Investing

Cathie Wood's ARK Invest Buys for 7/8

The major averages saw a sizeable drop on Thursday with the S&P 500 leading the charge down about 0.9%. The family of ARK funds followed the markets lower yet again. ARKG performed the best out of the group, relatively flat on the day, while ARKK lagged the rest of the group, down about 1.9%. 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 Buys that ARK Invest executed on July 7, 2021. Also check out all the ARK Invest sells 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 trades we would highlight in this fund: NO BUYS

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 $9.6 billion. Here are some notable trades in this fund: Buy 231,750 shares of Quantum-Si, Buy 18,400 shares of 908 Devices, & Buy 45,992 shares of Recursion 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: Buy 218,424 shares of Coinbase, Buy 32,305 shares of Fate Therapeutics, & Buy 445,042 shares of UiPath.

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 $3.3 billion. Here are a few of trades of note in this fund: Buy 68,215 shares of Kratos Defense.

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. 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 $6.6 billion. Here are a couple of notable trades in this fund: Buy 37,054 shares of Coinbase, Buy 187,402 shares of Farfetch, Buy 59,338 shares of Vuzix, & Buy 72,233 shares of Unity Software.

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 BUYS

Check out all the Buys here:

Fund Direction Ticker Company Shares
ARKG Buy SGFY SIGNIFY HEALTH INC 90,214
ARKG Buy MASS 908 DEVICES INC 18,400
ARKG Buy QSI QUANTUM-SI INC 231,750
ARKG Buy RPTX REPARE THERAPEUTICS INC 11,285
ARKG Buy RXRX RECURSION PHARMACEUTICALS INC 45,992
ARKK Buy COIN COINBASE GLOBAL INC 218,424
ARKK Buy FATE FATE THERAPEUTICS INC 32,305
ARKK Buy PATH UIPATH INC 445,042
ARKQ Buy KTOS KRATOS DEFENSE & SECURITY SOLUTIONS INC 68,215
ARKW Buy COIN COINBASE GLOBAL INC 37,054
ARKW Buy FTCH FARFETCH LTD 187,402
ARKW Buy VUZI VUZIX CORP 59,338
ARKW Buy U UNITY SOFTWARE INC 72,233

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.