Cathie Wood's ARK Is Buying Biotech

JC Parets
June 10, 2022

Cathie Wood’s infamous ARK Investment Management is on our list today, as it just added more than 1 million shares of biotech stock Twist Bioscience $TWST.

The latest 13G reports an ownership interest of more than 11% in the synthetic DNA specialist.

Durable Capital Partners LP reported a $7.6 million purchase in the mid-cap software company Clearwater Analytics $CWAN.

The firm now owns more than 9.5 million shares, representing a 18.5% ownership interest.

Here’s The Hot List, with data through June 9, 2022:

Director Mary Meeker of Nextdoor Holdings $KIND revealed a purchase of approximately $4.9 million in the social networking app for neighborhoods.

Artisan Partners Limited Partnership filed a 13G revealing a 10.6% ownership stake in Sensata Technologies $ST.

Last but not least, there was bullish options flow in Kraft $KHC and Trip.com $TCOM.

For the second day in a row, the social platform Pinterest $PINS experienced bullish flow.

The only stock that saw bearish flow was PennyMac Mortgage $PMT.

Have a great weekend. We'll be back Monday with more insider action.

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All Star Charts Team

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