Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share_老虎社区_美港股上老虎

Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share

Bloomberg2021-11-18

ARKK cuts stake in real estate firm to fewer than 1,000 shares Wood had initially bought dip in embattled property company The scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s Flagship Fund Dumps Almost Every Zillow Share\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"Z","symbol_name":"Zillow","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp","article_id":"1186453763","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1186453763","pubTimestamp":1637241787,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in emba","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"Z":"Zillow","ZG":"Zillow Class A"},"translate_title":"凯西·伍德的旗舰基金几乎抛售了每一只Zillow股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z":0.9,"ZG":0.9},"content_text":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is now clear, two weeks after she bought an initial dip in the beleaguered real estate company.\nThe ARK Innovation exchange-traded fund (tickerARKK), Wood’s main product, held fewer than 1,000 shares of Zillow at the close on Wednesday worth just $50,000, according to data compiled by Bloomberg. Earlier this month it owned 7.1 million valued at well over $600 million.\nIt’s a similar story for the ARK Next Generation Internet ETF (ARKW), which is down to about 11,200 shares of the Seattle-based property firm from about 1.4 million earlier this year.\nThe rapid unwind underscores how fast the view of Wood and her firm, Ark Investment Management, has changed regarding Zillow. The famed money manager is usually known for sticking with her bets through thick and thin.\nThe only other fund holding Zillow is the ARK Fintech Innovation ETF (ARKF), which has around 1.4 million shares -- down from more than 2 million.\nARKK holdings of Zillow. Source: Bloomberg.Source: Bloomberg\nShares of Zillow have fallen about 40% in November after the company announced plans to shut down Zillow Offers, its AI-powered home-flipping operation, and reduce its workforce by roughly 25%. Wood initially bought the 10% drop that greeted the announcement before a dramatic u-turn.\n“In ARK’s view, this news is the result of execution issues associated with Zillow’s AI pricing algorithms despite its access to ample data, calling into question the high balance sheet risk necessary to enable the scaling of iBuying business models,” Ark said later that week in its regular commentary on its biggest moving shares.\nA spokesperson for the firm didn’t respond to a request for comment regarding its reduced stake in the company.\nAfter a stellar 2020, Ark’s performance this year has been more mixed. The flagship fund ARKK has lost about 6.2%, while ARKW has returned 5.5% and ARKF is up 4%.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":876043673,"gmtCreate":1637246643663,"gmtModify":1637246643663,"author":{"id":"4095064899384030","authorId":"4095064899384030","name":"Sydney1","avatar":"https://static.tigerbbs.com/8e1b09b0e83ffac7d9336038c06b6a91","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4095064899384030","authorIdStr":"4095064899384030"},"htmlText":"Done&nbsp;","listText":"Done&nbsp;","text":"Done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876043673","repostId":1186453763,"repostType":4,"repost":{"id":"1186453763","kind":"news","pubTimestamp":1637241787,"share":"https://www.laohu8.com/m/news/1186453763?lang=&edition=full","pubTime":"2021-11-18 21:23","market":"us","language":"en","title":"Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share","url":"https://stock-news.laohu8.com/highlight/detail?id=1186453763","media":"Bloomberg","summary":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in emba","content":"<ul>\n <li>ARKK cuts stake in real estate firm to fewer than 1,000 shares</li>\n <li>Wood had initially bought dip in embattled property company</li>\n</ul>\n<p>The scale of Cathie Wood’s dramatic cull of her big stake in&nbsp;Zillow Group&nbsp;is now clear, two weeks after she&nbsp;bought an initial dip&nbsp;in the beleaguered real estate company.</p>\n<p>The ARK Innovation exchange-traded fund (tickerARKK), Wood’s main product, held fewer than 1,000 shares of Zillow at the close on Wednesday worth just $50,000, according to data compiled by Bloomberg. Earlier this month it owned 7.1 million valued at well over $600 million.</p>\n<p>It’s a similar story for the ARK Next Generation Internet ETF (ARKW), which is down to about 11,200 shares of the Seattle-based property firm from about 1.4 million earlier this year.