Cathie Wood’s ARK Invest Sells Over 420,000 Shares of Baidu

By Chris Lange Published May 13, 9:45AM EDT

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One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 420,000 shares of Baidu Inc. (NASDAQ: BIDU) on Wednesday, as the share price of this fund traded down about 4% in the day’s session. The fund’s share price has greatly improved over the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 429,192 shares of Baidu. At Wednesday’s closing price, this would have valued this sale at roughly $78.7 million. This is only a small fraction of the total holdings. This fund is up 78% over the past 52 weeks.

Here is a quick look at all the other sales that took place across all ARK ETFs:

Fund	Ticker	Company	Shares
ARKF	9923HK	YEAHKA LTD	414,400
ARKF	SI	SILVERGATE CAPITAL CORP	12,700
ARKG	TMO	THERMO FISHER SCIENTIFIC INC	61,100
ARKG	TAK	TAKEDA PHARMACEUTICAL CO LTD	75,000
ARKG	SYRS	SYROS PHARMACEUTICALS INC	147,332
ARKG	SRPT	SAREPTA THERAPEUTICS INC	79,900
ARKG	RHHBY	ROCHE HOLDING AG	25,000
ARKG	REGN	REGENERON PHARMACEUTICALS INC	45,494
ARKG	PSTI	PLURISTEM THERAPEUTICS INC	3,700
ARKG	PHR	PHREESIA INC	61,200
ARKK	NVS	NOVARTIS AG	179,700
ARKK	BEKE	KE HOLDINGS INC	314,500
ARKK	BIDU	BAIDU INC	429,192
ARKK	TREE	LENDINGTREE INC	99,462
ARKK	SNPS	SYNOPSYS INC	170,419
ARKK	HUYA	HUYA INC	99,640
ARKK	REGN	REGENERON PHARMACEUTICALS INC	3,000
ARKK	PSTG	PURE STORAGE INC	304,896
ARKK	ICE	INTERCONTINENTAL EXCHANGE INC	79,985
ARKQ	WKHS	WORKHORSE GROUP INC	140,335
ARKQ	GOOG	ALPHABET INC	3,088
ARKW	TREE	LENDINGTREE INC	67,529
ARKX	WKHS	WORKHORSE GROUP INC	323,803

Catherine Wood, the CEO and CIO of ARK Investment Management LLC, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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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.

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