Cathie Wood’s ARK Sells Tempus AI Stock and Reduces Taiwan Semi Holdings

Cathie Wood’s ARK ETFs have revealed their trading activity for Wednesday, October 2nd, 2024, showcasing a blend of strategic acquisitions and divestitures across various sectors. A standout transaction was a substantial purchase in Tempus AI Inc, where the ARKK ETF added 9,222 shares, representing an investment of approximately $489,411. This acquisition highlights ARK’s increasing commitment to the artificial intelligence field, following a larger purchase of 61,157 shares just a week prior.

In the aerospace sector, ARK has been actively increasing its position in Blade Air Mobility Inc, acquiring an additional 12,717 shares through both the ARKQ and ARKX ETFs, totaling around $38,786. This accumulation trend has been consistent over the past week, with previous purchases of 44,128 shares on October 1st and 74,266 shares on September 30th, reflecting ARK’s optimistic outlook on the urban air mobility company.

3D printing is another focus area for ARK, as the ARKQ ETF purchased 1,551 shares of 3D Systems Corp for approximately $4,141. This follows a larger acquisition of 98,555 shares on October 1st, indicating a growing confidence in the potential of 3D printing technology.

On the selling front, ARK has decreased its interest in aerospace manufacturer Rocket Lab USA Inc, offloading 3,916 shares through the ARKQ ETF for about $36,144. This sale is part of a broader trend, as ARK also sold 1,257 shares on October 1st and a significant 36,141 shares on September 30th.

Additionally, in the semiconductor sector, ARK’s ARKQ ETF sold 419 shares of Taiwan Semiconductor Manufacturing Co Ltd, totaling $72,097. This follows a prior sale of 1,096 shares on October 1st, suggesting a potential adjustment in strategy regarding the semiconductor giant.

Investors and market observers continue to monitor Cathie Wood’s ARK ETFs for their innovative investment approaches, and these recent trades provide insights into the sectors ARK sees as promising for the future. While daily trading activities offer immediate information, the evolving trends over time often reveal more about ARK’s long-term investment beliefs.