Ark Invest's flagship fund realized $3.5 billion in losses in a year. Here were its 10 biggest losers.

Markets Insider10-17

Ark Invest's Innovation ETF realized $3.5 billion in losses in the fiscal year ending July 2024.Ark Invest saw an accumulated loss of $22 billion across its suite of ETFs.Cathie Wood said in an X post...

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Here were its 10 biggest losers.","media":"Markets Insider","content":"<div>\n<p>Ark Invest's Innovation ETF realized $3.5 billion in losses in the fiscal year ending July 2024.Ark Invest saw an accumulated loss of $22 billion across its suite of ETFs.Cathie Wood said in an X post...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/ark-invest-innovation-etf-losses-cathie-wood-growth-stocks-arkk-2024-10\">Source Link</a>\n\n</div>\n","source":"marketsinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ark Invest's flagship fund realized $3.5 billion in losses in a year. 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Here were its 10 biggest losers.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-17 03:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/stocks/ark-invest-innovation-etf-losses-cathie-wood-growth-stocks-arkk-2024-10><strong>Markets Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ark Invest's Innovation ETF realized $3.5 billion in losses in the fiscal year ending July 2024.Ark Invest saw an accumulated loss of $22 billion across its suite of ETFs.Cathie Wood said in an X post...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/ark-invest-innovation-etf-losses-cathie-wood-growth-stocks-arkk-2024-10\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://markets.businessinsider.com/news/stocks/ark-invest-innovation-etf-losses-cathie-wood-growth-stocks-arkk-2024-10","article_id":"2476410575","we_media_id":null,"thumbnails":["https://images2.markets.businessinsider.com/65eafa5cce7f1785b2e7b5a8?format=jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476410575","pubTimestamp":1729106324,"sourceInfo":{"source_id":"marketsinsider","name":"Markets Insider"},"weMediaInfo":null,"summary":"Ark Invest's Innovation ETF realized $3.5 billion in losses in the fiscal year ending July 2024.Ark Invest saw an accumulated loss of $22 billion across its suite of ETFs.Cathie Wood said in an X post this summer that trading losses are useful for offsetting future taxes.Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview. Access your favorite topics in a personalized feed while you're on the go.By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking \"unsubscribe\" at the bottom of the email.Here are the stocks in Ark Invest's flagship ETF that saw the biggest realized losses for the fiscal year ending July 31.10. Veracyte","collect":0,"end_time":0,"defaultTopTitle":"businessinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","ARKK":"ARK Innovation ETF","BK4550":"红杉资本持仓","BK4588":"碎股","FDN":"First Trust Dow Jones Internet I","BK4544":"ARK ETF合集"},"translate_title":"Ark Invest的旗舰基金一年内实现了35亿美元的亏损。以下是10个最大的输家。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKK":1,"FDN":0.9},"content_text":"Ark Invest's Innovation ETF realized $3.5 billion in losses in the fiscal year ending July 2024.Ark Invest saw an accumulated loss of $22 billion across its suite of ETFs.Cathie Wood said in an X post this summer that trading losses are useful for offsetting future taxes.\n\n\n\n\n\n\n\n \n\n\n                                    Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n                                  Thanks for signing up!\n                                  Go to newsletter preferences\n\n\n\n\n\nThanks for signing up!\n\n\n                              Access your favorite topics in a personalized feed while you're on the go.\n                              \n                                download the app\n                               \n\n\n\n\n\n\nEmail address\n\n\n\n\n\n                                      Sign up\n                                     \n\n\n\n                                  By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking \"unsubscribe\" at the bottom of the email.\n                              \n\n\n\n\n\n \n\nAdvertisement\n\nCathie Wood's Ark Invest recently filed its annual report for its fiscal year ending July 31, and it reveals some steep losses.Ark's flagship Innovation ETF realized $3.5 billion in losses from July 31, 2023, through July 31, 2024.Across Ark's suite of eight innovation and disruption-focused ETFs, the total accumulated loss was $21.7 billion, according to the annual report.The past few years have been tough for the kinds of speculative growth stocks Ark funds have focused on. The losses for its funds followed the deflation of the speculative trade in 2021, as investors fled the kinds of money-losing companies in which Ark Invest is heavily invested amid high inflation and rising interest rates.\nAdvertisement\n\nThe Financial Times flagged a now-deleted thread on X in July, in which Ark CEO Cathie Wood defended her fund's losses by arguing that they're an \"under-appreciated asset associated with our strategies.\" \"As a result, our trading-related capital tax losses should offset trading-related capital tax gains for years, an under-appreciated asset associated with our strategies,\" Wood said in the post.The Ark Innovation ETF is down 9% year-to-date and off 70% from its record high.Ark Invest did not respond to a request for comment.\nAdvertisement\n\nHere are the stocks in Ark Invest's flagship ETF that saw the biggest realized losses for the fiscal year ending July 31.10. Veracyte\n\n\n\n\n\n\n                          \n                          Markets Insider\n                          \n                          \n\n\nTicker: VCYTArk's Realized Loss: $6.8 million9. PagerDuty\nAdvertisement\n\n\n\n\n\n\n\n\n                          \n                          Markets Insider\n                          \n                          \n\n\nTicker: PDArk's Realized Loss: $10.0 million8. Beam Therapeutics\n\n\n\n\n\n\n                          \n                          Markets Insider\n                          \n                          \n\n\nTicker: BEAMArk's Realized Loss: $47.3 million7. Twist Bioscience\nAdvertisement\n\n\n\n\n\n\n\n\n                          \n                          Markets Insider\n                          \n                          \n\n\nTicker: TWSTArk's Realized Loss: $50.0 million6. 2U\n\n\n\n\n\n\n                          \n                          Markets Insider screenshot from March 2024\n                          \n                          \n\n\nTicker: Delisted (Bankruptcy)Ark's Realized Loss: $195.4 million5. UiPath\nAdvertisement\n\n\n\n\n\n\n\n\n                          \n                          Markets Insider\n                          \n                          \n\n\nTicker: PATHArk's Realized Loss: $270.9 million4. Invitae\n\n\n\n\n\n\n                          \n                          Courtesy of Invitae\n                          \n                          \n\n\nTicker: Delisted (Bankruptcy)Ark's Realized Loss: $453.4 million3. Roku\nAdvertisement\n\n\n\n\n\n\n\n\n                          \n                          Markets Insider\n                          \n                          \n\n\nTicker: ROKUArk's Realized Loss: $467.3 million2. Ginkgo Bioworks\n\n\n\n\n\n\n                          \n                          Markets Insider\n                          \n                          \n\n\nTicker: DNAArk's Realized Loss: $510.3 million1. Teladoc Health\n\n\n\n\n\n\n                          \n                          Markets Insider\n                          \n                          \n\n\nTicker: TDOCArk's Realized Loss: $1.50 billion","kind":null,"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":"4.29.0","shortVersion":"4.29.0","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/2476410575"}