Cathie Wood’s ARK Invest Buys Over 650,000 Shares of Concord Acquisition
One of Cathie Wood's Ark Invest funds bought over 650,000 shares of Concord Acquisition on July 20.
One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Tuesday. The fund bought nearly 650,000 shares of Concord Acquisition Corp. (NYSE: CND), as the price of this ETF gained over 2% on the day. Note that this fund is up significantly in the past year.
Specifically, ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 661,638 shares of Concord Acquisition. At Tuesday’s closing price, this would have valued this purchase at roughly $6.8 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 47% in the past year.
Here’s a look at the other purchases across the ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | COIN | Coinbase Global | 18,735 |
| ARKF | PATH | UiPath | 124,593 |
| ARKG | RPTX | Repare Therapeutics | 347,968 |
| ARKG | PACB | Pacific Biosciences of California | 354,388 |
| ARKG | IONS | Ionis Pharmaceuticals | 54,702 |
| ARKG | SGFY | Signify Health | 16,800 |
| ARKG | QSI | Quantum-Si | 212,468 |
| ARKG | VERV | Verve Therapeutics | 60,922 |
| ARKG | ACCD | Accolade | 3,103 |
| ARKG | VRTX | Vertx Pharmaceuticals | 108,261 |
| ARKK | COIN | Coinbase Global | 120,069 |
| ARKK | FATE | Fate Therapeutics | 36,661 |
| ARKQ | BLDE | Blade Air Mobility | 58,752 |
| ARKQ | MGA | Magna International | 19,248 |
| ARKQ | MKFG | Markforged | 187,193 |
| ARKQ | U | Unity Software | 83,796 |
| ARKW | PATH | UiPath | 86,935 |
| ARKW | KVSB | Khosla Ventures Acquisition II | 319,300 |
| ARKW | GBTC | Grayscale Bitcoin Trust | 140,157 |
| ARKW | CND | Concord Acquisition | 661,638 |
| ARKX | 2618HK | JD Logistics | 812,800 |
| ARKX | AVAV | Aerovironment | 8,887 |
| ARKX | U | Unity Software | 18,500 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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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.
