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Cathie Wood’s ARK ETFs disclosed their daily trading activity for Tuesday, December 31, 2024, showing significant movements within their investment strategies. The standout transaction of the day was the sale of 152,694 shares of Tesla Inc (NASDAQ:), totaling $63,736,003. This divestment continues ARK’s recent approach of trimming their holdings in the prominent electric vehicle manufacturer.
On the purchasing side, ARK demonstrated a robust interest in technology stocks, notably acquiring Advanced Micro Devices Inc (NASDAQ:) and GitLab Inc (NASDAQ:GTLB). Across its ARKK and ARKQ ETFs, ARK purchased a combined total of 82,456 shares of AMD, valued at $10,095,912. In a more significant move, 245,243 shares of GitLab were acquired through the ARKK ETF, amounting to $13,848,872—building on ARK’s increasing investment in the DevOps platform over the past week.
Other notable acquisitions included 15,301 shares of Amazon.com Inc (NASDAQ:), valued at $3,386,111, and 109,301 shares of Teradyne Inc (NASDAQ:), which represented a $13,848,436 investment. Both of these transactions occurred via the ARKQ ETF. Additionally, ARK’s commitment to the healthcare sector was highlighted by the purchase of 78,536 shares of Illumina Inc (NASDAQ:) and 61,913 shares of Natera Inc (NASDAQ:), although the financial details of these trades were not specified.
In the industrial sector, BWX Technologies Inc (NYSE:) benefited from ARK’s investment, seeing 12,890 shares bought for $1,445,742. The ARKQ ETF also took on a position in 3D Systems Corp (NYSE:), acquiring 250,000 shares valued at $819,999.
Smaller transactions included the purchase of 47,758 shares of 10X Genomics Inc (NASDAQ:) for $685,327, and the sale of 17,436 shares of Adaptive Biotechnologies Corp (NASDAQ:) for $106,533, continuing a pattern of reduced holdings in the biotech firm.
For investors tracking ARK’s ETFs, these recent trades depict strategic shifts toward technology and healthcare stocks, while gradually reducing stakes in certain well-known companies like Tesla. As the year concludes, ARK’s trading patterns reveal Cathie Wood’s strategic vision for the fund moving forward into the new year.
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