</p>\n<p>The rapid unwind underscores how fast the view of Wood and her firm, Ark Investment Management, has changed regarding Zillow. The famed money manager is usually known for sticking with her bets through thick and thin.</p>\n<p>The only other fund holding Zillow is the ARK Fintech Innovation ETF (ARKF), which has around 1.4 million shares -- down from more than 2 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdf6f9595cd16bef352998ec7c41ede2\" tg-width=\"740\" tg-height=\"343\" width=\"100%\" height=\"auto\"><span>ARKK holdings of Zillow. Source: Bloomberg.Source: Bloomberg</span></p>\n<p>Shares of Zillow have fallen about 40% in November after the company announced plans to shut down Zillow Offers, its AI-powered home-flipping operation, and reduce its workforce by roughly 25%. Wood initially bought the 10% drop that greeted the announcement before a&nbsp;dramatic u-turn.</p>\n<p>“In ARK’s view, this news is the result of execution issues associated with Zillow’s AI pricing algorithms despite its access to ample data, calling into question the high balance sheet risk necessary to enable the scaling of iBuying business models,” Ark said later that week in its regular commentary on its biggest moving shares.</p>\n<p>A spokesperson for the firm didn’t respond to a request for comment regarding its reduced stake in the company.</p>\n<p>After a stellar 2020, Ark’s performance this year has been more mixed. The flagship fund ARKK has lost about 6.2%, while ARKW has returned 5.5% and ARKF is up 4%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s Flagship Fund Dumps Almost Every Zillow Share\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZG":"Zillow Class A","Z":"Zillow"},"source_url":"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186453763","content_text":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is now clear, two weeks after she bought an initial dip in the beleaguered real estate company.\nThe ARK Innovation exchange-traded fund (tickerARKK), Wood’s main product, held fewer than 1,000 shares of Zillow at the close on Wednesday worth just $50,000, according to data compiled by Bloomberg. Earlier this month it owned 7.1 million valued at well over $600 million.\nIt’s a similar story for the ARK Next Generation Internet ETF (ARKW), which is down to about 11,200 shares of the Seattle-based property firm from about 1.4 million earlier this year.\nThe rapid unwind underscores how fast the view of Wood and her firm, Ark Investment Management, has changed regarding Zillow. The famed money manager is usually known for sticking with her bets through thick and thin.\nThe only other fund holding Zillow is the ARK Fintech Innovation ETF (ARKF), which has around 1.4 million shares -- down from more than 2 million.\nARKK holdings of Zillow. Source: Bloomberg.Source: Bloomberg\nShares of Zillow have fallen about 40% in November after the company announced plans to shut down Zillow Offers, its AI-powered home-flipping operation, and reduce its workforce by roughly 25%. Wood initially bought the 10% drop that greeted the announcement before a dramatic u-turn.\n“In ARK’s view, this news is the result of execution issues associated with Zillow’s AI pricing algorithms despite its access to ample data, calling into question the high balance sheet risk necessary to enable the scaling of iBuying business models,” Ark said later that week in its regular commentary on its biggest moving shares.\nA spokesperson for the firm didn’t respond to a request for comment regarding its reduced stake in the company.\nAfter a stellar 2020, Ark’s performance this year has been more mixed. The flagship fund ARKK has lost about 6.2%, while ARKW has returned 5.5% and ARKF is up 4%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":876084717,"gmtCreate":1637244909264,"gmtModify":1637244909264,"author":{"id":"3558522467635758","authorId":"3558522467635758","name":"investforget","avatar":"https://static.tigerbbs.com/465a618fe838870d5e7ed6cfa1964da8","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3558522467635758","authorIdStr":"3558522467635758"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876084717","repostId":1186453763,"repostType":4,"repost":{"id":"1186453763","kind":"news","pubTimestamp":1637241787,"share":"https://www.laohu8.com/m/news/1186453763?lang=&edition=full","pubTime":"2021-11-18 21:23","market":"us","language":"en","title":"Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share","url":"https://stock-news.laohu8.com/highlight/detail?id=1186453763","media":"Bloomberg","summary":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in emba","content":"<ul>\n <li>ARKK cuts stake in real estate firm to fewer than 1,000 shares</li>\n <li>Wood had initially bought dip in embattled property company</li>\n</ul>\n<p>The scale of Cathie Wood’s dramatic cull of her big stake in&nbsp;Zillow Group&nbsp;is now clear, two weeks after she&nbsp;bought an initial dip&nbsp;in the beleaguered real estate company.