Cathie Wood Sheds $33.6M Alibaba Shares On Earnings Day

Cathie Wood-led Ark Investment Management on Thursday shed 162,840 shares, worth about $33.6 million, in Alibaba Group Holding (NYSE:BABA) after the company posted its first operating loss as a listed company, as a record regulatory fine it was slapped with last month weighed on its earnings.

Shares of Alibaba, the e-commerce company that runs China’s most visited online marketplaces Taobao and Tmall, closed 6.28% lower at $206.08 on Thursday.

The ARK Fintech Innovation ETF (NYSE:ARKF)  made the trade, ahead of which It held 422,896 shares, worth about $92.99 million in Alibaba.

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Besides ARKF, the hedge fund also holds Alibaba via the ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) and the ARK Space Exploration & Innovation ETF (BATS:ARKX).

Wood's firm has been piling up shares in Alibaba rivals including Pinduoduo Inc (NASDAQ:PDD) and JD.com Inc (NASDAQ:JD).

Other Ark Buys On Thursday:

• Zillow Group Inc Class A (NASDAQ:ZG)
• Coinbase Global Inc (NASDAQ:COIN)
• DraftKings Inc (NASDAQ:DKNG)
• Shopify Inc (NYSE:SHOP)
• Square Inc (NYSE:SQ)
• Repare Therapeutics Inc (NASDAQ:RPTX)
• Recursion Pharmaceuticals Inc (NASDAQ:RXRX)
• 908 Devices Inc (NASDAQ:MASS)
• Uipath Inc (NYSE:PATH)
• 1life Healthcare Inc (NASDAQ:ONEM)
• Exact Sciences Corporation (NASDAQ:EXAS)
• Ionis Pharmaceuticals Inc (NASDAQ:IONS)
• Butterfly Network Inc (NYSE:BFLY)
• Butterfly Network Inc (NYSE:BFLY)
• Signify Health Inc (NYSE:SGFY)
• Zymergen Inc (NASDAQ:ZY)
• Codexis Inc (NASDAQ:CDXS)
• CM Life Sciences II Inc (NASDAQ:CMII)
• Twilio Inc (NYSE:TWLO)
• Pacific Biosciences of California Inc (NASDAQ:PACB)
• TuSimple Holdings (NASDAQ:TSP)
• Unity Software Inc (NYSE:U)
Crispr Therapeutics AG (NASDAQ:CRSP)
• Zoom Video Communications Inc (NASDAQ:ZM)
• Beam Therapeutics Inc (NASDAQ:BEAM)
• Skillz Inc (NYSE:SKLZ) 
• Kratos Defense & Security Solutions Inc (NASDAQ:KTOS)
• Iridium Communications Inc (NASDAQ:IRDM)
• The 3D Printing ETF (BATS:PRNT)

Other Ark Sells On Thursday:

• Yeahka Ltd (OTC:YHEKF)
• Silvergate Capital Corp (NYSE:SI)
• Takeda Pharmaceutical Co Ltd (NYSE:TAK)
• Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX)
• Thermo Fisher Scientific Inc (NYSE:TMO)
• Syros Pharmaceuticals Inc (NASDAQ:SYRS)
• Sarepta Therapeutics Inc (NASDAQ:SRPT)
• Roche Holding Ag (OTC:RHHBY)
• Pluristem Therapeutics Inc (NASDAQ:PSTI)
• Regeneron Pharmaceuticals Inc (NASDAQ:REGN)
• Phreesia Inc (NYSE:PHR)
• Bristol-Myers Squibb Co (NYSE:BMY)
• Lendingtree Inc (NASDAQ:TREE)
• Synopsys Inc (NASDAQ:SNPS)
• Pure Storage Inc (NYSE:PSTG)
• Novartis Ag (NYSE:NVS)
• Paccar Inc (NASDAQ:PCAR)
• Intercontinental Exchange Inc (NYSE:ICE)
• Baidu Inc (NASDAQ:BIDU)
• KE Holdings (NYSE:BEKE)
• PayPal Holdings (NASDAQ:PYPL)
• Pinterest Inc (NYSE:PINS)
• Nvdia Corp (NASDAQ:NVDA)
• Netflix Inc (NASDAQ:NFLX)
• HubSpot Inc (NYSE:HUBS)
• Fastly Inc (NYSE:FSLY)
• Docusign Inc (NASDAQ:DOCU)
• Crowdstrike Holdings Inc (NASDAQ:CRWD)
• Workhorse Group Inc (NASDAQ:WKHS)
• Adyen NV (OTC:ADYEY)