Cathie Wood's ARK ETFs have disclosed their daily trades for Wednesday, September 11th, 2024, with significant activity in both buying and selling across various sectors. Leading the purchases was Tempus AI Inc (NASDAQ:TEM), with ARK investing a substantial $9,063,293 in the company through its ARKK ETF. Coinbase Global Inc (NASDAQ:COIN) followed closely, with a combined acquisition across ARKK, ARKW, and ARKF ETFs totaling $8,510,570.
On the selling side, ARK parted with a large stake in Palantir Technologies Inc (NYSE:NYSE:PLTR), divesting $6,397,612 worth of shares from its ARKK ETF. The Trade Desk Inc (NASDAQ:TTD) also saw a significant sell-off, with ARK releasing shares worth $6,555,334 across its ARKK and ARKW ETFs.
In addition to these major moves, ARK continued to adjust its holdings with the purchase of 511,321 shares of Personalis Inc (NASDAQ:PSNL) for $2,950,322 through the ARKG ETF, and the acquisition of 44,265 shares of Guardant Health Inc (NASDAQ:GH) totaling $1,142,479, also via ARKG.
The sales extended to a variety of stocks, with Exact Sciences Corp (NASDAQ:EXAS) seeing $904,948 worth of its shares sold by ARK's ARKG ETF, while Intuit Inc (NASDAQ:INTU) experienced a sell-off of $887,067 through ARKF.
Smaller trades included the buying of 70,643 shares of Absci Corp (NASDAQ:ABSI) for $259,259 and the selling of 1,748 shares of Veeva Systems Inc (NYSE:NYSE:VEEV) for $387,863, both through the ARKG ETF. Additionally, ARK's ARKG ETF sold 8,343 shares of 908 Devices Inc. (NASDAQ:MASS) for $29,283 and 2,235 shares of Mynaric AG (NASDAQ:MYNA) for a modest $1,475 through the ARKX ETF.
The pattern of ARK's trading over the past week shows a clear accumulation of shares in Tempus AI Inc (NASDAQ:TEM) and Personalis Inc (NASDAQ:PSNL), suggesting a bullish outlook on these companies. Conversely, there has been a consistent reduction in holdings of Butterfly Network Inc (NYSE:BFLY), Palantir Technologies Inc (NYSE:PLTR), and Vuzix Corp (NASDAQ:VUZI), indicating a strategic pivot away from these stocks.
Investors following Cathie Wood's ARK ETFs can observe these trends as part of the funds' active management strategy, which involves frequent and sometimes substantial rebalancing to align with ARK's investment thesis.
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