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About ARK Investment Management
Overview of ARK Investment Management LLC
ARK Investment Management LLC, commonly referred to as ARK Invest, is an American investment management firm founded by Cathie Wood in 2014. The company is headquartered in St. Petersburg, Florida, and specializes in thematic investing in disruptive innovation. ARK's investment strategy focuses on identifying companies that are poised to transform the global economy through technologies such as artificial intelligence, DNA sequencing, robotics, and blockchain[1][2][3].
Investment Approach
ARK Invest's approach is based on thematic investing, which involves identifying broader macroeconomic themes rather than adhering to traditional benchmarks. This strategy seeks to capture long-term growth across various sectors and geographic boundaries. The company's investment ecosystem combines traditional research with insights from social media and other sources to stay ahead of technological innovations[1][3].
Notable Funds and Holdings
ARK manages several actively managed exchange-traded funds (ETFs), including the Innovation ETF, Genomic Revolution ETF, Next Generation Internet ETF, and Autonomous Technology & Robotics ETF. The company's top holdings include Tesla, Inc., Roku, Inc., Coinbase Global, Inc., Roblox Corporation, and Block, Inc.[3][5].
Partnerships and Milestones
ARK has a long-term partnership with Resolute Investment Managers, which provides distribution services. In 2020, Cathie Wood repurchased an option to maintain control of ARK, while continuing to use Resolute's services[2][3]. In 2023, ARK successfully filed for a spot bitcoin ETF, which began trading in January 2024[3].
Recent Performance
ARK's assets under management peaked at $50 billion in February 2021 but had declined to $6.71 billion by October 2023 due to market volatility and performance challenges[3]. Despite this, ARK remains committed to its strategy of investing in disruptive technologies with a long-term perspective[3].
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