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Cathie Wood Sheds $33.6M Alibaba Shares On Earnings Day

Cathie Wood-led Ark Investment Management on Thursday shed 162,840 shares, worth about $33.6 million, in Alibaba Group Holding (NYSE: BABA) after the company posted its first operating loss as a listed company, as a record regulatory fine it was slapped with last month weighed on its earnings.

Shares of Alibaba, the e-commerce company that runs China’s most visited online marketplaces Taobao and Tmall, closed 6.28% lower at $206.08 on Thursday.

The ARK Fintech Innovation ETF (NYSE: ARKF)  made the trade, ahead of which It held 422,896 shares, worth about $92.99 million in Alibaba.

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Besides ARKF, the hedge fund also holds Alibaba via the ARK Autonomous Technology & Robotics ETF (BATS: ARKQ) and the ARK Space Exploration & Innovation ETF (BATS: ARKX).

Wood’s firm has been piling up shares in Alibaba rivals including Pinduoduo Inc (NASDAQ: PDD) and JD.com Inc (NASDAQ: JD).

Other Ark Buys On Thursday:

  • Zillow Group Inc Class A (NASDAQ: ZG)
  • Coinbase Global Inc (NASDAQ: COIN)
  • DraftKings Inc (NASDAQ: DKNG)
  • Shopify Inc (NYSE: SHOP)
  • Square Inc (NYSE: SQ)
  • Repare Therapeutics Inc (NASDAQ: RPTX)
  • Recursion Pharmaceuticals Inc (NASDAQ: RXRX)
  • 908 Devices Inc (NASDAQ: MASS)
  • Uipath Inc (NYSE: PATH)
  • 1life Healthcare Inc (NASDAQ: ONEM)
  • Exact Sciences Corporation (NASDAQ: EXAS)
  • Ionis Pharmaceuticals Inc (NASDAQ: IONS)
  • Butterfly Network Inc (NYSE: BFLY)
  • Butterfly Network Inc (NYSE: BFLY)
  • Signify Health Inc (NYSE: SGFY)
  • Zymergen Inc (NASDAQ: ZY)
  • Codexis Inc (NASDAQ: CDXS)
  • CM Life Sciences II Inc (NASDAQ: CMII)
  • Twilio Inc (NYSE: TWLO)
  • Pacific Biosciences of California Inc (NASDAQ: PACB)
  • TuSimple Holdings (NASDAQ: TSP)
  • Unity Software Inc (NYSE: U)
  • Crispr Therapeutics AG (NASDAQ: CRSP)
  • Zoom Video Communications Inc (NASDAQ: ZM)
  • Beam Therapeutics Inc (NASDAQ: BEAM)
  • Skillz Inc (NYSE: SKLZ
  • Kratos Defense & Security Solutions Inc (NASDAQ: KTOS)
  • Iridium Communications Inc (NASDAQ: IRDM)
  • The 3D Printing ETF (BATS: PRNT)

Other Ark Sells On Thursday:

  • Yeahka Ltd (OTC: YHEKF)
  • Silvergate Capital Corp (NYSE: SI)
  • Takeda Pharmaceutical Co Ltd (NYSE: TAK)
  • Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX)
  • Thermo Fisher Scientific Inc (NYSE: TMO)
  • Syros Pharmaceuticals Inc (NASDAQ: SYRS)
  • Sarepta Therapeutics Inc (NASDAQ: SRPT)
  • Roche Holding Ag (OTC: RHHBY)
  • Pluristem Therapeutics Inc (NASDAQ: PSTI)
  • Regeneron Pharmaceuticals Inc (NASDAQ: REGN)
  • Phreesia Inc (NYSE: PHR)
  • Bristol-Myers Squibb Co (NYSE: BMY)
  • Lendingtree Inc (NASDAQ: TREE)
  • Synopsys Inc (NASDAQ: SNPS)
  • Pure Storage Inc (NYSE: PSTG)
  • Novartis Ag (NYSE: NVS)
  • Paccar Inc (NASDAQ: PCAR)
  • Intercontinental Exchange Inc (NYSE: ICE)
  • Baidu Inc (NASDAQ: BIDU)
  • KE Holdings (NYSE: BEKE)
  • PayPal Holdings (NASDAQ: PYPL)
  • Pinterest Inc (NYSE: PINS)
  • Nvdia Corp (NASDAQ: NVDA)
  • Netflix Inc (NASDAQ: NFLX)
  • HubSpot Inc (NYSE: HUBS)
  • Fastly Inc (NYSE: FSLY)
  • Docusign Inc (NASDAQ: DOCU)
  • Crowdstrike Holdings Inc (NASDAQ: CRWD)
  • Workhorse Group Inc (NASDAQ: WKHS)
  • Adyen NV (OTC: ADYEY)

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Source: Cathie Wood Sheds $33.6M Alibaba Shares On Earnings Day

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