Cathie Wood's ARK ETFs have published their daily trades for Friday, December 27th, 2024, with significant activity across several sectors. Leading the purchases was Advanced Micro Devices Inc (NASDAQ:AMD), with a total of 70,093 shares acquired across three ARK funds, amounting to an $8,765,830 investment. This move underscores ARK's growing confidence in the semiconductor company as they expand their position.
In a substantial bet on biotechnology, 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, with a total value of $5,226,307.
Another notable buy was CRISPR Therapeutics AG (NASDAQ:CRSP), with ARK adding 98,763 shares across the ARKK and ARKG ETFs, totaling a $4,056,196 investment. This reinforces ARK's ongoing interest in the gene-editing company, as they have been consistently increasing their holdings in recent days.
On the sell side, ARK divested a total of 543,127 shares of Archer Aviation Inc (NYSE:NYSE:ACHR), split between the ARKK and ARKQ ETFs, with a total value of $6,153,628. This move may reflect ARK's strategic adjustments or a reassessment of the urban air mobility company's near-term prospects.
Quantum-Si Inc (NASDAQ:QSI) also saw a significant sell-off, with ARK parting with 1,470,517 shares through its ARKG ETF, amounting to $3,161,611. This could suggest a shift in ARK's view on the proteomics company's trajectory or market position.
Rocket Lab USA Inc (NASDAQ:RKLB) shares were reduced by 62,853 across ARKQ and ARKX (NYSE:ARKX) ETFs, valued at $1,787,539, indicating a potential recalibration of ARK's investment in the aerospace manufacturer.
Other transactions included the sale of 3,243 shares of Adaptive Biotechnologies Corp (NASDAQ:ADPT) through ARKG ETF for $20,884 and the purchase of 13,512 shares of Iridium Communications Inc (NASDAQ:IRDM) through ARKX ETF, valued at $390,226.
These trades reflect ARK's dynamic investment strategy, as they continue to adjust their holdings in response 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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