ARK Invest added 215,000 BYD shares in March, total holdings now valued at $27.5 Million

Written by Cláudio Afonso |

During March, ARK Invest added nearly 215,000 shares of the Warren Buffett-backed automaker BYD. The fund led by Cathie Wood added on Wednesday another 4,979 shares increasing its holdings up to 481,833 shares, valued at $27,498,209. The company is now the 20th biggest holding out of 39 companies in ARK’s ETF, ARKQ.

Before these buys in March, the last time that the Fund bought shares of BYD was on November 30th, 2021, with 98,964 shares being added at a price per share of around $75.

On Friday, the Fund trimmed its position on Tesla selling 145,977 shares ($147M) and initiated a position on NIO. The Shangai-based company is the 4th Chinese EV maker that ARK invests, after Xpeng and BYD. Via ARQ ETF, Wood added 420,057 shares ($8.36M) of NIO one day after the company reported its Q4 and 2021 Earnings Results. NIO’s share price closed 9.4% lower at $19.9 a share on Friday being down 40.5% year-to-date.

BYD announced last week that it is building its next-generation fleets on the NVIDIA’S DRIVE Hyperion architecture. This platform, based on DRIVE Orin, is now in production, and powering a wide ecosystem of 25 EV makers building software-defined vehicles on high-performance, energy-efficient AI compute. The open DRIVE Hyperion 8 platform allows these companies to individualize this programmable architecture to their needs, leveraging end-to-end solutions to accelerate autonomous driving development.

Written by Cláudio Afonso |