By Zoe
ARK Investment has recently become a huge player in the ETF industry due to its wildly optimistic price target for Tesla. Its founder Catherine Wood is even called 'female Buffett'.
However, her investment preference is different from Buffett's. Wood advocates investment in transformational technologies, which she describes as "disruptive innovation", unlike Buffet, who rarely touches tech industries.
ARK currently has 6 actively managed innovation ETFs:
$ARK Autonomous Technology & Robotics ETF(ARKQ.US)$
$ARK Next Generation Internet ETF(ARKW.US)$
$ARK Genomic Revolution ETF(ARKG.US)$
$ARK Fintech Innovation ETF(ARKF.US)$
$ARK Space Exploration & Innovation ETF(ARKX.US)$
The performance of these funds is amazing. ARKK, the most well-known product, has an average annualized return of nearly 40% over the past five years. Moreover, all five funds have risen more than 80% in the past year. All of them have outperformed the S&P 500 ETF (SPY) and the NASDAQ 100 Index ETF (QQQ).
Among ARK's 6 actively managed innovation ETFs, only ARKF holds $Apple Inc(AAPL.US)$. In the past six trading days, ARKF sold 63.68% of its Apple holdings, around 399,600 shares.
The top three stocks on the list of lastest trades were:
$Apple Inc(AAPL.US)$ is grappling with continued supply chain constraints for its new high-end iPad Pro, potentially compounding an already month-and-a-half wait for the company's priciest tablet. The latest iPad Pro officially goes on sale in about a week but buyers may not be able to get their hands on one until deep into July. Delivery dates for pre-orders already stretch into late June to early July.
Apple executives said the company expects to miss out on as much as $4 billion in revenue in the current quarter due to a combination of "very, very high" demand and "semiconductor shortages that are affecting many industries."
$HubSpot Inc(HUBS.US)$ is an American developer and marketer of software products for inbound marketing, sales, and customer service. HubSpot provides tools for social media marketing, content management, web analytics, landing pages, customer support, and search engine optimization. Additionally, HubSpot offers consulting services and an online resource academy for learning inbound marketing tactics.
$Guidewire Software Inc(GWRE.US)$ is an American software company based in San Mateo, California. It offers an industry platform for property and casualty (P&C) insurance carriers. Its three main software products are ClaimCenter, PolicyCenter, and BillingCenter, each servicing a major component of a P&C insurance carrier.
Please do not blindly follow ARK's trades. This is to provide you with a list of quality companies worth looking at. It is always smart to do your own due diligence before investing!