• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, June 18, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Cathie Wood’s Ark Invest testing ‘ARK on Steroids.’

by Ayush Bansal
November 26, 2021 - Updated On December 15, 2021
in Business, Markets, News
Reading Time: 3 mins read
0
Cathie Wood attributes recent crypto crash to Elon Musk and ESG movement

Cathie Wood, founder of ARK investment management image credits:

TwitterWhatsappLinkedin

Cathie Wood’s investment firm, known for investing in companies that are shaking up their industries. They are testing a portfolio that would let her bet against the corporate victims of that disruption.

You might also like

India Approves Starlink License Amid Satellite Internet Push

Mumbai Police Crack Down on Rapido, Uber Bike Taxis for Illegal Operations

Delhivery’s ₹1,407 Cr Acquisition of Ecom Express Approved by CCI

Cathie Wood — known for her innovation ETFs that garnered billions in inflows during the pandemic. They said Ark Invest is internally testing a fund that takes the strategy a step further by simultaneously betting against major stocks in the benchmarks that are being disrupted.

Wood, a widely followed stock picker, founded and runs the asset-management firm ARK Invest. ARK currently offers six actively managed exchange-traded funds. But none have the capability to short stocks borrowing shares and selling them later in a bet that prices would drop.

Cathie Wood

“We’re testing out a portfolio, but it’s really Ark on steroids,” Wood told CNBC’s “Squawk Box” on Wednesday. Wood said she wants to test the strategy on Ark’s employees and did not say when the fund would be made available to retail investors.

ARK’s flagship fund, the ARK Innovation ETF (ARKK) ditched 56,975 shares. It is worth an estimated $63.5 million, in Elon Musk’s electric-vehicle giant. ARK funds sold a tranche last month worth more than $200 million. Wood had indicated in September that she would be willing to sell down her flagship fund’s stake in Tesla (ticker: TSLA), according to reports.

“We think the benchmarks are where the big risks are long term because they are filling up with value traps. Those companies that have done very well historically but are going to be disintermediated and disrupted by the massive amount of innovation that’s taking place,” Wood said.

She said that when market conditions warrant more caution, portfolio managers and analysts typically fall back on stocks in the benchmark indexes. They dump the stocks that her ARK funds invest in, which are either small parts of benchmarks or not in them.

Wood also said that the new strategy, as with Ark’s other plays, would come with its share of volatility. But she said that as technologies like DNA sequencing, robotics, energy storage, AI, and blockchain converge, the bigger wins were still several years out.

ARK Funds

Wood’s ARK funds offered up a mixed showing on Wednesday. Wood’s ARK Innovation (ARKK) fund was up 1.7% in the stock market today. ARK Fintech Innovation (ARKF) rose 1.3% on Wednesday. The ARK Genomic Revolution (ARKG) ETF climbed 1.5%, reversing higher.

Year to date, those funds are down significantly while the major indexes are up solidly. ARKG hit a 52-week low on Tuesday.

Tesla stock remains ARK Innovation’s top holding. But ARK has been selling more shares in Tesla recently. Tesla stock rose 0.6% in Wednesday’s trading.

In turn, the investment firm has scooped up more stocks like Zoom Video Communications (ZM) and Roku (ROKU), which have fallen sharply in recent months.

ARKK produced total returns of 152% last year but is down 13.43% year to date according to FactSet. Tesla makes up 10.28% of the fund, its biggest holding.

Below are key trades for Ark on Tuesday

Bought 645,110 shares — estimated to be worth $133.3 million — in Zoom Video Communications Inc on the dip. The stock plummeted 14.7% to close at $206.64 a share on Tuesday.

Sold 43,188 shares — estimated to be worth $14.56 million — in Facebook Inc. The stock closed 1.10% lower at $337.25 a share on Tuesday.

Bought 499,744 shares — estimated to be worth $13.81 million — in Robinhood Markets Inc . The stock closed 0.68% lower at $27.65 a share.

 

Tags: ARK InvestBusinessCathie Wood Ark InvestMarket
Tweet54SendShare15
Previous Post

Instagram chief agrees to testify before Senate

Next Post

Alibaba Slides Toward Record Low While Investors Bet on JD.com

Ayush Bansal

Recommended For You

India Approves Starlink License Amid Satellite Internet Push

by Ishaan Negi
June 18, 2025
0
Elon Musk’s Starlink may soon offer satellite internet services in India

Starlink, SpaceX's satellite internet division, is moving quickly to deploy its services in India in a historic step that would hasten the country's digital revolution. A recent high-profile...

Read more

Mumbai Police Crack Down on Rapido, Uber Bike Taxis for Illegal Operations

by Ishaan Negi
June 18, 2025
0
Ride-hailing platform Rapido becomes a unicorn following $120 Mn funding

In a dramatic turn of events, Mumbai’s bustling streets have become the battleground between law enforcement and two of India’s biggest mobility players—Rapido and Uber. On Tuesday, the...

Read more

Delhivery’s ₹1,407 Cr Acquisition of Ecom Express Approved by CCI

by Ishaan Negi
June 18, 2025
0
Delhivery alleges Ecom Express misrepresented numbers in DRHP which may misguide investors

Delhivery Ltd.'s acquisition of a majority stake in Ecom Express Ltd. for about ₹1,407 crore has been authorized by the Competition Commission of India (CCI), marking a significant...

Read more
Next Post
Alibaba’s new AI translation tool beats Google and ChatGPT

Alibaba Slides Toward Record Low While Investors Bet on JD.com

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?