Hello Roblox, Bye Bye Facebook
$RBLX, $VRTX were ARK's biggest buys yesterday; $FB, $REGN were biggest sells
Cathie Wood’s ARK actively managed ETFs today made portfolio changes, most notably in:
Buy: Brand new IPO Roblox ($RBLX), where her managers bought nearly $40m in stock (based on closing price)
Buy: Vertex Pharmaceuticals ($VRTX), where ARK bought over $24m in stock based on closing price
Sell: Facebook ($FB), to the tune of nearly $18m
Sell: Regeneron Pharmaceuticals ($REGN), over $10m 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!