Cathie Wood’s ARK buys Guardant Health stock, sells Iridium
ARK ETFs bought 9,070 shares of Guardant Health (GH) for $1.52M and 9,037 shares of AeroVironment (AVAV) for $1.39M. They sold 25,964 shares of Iridium (IRDM) for $1.2M, 313 shares of Teledyne (TDY) for $186,895, and 294 shares of Alphabet (GOOGL) for $102,720. These moves align with ARK's strategy of portfolio recalibration.
How this was made
The 30-second read
Why it matters
The disclosed trades provide fresh data on ARK's positioning, offering traders clues on short‑term sentiment for the listed stocks.
Market read
Fund activity updates are modestly relevant for traders focusing on the affected stocks, but overall market impact is limited.
What to watch
Potential upcoming earnings releases for Guardant Health and AeroVironment could amplify the impact of these trades.
Background
ARK Investment Management regularly publishes daily trade disclosures, which traders monitor for short‑term signals.
Ticker impact
ARK's ARKG ETF bought 9,070 shares of Guardant Health, adding $1.52M to its position.
Modest upside as fund accumulation signals confidence.
ARK's purchase is sizable for a micro‑cap but still modest relative to market float.
ARK's ARKX ETF purchased 9,037 shares of AeroVironment, worth $1.39M.
Small upward move expected.
Fund buying indicates continued interest, though volume is limited.
ARK's ARKX ETF sold 25,964 shares of Iridium Communications, valued at $1.20M.
Slight dip as the fund reduces exposure.
Selling by a high‑profile fund can trigger sell‑offs in the short term.
ARK's ARKQ ETF offloaded 313 shares of Teledyne Technologies, worth $186,895.
No material price change expected.
Trade size is tiny relative to daily volume.
ARK sold 294 shares of Alphabet across ARKK and ARKW ETFs, totaling $102,720.
No significant price movement anticipated.
Trade is very small for a mega‑cap.
Market effects
Shows ARK's continued tilt toward innovation and satellite/AI‑related stocks.
U.S. equity market, primarily tech and communications sectors.
Limited to investors tracking ARK's portfolio allocations.
Counterpoint
ARK's modest trades may be noise; price moves likely driven by broader market factors.
Key entities
- PersonCathie Wood
Founder of ARK Invest, whose fund actions influence market perception.
- OrganizationARK Investment Management
Active manager of multiple thematic ETFs.
