ARK ETF's big move! Cathie Wood increased holdings in cybersecurity giant CrowdStrike, while reducing holdings in Tesla and Coinbase
ARK ETF purchased shares of cybersecurity company CrowdStrike through its ARKW and ARKF funds, with a total value of approximately $13.24 million. At the same time, ARK reduced its holdings in Tesla and Coinbase. These transactions adjusted ARK's holdings in high-tech companies
According to the financial news app Zhitong Finance, the well-known investor "Cathie Wood" who manages the ARK ETF recently made a series of trades aimed at adjusting its holdings in high-tech companies. One of the most notable transactions was that the ARK ETF, through its ARKW and ARKF funds, purchased 38,595 shares of the cybersecurity company CrowdStrike Holdings Inc (CRWD.US), with a total value of approximately $13.24 million.
In addition to increasing its holdings in CrowdStrike, ARK also strengthened its investment in the software development platform GitLab Inc (GTLB.US) by increasing its holdings by 38,519 shares through the ARKW ETF, with a total value slightly exceeding $2 million.
However, while increasing holdings in certain companies, ARK also reduced its holdings in other companies. The most significant example is that ARK reduced its stake in the electric vehicle giant Tesla (TSLA.US) through the ARKW ETF, selling 17,607 shares worth nearly $4.39 million. This reduction follows a trend earlier this week when ARK sold a large amount of Tesla stock on Thursday, July 18.
Also subject to reduction is the cryptocurrency exchange platform Coinbase Global Inc (COIN.US), with ARK selling 16,758 shares worth a total of $3.91 million through the ARKW ETF. This series of reductions in Coinbase stock reflects continuity with last week's trading patterns.
Other noteworthy reduction cases include 88,545 shares of Roblox Corp (RBLX.US) sold through the ARKF ETF, valued at approximately $3.52 million, and 3,623 shares of Intuitive Surgical Inc (ISRG.US) sold through the ARKQ ETF, valued at around $1.51 million.
Furthermore, ARK's investment activities also include reducing its holdings in UiPath Inc (PATH.US) and continuing to buy into Oklo Inc, which is still in the private stage. The continued buying into the latter may indicate potential trends identified in ARK's investment strategy.
Overall, this series of trading activities by the ARK ETF not only demonstrates its keen insight into market dynamics but also reflects its strategy of continuously optimizing and adjusting its investment portfolio. Investors should keep an eye on these trading trends to gain insights into market trends and investment opportunities