Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

«13

Comments

  • edited February 2021
    Good share and poignant quote: "Ark Innovation's stellar total returns attest to its ability to be in the right place at the right time and take advantage of emerging trends. But a closer look at the portfolio reveals plenty of potential risks. In fact, the portfolio's risk level ranks well above average on 10 of the 11 factors in Morningstar's Global Risk Model. And risk for liquidity (the 11th) may not be as low as it appears. Trading volumes can quickly dry up when valuations collapse or market darlings fall out of favor. If the fund experiences large redemptions, it could be difficult to liquidate some of the holdings where it has concentrated ownership. "

    That said - (and I don't own ARK) - is it possible that she was that "lucky"? I mean ... Tesla, Square, CRSP, Roku, Spot etc?
  • edited February 2021
    Hard to say what's luck and what's skill, but I will say almost every investment style comes in and goes out of favor, and a manager good at one style may not be able to adapt to a new investment regime. Today was one of the most interesting days I've seen in the stock market in a long time with small value stocks way up and growth stocks way down. If we enter a new market cycle when value does well, it's hard for me to believe Ark will be able to adapt. But then people have been waiting for value's resurgence for a long time. The difference now is stimulus--good for value stocks-- but possible inflation and interest rate increases down the road, which can be damaging to highly valued growth stocks. Also, regulators and the American people are becoming fed up with tech companies' dominance over every aspect of our lives, and they are the key growth stocks.
  • Yes I noticed that today - luck vs. skill ... even some neg in FSEAX which was interesting. "but I will say almost every investment style comes in and goes out of favor' <-- so true. Logged into Fidelity today and they had a pop up espousing Will Danoff accumen - that he has beat the S&P for many years with a 13% avg. return since inception... need to look at that closer ... but interesting. I sold my remaining FCNTX early last year. If it's finally Value stocks time... I mean - I'm open to that but as Tom Jones would say -
  • 1) There were a lot of could's, possibly's and potential's in this analysis.
    2) ARKK holds less tech stocks than the S&P 500
    3) There is little doubt that the fund and possibly the fund manager are riding a wave. What will happen next is all speculation and guess work.
    4) Weren't growth stocks supposed to be toast 1-2-3-4-5-6-7-8 (and maybe more) years running? Maybe this will be the year.
  • Better check your portfolio to ensure it doesn't hold any of the moonshot stocks. Per barron's ark funds hold over 26 stocks with more than 10% of the float. What happens when the sell off happens?

    How come the genius portfolio manager didn't close these funds before they got so large? How does that work with ETFs?

    Potential dumpster fire with these funds. So like the kaka funds in the late 90s. I'm up over hondo percent, smoking cigars, drinking high end tequila and riding around in limo's...oh....now I've lost over 2\3rds the monies I started with....sheet.

    This ain't investing, it's gambling...

    Good luck to all,

    Baseball Fan
  • ARKK is not for investors, it is a pure momentum play. Investor will identify a good stock with potential to put money in. Gambler will have to know when to get in and get out. I started getting into ADNPX managed by Cathie woods 8 months ago, made handsome of money. Eventually getting out and completely out yesterday. Tried to be investor with this fund but couldn't make it. I suspect this ARKK thing has lost momentum will be out of fashion for sometime. Will see. Lately, financial sector is in trend. ARKF (fintech ETF) peaked on 2/16/21 at 64.49, future as is of this moment 57.11)
  • This thread was timely. In the news today...

    Negative:
    Marketwatch: "A tangled market web of Tesla-bitcoin-ARK Investment could spell trouble for investors, warns strategist" https://www.marketwatch.com/story/a-tangled-market-web-of-tesla-bitcoin-ark-investment-could-spell-trouble-for-investors-warns-strategist-11614081538

    Positive:
    Investors Business Daily: https://www.investors.com/etfs-and-funds/sectors/cathie-wood-ark-schools-warren-buffett-top-stocks/
  • From above LB says, ". Today was one of the most interesting days I've seen in the stock market in a long time with small value stocks way up and growth stocks way down. "

    It will be interesting to see what value does today as early selling across the board seems to be occurring.

    Stay safe, Derf
  • @Derf: it does seem to be playing out today as well. My SV fund, CSB, is up while small growth is hurting.
  • beebee
    edited February 2021
  • bee said:
    When the panic stops, I would say yes. I actually added a little ARKW yesterday after things bounced. I figured a bounce after a huge drop such as we had early was a good sign. Continued selling throughout the day would have suggested otherwise, of course.

