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:
$Signify Health, Inc.(SGFY.US)$ is a leading healthcare platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs. It designs and develops software solutions. The company offers chronic care diabetes management and other healthcare-related applications for the healthcare sector.
$Coinbase Global, Inc.(COIN.US)$ Although stock in Coinbase keeps on falling, it hasn't deterred Cathie Wood's ARK Investment. Over the past two weeks, Coinbase stock tumbled 13%. However, ARK Investment snapped up more than 1.2 million additional shares, lifting its total holdings by more than 40% to 4.2 million shares as of last Thursday.
$Autodesk Inc(ADSK.US)$ is a California-based software corporation that makes software products and services for the architecture, engineering, construction, manufacturing, media, education, and entertainment industries. The company is best known for its AutoCAD (Computer-Aided Design) software.
According to Autodesk's latest quarterly earnings report for 2021, the first-quarter year-over-year revenue growth was 20%. The company expects to grow revenue 15%-19% annually over the next several years.
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!