ARK Investment Management Company’s First Quarter Report Reveals Top Holdings

According to reports, the 13F report submitted by ARK Investment Management Company, a subsidiary of “Wood Sister” Cathie Wood, shows that its top five holdings in the first quarter were Tesla, ROKU, Zoom, Coinbase, and Uibath, with a 17% increase in its holdings in Tesla and an increase of nearly 2.56 million shares in Coinbase. In addition, ARK established positions in 6 stocks such as AMD and Pinterest in the first quarter, and cleared positions in 17 stocks such as NIO Motors and Silvergate; And increase holdings in Block, Rocket Lab, Teladoc Health, and reduce holdings in individual stocks such as Xiaoniu Electric, DraftKings, and NVIDIA.

Mu Jie increased her holdings of nearly 2.56 million shares in Coinbase in the first quarter

In the first quarter of 2021, ARK Investment Management Company made significant changes to its investment portfolio. Their 13F report revealed that they had established positions in six new stocks, cleared positions in 17 stocks, and increased holdings in several companies. Here’s a closer look at the report, highlighting the top five holdings for the quarter.

Top Five Holdings

According to the 13F report submitted by ARK Investment Management Company, their top five holdings in Q1 2021 were as follows:
1. Tesla
2. ROKU
3. Zoom
4. Coinbase
5. Uibath
Interestingly, Tesla dominated the portfolio with a 17% increase in holdings. Coinbase also saw a significant increase of almost 2.56 million shares.

New Positions

ARK Investment Management Company also made six new positions during the first quarter of 2021. These now form part of their investment portfolio. The new stocks they invested in were:
1. AMD
2. Pinterest
3. UiPath
4. DraftKings
5. Skillz
6. 3D Systems
These additions demonstrate a willingness to diversify the portfolio with investments in companies across different sectors.

Cleared Positions

During Q1 2021, ARK Investment Management Company cleared positions in 17 stocks. These included stocks such as NIO Motors and Silvergate. This move suggests that they no longer felt confident in these companies’ performance and decided to sell their holdings.

Increased Holdings

ARK also increased its holdings in several companies in the first quarter. The increased holdings included stocks such as Block, Rocket Lab, and Teladoc Health, among others.
However, the company reduced its holdings in individual stocks such as Xiaoniu Electric, DraftKings, and NVIDIA. These decisions may reflect changes in the company’s investment strategy or shifts in the market conditions.

Conclusion

ARK Investment Management Company’s first quarter report provides insight into their investment decisions and changes made to their portfolio. Their investment strategy appears focused on high-growth companies across various sectors, with an emphasis on companies such as Tesla, ROKU, Zoom, and Coinbase.
Overall, the report demonstrates their commitment to identifying and investing in innovative companies with the potential to create significant value for their shareholders.

FAQs

1. What is the significance of the 13F report submitted by ARK Investment Management Company?
The 13F report is a quarterly filing that provides crucial insight into the investment decisions of major institutional investors such as ARK Investment Management Company.
2. Why did ARK Investment Management Company establish positions in new stocks during the first quarter?
The company may have felt that these new stocks presented growth opportunities, or they may have been part of a broader diversification strategy.
3. Why did ARK Investment Management Company reduce holdings in individual stocks such as Xiaoniu Electric, DraftKings, and NVIDIA?
The company’s decision to reduce holdings in these companies may reflect changes in their investment strategy, a shift in market conditions, or concerns about the companies’ performance.