Cathie Wood's ARK Makes Bold Moves in Q1 2024, Coinbase Global Inc Sees Major Reduction

GuruFocus.com04-19

ARK Investment Management's Latest 13F Filing Highlights Key Strategic Changes Cathie Wood, the visionary founder of ARK Investment Management, has once again made headlines with her firm's latest 13F...

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Cathie Wood, the visionary founder of ARK Investment Management, has once again made headlines with her firm's latest 13F filing for the first quarter of 2024. With over four decades of investment experience, Wood has become synonymous with betting on disruptive innovation. As ARK's chief investment officer and portfolio manager, she has been instrumental in shaping the firm's investment philosophy, which is rooted in the belief that technological advancements in areas like AI, robotics, and blockchain can lead to significant market opportunities. The recent filing reveals Wood's strategic moves in a dynamic market landscape, reflecting her commitment to staying ahead of the curve in identifying growth potential.GuruFocus has detected 5 Warning Signs with COIN.Standard BioTools Inc , holding 13,042,440 shares, which represents 0.24% of the portfolio, with a total value of $35.35 million.Twilio Inc , with a ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861558580.USD":"日兴方舟颠覆性创新基金B","TQQQ":"纳指三倍做多ETF","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","COIN":"Coinbase Global, Inc.","QQQ":"纳指100ETF","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","ARKK":"ARK Innovation ETF","SLGC":"SomaLogic, Inc.","BK4585":"ETF&股票定投概念","BK4507":"流媒体概念","LAB":"Standard BioTools Inc.","ROKU":"Roku Inc","PATH":"UiPath","BK4561":"索罗斯持仓","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4551":"寇图资本持仓",".IXIC":"NASDAQ Composite","QID":"纳指两倍做空ETF","BK4196":"保健护理服务","LU0056508442.USD":"贝莱德世界科技基金A2","BK4121":"生命科学工具和服务","BK4550":"红杉资本持仓","TWLO":"Twilio Inc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2063271972.USD":"富兰克林创新领域基金","SQQQ":"纳指三倍做空ETF","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","QLD":"纳指两倍做多ETF","NTRA":"Natera, Inc.","PSQ":"纳指反向ETF","BK4097":"系统软件","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","SQ":"Block","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","ARKB":"ARK 21Shares Bitcoin ETF","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4112":"金融交易所和数据","TSLA":"特斯拉"},"translate_title":"Cathie Wood的方舟在Q1 2024年大胆行动，Coinbase Global Inc.看到大幅削减","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKB":1,"TWLO":1,"TSLA":1,"SQ":1,"SLGC":1,"ROKU":1,"PATH":1,"NVTAQ":1,"NTRA":1,"LAB":1,"COIN":1,"ARKK":1,".IXIC":0.9,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"ARK Investment Management's Latest 13F Filing Highlights Key Strategic Changes\nCathie Wood, the visionary founder of ARK Investment Management, has once again made headlines with her firm's latest 13F filing for the first quarter of 2024. With over four decades of investment experience, Wood has become synonymous with betting on disruptive innovation. As ARK's chief investment officer and portfolio manager, she has been instrumental in shaping the firm's investment philosophy, which is rooted in the belief that technological advancements in areas like AI, robotics, and blockchain can lead to significant market opportunities. The recent filing reveals Wood's strategic moves in a dynamic market landscape, reflecting her commitment to staying ahead of the curve in identifying growth potential.\n\nWarning! GuruFocus has detected 5 Warning Signs with COIN.\n\n\nSummary of New Buys\nCatherine Wood (Trades, Portfolio)'s ARK has welcomed 15 new stocks to its portfolio this quarter. Noteworthy additions include:\n\nThe ARK 21Shares Bitcoin ETF Beneficial Interest (ARKB), with 2,909,018 shares, making up 1.43% of the portfolio and valued at $206.48 million.\nStandard BioTools Inc (NASDAQ:LAB), holding 13,042,440 shares, which represents 0.24% of the portfolio, with a total value of $35.35 million.\nNatera Inc (NASDAQ:NTRA), with 322,384 shares, accounting for 0.2% of the portfolio and a total value of $29.49 million.\n\nKey Position Increases\nWood's ARK has also ramped up its stakes in 62 existing holdings, with the most significant increases seen in:\n\nTesla Inc (NASDAQ:TSLA), with an additional 1,375,910 shares, bringing the total to 5,178,429 shares. This represents a 36.18% increase in share count and a 1.67% impact on the current portfolio, valued at $910.32 million.\nRoku Inc (NASDAQ:ROKU), with an additional 3,027,775 shares, bringing the total to 12,556,647. This adjustment marks a 31.77% increase in share count, with a total value of $818.32 million.\n\nSummary of Sold Out Positions\nARK has completely divested from 8 holdings in the first quarter of 2024, including:\n\nSomaLogic Inc (SLGC), where Wood sold all 14,241,979 shares, impacting the portfolio by -0.21%.\nInvitae Corp (NVTAQ), with all 32,550,683 shares liquidated, causing a -0.12% impact on the portfolio.\n\nKey Position Reductions\nWood's ARK reduced its positions in 151 stocks. The most notable reductions include:\n\nCoinbase Global Inc (NASDAQ:COIN), with a reduction of 4,178,670 shares, leading to a -48.59% decrease in shares and a -4.31% impact on the portfolio. The stock traded at an average price of $179.97 during the quarter and has seen an 80.15% return over the past 3 months and a 28.79% year-to-date return.\nTwilio Inc (NYSE:TWLO), with a reduction of 6,187,545 shares, resulting in an -86.78% decrease in shares and a -2.78% impact on the portfolio. The stock's average trading price was $65.86 during the quarter, with a -18.70% return over the past 3 months and a -22.29% year-to-date return.\n\nPortfolio Overview\nAs of the first quarter of 2024, Catherine Wood (Trades, Portfolio)'s portfolio encompasses 231 stocks. The top holdings include 8.12% in Coinbase Global Inc (NASDAQ:COIN), 6.3% in Tesla Inc (NASDAQ:TSLA), 5.89% in Block Inc (NYSE:SQ), 5.67% in Roku Inc (NASDAQ:ROKU), and 4.96% in UiPath Inc (NYSE:PATH). The investments are primarily concentrated across nine industries, including Technology, Healthcare, Communication Services, Financial Services, Consumer Cyclical, Industrials, Energy, Consumer Defensive, and Basic Materials.\n\n\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428423546"}