Investing

Cathie Wood's ARK Invest Sells for 10/27

The Dow Jones and S&P 500 pulled back from their record highs on Wednesday, and while the Nasdaq ended the day relatively flat there was a push higher within big tech. While tech gains were selective on Wednesday, ARK Funds missed the boat. ARKQ performed the best out of the group, down 1.0% on the day, while ARKF did the worst, down 2.4%. The gains from past 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 sales that ARK Invest executed on October 27, 2021. Also check out all the ARK Invest purchases that took place that same day.

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 $4.0 billion. Here are a few notable sales in this fund: 19,440 shares of Sea.

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 are Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. Net assets for the fund are currently $9.7 billion. Here are the notable sales in this fund: NO SALES

ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation across multiple industries, but 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 $25.5 billion. Here are some notable sales in this fund: 74,818 shares of Proto Labs, 106,531 shares of Coinbase, & 38,984 shares of Tesla.

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 $3.1 billion. Here is the one sale of note in this fund: 7,800 shares of Lockheed Martin & 18,122 shares of Tesla.

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 $6.4 billion. Here is the one notable sale in this fund: 448,621 shares of Peloton.

Ark Space Exploration & Innovation ETF (NYSEARCA: ARKX) is focused primarily 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. The sale worth noting in this fund: 16,459 shares of Lockheed Martin.

Check out all the sales here:

FUND Direction Ticker Name Shares
ARKF Sell SE SEA LTD 19,440
ARKK Sell PRLB PROTO LABS INC 74,818
ARKK Sell COIN COINBASE GLOBAL INC 106,531
ARKK Sell TSLA TESLA INC 38,984
ARKQ Sell LMT LOCKHEED MARTIN CORP 7,800
ARKQ Sell TSLA TESLA INC 18,122
ARKW Sell PTON PELOTON INTERACTIVE INC 448,621
ARKX Sell LMT LOCKHEED MARTIN CORP 16,459

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.