</p>\n<p>The ARK Innovation exchange-traded fund (tickerARKK), Wood’s main product, held fewer than 1,000 shares of Zillow at the close on Wednesday worth just $50,000, according to data compiled by Bloomberg. Earlier this month it owned 7.1 million valued at well over $600 million.</p>\n<p>It’s a similar story for the ARK Next Generation Internet ETF (ARKW), which is down to about 11,200 shares of the Seattle-based property firm from about 1.4 million earlier this year.</p>\n<p>The rapid unwind underscores how fast the view of Wood and her firm, Ark Investment Management, has changed regarding Zillow. The famed money manager is usually known for sticking with her bets through thick and thin.</p>\n<p>The only other fund holding Zillow is the ARK Fintech Innovation ETF (ARKF), which has around 1.4 million shares -- down from more than 2 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdf6f9595cd16bef352998ec7c41ede2\" tg-width=\"740\" tg-height=\"343\" width=\"100%\" height=\"auto\"><span>ARKK holdings of Zillow. Source: Bloomberg.Source: Bloomberg</span></p>\n<p>Shares of Zillow have fallen about 40% in November after the company announced plans to shut down Zillow Offers, its AI-powered home-flipping operation, and reduce its workforce by roughly 25%. Wood initially bought the 10% drop that greeted the announcement before a&nbsp;dramatic u-turn.</p>\n<p>“In ARK’s view, this news is the result of execution issues associated with Zillow’s AI pricing algorithms despite its access to ample data, calling into question the high balance sheet risk necessary to enable the scaling of iBuying business models,” Ark said later that week in its regular commentary on its biggest moving shares.</p>\n<p>A spokesperson for the firm didn’t respond to a request for comment regarding its reduced stake in the company.</p>\n<p>After a stellar 2020, Ark’s performance this year has been more mixed. The flagship fund ARKK has lost about 6.2%, while ARKW has returned 5.5% and ARKF is up 4%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s Flagship Fund Dumps Almost Every Zillow Share\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZG":"Zillow Class A","Z":"Zillow"},"source_url":"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186453763","content_text":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is now clear, two weeks after she bought an initial dip in the beleaguered real estate company.\nThe ARK Innovation exchange-traded fund (tickerARKK), Wood’s main product, held fewer than 1,000 shares of Zillow at the close on Wednesday worth just $50,000, according to data compiled by Bloomberg. Earlier this month it owned 7.1 million valued at well over $600 million.\nIt’s a similar story for the ARK Next Generation Internet ETF (ARKW), which is down to about 11,200 shares of the Seattle-based property firm from about 1.4 million earlier this year.\nThe rapid unwind underscores how fast the view of Wood and her firm, Ark Investment Management, has changed regarding Zillow. The famed money manager is usually known for sticking with her bets through thick and thin.\nThe only other fund holding Zillow is the ARK Fintech Innovation ETF (ARKF), which has around 1.4 million shares -- down from more than 2 million.\nARKK holdings of Zillow. Source: Bloomberg.Source: Bloomberg\nShares of Zillow have fallen about 40% in November after the company announced plans to shut down Zillow Offers, its AI-powered home-flipping operation, and reduce its workforce by roughly 25%. Wood initially bought the 10% drop that greeted the announcement before a dramatic u-turn.\n“In ARK’s view, this news is the result of execution issues associated with Zillow’s AI pricing algorithms despite its access to ample data, calling into question the high balance sheet risk necessary to enable the scaling of iBuying business models,” Ark said later that week in its regular commentary on its biggest moving shares.\nA spokesperson for the firm didn’t respond to a request for comment regarding its reduced stake in the company.\nAfter a stellar 2020, Ark’s performance this year has been more mixed. The flagship fund ARKK has lost about 6.2%, while ARKW has returned 5.5% and ARKF is up 4%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":876035825,"gmtCreate":1637242831690,"gmtModify":1637242831806,"author":{"id":"3571654919705737","authorId":"3571654919705737","name":"JoHo","avatar":"https://static.tigerbbs.com/f6abe4a1fabaa50223737e93c50ec182","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3571654919705737","authorIdStr":"3571654919705737"},"htmlText":"Please like and comment. Thanks a lot!","listText":"Please like and comment. Thanks a lot!","text":"Please like and comment. Thanks a lot!