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Cathie Wood Cuts Apple Stake Almost Entirely — And Buys More Coinbase

May 18, 2021 1:20 am
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Cathie Wood Cuts Apple Stake Almost Entirely — And Buys More Coinbase

Cathie Wood-led Ark Investment Management on Monday shed nearly all of its stake in Apple Inc (NASDAQ:AAPL) and continued to snap up shares of Coinbase Global Inc (NASDAQ:COIN).

Ark sold 188,455 shares, worth about $23.8 million in Apple. After Monday's sale, the investment firm now holds a little under 3,000 shares in the Cupertino, California-based company via the ARK Fintech Innovation ETF (NYSE:ARKF). No other Ark ETF has a position in Apple.

Shares of Apple closed 0.93% lower at $126.27 on Monday.

See Also: Cathie Wood Cuts Apple Stake By 30% And Buys Coinbase, DraftKings

The New York-based investment firm snapped up another 259,897 shares, worth about $64.5 million, in the cryptocurrency exchange Coinbase via ARKF, the Ark Innovation ETF (NYSE:ARKK), and the ARK Next Generation Internet ETF (NYSE:ARKW).

Coinbase shares closed 3.92% lower at $248.24 on Monday. The three ETFs together held 3.4 million shares, worth about $878.4 million, ahead of Monday’s trade.

See also: How To Buy Apple Stock

Other Ark Buys On Monday:

  • Square Inc (NYSE:SQ)
  • Twilio Inc (NYSE:TWLO)
  • StoneCo Ltd (NASDAQ:STNE)
  • Signify Health Inc (NYSE:SGFY)
  • Recursion Pharmaceuticals Inc (NASDAQ:RXRX)
  • 908 Devices Inc (NASDAQ:MASS)
  • 1life Healthcare Inc (NASDAQ:ONEM)
  • Ionis Pharmaceuticals Inc (NASDAQ:IONS)
  • Castle Biosciences Inc (NASDAQ:CSTL)
  • CM Life Sciences II Inc (NASDAQ:CMII)
  • Codexis Inc (NASDAQ:CDXS)
  • Accolade Inc (NASDAQ:ACCD)
  • Zoom Video Communications Inc (NASDAQ:ZM)
  • Twitter Inc (NYSE:TWTR)
  • TuSimple Holdings (NASDAQ:TSP)
  • Palantir Technologies (NYSE:PLTR)
  • Pacific Biosciences of California Inc (NASDAQ:PACB)
  • Crispr Therapeutics AG (NASDAQ:CRSP)
  • Uipath Inc (NYSE:PATH)
  • Niu Technologies (NASDAQ:NIU)
  • Atlas Crest Investment Corp (NYSE:ACIC)
  • Draftkings Inc (NASDAQ:DKNG)
  • Blade Air Mobility Inc (NASDAQ:BLDE)

Other Ark Sells On Monday:

  • HubSpot Inc (NYSE:HIBS)
  • Guidewire Software Inc (NYSE:GWRE)
  • Yeahka Ltd (OTC:YHEKF)
  • MarketAxess Holdings Inc (NASDAQ:MKTX)
  • Nvdia Corp (NASDAQ:NVDA)
  • Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX)
  • Thermo Fisher Scientific Inc (NYSE:TMO)
  • Pluristem Therapeutics Inc (NASDAQ:PSTI)
  • Bristol-Myers Squibb Co (NYSE:BMY)
  • Phreesia Inc (NYSE:PHR)
  • Organovo Holdings Inc (NASDAQ:ONVO)
  • KE Holdings Inc (NYSE:BEKE)
  • Baidu Inc (NASDAQ:BIDU)
  • Lendingtree Inc (NASDAQ:TREE)
  • Synopsys Inc (NASDAQ:SNPS)
  • Paccar Inc (NASDAQ:PCAR)
  • Novartis AG (NYSE:NVS)
  • Galileo Acquisition Corp (NYSE:GLEO)
  • Autodesk Inc (NASDAQ:ADSK)
  • Agora Inc (NASDAQ:API)
  • Workhorse Group Inc (NASDAQ:WKHS)
  • Virgin Galactic Holdings Inc (NYSE:SPCE)
  • Teledyne Technologies Inc (NYSE:TDY)

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