Cathie Wood, head of Ark Investment Management, likes to lock in gains when her tech darlings rally.
That's exactly what she's doing with Snowflake, trimming her position after the cloud software stock surged nearly 10% over the past five trading days ahead of earnings.
In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500's return of 17.88% in the same period. But so far this year, Wood's flagship Ark Innovation ETF (ARKK) is down 8.51% as of July 31, while the S&P 500 surged 9.41%, Yahoo Finance data shows.
Wood gained a reputation after the Ark Innovation ETF delivered a 153% return in 2020. But her style also brings painful losses in bearish markets, as seen in 2022, when the Ark Innovation ETF tumbled more than 60%.
Those swings have weighed on Wood's long-term gains. As of July 31, her Ark Innovation ETF has delivered a five-year annualized return of -9.75%, while the S&P 500 has an annualized return of 11.25% over the same period, according to data from Morningstar.
#wood #july #gains #five
That's exactly what she's doing with Snowflake, trimming her position after the cloud software stock surged nearly 10% over the past five trading days ahead of earnings.
In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500's return of 17.88% in the same period. But so far this year, Wood's flagship Ark Innovation ETF (ARKK) is down 8.51% as of July 31, while the S&P 500 surged 9.41%, Yahoo Finance data shows.
Wood gained a reputation after the Ark Innovation ETF delivered a 153% return in 2020. But her style also brings painful losses in bearish markets, as seen in 2022, when the Ark Innovation ETF tumbled more than 60%.
Those swings have weighed on Wood's long-term gains. As of July 31, her Ark Innovation ETF has delivered a five-year annualized return of -9.75%, while the S&P 500 has an annualized return of 11.25% over the same period, according to data from Morningstar.
#wood #july #gains #five
3 months ago
