ARK Funds

If you want to pay someone 0.75% to lose your money every year, I can do it for much cheaper than that.

In all seriousness, ARKK was a perfect storm during the pandemic. Cathie hit a homer with her TSLA thesis and thus began people comparing her with Warren Buffet. It became a self fulfilling prophecy because the more money she took in her concentrated holdings continued to shoot up. I still think her top 10 holdings still make up over 60% of ARKK and a lot of these holdings are duplicated in her other ETFs.

ARKK is just the 2020 version of the late 90s Janus funds all over again. Only difference is Cathie opens her mouth on TV all the time, and when she speaks about wild valuations that should be enough to keep you from investing your money.

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I’m in ARKG because I want exposure to the disruptors in healthcare and biotech

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I understand your reasoning there, but that seems like outsized risk for exposure to a bunch of microcap companies that are boom/bust. I see she holds some larger names and NVDA in there as well, but majority of the fund is concentrated?

Why not invest in something like IBB? Which is much more diversified and basically half the expense

Cathie Wood has destroyed a lot of investment portfolios but I would have destroyed a young Cathie Wood.

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Coinbase is now ARK Invest’s seventh largest holding at 4.39%, with its total of 11,440 COIN shares spread across its ARKF, ARKK and ARKW ETFs, according to Cathie’s ARK, a website devoted to tracking her portfolio.

Since Q1, ARK Invest has increased the number of COIN shares by 8.2% — which comes on the back of 20.2% and 25.2% increases in Q4 2022 and Q1 this year, according to the website.

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ARK Invest CEO Cathie Wood doesn’t appear to have been swayed by recent crypto regulatory action, buying another $19.9 million shares of Block Inc. right after buying $21 million in Coinbase stock.

Wood’s latest buying spree comes despite the United States Securities and Exchange Commission this week suing two of the industry’s exchange heavyweights, Binance and Coinbase, for offering what the regulator considers to be unregistered securities, among other things.

Coinbase's share price has been depressed in the days following the SEC lawsuit, however, Block Inc.'s shares saw a sharp rise in that same time period.

ARK Invest’s 305,573 new shares of Block came across six buys between June 7-8, which now represents ARK’s fourth largest holding at 4.81%, according to ARK Invest Daily Trades

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