    I'm not sure that the long-awaited rotation is FINALLY occurring; nor am I sure that tech is 'toast'.
  • Right or wrong I did the same with K&G.
  • Quiet day, mostly; looks as if ARKG was trying to climb back between the Bollinger Bands. The others seem to be looking for a direction rather than trending.
  • The market ear article today states folks including maybe arkk are selling the quote good stocks in order to quote save the lousy stocks meaning dumpster fire, over priced, moonshot gambling chip stocks as held by kathie wood's etf's

    She might crater the Nasdaq which might lead to a great buying opportunity


    Who knows, get your popcorn ready and enjoy the show

    Best,

    Baseball Fan
  • And what article would that be and what is the basis of proof? The ARK funds trading records are available on a daily basis for those who would like to see them.
  • edited March 2021
    This list is today closing info, March 3. The list is generally available about 6:30pm, EST. The last two numbers in each line are numbers of shares buy/sell and % of that particular holding within the ETF.
    1 ARKF 03/3/2021 Buy KSPILI 48581R205 KASPI.KZ JSC 2,651 0.0042
    2 ARKG 03/3/2021 Buy VEEV 922475108 VEEVA SYSTEMS INC 75,900 0.2060
    3 ARKG 03/3/2021 Buy TXG 88025U109 10X GENOMICS INC 49,218 0.0839
    4 ARKG 03/3/2021 Buy SRPT 803607100 SAREPTA THERAPEUTICS INC 87,700 0.0762
    5 ARKG 03/3/2021 Buy RPTX 760273102 REPARE THERAPEUTICS INC 16,969 0.0053
    6 ARKG 03/3/2021 Buy ONEM 68269G107 1LIFE HEALTHCARE INC 169,564 0.0750
    7 ARKG 03/3/2021 Buy MASS 65443P102 908 DEVICES INC 126,362 0.0635
    8 ARKG 03/3/2021 Buy BFLY 124155102 BUTTERFLY NETWORK INC 390,584 0.0650
    9 ARKG 03/3/2021 Buy CMLF 18978W109 CM LIFE SCIENCES INC 332,617 0.0604
    10 ARKG 03/3/2021 Buy CDXS 192005106 CODEXIS INC 16,991 0.0035
    11 ARKG 03/3/2021 Buy ACCD 00437E102 ACCOLADE INC 93,700 0.0411
    12 ARKG 03/3/2021 Buy ADPT 00650F109 ADAPTIVE BIOTECHNOLOGIES CORP 244,014 0.1219
    13 ARKG 03/3/2021 Sell GOOGL 02079K305 ALPHABET INC 10,400 0.2056
    14 ARKG 03/3/2021 Sell BMY 110122108 BRISTOL-MYERS SQUIBB CO 198,865 0.1171
    15 ARKG 03/3/2021 Sell RHHBY 771195104 ROCHE HOLDING AG 515,538 0.2047
    16 ARKG 03/3/2021 Sell PSTI 72940R300 PLURISTEM THERAPEUTICS INC 120 0.0000
    17 ARKK 03/3/2021 Buy TDOC 87918A105 TELADOC HEALTH INC 226,209 0.2047
    18 ARKK 03/3/2021 Buy FATE 31189P102 FATE THERAPEUTICS INC 148,508 0.0577
    19 ARKK 03/3/2021 Buy EXAS 30063P105 EXACT SCIENCES CORP 62,847 0.0362
    20 ARKK 03/3/2021 Buy BLI 084310101 BERKELEY LIGHTS INC 305,000 0.0795
    21 ARKK 03/3/2021 Buy U 91332U101 UNITY SOFTWARE INC 142,314 0.0627
    22 ARKK 03/3/2021 Buy ZM 98980L101 ZOOM VIDEO COMMUNICATIONS INC 134,399 0.2091
    23 ARKK 03/3/2021 Buy BEAM 07373V105 BEAM THERAPEUTICS INC 327,030 0.1233
    24 ARKK 03/3/2021 Buy PLTR 69608A108 PALANTIR TECHNOLOGIES INC 1,988,500 0.2099
    25 ARKK 03/3/2021 Sell TSM 874039100 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 532,806 0.2872
    26 ARKK 03/3/2021 Sell TCEHY 88032Q109 TENCENT HOLDINGS LTD 273,293 0.1073
    27 ARKK 03/3/2021 Sell NTDOY 654445303 NINTENDO CO LTD 59,162 0.0188
    28 ARKK 03/3/2021 Sell ICE 45866F104 INTERCONTINENTAL EXCHANGE INC 97,749 0.0477
    29 ARKK 03/3/2021 Sell BIDU 056752108 BAIDU INC 267,378 0.3393
    30 ARKK 03/3/2021 Sell BEKE 482497104 KE HOLDINGS INC 8,847 0.0024
    31 ARKQ 03/3/2021 Buy U 91332U101 UNITY SOFTWARE INC 173,600 0.5114
    32 ARKQ 03/3/2021 Buy EXPC 30217C109 EXPERIENCE INVESTMENT CORP 84,800 0.0339
    33 ARKQ 03/3/2021 Buy ESLT M3760D101 ELBIT SYSTEMS LTD 2,740 0.0103
    34 ARKQ 03/3/2021 Buy AONE G7000X105 ONE 554,800 0.1957
    35 ARKQ 03/3/2021 Sell DE 244199105 DEERE & CO 31,474 0.3083
    36 ARKQ 03/3/2021 Sell FLIR 302445101 FLIR SYSTEMS INC 160,593 0.2446
    37 ARKW 03/3/2021 Buy U 91332U101 UNITY SOFTWARE INC 189,900 0.2534
    38 ARKW 03/3/2021 Buy TSLA 88160R101 TESLA INC 23,320 0.1986
    39 ARKW 03/3/2021 Buy TDOC 87918A105 TELADOC HEALTH INC 78,940 0.2095
    40 ARKW 03/3/2021 Buy PLTR 69608A108 PALANTIR TECHNOLOGIES INC 670,300 0.2079
    41 ARKW 03/3/2021 Buy ZM 98980L101 ZOOM VIDEO COMMUNICATIONS INC 89,672 0.4010
    42 ARKW 03/3/2021 Sell NVDA 67066G104 NVIDIA CORP 85,856 0.5689
    43 ARKW 03/3/2021 Sell TSM 874039100 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 316,428 0.5008
    44 ARKW 03/3/2021 Sell API 00851L103 AGORA INC 113,066 0.0900


