Cathie Wood Loads Up Another $28M Worth Of Shares In Alibaba Rival JD.Com


Cathie Wood-led Ark Investment Management on Friday bought 366,879 shares, worth about $27.7 million, in Inc JD, a key rival to Alibaba Group Holding BABA in the e-commerce space in China.

Shares of closed 1.15% lower at $75.51 on Friday.

Wood's firm has been piling up shares in Alibaba rivals, some of which now account for a better part of its holdings compared to the Jack Ma-led company, whose shares have slumped over 20% since October last year over troubles with the Chinese government.

See also: How To Buy Alibaba Stock

The ARK Innovation ETF ARKF, which held about $112.5 million ahead of the trade on Friday, or 2.94% of the ETF weight, made the purchase. The stock ranks twelfth position among 47 stocks in ARKF.

The Beijing-headquartered runs one of the two massive B2C online retailers in China and is a major competitor to Alibaba-run Tmall.

See Also: Cathie Wood Slashes Apple Stake To Half — Also Trims Google, Fastly: What You Need To Know

Other Ark Buys On Friday:

  • Coinbase Global Inc COIN
  • Veracyte Inc VCYT
  • 908 Devices Inc MASS
  • Ionis Pharmaceuticals Inc INOS
  • Fate Therapeutics Inc FATE
  • CM Life Sciences II Inc CMII
  • CareDx Inc CDNA
  • Draftkings Inc DKNG
  • Unity Software Inc U
  • TuSimple Holdings TSP
  • Skillz Inc SKLZ
  • Kratos Defense & Security Solutions Inc KTOS
  • One AONE
  • Iridium Communications Inc IRDM
  • Teradyne Inc TER
  • Twitter Inc TWTR
  • Nano Dimension Ltd NNDM
  • Okta Inc OKTA
  • Meituan MPNGF

Ark Sells On Friday:

  • Yeahka Ltd YHEKF
  • Silvergate Capital Corp SI
  • Takeda Pharmaceutical Co Ltd TAK
  • Syros Pharmaceuticals Inc SYRS
  • Roche Holding Ag RHHBY
  • Nanostring Technologies Inc NSTG
  • Lendingtree Inc TREE
  • Novartis Ag NVS
  • Pure Storage Inc PSTG
  • Baidu Inc BIDU
  • Nintendo Co Ltd NTDOY
  • Workhorse Group Inc WKHS
  • Virgin Galactic Holdings Inc SPCE Crowdstrike Holdings Inc CRWD
  • Pinterest Inc PINS
  • Deere & Co DE

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Posted In: Sector ETFsSmall CapTrading IdeasETFsARK Investment ManagementCathie WoodChinae-commerce
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