Cathie Wood Cuts Apple Stake Almost Entirely — And Buys More Coinbase – Apple (AAPL), Converted Organics (COIN)

Cathie Wood-led Ark Investment Management on Monday shed nearly all of its stake in Apple Inc (NASDAQ:AAPL) and continued to snap up shares of Coinbase Global Inc (NASDAQ:COIN).

Ark sold 188,455 shares, worth about $23.8 million in Apple. After Monday’s sale, the investment firm now holds a little under 3,000 shares in the Cupertino, California-based company via the ARK Fintech Innovation ETF (NYSE:ARKF). No other Ark ETF has a position in Apple.

Shares of Apple closed 0.93% lower at $126.27 on Monday.

See Also: Cathie Wood Cuts Apple Stake By 30% And Buys Coinbase, DraftKings

The New York-based investment firm snapped up another 259,897 shares, worth about $64.5 million, in the cryptocurrency exchange Coinbase via ARKF, the Ark Innovation ETF (NYSE:ARKK), and the ARK Next Generation Internet ETF (NYSE:ARKW).

Coinbase shares closed 3.92% lower at $248.24 on Monday. The three ETFs together held 3.4 million shares, worth about $878.4 million, ahead of Monday’s trade.

Other Ark Buys On Monday:

• Square Inc (NYSE:SQ)
• Twilio Inc (NYSE:TWLO)
• StoneCo Ltd (NASDAQ:STNE)
• Signify Health Inc (NYSE:SGFY)
• Recursion Pharmaceuticals Inc (NASDAQ:RXRX)
• 908 Devices Inc (NASDAQ:MASS)
• 1life Healthcare Inc (NASDAQ:ONEM)
• Ionis Pharmaceuticals Inc (NASDAQ:IONS)
• Castle Biosciences Inc (NASDAQ:CSTL)
• CM Life Sciences II Inc (NASDAQ:CMII)
• Codexis Inc (NASDAQ:CDXS)
• Accolade Inc (NASDAQ:ACCD)
• Zoom Video Communications Inc (NASDAQ:ZM)
• Twitter Inc (NYSE:TWTR)
• TuSimple Holdings (NASDAQ:TSP)
• Palantir Technologies (NYSE:PLTR)
• Pacific Biosciences of California Inc (NASDAQ:PACB)
• Crispr Therapeutics AG (NASDAQ:CRSP)
• Uipath Inc (NYSE:PATH)
• Niu Technologies (NASDAQ:NIU)
• Atlas Crest Investment Corp (NYSE:ACIC)
• Draftkings Inc (NASDAQ:DKNG)
• Blade Air Mobility Inc (NASDAQ:BLDE)

Other Ark Sells On Monday:

• HubSpot Inc (NYSE:HIBS)
• Guidewire Software Inc (NYSE:GWRE)
• Yeahka Ltd (OTC:YHEKF)
• MarketAxess Holdings Inc (NASDAQ:MKTX)
• Nvdia Corp (NASDAQ:NVDA)
• Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX)
• Thermo Fisher Scientific Inc (NYSE:TMO)
• Pluristem Therapeutics Inc (NASDAQ:PSTI)
• Bristol-Myers Squibb Co (NYSE:BMY)
• Phreesia Inc (NYSE:PHR)
• Organovo Holdings Inc (NASDAQ:ONVO)
• KE Holdings Inc (NYSE:BEKE)
• Baidu Inc (NASDAQ:BIDU)
• Lendingtree Inc (NASDAQ:TREE)
• Synopsys Inc (NASDAQ:SNPS)
• Paccar Inc (NASDAQ:PCAR)
• Novartis AG (NYSE:NVS)
• Galileo Acquisition Corp (NYSE:GLEO)
• Autodesk Inc (NASDAQ:ADSK)
• Agora Inc (NASDAQ:API)
• Workhorse Group Inc (NASDAQ:WKHS)
• Virgin Galactic Holdings Inc (NYSE:SPCE)
• Teledyne Technologies Inc (NYSE:TDY)