  • Jeez, talk about doing prop trading from within an ETF wrapper.

    On the upside, kudos for transparency, I guess.
  • @Lewis Braham

    "Also, regulators and the American people are becoming fed up with tech companies' dominance over every aspect of our lives, and they are the key growth stocks."

    Agree, +1

    Any idea when the American folks will wake the F up and realize this?

    Baseball Fan
  • Yes! Big tech is the problem with this country. Once we do WHAT?????, everything will be peachy again.
  • @Mark, apologies can't tell if you meant sarcasm??

    Hey, don't we all think that unelected officials, he Zuck and West Coast Moses (the Twitter guy) and all the wonderful folks at Google should tell us how we should think and act.

    They are so righteous and just. Stealing our personal info and feeding us brainwashing commentary. Really a form of mind control. Geniuses all of them.

    Not.

    Anyhoo, it appears that Cathie is getting her arse handed to her. We'll see if the drubbing continues in her ETFs. Folks might end up losing way more money in her dumpster fire than the fraud (allegedly) in IQDAX. I'm thinking that is the way it's going to play out. My larger concern is that in the escape from her funds is that the Nasdaq gets pulled down biggly in all the excitement. Again, might be solid buying opportunity.

    As an observer of human nature, I wonder if she will come on Cramer and keep her narrative going, max out the hubris, buying the dip in her "disruptive" companies...you think so?


    Baseball Fan
  • Yes! Big tech is the problem with this country. Once we do WHAT?????, everything will be peachy again.
    it appears that Cathie is getting her arse handed to her.
    You guys are funny. The inflow and outflow of ARK products is mind boggling. I am not invested in any of them. Watching them is entertaining enough.
  • Sven - my thoughts with respect to the ARK funds is to know what you own. I think that Ms. Woods is on the right thinking track but I advocate neither for or against ownership by the masses. It's an equity like any other out there. To each their own and as has been mentioned I appreciate the total openness of management. They're not trying to fool anyone however there quite well may be plenty of fools buying in in hopes of instant gratification.

    My comment you quoted has more to do with those who like to spill the blame for the world's problems on anyone or anything outside of themselves. No one is twisting anyone's arm to have a Facebook or Twitter account. Think for yourself. Shut them off. Don't use them. To me it's that simple. The opinions of their owners/CEO get no more weight from me than I give to any other individual. Frankly I can't stand Zuckerberg and I know absolutely nothing about Twitter or it's exec's.
  • "Think for yourself. Shut them off. Don't use them. To me it's that simple."

    Never have, never will, even refuse to use Google- use DuckDuckGo instead.

    "The opinions of their owners/CEO get no more weight from me than I give to any other individual. Frankly I can't stand Zuckerberg and I know absolutely nothing about Twitter or it's exec's."

    Exactamente!
  • edited March 2021
    Barron’s Article: https://www.barrons.com/articles/arks-cathie-wood-disrupted-investment-management-shes-not-done-yet-51614992508 (may be paywalled - I accessed it through Apple News without a sub)

    One cautionary tidbit: her mentor at USC was Arthur Laffer of laughable Laffer Curve fame.
  • boy, that mentorship, plus her thoughts about the former guy and biden wrt growth and innovation and the economy, just stops me cold
  • I had no trouble accessing the link as posted. I thought it was quite informative given the tsunami of negative articles on her recently.

    She had a mentor. so what!? Many professionals have a mentor pulling or moving them up the corporate ladder. That doesn't mean the individual being mentored shares all of the mentors thoughts and beliefs. Shallow thinking much?

    I also saw no mention of Biden in the article so I'm clueless about what @davidrmoran was referring to.

    Such things often leave me wondering if folks just feel threatened by an intelligent, educated, and successful female so lets nitpick stupid stuff. Frankly I don't think the game is over yet.
  • edited March 2021
    Thanks for sharing the podcast. I thought it was a very fair and balanced interview. Plus Kennedy and Reagan and minus Nixon and Carter. I’m intrigued by Cathie. I don’t own any of her ETFs but am interested in researching them further like I am with Eventide funds.
Sign In or Register to comment.