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


Cathie Wood-led Ark Investment Management nearly halved the Apple Inc AAPL stake in the ARK Fintech Innovation ETF ARKF on Thursday.

ARKF shed 298,505 Apple shares, worth about $38.73 million, as of the day's close, and continues to hold 292,435 shares.

Apple is now the thirty-seventh largest holding of ARKF among a total of 47 stocks. No other Ark ETF has a position in Apple.

Apple shares closed 1.28% lower at $129.74 on Thursday and have fallen 2.2% so far this year. The maker of iPhones and iPads last year became the first company to hit the $2 trillion market cap and some bulls expect the stock to hit the next $3 trillion market cap later this year.

See Also: When Will Apple's Stock Chart Say 'Buy'?

The New York-based firm also sold 1,349 shares, worth about $3 million, in tech giant Alphabet Inc GOOGL via ARK Space Exploration & Innovation ETF ARKX.

Wood’s firm held about $21 million worth of shares in the Google parent via ARKX ahead of Thursday’s trade,  representing about 3.3% weight of the ETF.

Alphabet shares closed 0.98% higher at $2,337.35 on Thursday.

See also: How To Buy Apple Stock

The investment firm shed a significant stake of 1.46 million shares, worth about $61.9 million, in the cloud software provider company Fastly Inc FSLY via Ark Next Generation Internet ETF ARKW.

Other Ark Buys On Thursday:

  • Zillow Group Inc ZG
  • Uipath Inc PATH
  • Mercadolibre Inc MELI
  • JD.Com Inc JD
  • Bill.Com Holdings Inc BILL
  • Schrodinger Inc SDGR
  • Repare Therapeutics Inc RPTX
  • 10x Genomics Inc TXG
  • Veracyte Inc VCYT
  • 908 Devices Inc MASS
  • Ionis Pharmaceuticals Inc INOS
  • Fate Therapeutics Inc FATE
  • CM Life Sciences II Inc CMII
  • CareDx Inc CDNA
  • Accolade Inc ACCD
  • Surface Oncology Inc SURF
  • Skillz Inc SKLZ
  • Twilio Inc TWLO
  • Draftkings Inc DKNG
  • Coinbase Global Inc COIN
  • Berkeley Lights Inc BLI
  • Unity Software Inc U
  • Roku Inc ROKU
  • Teradyne Inc TER
  • Jaws Spitfire Acquisition Corp SPFR
  • Kratos Defense & Security Solutions Inc KTOS
  • One AONE
  • Iridium Communications Inc IRDM
  • Experience Investment Corp EXPC
  • Twitter Inc TWTR
  • Sea Ltd SE

Other Ark Sells On Thursday:

  • Intercontinental Exchange Inc ICE
  • Silvergate Capital Corp SI
  • Marketaxess Holdings Inc MKTX
  • HDFC Bank Ltd HDB
  • Takeda Pharmaceutical Co Ltd TAK
  • Syros Pharmaceuticals Inc SYRS
  • Sarepta Therapeutics Inc SRPT
  • Roche Holding Ag RHHBY
  • Pluristem Therapeutics Inc PSTI
  • Phreesia Inc PHR
  • Nanostring Technologies Inc NSTG
  • Lendingtree Inc TREE
  • Regeneron Pharmaceuticals Inc REGN
  • Baidu Inc BIDU
  • Nintendo Co Ltd NTDOY
  • Novartis Ag NVS
  • Organovo Holdings Inc ONVO
  • Pure Storage Inc PSTG
  • Workhorse Group Inc WKHS
  • Intuitive Surgical Inc ISRG
  • Caterpillar Inc CAT Deere & Co DE Virgin Galactic Holdings Inc SPCE
  • Komatsu Ltd KMTUY
  • Pinterest Inc PINS
  • Adyen Nv ADYEY
  • Crowdstrike Holdings Inc CRWD
  • Teledyne Technologies Inc  TDY
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