNG	DRAFTKINGS	742,840.00
ARKQ	SPFR	JAWS SPITFIRE ACQUISITION	10,000.00
ARKQ	MKFG	MARKFORGED	326,798.00
ARKQ	KTOS	KRATOS DEFENSE & SECURITY SOLUTIONS	145,772.00
ARKQ	KMTUY	KOMATSU	6,500.00
ARKQ	DDD	3D SYSTEMS	67,394.00
ARKW	DKNG	DRAFTKINGS	202,723.00
ARKW	GENI	GENIUS SPORTS	224,800.00
ARKW	LPSN	LIVEPERSON	24,745.00
ARKX	2618HK	JD LOGISTICS	949,290.00
ARKX	ACIC	ATLAS CREST INVESTMENT	30,464.00
ARKX	PRNT	3D PRINTING ETF	11,184.00

[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.