On Tuesday, January 21, 2025, Cathie Wood‘s firm, Ark Invest, made significant trades, prominently increasing its stake in Illumina Inc (NASDAQ: ILMN).
The Illumina Trade
Ark Invest’s ARKG fund purchased 15,876 shares of Illumina Inc on Tuesday. With Illumina’s closing price at $141.31, this acquisition is valued at approximately $2.2 million.
This move follows a pattern of increasing investment in Illumina, as seen in prior trades where Ark similarly bolstered its holdings in the biotech giant.
The Accolade Divestment
In contrast, Ark Invest’s ARKG fund sold 466,337 shares of Accolade Inc (NASDAQ: ACCD) on the same day. With the shares closing at $6.88, this sale is valued at approximately $3.2 million.
Other Key Trades:
- Sold 50,333 shares of Oklo Inc at $31.25, valuing the transaction at roughly $1.6 million.
- Bought 26,667 shares of Deere & Co at $463.15, totaling about $12.4 million.
- Acquired 86,889 shares of Intellia Therapeutics Inc at $9.94, worth nearly $864,000.
- Sold 2,701 shares of Elbit Systems Ltd at $307.70, amounting to approximately $831,000.