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/876035825","repostId":1186453763,"repostType":4,"repost":{"id":"1186453763","kind":"news","pubTimestamp":1637241787,"share":"https://www.laohu8.com/m/news/1186453763?lang=&edition=full","pubTime":"2021-11-18 21:23","market":"us","language":"en","title":"Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share","url":"https://stock-news.laohu8.com/highlight/detail?id=1186453763","media":"Bloomberg","summary":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in emba","content":"<ul>\n <li>ARKK cuts stake in real estate firm to fewer than 1,000 shares</li>\n <li>Wood had initially bought dip in embattled property company</li>\n</ul>\n<p>The scale of Cathie Wood’s dramatic cull of her big stake in&nbsp;Zillow Group&nbsp;is now clear, two weeks after she&nbsp;bought an initial dip&nbsp;in the beleaguered real estate company.</p>\n<p>The ARK Innovation exchange-traded fund (tickerARKK), Wood’s main product, held fewer than 1,000 shares of Zillow at the close on Wednesday worth just $50,000, according to data compiled by Bloomberg. Earlier this month it owned 7.1 million valued at well over $600 million.</p>\n<p>It’s a similar story for the ARK Next Generation Internet ETF (ARKW), which is down to about 11,200 shares of the Seattle-based property firm from about 1.4 million earlier this year.</p>\n<p>The rapid unwind underscores how fast the view of Wood and her firm, Ark Investment Management, has changed regarding Zillow. The famed money manager is usually known for sticking with her bets through thick and thin.</p>\n<p>The only other fund holding Zillow is the ARK Fintech Innovation ETF (ARKF), which has around 1.4 million shares -- down from more than 2 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdf6f9595cd16bef352998ec7c41ede2\" tg-width=\"740\" tg-height=\"343\" width=\"100%\" height=\"auto\"><span>ARKK holdings of Zillow. Source: Bloomberg.Source: Bloomberg</span></p>\n<p>Shares of Zillow have fallen about 40% in November after the company announced plans to shut down Zillow Offers, its AI-powered home-flipping operation, and reduce its workforce by roughly 25%. Wood initially bought the 10% drop that greeted the announcement before a&nbsp;dramatic u-turn.</p>\n<p>“In ARK’s view, this news is the result of execution issues associated with Zillow’s AI pricing algorithms despite its access to ample data, calling into question the high balance sheet risk necessary to enable the scaling of iBuying business models,” Ark said later that week in its regular commentary on its biggest moving shares.</p>\n<p>A spokesperson for the firm didn’t respond to a request for comment regarding its reduced stake in the company.</p>\n<p>After a stellar 2020, Ark’s performance this year has been more mixed. The flagship fund ARKK has lost about 6.2%, while ARKW has returned 5.5% and ARKF is up 4%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s Flagship Fund Dumps Almost Every Zillow Share\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZG":"Zillow Class A","Z":"Zillow"},"source_url":"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186453763","content_text":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is now clear, two weeks after she bought an initial dip in the beleaguered real estate company.\nThe ARK Innovation exchange-traded fund (tickerARKK), Wood’s main product, held fewer than 1,000 shares of Zillow at the close on Wednesday worth just $50,000, according to data compiled by Bloomberg. Earlier this month it owned 7.1 million valued at well over $600 million.\nIt’s a similar story for the ARK Next Generation Internet ETF (ARKW), which is down to about 11,200 shares of the Seattle-based property firm from about 1.4 million earlier this year.\nThe rapid unwind underscores how fast the view of Wood and her firm, Ark Investment Management, has changed regarding Zillow. The famed money manager is usually known for sticking with her bets through thick and thin.\nThe only other fund holding Zillow is the ARK Fintech Innovation ETF (ARKF), which has around 1.4 million shares -- down from more than 2 million.\nARKK holdings of Zillow. Source: Bloomberg.Source: Bloomberg\nShares of Zillow have fallen about 40% in November after the company announced plans to shut down Zillow Offers, its AI-powered home-flipping operation, and reduce its workforce by roughly 25%. Wood initially bought the 10% drop that greeted the announcement before a dramatic u-turn.