Investing

Cathie Wood's ARK Invest Sells for 2/3

Futures were fairly positive on Thursday evening after a tumultuous trading day. ARK Funds gave back more of their gains from earlier in the week. ARKX performed the best out of the group, with a 2.9% loss on the day, while ARKW did the worst, down 6.1%. 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 February 3, 2022. 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 $2.2 billion. Here is a notable sale in this fund: 6,145 shares of PayPal & 43,247 shares of Twitter.

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 $5.1 billion. Here is a notable sale in this fund: 198 shares of Takeda Pharma.

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 $16.2 billion. Here are the notable sales in this fund: 1,751,255 shares of Twitter, 124,456 shares of Trimble, 34,866 shares of Skillz, & 506,754 shares of Iridium Communications.

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 $2.2 billion. Here are a couple of notable trades in the fund: 16,844 shares of Trimble & 47,944 shares of Iridium Communications.

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 $3.8 billion. Here are the notable sales in this fund: 354,845 shares of Twitter & 13,184 shares of Skillz.

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 $468.9 million. A notable sale in this fund: 5,672 shares of Iridium Communications.

Check out all the sales here:

FUND Direction Ticker Name Shares
ARKF Sell PYPL PAYPAL HOLDINGS INC 6,145
ARKF Sell SNAP SNAP INC 931
ARKF Sell TWTR TWITTER INC 43,247
ARKG Sell TAK TAKEDA PHARMACEUTICAL CO LTD 198
ARKK Sell TWTR TWITTER INC 1,751,255
ARKK Sell TRMB TRIMBLE INC 124,456
ARKK Sell SKLZ SKILLZ INC 34,866
ARKK Sell IRDM IRIDIUM COMMUNICATIONS INC 506,754
ARKK Sell EDIT EDITAS MEDICINE INC 1,597
ARKK Sell DDD 3D SYSTEMS CORP 1,696
ARKQ Sell TRMB TRIMBLE INC 16,844
ARKQ Sell JD JD.COM INC 200
ARKQ Sell IRDM IRIDIUM COMMUNICATIONS INC 47,944
ARKW Sell TWTR TWITTER INC 354,845
ARKW Sell SNAP SNAP INC 144
ARKW Sell SKLZ SKILLZ INC 13,184
ARKW Sell LPSN LIVEPERSON INC 25
ARKW Sell DOCU DOCUSIGN INC 100
ARKX Sell IRDM IRIDIUM COMMUNICATIONS INC 5,672

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.

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