Star investor Cathie Wood, CEO of Ark Investment Management, has said repeatedly in recent weeks that the decline of technology stocks has created buying opportunities. And she’s proving true to her word.
She has purchased stocks repeatedly, doubling down on some of her biggest names. On Feb. 22, Ark exchange-traded funds snapped up shares of electric car titan Tesla (TSLA), video meeting service (ZM), software company Twilio (TWLO), e-commerce stalwart Shopify (SHOP) and online video game platform Roblox (RBLX).
Tesla is the biggest holding in Ark’s flagship fund, Ark Innovation ETF (ARKK). Zoom is No. 3, Twilio is No. 10, Shopify is No. 15 and Roblox is No 24.
Ark funds bought 24,366 shares of Tesla. That was worth $20 million at Tuesday’s close and $19.9 million in recent trading. Ark Innovation bought 115,208 shares of Zoom. That was worth $14.6 million as of Tuesday’s close and $14.4 million in recent trading. Ark purchased 65,506 shares of Twilio. That was worth $10.6 million as of Tuesday’s close and $10.5 million in recent trading.
Ark purchased 35,405 shares of Shopify. That was worth $22.2 million as of Tuesday’s close and $22.4 million in recent trading. Ark Innovation snagged 195,002 shares of Roblox. That was worth $9.4 million as of Tuesday’s close and $9.2 million in recent trading.
On the selling side, Wood continued to dump shares of data-mining company Palantir Technologies (PLTR). Ark funds sold 11,761,901 shares of the company Monday. That was worth $123.3 million as of Tuesday’s close and $128.2 million in recent trading. Palantir is now the 37th biggest holding out of 38 stocks in Ark Innovation.