\n“In ARK’s view, this news is the result of execution issues associated with Zillow’s AI pricing algorithms despite its access to ample data, calling into question the high balance sheet risk necessary to enable the scaling of iBuying business models,” Ark said later that week in its regular commentary on its biggest moving shares.\nA spokesperson for the firm didn’t respond to a request for comment regarding its reduced stake in the company.\nAfter a stellar 2020, Ark’s performance this year has been more mixed. The flagship fund ARKK has lost about 6.2%, while ARKW has returned 5.5% and ARKF is up 4%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6630953,"gmtCreate":1637246381709,"gmtModify":1637246381737,"authorId":3581833173571708,"author":{"id":3581833173571708,"idStr":"3581833173571708","authorId":3581833173571708,"name":"jack_paing","avatar":"https://static.tigerbbs.com/3eb267d3238b5dcb9bfb6ceb846015c7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":876035825,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":6630327,"gmtCreate":1637243553404,"gmtModify":1637243553436,"authorId":3572347422376891,"author":{"id":3572347422376891,"idStr":"3572347422376891","authorId":3572347422376891,"name":"SeeHong","avatar":"https://static.tigerbbs.com/6ba7451e0628a5a97b52d2ec3aa42caf","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":876035825,"type":1,"supId":0,"prevId":0,"content":"<u>here</u>","text":"<u>here</u>","html":"<u>here</u>"}],"langContent":"CN"},{"id":876039711,"gmtCreate":1637242359114,"gmtModify":1637242359324,"author":{"id":"3584779133668268","authorId":"3584779133668268","name":"NPC69","avatar":"https://static.tigerbbs.com/47e7ac55312ae8dd1c9e7cb92adad089","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3584779133668268","authorIdStr":"3584779133668268"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876039711","repostId":1186453763,"repostType":4,"repost":{"id":"1186453763","kind":"news","pubTimestamp":1637241787,"share":"https://www.laohu8.com/m/news/1186453763?lang=&edition=full","pubTime":"2021-11-18 21:23","market":"us","language":"en","title":"Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share","url":"https://stock-news.laohu8.com/highlight/detail?id=1186453763","media":"Bloomberg","summary":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in emba","content":"<ul>\n <li>ARKK cuts stake in real estate firm to fewer than 1,000 shares</li>\n <li>Wood had initially bought dip in embattled property company</li>\n</ul>\n<p>The scale of Cathie Wood’s dramatic cull of her big stake in&nbsp;Zillow Group&nbsp;is now clear, two weeks after she&nbsp;bought an initial dip&nbsp;in the beleaguered real estate company.</p>\n<p>The ARK Innovation exchange-traded fund (tickerARKK), Wood’s main product, held fewer than 1,000 shares of Zillow at the close on Wednesday worth just $50,000, according to data compiled by Bloomberg. Earlier this month it owned 7.1 million valued at well over $600 million.</p>\n<p>It’s a similar story for the ARK Next Generation Internet ETF (ARKW), which is down to about 11,200 shares of the Seattle-based property firm from about 1.4 million earlier this year.</p>\n<p>The rapid unwind underscores how fast the view of Wood and her firm, Ark Investment Management, has changed regarding Zillow. The famed money manager is usually known for sticking with her bets through thick and thin.</p>\n<p>The only other fund holding Zillow is the ARK Fintech Innovation ETF (ARKF), which has around 1.4 million shares -- down from more than 2 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdf6f9595cd16bef352998ec7c41ede2\" tg-width=\"740\" tg-height=\"343\" width=\"100%\" height=\"auto\"><span>ARKK holdings of Zillow. Source: Bloomberg.Source: Bloomberg</span></p>\n<p>Shares of Zillow have fallen about 40% in November after the company announced plans to shut down Zillow Offers, its AI-powered home-flipping operation, and reduce its workforce by roughly 25%. Wood initially bought the 10% drop that greeted the announcement before a&nbsp;dramatic u-turn.</p>\n<p>“In ARK’s view, this news is the result of execution issues associated with Zillow’s AI pricing algorithms despite its access to ample data, calling into question the high balance sheet risk necessary to enable the scaling of iBuying business models,” Ark said later that week in its regular commentary on its biggest moving shares.</p>\n<p>A spokesperson for the firm didn’t respond to a request for comment regarding its reduced stake in the company.