Cathie Wood’s ARK Invest Buys Nearly 500,000 Shares of Buffett-Backed Brazilian Fintech
One of Cathie Wood's ARK Invest exchange-traded funds bought nearly 500,000 shares of this Buffett-backed Brazilian fintech company on December 20.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought nearly 500,000 shares of Buffett-backed Brazilian fintech company Nu Holdings Ltd. (NYSE: NU) on Monday. The price of this ETF pulled back nearly 3% in Monday’s session, and it is down a fair amount in the past year.
It was the ARK Fintech Innovation ETF (NYSEARCA: ARKF) that added 488,270 shares of Nu Holdings. At Monday’s closing price, this would have valued this purchase at roughly $4.4 million. This is only a small fraction of the total holdings. The ETF is down roughly 22% in the past year.
Check out all of ARK Invest’s buys for Monday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | PATH | UIPATH | 132,369 |
| ARKF | NU | NU HOLDINGS | 488,270 |
| ARKF | SE | SEA | 21,410 |
| ARKF | SQ | SQUARE | 27,359 |
| ARKF | DKNG | DRAFTKINGS | 55,400 |
| ARKF | HOOD | ROBINHOOD MARKETS | 62,500 |
| ARKF | DSYSJ | DISCOVERY | 67,614 |
| ARKG | NRIX | NURIX THERAPEUTICS | 16,628 |
| ARKK | TDOC | TELADOC HEALTH | 29,000 |
| ARKK | TWOU | 2U | 67,500 |
| ARKQ | XPEV | XPENG | 31,178 |
| ARKQ | BLDE | BLADE AIR MOBILITY | 35,039 |
| ARKQ | NIU | NIU TECHNOLOGIES | 9,279 |
| ARKQ | MTLS | MATERIALISE | 1,500 |
| ARKW | SHOP | SHOPIFY | 5,303 |
| ARKW | SE | SEA | 32,798 |
| ARKW | EDR | ENDEAVOR GROUP | 22,085 |
| ARKX | MYNA | MYNARIC | 2,100 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
Contact [email protected] for any questions or corrections.
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.
