"Sister Wood" spent more than US$21 million to increase her position in Space X
Ark Invest, owned by Cathie Wood, conducted a number of transactions on Monday, and the operation that received the most market attention was adding a position in SpaceX. This aerospace company recently completed its listing, and the market has revived controversy over its valuation, which continues to attract capital attention. At the same time, Ark Investment continues to reduce its holdings , and adjusted the holding structure of many of its heavyweight innovation track funds. Ark increased its holdings of SpaceX shares through multiple of its funds that day. Since completing its landmark initial public offering, the stock has fallen nearly 35% from the highs set in its first month on the market. Wood’s flagship fund ARKK bought 88,957 shares of SpaceX that day, ARKQ bought 32,556 shares, ARKX bought 8,728 shares, and ARKW bought 23,008 shares. Based on the stock's closing price of $139.14, the total value of these transactions is nearly $21.3 million. Last week, Ark also bought millions of dollars worth of SpaceX stock. AMD was another key operation target of Wood's fund on Monday, with ARKQ reducing its holdings by 22,919 shares, ARKW reducing its holdings by 16,311 shares, and ARKX reducing its holdings by 2,309 shares, reflecting the fund's continued cautious attitude towards this chip stock. Although AMD is the core target of artificial intelligence and semiconductors that attracts high market attention, Ark's trading behavior shows that the agency believes that there are other more attractive investment opportunities within its innovation investment track.