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)