Cathie Wood: 18 Zillow Group transactions (ARK Invest / Z) (2024)

FAQs

How much money does the ARK Invest? ›

Assets under management reportedly peaked at more than $60 billion in 2021. ARK's funds and their net assets as of the end of March 2024 are: ARK Innovation ETF (ARKK): $7.67 billion. ARK Next Generation Internet ETF (ARKW): $1.71 billion.

ARK Investment Management has 50 total employees.

Wood's Ark Innovation ETF bought 65,514 shares of Tesla, according to a trading notification Thursday. That cost around $14 million. The fund also bought 133,334 shares of the EV maker in an update Monday, which cost around $28 million.

Despite the recent downturn, ARK remains a significant name in thematic investing, with Wood at the helm. Among other moonshot bets, she continues her long-standing support for cryptocurrency ventures like Coinbase Global, whose shares have seen a significant upswing over the past year.

Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade. A Morningstar analysis found that Ark Invest topped the list of wealth destroyers among other investment companies. "These funds managed to lose value for shareholders even during a generally bullish market," Morningstar said.

The ARK ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.

The firm's flagship fund, ARK Innovation (ARKK), was an early investor in hot technology companies such as Tesla, Nvidia and Salesforce. It returned a blistering 153% in 2020, putting it in the top 1% of similar funds.

Ark Invest's alternatives and competitors. See how Ark Invest compares to similar products. Ark Invest's top competitors include Global X, GraniteShares, and RepublicAlley.

Cathie Wood's Ark Invest has destroyed an estimated $14.3 billion in wealth over the past decade, according to a recent Morningstar analysis.

Her flagship ARK Innovation ETF (ticker ARKK) and the ARK Next Generation Internet ETF (ARKW) — have Tesla as their third and sixth largest holdings, respectively.

Will Tesla hit 2000 a share? ›

Tesla (TSLA) stock is down more than 30% so far in 2024, but Ark Invest CEO Cathie Wood thinks "now is not the time to run for the hills." In fact, Ark has been buying the stock and thinks it could rise to $2,000 per share in the next five years, representing an increase of more than 1,000% from today's levels.

The latest Securities and Exchange Commission filing of Musk's ownership stake in Tesla showed that he owned 715,022,706 shares in the company, or 20.5% of the shares outstanding. That makes Musk by far the largest shareholder, according to FactSet data.

While Cathie Wood's portfolio's top holdings include Tesla Inc (NASDAQ:TSLA), Block Inc (NYSE:SQ) and Shopify Inc (NYSE:SHOP), for this article we decided to see which stocks Cathie Wood was buying for 2024.

Cathie Wood is a star stock-picker and founder of $60 billion (assets) ARK Invest, which invests in innovations like self-driving cars and genomics. After stints at other investment firms, Wood created ARK in 2014 hoping to package active stock portfolios in an ETF format.

Despite very different approaches to investing, Wood and Buffett both own "Magnificent Seven" stock Amazon (AMZN -2.56%). While the company is best-known for its online store, Amazon is also home to a leading cloud computing operation, and is even beginning to make inroads in streaming, entertainment, and advertising.

With 14 ETFs traded on the U.S. markets, ARK ETFs have total assets under management of $14.28B. The average expense ratio is 0.71%. ARK ETFs can be found in the following asset classes: Currency.

Investment strategy

ARK Invest focuses on investing in disruptive technology. These technologies include artificial intelligence, DNA sequencing, CRISPR gene editing, robotics, electric vehicles, energy storage, fintech, 3D printing and blockchain technology. It has also invested in cryptocurrencies.