Cathie Wood's ARK ETF published their daily trades for Monday, December 9th, 2024, revealing a notable shift in their investment strategy. The largest transaction of the day was a significant purchase of Tempus AI Inc (NYSE:TEM) shares, totaling 84,045 across the ARKK and ARKG ETFs, amounting to a dollar value of approximately $4,239,229. This move indicates a continuation of ARK's recent accumulation trend in Tempus AI, following substantial buys of the stock in previous days.
The ARK team also decided to offload shares in two other companies. The ARKG ETF parted with 1,058 shares of Senti Biosciences Inc (NASDAQ:SNTI), valued at $5,819. This sale follows a pattern of reducing their position in Senti Biosciences, as seen with consistent selling throughout the past week. Additionally, ARK reduced their holdings in Markforged Holding Corp (NYSE:MKFG), selling 414 shares through the ARKQ and ARKX (NYSE:ARKX) ETFs for a total of $1,589.
The recent trading pattern reveals ARK's growing confidence in Tempus AI, as they have been steadily increasing their stake in the company, while simultaneously trimming positions in other biotech and technology stocks. Investors following ARK's trades might interpret these actions as an optimistic outlook on Tempus AI's future performance and a strategic reallocation of assets within ARK's innovative technology and healthcare-focused portfolios.
These daily trade reports offer a transparent look into the ARK ETFs' trading activities and provide investors with insights into Cathie Wood's investment strategies. As the ETFs adjust their holdings, market watchers will be keen to see how these decisions play out in the dynamic landscape of tech and biotech investments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.