Cathie Wood's ARK ETFs published their daily trades for Thursday, December 12th, 2024, showcasing a mix of strategic buy and sell decisions across various sectors. The most significant move from the day was the purchase of 5,080,595 shares of Archer Aviation Inc (NYSE:ACHR), with ARK's flagship ARKK ETF acquiring the bulk at 4,705,518 shares, followed by 288,154 shares through ARKQ ETF, and 86,923 shares via ARKX (NYSE:ARKX) ETF, amounting to a total dollar value of $37,545,596.
On the selling front, ARK chose to offload shares of several companies, including a notable sale of 36,600 shares of Tesla Inc (NASDAQ:TSLA), spread across ARKK ETF with 34,823 shares and ARKQ ETF with 1,777 shares, totaling a value of $15,546,581. This continues ARK's recent trend of reducing its position in the electric vehicle giant, following a larger sale of 51,335 TSLA shares just two days prior.
Another significant sale was of Rocket Lab USA Inc (NASDAQ:RKLB), with ARKX ETF parting with 4,100 shares for a value of $95,735. This follows a substantial sell-off of 205,897 RKLB shares on Wednesday, signaling a potential shift in ARK's investment strategy regarding the aerospace manufacturer.
ARK also engaged in smaller transactions, buying 28,823 shares of Symbotic Inc (NASDAQ:SYM) through its ARKQ ETF for a total of $768,997, and 56,338 shares of Tempus AI Inc (NYSE:TEM) across its ARKK and ARKG ETFs, totaling $2,433,238. The continued accumulation of TEMPUS AI INC stock is evident, with ARK having bought significant amounts consistently over the previous trading days.
In addition, ARK sold 2,479 shares of Veeva Systems Inc (NYSE:NYSE:VEEV) through its ARKG ETF, amounting to $579,714. This is part of a pattern of selling VEEV shares, with 4,660 shares sold earlier in the week.
Investors following Cathie Wood's ARK ETFs will note the continued focus on innovative and disruptive companies, with adjustments to holdings reflecting ARK's active management approach and response to market dynamics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.