ARK Investment Management Company’s Top Five Holdings for Q1 2021

According to reports, the 13F report submitted by ARK Investment Management Company, a subsidiary of “Wood Sister” Cathie Wood, shows that its top five holdings in the first quarter were Tesla, ROKU, Zoom, Coinbase, and Uibath, with a 17% increase in its holdings in Tesla and an increase of nearly 2.56 million shares in Coinbase. In addition, ARK established positions in 6 stocks such as AMD and Pinterest in the first quarter, and cleared positions in 17 stocks such as NIO Motors and Silvergate; And increase holdings in Block, Rocket Lab, Teladoc Health, and reduce holdings in individual stocks such as Xiaoniu Electric, DraftKings, and NVIDIA.

Mu Jie increased her holdings of nearly 2.56 million shares in Coinbase in the first quarter

Investment management companies play a vital role in managing the funds of their clients. One of the renowned companies in the field is the ARK Investment Management Company, founded by Cathie Wood. It has recently released its 13F report for the first quarter of 2021, in which the company’s top holdings and notable moves have been highlighted. In this article, we will discuss the top five holdings of ARK Investment Management Company in Q1 2021, its notable moves, and some of the factors that may have contributed to these decisions.

Table 1: Outline of the Article

– Introduction
– ARK Investment Management Company’s top five holdings
– Tesla
– ROKU
– Zoom
– Coinbase
– Notable moves of ARK Investment Management Company
– Positions established
– Positions cleared
– Stocks with increased holdings
– Stocks with reduced holdings
– Possible factors influencing ARK Investment Management Company’s moves
– Conclusion
– FAQs

Table 2: Article

ARK Investment Management Company’s top five holdings for Q1 2021 are Tesla, ROKU, Zoom, Coinbase, and Uibath. The report revealed that Tesla remains the top holding of ARK Investment Management Company, with an increase in holdings of 17%. Additionally, there was an increase of nearly 2.56 million shares in Coinbase.

Tesla

Tesla, which accounts for 9.42% of ARK’s portfolio, has been a top-performing stock, with its share price reaching an all-time high in January 2021. Elon Musk’s vision of a sustainable future has led to Tesla’s exponential growth, and ARK Investment Management Company’s confidence in the company’s long-term prospects is evident from its increased holdings.

ROKU

With 6.53% weight in the portfolio, ROKU is ARK’s second-largest holding. The American company that produces home digital media products has seen a surge in demand due to the pandemic, with more people staying at home and seeking entertainment options. ARK’s faith in the company’s growth potential has been evident since they first invested in ROKU in January 2019.

Zoom

Zoom is a video conferencing software company that has gained immense popularity since the pandemic hit. ARK’s investment in Zoom is a long-term bet on the software staying relevant even after the pandemic is over. The company accounts for 6.12% of ARK’s portfolio.

Coinbase

One of the noteworthy moves by ARK is the increase in its holdings in Coinbase. The company partnered with Coinbase to launch the first actively managed Bitcoin ETF in Canada. With a weight of 2.58% in the portfolio, ARK’s investment in Coinbase reflects its bullish outlook on the future of cryptocurrencies.

Notable moves of ARK Investment Management Company

Apart from the top five holdings, ARK Investment Management Company made several other notable moves in Q1 2021. The company established positions in six stocks, including Advanced Micro Devices (AMD) and Pinterest, and cleared positions in 17 stocks, including NIO Motors and Silvergate. The company also increased its holdings in Block, Rocket Lab, and Teladoc Health. Simultaneously, it reduced its holdings in individual stocks, such as Xiaoniu Electric, DraftKings, and NVIDIA.

Possible factors influencing ARK Investment Management Company’s moves

ARK Investment Management Company’s investments are based on in-depth research and anticipation of future trends. The company’s investments in Tesla, ROKU, and Zoom are based on their market dominance and intrinsic growth potential. The bullish outlook on Bitcoin and other cryptocurrencies could have led to the increase in holdings in Coinbase. The establishment of new positions in companies like AMD and Pinterest could reflect their confidence in these companies’ future performance.

Conclusion

ARK Investment Management Company’s 13F report for Q1 2021 provides insights into the performance of the company’s top holdings, notable moves, and investment strategies. Tesla remains the top holding, and the company’s confidence in the electric car maker is evident from the increase in holdings. The pandemic has resulted in a surge in demand for ROKU and Zoom, and ARK’s investment in these companies reflects their growth potential. The bullish outlook on cryptocurrencies is evident from their investment in Coinbase, and their establishment of positions in new companies reflects their anticipation of future trends.

FAQs

Q: What is the importance of ARK Investment Management Company’s 13F report for Q1 2021?
A: The 13F report provides insights into the company’s top holdings, notable moves, and investment strategies, enabling investors to make an informed decision about their investments.
Q: Why is Tesla ARK Investment Management Company’s top holding?
A: The electric car maker has been a top-performing stock, with its share price reaching all-time highs. ARK’s confidence in the company’s long-term prospects is evident from the increasing holdings.
Q: What are the factors that led to ARK Investment Management Company’s increase in holdings in Coinbase?
A: The bullish outlook on cryptocurrencies and the partnership with Coinbase to launch an actively managed Bitcoin ETF in Canada are some of the factors that may have contributed to the decision.