Investing

Cathie Wood's Ark Invest Sells 1.5 Million Shares of Snap, Buys Discovery

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ARK Invest has been the talk of Wall Street over the last couple of years, outperforming the market and solidifying its place among the big players in the investments world. Cathie Wood is the founder and head of this investment house, and many have compared her rising star to the likes of Warren Buffett.

With famous investors and huge brokerage firms, many traders are looking to mirror their plays to capitalize on the gains that the big dogs are making. Lucky for us, ARK Invest releases its trades on a daily basis at the end of the trading day.

While some companies would require a subscription service or monetary fee to see what makes ARK Invest tick, here at 24/7 Wall St. we would rather give you the data for free. Here’s a quick look at some of the major trades that ARK Invest executed on February 24, 2021.

The ARK Fintech Innovation ETF (NYSEARCA: ARKF) deals mainly with up-and-coming fintech stocks as the name suggests. Some of its biggest holdings include the likes of Square, Zillow, Pinterest, PayPal, and Alibaba. Net assets for the fund are currently $2.72 billion. Here are a couple of trades we would highlight in this fund: Buy 311,846 shares of Discovery, Buy 27,456 shares of Facebook, & Buy 97,051 shares of Square.

ARK Genomic Revolution ETF (NYSEARCA: ARKG) looks at companies across multiple industries but the general focus is on Health Care and companies that are changing the game technologically in this field. Some of the biggest holdings include the likes of Pacific Biosciences, Teladoc Health, CRISPR, and Fate Therapeutics. Net assets for the fund are currently $10.7 billion. Here are a couple of trades we would highlight in this fund: Buy 187,400 shares of CM Life Sciences, Buy 295,500 shares of Signify Health, & Sell 104,449 shares of Twist Bioscience.

ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation and it spans across multiple industries but the focus is primarily tech. Some of the biggest names are in this fund like Telsa, Roku, Square, Zillow, and Spotify. Net assets for this fund are currently $22.6 billion. Here’s a couple trades we would highlight in this fund: Buy 534,390 shares of Square, Sell 1,205,432 shares of Snap, & Sell 221,971 shares of Tencent.

ARK Autonomous Technology & Robotics ETF ((NYSEARCA: ARKQ) is focused on companies that are in the field of autonomous technology and robotics, specifically ones that are disruptively innovating. More big names in this fund include Tesla, Alphabet, JD.com, Baidu, and Iridium. Net assets for this fund are currently $2.88 billion. Here are a couple of trades we would highlight in this fund: Buy 660,500 shares of Workhorse Group, Buy 307,163 shares of Vuzix, & Sell 17,463 shares of Deere.

ARK Next Generation Internet ETF (NYSEARCA: ARKW) this fund is focused on companies that are disruptively innovating within the theme of the next generation of the internet. There are some similar names in this fund as the others including Tesla, Square, Grayscale Bitcoin Trust, Facebook, and Snap. Net assets for this fund are currently $6.58 billion. Here are a couple of trades we would highlight in this fund: Buy 165,829 shares of Square & Sell 310,043 shares of Snap.

Check out all of the trades here:

Fund Direction Company Shares
ARKF Buy DISCOVERY LTD 311,846
ARKF Buy FACEBOOK INC 27,456
ARKF Buy OPENDOOR TECHNOLOGIES INC 120,800
ARKF Buy SQUARE INC 97,051
ARKF Sell VERISK ANALYTICS INC 135,953
ARKF Sell TENCENT HOLDINGS LTD 70,287
ARKF Sell LIGHTSPEED POS INC 130,200
ARKG Buy ACCOLADE INC 62,178
ARKG Buy CM LIFE SCIENCES INC 187,400
ARKG Buy SIGNIFY HEALTH INC 295,500
ARKG Buy 908 DEVICES INC 9,223
ARKG Buy REPARE THERAPEUTICS INC 13,842
ARKG Sell TWIST BIOSCIENCE CORP 104,449
ARKG Sell HIMS & HERS HEALTH INC 168,557
ARKG Sell CAREDX INC 99,611
ARKK Buy 10X GENOMICS INC 15,458
ARKK Buy SQUARE INC 534,390
ARKK Buy BEAM THERAPEUTICS INC 190,834
ARKK Sell SNAP INC 1,205,432
ARKK Sell TENCENT HOLDINGS LTD 221,971
ARKQ Buy WORKHORSE GROUP INC 660,500
ARKQ Buy VUZIX CORP 307,163
ARKQ Buy RAVEN INDUSTRIES INC 404
ARKQ Buy EXPERIENCE INVESTMENT CORP 94,994
ARKQ Buy ONE 208,917
ARKQ Sell FLIR SYSTEMS INC 23,918
ARKQ Sell DEERE & CO 17,463
ARKQ Sell CATERPILLAR INC 25,764
ARKW Buy SQUARE INC 165,829
ARKW Sell SNAP INC 310,043

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