Latest news with #ARKInnovation
Yahoo
a day ago
- Business
- Yahoo
What are the top holdings of Cathie Wood's ARK Innovation ETF?
Tesla (TSLA) dominates Cathie Wood's ARK Innovation ETF (ARKK) holdings, but what other names back up the fund? Yahoo Finance Markets and Data Editor Jared Blikre, who also hosts Yahoo Finance's Stocks in Translation podcast, examines the fund's top holdings during its peak, including Tesla, Teladoc Health (TDOC), Roku (ROKU), Block (XYZ), and Shopify (SHOP), as well as its most recent holdings like Coinbase Global (COIN), Roblox (RBLX), and Palantir Technologies (PLTR). Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio. You can find more episodes here, or watch on your favorite streaming service. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Arc Innovation Fund has always been about disruption, so Kathy Wood's flagship fund was right in the place, the right place at the right time as the pandemic demanded different kinds of thinking. But times do change and so do disruption themes. So let's track the Arc Innovation portfolio shift over the last five years. I'm Jared Blikre, host of Stocks and Translation. Here behind me is a look at the top five positions in Arc by market value at two different times, before and during the pandemic boom. Now back in December of 2019, Tesla led with a modest $200 million position. Fast forward just over a year, Arc's Tesla holdings balloon to $2.4 billion as the fund's total assets exploded. The entire fund family was up nearly 400% from its pandemic lows. The ETF's holdings doubled to about 60 different names, adding big bets on remote favorites like Teledoc, Roku, and Shopify. But when the pandemic euphoria faded, so did the Innovation Fund. It lost 82% of its value from peak by into December of 2022. Now, check out its top 10 holdings here. Zoom led the fund with nearly $600 million and fast forward to today's portfolio, we can see a significant shift again. Tesla is back on top, $750 million, followed by newcomers like Coinbase, Roblox, and Palantir. Arc didn't just shrink, it rotated into themes like gaming, crypto again along with some early AI plays. So anything tied to disruption must necessarily reinvent itself. Now, let's take a look at the biggest holdings from April 2021. That was a peak, and Arc has completely eliminated a lot of these. Teledoc, once a massive $1.4 billion position, has been entirely exited. Also gone are once hot stocks like Zillow, Zoom, Spotify, and Baidu, each formally worth $700 million in arc. Take Zoom for example. It fell 5%, well, from 5% of the portfolio to zero as its stock price collapsed from about 80% over the pandemic bust. Now finally, here are some stocks that Arc has increased its bets on the most measured by the change in portfolio weight since April of 2021. Coinbase, you'll see there, was added shortly after its IPO. This was an unusual early move for an institutional investor. It's now about 9% of arc, up about 7 percentage points. Palantir, another name, showed early institutional interest from arc, added about five months after its IPO. It's now 5% of the fund, up nearly 4 percentage points. Arc also increased its already large positions in both Roku and Tesla, which has been its largest position for years by the way. These names became more prominent even as the fund shrank, showing high conviction. And today, these five stocks represent almost a quarter of the fund. Now arguably, the arc journey has mirrored the Gartner Hype Cycle that Kathy talks about often, from peak excitement through a tough trough, now onto a path of more sustainable growth. And with many of the names on a more solid technical footing, we'll have to see how far arc can climb again. And tune in to Stocks and Translation for more jargon-busting deep dives. New episodes on Tuesdays and Thursdays on Yahoo Finance's website or wherever you find your podcast. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Automotive
- Yahoo
What are the top holdings of Cathie Wood's ARK Innovation ETF?
Tesla (TSLA) dominates Cathie Wood's ARK Innovation ETF (ARKK) holdings, but what other names back up the fund? Yahoo Finance Markets and Data Editor Jared Blikre, who also hosts Yahoo Finance's Stocks in Translation podcast, examines the fund's top holdings during its peak, including Tesla, Teladoc Health (TDOC), Roku (ROKU), Block (XYZ), and Shopify (SHOP), as well as its most recent holdings like Coinbase Global (COIN), Roblox (RBLX), and Palantir Technologies (PLTR). Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio. You can find more episodes here, or watch on your favorite streaming service. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
Yahoo
7 days ago
- Automotive
- Yahoo
Tesla: Cathie Wood Breaks Silence on Musk-Trump Blowup
June 9 - Tesla (NASDAQ:TSLA) stock has come under renewed pressure amid rising political tensions between CEO Elon Musk and former U.S. President Donald Trump, a feud Ark Invest (ARKK) CEO Cathie Wood says may signal deeper structural risks. In a Friday video posted to Ark's YouTube channel, Wood highlighted Musk's growing friction with the government, noting his companies, including SpaceX and Neuralink, have long benefited from federal loans, contracts, and subsidies. Wood suggested Musk may be attempting to distance his businesses from political affiliations, but such a shift could prove difficult given their historic reliance on U.S. government support. Tesla and investors are beginning to realize just how much control the government holds, she said. The feud comes as Trump threatens to revoke federal contracts and casts doubt on Musk's influence, while Musk has criticized Trump's proposed spending plans and alleged connections to Jeffrey Epstein, triggering sharp market reaction. Despite trimming its stake after the 2024 election, Ark still holds Tesla as its top position in the ARK Innovation ETF, with a 10.3% weighting. Wood remains bullish long term, maintaining a $2,600 price target on the stock by 2029. Based on the one year price targets offered by 44 analysts, the average target price for Tesla Inc is $288.97 with a high estimate of $500.00 and a low estimate of $19.05. The average target implies a downside of -2.09% from the current price of $295.14. Based on GuruFocus estimates, the estimated GF Value for Tesla Inc in one year is $270.55, suggesting a downside of -8.33% from the current price of $295.14. This article first appeared on GuruFocus.
Yahoo
02-06-2025
- Business
- Yahoo
Cathie Wood Just Sold Tesla Stock In May But Is She Going Away With The Robotaxi Launch Approaching?
Cathie Wood and Ark Invest trimmed Tesla stock holdings three times last week, selling nearly 50,000 shares, even as TSLA overtook an aggressive entry. Wood's ARK Innovation ETF sold 49,075 shares of Tesla last week, according to daily trade disclosures. Ark Invest started off by selling 27,377 shares on Tuesday before dumping another 15,187 TSLA shares on Wednesday.
