ARK ETF purchased a total of 38,595 shares of cybersecurity company CrowdStrike Holdings Inc. through its ARKW and ARKF funds, with a total value of approximately $13.24 million.
According to the Zhītōng Cáijīng news app, Cathie Wood, the famous investor also known as "Mùtóu Jiě," recently made a series of trades through her ARK ETF, with the aim of adjusting her holdings in high-tech companies. The most eye-catching trade was the purchase of 38,595 shares of cybersecurity company CrowdStrike Holdings Inc (CRWD.US) through its ARKW and ARKF funds, 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 its holdings in some companies, ARK also reduced its holdings in other companies. The most significant example was the sale of 17,607 shares of electric car giant Tesla (TSLA.US) through the ARKW ETF, with a value of nearly $4.39 million. This sell-off continued the trend earlier this week, when ARK sold a large amount of Tesla stock on Thursday, July 18.
Another company that suffered a reduction in holdings was the cryptocurrency trading platform Coinbase Global Inc (COIN.US), which ARK sold 16,758 shares of through the ARKW ETF, with a total value of $3.91 million. This series of sell-offs of Coinbase stock reflects continuity with last week's trading pattern.
Other noteworthy examples of reduction in holdings include 88,545 shares of Roblox Corp (RBLX.US), sold through the ARKF ETF for a value of approximately $3.52 million, and 3,623 shares of Intuitive Surgical (ISRG.US), sold through the ARKQ ETF for a value of approximately $1.51 million.
In addition, ARK's investment activities include reducing its holdings in UiPath Inc (PATH.US), as well as continuing to buy into Oklo Inc, which is still in the private stage. The continued purchase of the latter may indicate a potential trend identified by ARK in its investment strategy.
Overall, ARK ETF's series of trading activities not only demonstrates its keen insight into market trends, but also reflects its strategy of continuously optimizing and adjusting its investment portfolio. Investors should keep an eye on these trading trends to gain insight into market trends and investment opportunities.