ETFs
Stocks owned by ARK Invest’s flagship innovation fund posted huge losses. Here are the fund’s 10 biggest losers.
Photo by Marco Bello/Getty Images
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Ark Invest’s flagship ETF is suffering massive losses, with individual stocks down as much as 93%.
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The fund has significantly underperformed the stock market as a whole, and only one of its top 10 holdings is in the green.
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These are the 10 worst losing stocks held by the ARK Innovation ETF.
It was a difficult time for Cathie Wood and her ETF suite ARK Invest.
Arch Invest Flagship Innovation ETF, which trades under the symbol “ARKK”, has seen massive losses since its peak in February 2021.
The ARKK ETF is down 72% since its peak on February 19, 2021. During the same period, the Nasdaq 100, its main benchmark, has climbed 39% and reached record highs. Year to date, the ARKK ETF is down 15% while the Nasdaq 100 is up 12%.
And the losses continue to pile up for ARKK, which manages $6.3 billion, down from its peak of around $28 billion in assets under management.
According to data from Cathie’s Ark, a website that tracks daily ETF trading from ARK Invest, only one of ARKK’s top 10 holdings – Tesla – has been in the green since its addition to the portfolio. And out of the 35 stocks held in the portfolio, only seven stocks are positive.
Here are the 10 biggest losers held in the ARKK ETF, according to data from Cathie’s Ark.
10. Intellia Therapeutics
Market insider
ARKK Average Cost Basis: $62.04
Current price: $24.67
% Change: -59.9%
9. UiPath
PATH
Market insider
ARKK Average Cost Basis: $62.44
Current price: $18.98
% Change: -69.5%
8. Roku
ROKU
Market insider
ARKK Average Cost Basis: $243.88
Current price: $56.67
% Change: -77.0%
7. Video Zoom
Zoom
Market insider
ARKK Average Cost Basis: $278.55
Current price: $63.12
% Change: -77.6%
6. Therapeutic Verve
VERV
Market insider
ARKK Average Cost Basis: $28.17
Current price: $5.25
% Change: -81.0%
5. Unitary Technologies
Unit
Market insider
ARKK Average Cost Basis: $104.43
Current price: $19.37
% Change: -81.2%
4. 10x Genomics
XXL
Market insider
ARKK Average Cost Basis: $153.19
Current price: $22.67
% Change: -85.0%
3. Pacific Biosciences
PACB
Market insider
ARKK Average Cost Basis: $19.84
Current price: $1.88
% Change: -90.2%
2. Teladoc Health
TDOC
Market insider
ARKK Average Cost Basis: $163.91
Current price: $11.43
% Change: -93.0%
1. Ginkgo Organic Works
DNA
Market insider
ARKK Average Cost Basis: $9.99
Current price: $0.66
% Change: -93.4%
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