TL;DR
- On January 29, 2025, Ark Invest made a $3.67 million investment in 10X Genomics Inc and divested $1.33 million from Roblox Corp.
- Ark's trades reflect a strategic realignment of its investment portfolio according to current market conditions.
- In addition to these trades, Ark sold shares in Accolade Inc, Archer Aviation Inc, and Rocket Lab USA Inc while acquiring Qualcomm Inc.
On Wednesday, January 29, 2025, Cathie Wood‘s Ark Invest made significant investment in 10X Genomics Inc (TXG) and a notable divestment in Roblox Corp (RBLX). These trades highlight Ark’s ongoing efforts to optimize its holdings in line with market conditions.
The 10X Genomics Trade: Ark Invest made a substantial investment in 10X Genomics Inc (TXG) on Wednesday, purchasing a total of 247,089 shares across its ARKG and ARKK ETFs.
The total value of this investment is approximately $3.67 million, with the shares acquired at a closing price of $14.84..
The Roblox Trade
Meanwhile, Ark Invest decided to reduce its position in Roblox Corp (RBLX) by selling 19,003 shares from its ARKK ETF. With Roblox’s shares closing at $70.08, this divestment equates to a total value of around $1.33 million.
Other Key Trades:
- Sold 102,498 shares of Accolade Inc (ACCD) valued at approximately $705,000.
- Sold 61,169 shares of Archer Aviation Inc (ACHR) totaling around $553,000.
- Acquired 7,068 shares of Qualcomm Inc (QCOM) worth about $1.21 million.
- Sold 3,400 shares of Rocket Lab USA Inc (RKLB) valued at roughly $98,000.
- Sold 3,200 shares of Nu Holdings Ltd (NU) totaling around $40,000.
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