ARK Invest increased its holdings of Coinbase and Bitcoin ETF in the first quarter and reduced its holdings of Tesla

avatar
MarsBit
05-16
This article is machine translated
Show original
Mars Finance News: In the first quarter, Cathie Wood's ARK Investment Fund had a total market value of $9.99 billion, with the top ten holdings accounting for 48.49% of the total market value. Cathie Wood's first-quarter portfolio strategy showed an active layout in emerging technologies and biotechnology, while also optimizing and adjusting some holdings. In the first quarter, ARK increased its positions in AI (Palantir, UiPath), blockchain (Coinbase, Bitcoin ETF), and biotechnology (CRISPR, Teladoc), while reducing holdings in Tesla (intensified competition) and Zoom (slowing growth). Although Tesla remains the largest holding, accounting for 8.45% of the portfolio, its position size slightly decreased by 0.87% in the first quarter, marking the third consecutive quarter of reduction in Tesla holdings. (Jinshi)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments