ARK Adding Big to Teladoc, Selling Nintendo
Cathie Wood's portfolio managers making shifts to end the week, most notably buying $TDOC
Cathie Wood’s ARK actively managed ETFs today made portfolio changes, most notably in:
Buy: Teladoc Health ($TDOC), where her managers bought over $30m in stock
Buy: Teradyne ($TER), where ARK bought over $15m in stock
Sell: Nintendo ($NTDOY), almost $7m worth
Sell: Caterpillar ($CAT), almost $5m worth
Based on closing prices for each equity security and the daily trade transparency provided by ARK, we compiled the below table for investors to more easily approximate what ARK’s moves were today. ARK is extraordinary in terms of its daily trading transparency, but they provide these trade logs in a way that isn’t very understandable or immediately digestible by those looking to see what actually happened in dollar terms.
Here at Whale Watcher, we’ve translated these into approximations of the activity that took place at ARK in dollar terms:
What are your thoughts? Feel free to comment if you think these are good moves to follow, or on the flip side if these may represent an opportunity for smaller market participants to take advantage of Whale Watching!