Cathie Wood’s ARK ETFs released their daily trades for Friday, December 27, 2024, with significant activity in several sectors. Leading the buying was Advanced Micro Devices Inc (NASDAQ: ), with a total of 70,093 shares acquired in the three ARK funds, amounting to an investment of $8,765,830. The move underscores ARK’s growing confidence in the semiconductor company as they expand their position.
In a significant bet on the biotech, ARK also bought 148,096 shares of Tempus AI Inc (NYSE:TEM) exclusively through its ARKG ETF, indicating a strong belief in the company’s data-driven approach to precision medicine, for a total of 5,226,307 USD.
Another notable buy was CRISPR Therapeutics AG (NASDAQ:CRSP), with ARK adding 98,763 shares to the ARKK and ARKG ETFs, for a total investment of $4,056,196. This reinforces ARK’s ongoing interest in the gene editing company, as they have steadily increased their stake in recent days.
In terms of sales, ARK sold a total of 543,127 shares Air force gunner Inc (NYSE:NYSE:), split between ARKK and ARKQ ETFs, with a total value of $6,153,628. The move may reflect ARK’s strategic adjustments or a reassessment of the company’s near-term prospects for urban air mobility.
Quantum-Si Inc (NASDAQ: ) also saw significant selling, with ARK divesting 1,470,517 shares through its ARKG ETF, for $3,161,611. This could suggest a change in ARK’s view of the proteomics company’s trajectory or market position.
Rocket Lab USA Inc (NASDAQ:RKLB) shares decreased by 62,853 in ARKQ and ARKX (NYSE:) ETFs, valued at $1,787,539, indicating a potential recalibration of ARK’s investment in the aircraft maker.
Other transactions included the sale of 3,243 shares Adaptive Biotechnologies Corp (NASDAQ:) through ARKG ETF for $20,884 and the purchase of 13,512 shares Iridium Communications Inc (NASDAQ: ) through ARKX ETF, worth $390,226.
These trades reflect ARK’s dynamic investment strategy, as they continue to adjust their holdings according to market conditions and company performance. Investors and market watchers will be keen to see how these moves play out in the evolving landscape of innovation-driven sectors.
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