Cathie Wood’s ARK Acquires AMD and TXG Stocks While Divesting MRNA

Cathie Wood’s ARK ETF has released its daily trades for Thursday, October 10th, 2024, highlighting significant activity in the biotech and semiconductor sectors. Notably, ARK made a substantial investment in 10X Genomics Inc, purchasing a total of 1,148,427 shares across its ARKK and ARKG ETFs, which amounted to approximately $23,898,765. This acquisition reflects ARK’s increasing interest in genomics, as the firm has been steadily enhancing its holdings in TXG, showing strong conviction in the company’s long-term growth prospects.

On the selling side, ARK reduced its stake in Moderna Inc by offloading 160,994 shares across its ARKK and ARKG ETFs for a total value of $9,476,106. This divestment indicates a significant change in ARK’s stance on the biotech firm, which has experienced stock price fluctuations due to the ongoing dynamics of the pandemic and vaccine distribution.

In the semiconductor sector, ARK bolstered its position in Advanced Micro Devices Inc, acquiring 3,589 shares through its ARKQ ETF, totaling $613,790. This purchase continues a trend of consistent investments in AMD, signaling ARK’s positive outlook on the semiconductor industry and AMD’s role within it.

Additional trades included the acquisition of shares in Blade Air Mobility Inc and Crispr Therapeutics AG, with respective investments of $91,132 and $308,129. These investments underline ARK’s commitment to supporting disruptive technologies and innovative healthcare solutions.

On a smaller scale, ARK sold shares of Markforged Holding Corp and Materialise NV, with total sales valued at $20,262 and $19,021, respectively. Although these transactions are less significant in dollar terms, they exemplify ARK’s proactive management strategy, continually refining its portfolio to enhance growth and foster innovation.

These transactions illustrate ARK’s dynamic investment approach, emphasizing companies that are well-positioned to benefit from technological advancements and a forward-looking perspective in an evolving market landscape. Investors tracking ARK’s trades can identify patterns of increased investment in specific sectors, which may offer insights into where the firm perceives the most promising opportunities for future growth.