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

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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)

 

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