{"id":81,"date":"2020-10-05T14:21:50","date_gmt":"2020-10-05T14:21:50","guid":{"rendered":"https:\/\/thenextweb.com\/?p=1321617"},"modified":"2020-10-05T14:21:50","modified_gmt":"2020-10-05T14:21:50","slug":"inside-the-2-5b-internet-fund-dominating-the-stock-market","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=81","title":{"rendered":"Inside the $2.5B internet fund dominating the stock market"},"content":{"rendered":"\n

Volatility has rocked stock markets this year in ways not seen since 2008<\/a>. Some sectors, like tourism, find themselves practically in the stone age, but tech stocks are through the roof \u2014<\/span> and Wall Street\u2018s ARK Invest<\/a> are capitalizing in a big way.<\/p>\n

ARK\u2019s \u2018next generation internet\u2019 Exchange Traded Fund (ETF) is now up a pearl-clutching 85% this year while the tech-heavy NASDAQ 100 index returned just 29%.<\/p>\n

Buoyed by solid stock picks like Tesla and Square, ARKW\u2019s portfolio is now valued at $2.45 billion, up from $1.11 billion and 120% more than when Hard Fork first analyzed<\/a> it in June.<\/p>\n

\"ARKW,
<\/i><\/a>ARKW is dominating the NASDAQ 100, widely considered the benchmark for US tech. Chart made with Flourish.<\/figcaption><\/figure>\n

ETF Database ranks ARKW 2020\u2019s best performing<\/a> \u201cactively managed\u201d ETF so far, rivalled only by ARK\u2019s other \u201cthematic\u201d offerings, which take up the next four leaderboard positions.<\/p>\n

Actively managed funds rely on humans to decide on which stock to buy (or sell), and when \u2014<\/span> as opposed to funds that simply track an index like the NASDAQ 100 or the S&P 500.<\/p>\n

Indeed, ARKW has outdone ARK\u2019s \u201cGenomics\u201d portfolio of biotech stocks, its fintech holdings, and even its broader flagship \u201cInnovation\u201d fund ARKK, which speaks volumes to the pandemic\u2019s effect on internet-adjacent equities.<\/p>\n

ARKW no longer features Apple stock<\/h2>\n

Below you\u2019ll find two donut charts. On the left is ARKW\u2019s portfolio as of June 18, and on the right is its holdings on September 30. If they don\u2019t show, try reloading this page in your browser\u2019s \u201cDesktop Mode.\u201d<\/p>\n

At first glance, it\u2019s clear ARKW firmly believes in Tesla<\/a> (still its largest holding), but there\u2019s a few more changes worth noting.<\/p>\n

For one, there\u2019s no more Apple; ARKW held $20.6 million worth of Apple shares in June, and now it has none. Also gone is ecommerce prince Shopify, human capitalists Workday, cloud computers VMWare, Chinese marketplace Pinduoduo, and analytical Alteryx, which together made up more than $46 million (or 4.12%) of the fund\u2019s portfolio.<\/p>\n

[Read: Elon Musk says retail investors will get \u2018top priority\u2019 for Starlink IPO<\/a>]<\/em><\/p>\n

There\u2019s also nine entirely new additions: Taiwan Semiconductors ($27.7M), Nintendo ($27M), Adyen ($26.2M), Unity Software ($25.4M), DocuSign ($24.1M), JD.com ($24.1 million), Intercontinental Exchange ($22.5M), Wix.com ($10.6 million), and Social Capital Hedosophia ($3.8M).<\/p>\n

ARK\u2019s position in those companies is worth $191.4 million, equalling 7.8% of ARKW\u2019s current portfolio. The fund\u2019s new stakes in Nintendo, Adyen, and Unity Software were some of the fund\u2019s biggest plays last quarter.<\/p>\n

Teladoc Health, Slack, and Tesla mean more than ever for ARK<\/h2>\n

After comparing the weight of each holding over the past three months, we see exactly where ARKW is looking next. Use the toggle below to sort portfolio changes by dollar value, weight, or share count.<\/p>\n

ARKW positions that grew the most in terms of portfolio weight are telemedicine play Teladoc Health (1.66%), workflowers Slack (1.4%), and electric lord Tesla (1.23%), followed by China\u2019s Sea (1.18%), Taiwan Semiconductors (1.13%), Nintendo (1.1%), Spotify (1.08%), and Adyen (1.07%).<\/p>\n

The real trick for ARK (as always for Wall Street insiders) is to maintain this growth. Returning 85% over nine months is impressive \u2014 even more-so during global economic chaos.<\/p>\n

Wall Street will surely be watching to see if ARK sticks the landing, no doubt to be riddled with jealously if it does.<\/p>\n

Published October 5, 2020 \u2014 14:21 UTC <\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Volatility has rocked stock markets this year in ways not seen since 2008. Some sectors, like tourism, find themselves practically in the stone age, but tech stocks are through the roof \u2014 and Wall…<\/p>\n","protected":false},"author":1,"featured_media":82,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/81"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/81\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/82"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}