Cathie Wood’s ARK Invest Buys Nearly 500,000 Shares of TuSimple
A pair of Cathie Wood's ARK Invest funds bought nearly 500,000 shares of autonomous vehicle maker TuSimple on August 6.
A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought nearly 500,000 shares of autonomous vehicle maker TuSimple Holdings Inc. (NASDAQ: TSP) on Friday, as the share price of these funds traded down less than 1% in the day’s session. The fund’s share price has improved greatly over the past year.
Specifically, ARK Innovation ETF (NYSEARCA: ARKK) bought 321,657 shares of TuSimple and ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 160,163 shares. At Friday’s closing price, this would have valued this purchase at roughly $16.3 million. This is only a small fraction of the total holdings. The former fund is up 47% over the past 52 weeks and the latter is 51% higher.
Here is a quick look at all the purchases made by ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | SGFY | Signify Health | 269,965 |
| ARKG | SMFR | Sema4 | 122,482 |
| ARKK | TSP | TuSimple | 321,657 |
| ARKK | SRNG | Soaring Eagle Acquisition | 1,309,155 |
| ARKK | ROKU | Roku | 48,880 |
| ARKK | PATH | UiPath | 98,425 |
| ARKQ | TSP | TuSimple | 160,163 |
| ARKQ | SPFR | Jaws Spitfire Acquisition | 11,500 |
| ARKQ | MKFG | Markforged | 93,145 |
| ARKQ | AVAV | Aerovironment | 10,640 |
| ARKW | GENI | Genius Sports | 69,930 |
| ARKW | PATH | UiPath | 130,691 |
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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 financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
