Investing

Cathie Wood's ARK Invest Sells for 10/29

The S&P 500 ended October at record highs and actually posted its best month since November 2020. ARK Funds were not as fortunate and had a somewhat mixed close to the week with one big loser. ARKW performed the best out of the group, up 0.3% on the day, while ARKG did the worst, down 2.0%. The gains from the 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 29, 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: NO SALES

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: 32,830 shares of Veeva Systems, 399,588 shares of Takeda Pharma, 548,744 shares of Somalogic, 68,891 shares of Nanostring Technologies, & 235,100 shares of Iovance Bio.

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: 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 $3.1 billion. Here is the one sale 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 $6.4 billion. Here is the one notable sale in this fund: 488,016 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: NO SALES

Check out all the sales here:

FUND Direction Ticker Name Shares
ARKG Sell VEEV VEEVA SYSTEMS INC 32,830
ARKG Sell TAK TAKEDA PHARMACEUTICAL CO LTD 399,588
ARKG Sell SLGCW SOMALOGIC INC 548,744
ARKG Sell NSTG NANOSTRING TECHNOLOGIES INC 68,891
ARKG Sell IOVA IOVANCE BIOTHERAPEUTICS INC 235,100
ARKW Sell PTON PELOTON INTERACTIVE INC 488,016

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.