Investing

Cathie Wood's ARK Invest Sells for 7/6

ARK Invest funds closed down for the most part on Tuesday following the S&P 500 and Dow Jones industrial average lower. ARKW performed the best out of the group, with the exchange-traded fund relatively flat, while ARKG did the worst, down about 1.5%. 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 July 6, 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 17,900 shares of Sea & Sell 284,033 shares of Snap.

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 37,629 shares of Castle Biosciences, Sell 90,300 shares of Bristol-Myers Squibb, & Sell 79,585 shares of 10X Genomics.

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: NO SALES

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 43,904 shares of Sea, Sell 55,514 shares of Roku, Sell 38,876 shares of PagerDuty, Sell 24,656 shares of Lending Club, Sell 341,190 shares of JD.com, & Sell 91,160 shares of Huya.

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: Sell 59,210 shares of Raven Industries.

Check out all the sells here:

Fund Direction Ticker Company Shares
ARKF Sell SE SEA LTD 17,900
ARKF Sell SNAP SNAP INC 284,033
ARKG Sell CSTL CASTLE BIOSCIENCES INC 37,629
ARKG Sell CDNA CAREDX INC 3,284
ARKG Sell BMY BRISTOL-MYERS SQUIBB CO 90,300
ARKG Sell TXG 10X GENOMICS INC 79,585
ARKW Sell SE SEA LTD 43,904
ARKW Sell ROKU ROKU INC 55,514
ARKW Sell PD PAGERDUTY INC 38,876
ARKW Sell LC LENDINGCLUB CORP 24,656
ARKW Sell JD JD.COM INC 341,190
ARKW Sell HUYA HUYA INC 91,160
ARKW Sell BEKE KE HOLDINGS INC 79,368
ARKX Sell RAVN RAVEN INDUSTRIES INC 59,210

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.