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 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 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 ARKQ and the ARK Space Exploration & Innovation ETF ARKX.

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

Other Ark Buys On Thursday:

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

Other Ark Sells On Thursday:

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