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 (NASDAQ:AAPL) stake in the ARK Fintech Innovation ETF (NYSE: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 (NASDAQ:GOOGL) via ARK Space Exploration & Innovation ETF (BATS: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 (NYSE:FSLY) via Ark Next Generation Internet ETF (NYSE:ARKW).

Other Ark Buys On Thursday:

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

Other Ark Sells On Thursday:

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