Investing

Cathie Wood's ARK Invest Sells for 6/16

ARK Invest funds continued to slide in Wednesday’s session as there were losses across the board. ARKW performed the best out of the group, with the exchange-traded fund down less than 0.1%, while ARKQ did the worst, down 0.8%. The gains from last year are slowly sliding away, but Cathie Wood may have something up her sleeve as she is constantly reshuffling her ETFs to stand up to market headwinds.

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

Many traders are looking to mirror the plays of famous investors and huge brokerage firms to capitalize on the gains that the big dogs are making. Lucky for us, ARK Invest releases a list of its trades at the end of each 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 is a quick look at some of the major sells that ARK Invest executed on June 16, 2021. Also check out all the ARK Invest buys that took place today.

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 Square, Zillow, Pinterest, PayPal and Alibaba. Net assets for the fund are currently $4.2 billion. Here are some notable trades in this fund: Sell 35,354 shares of TCS Group.

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. The biggest holdings include the likes of Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. Net assets for the fund are currently $9.6 billion. Here are some notable trades in this fund: Sell 128,903 shares of Novartis, Sell 1,357 shares of Pluristem, Sell 22,178 shares of Sarepta, & Sell 366,228 shares of Takeda Pharma.

ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation across multiple industries, but the focus is primarily tech. Some of the biggest names are in this fund, including Tesla, Roku, Square, Zillow and Spotify. Net assets for this fund are currently $23.1 billion. Here are some notable trades in this fund: NO SALES

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) is focused, unsurprisingly, on companies that are in the field of autonomous technology and robotics, specifically ones that are disruptively innovating. Big names in this fund include Tesla, Alphabet, JD.com, Baidu and Iridium. Net assets for this fund are currently $3.3 billion. Here are a few of trades of note in this fund: Sell 325,800 shares of Galileo Acquisition, Sell 4,050 shares of NVIDIA, Sell 12,814 shares of Raven Industries, & Sell 36,315 shares of Tencent.

ARK Next Generation Internet ETF (NYSEARCA: ARKW) is focused on companies that are disruptively innovating within the theme of the next generation of the internet. Some names in this fund are similar to the others, including Tesla, Square, Grayscale Bitcoin Trust, Facebook and Snap. Net assets for this fund are currently $6.6 billion. Here are a couple of notable trades in this fund: Sell 46,793 shares of Tencent, Sell 187,131 shares of Pure Storage, & Sell 69,294 shares of CloudFlare.

Ark Space Exploration & Innovation ETF (NYSEARCA: ARKX) is primarily focused on companies developing technology around spaceflight. Big names in this fund include Trimble, Kratos, Nvidia, Amazon and Iridium. Net assets for this fund are currently $63.3 million. Trades worth noting in this fund: NO SALES.

Check out all the sells here:

Fund Direction Ticker Company Shares
ARKF Sell TCSLI TCS GROUP HOLDING PLC 35,354
ARKG Sell NVS NOVARTIS AG 128,903
ARKG Sell PSTI PLURISTEM THERAPEUTICS INC 1,357
ARKG Sell SRPT SAREPTA THERAPEUTICS INC 22,178
ARKG Sell TAK TAKEDA PHARMACEUTICAL CO LTD 366,228
ARKQ Sell GLEO GALILEO ACQUISITION CORP 325,800
ARKQ Sell NVDA NVIDIA CORP 4,050
ARKQ Sell RAVN RAVEN INDUSTRIES INC 12,814
ARKQ Sell TCEHY TENCENT HOLDINGS LTD 36,315
ARKW Sell TCEHY TENCENT HOLDINGS LTD 46,793
ARKW Sell PSTG PURE STORAGE INC 187,131
ARKW Sell NET CLOUDFLARE INC 69,294

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.