</p>\n<p>After a stellar 2020, Ark’s performance this year has been more mixed. The flagship fund ARKK has lost about 6.2%, while ARKW has returned 5.5% and ARKF is up 4%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s Flagship Fund Dumps Almost Every Zillow Share\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZG":"Zillow Class A","Z":"Zillow"},"source_url":"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186453763","content_text":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is now clear, two weeks after she bought an initial dip in the beleaguered real estate company.\nThe ARK Innovation exchange-traded fund (tickerARKK), Wood’s main product, held fewer than 1,000 shares of Zillow at the close on Wednesday worth just $50,000, according to data compiled by Bloomberg. Earlier this month it owned 7.1 million valued at well over $600 million.\nIt’s a similar story for the ARK Next Generation Internet ETF (ARKW), which is down to about 11,200 shares of the Seattle-based property firm from about 1.4 million earlier this year.\nThe rapid unwind underscores how fast the view of Wood and her firm, Ark Investment Management, has changed regarding Zillow. The famed money manager is usually known for sticking with her bets through thick and thin.\nThe only other fund holding Zillow is the ARK Fintech Innovation ETF (ARKF), which has around 1.4 million shares -- down from more than 2 million.\nARKK holdings of Zillow. Source: Bloomberg.Source: Bloomberg\nShares of Zillow have fallen about 40% in November after the company announced plans to shut down Zillow Offers, its AI-powered home-flipping operation, and reduce its workforce by roughly 25%. Wood initially bought the 10% drop that greeted the announcement before a dramatic u-turn.\n“In ARK’s view, this news is the result of execution issues associated with Zillow’s AI pricing algorithms despite its access to ample data, calling into question the high balance sheet risk necessary to enable the scaling of iBuying business models,” Ark said later that week in its regular commentary on its biggest moving shares.\nA spokesperson for the firm didn’t respond to a request for comment regarding its reduced stake in the company.\nAfter a stellar 2020, Ark’s performance this year has been more mixed. The flagship fund ARKK has lost about 6.2%, while ARKW has returned 5.5% and ARKF is up 4%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":876030085,"gmtCreate":1637242212114,"gmtModify":1637242212295,"author":{"id":"3576527829922352","authorId":"3576527829922352","name":"Kelvinneo","avatar":"https://static.tigerbbs.com/02f9dc9fba8b950702638da01ab252b8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3576527829922352","authorIdStr":"3576527829922352"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876030085","repostId":1186453763,"repostType":4,"repost":{"id":"1186453763","kind":"news","pubTimestamp":1637241787,"share":"https://www.laohu8.com/m/news/1186453763?lang=&edition=full","pubTime":"2021-11-18 21:23","market":"us","language":"en","title":"Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share","url":"https://stock-news.laohu8.com/highlight/detail?id=1186453763","media":"Bloomberg","summary":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in emba","content":"<ul>\n <li>ARKK cuts stake in real estate firm to fewer than 1,000 shares</li>\n <li>Wood had initially bought dip in embattled property company</li>\n</ul>\n<p>The scale of Cathie Wood’s dramatic cull of her big stake in&nbsp;Zillow Group&nbsp;is now clear, two weeks after she&nbsp;bought an initial dip&nbsp;in the beleaguered real estate company.</p>\n<p>The ARK Innovation exchange-traded fund (tickerARKK), Wood’s main product, held fewer than 1,000 shares of Zillow at the close on Wednesday worth just $50,000, according to data compiled by Bloomberg. Earlier this month it owned 7.1 million valued at well over $600 million.</p>\n<p>It’s a similar story for the ARK Next Generation Internet ETF (ARKW), which is down to about 11,200 shares of the Seattle-based property firm from about 1.4 million earlier this year.</p>\n<p>The rapid unwind underscores how fast the view of Wood and her firm, Ark Investment Management, has changed regarding Zillow. The famed money manager is usually known for sticking with her bets through thick and thin.</p>\n<p>The only other fund holding Zillow is the ARK Fintech Innovation ETF (ARKF), which has around 1.4 million shares -- down from more than 2 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdf6f9595cd16bef352998ec7c41ede2\" tg-width=\"740\" tg-height=\"343\" width=\"100%\" height=\"auto\"><span>ARKK holdings of Zillow. Source: Bloomberg.Source: Bloomberg</span></p>\n<p>Shares of Zillow have fallen about 40% in November after the company announced plans to shut down Zillow Offers, its AI-powered home-flipping operation, and reduce its workforce by roughly 25%. Wood initially bought the 10% drop that greeted the announcement before a&nbsp;dramatic u-turn.</p>\n<p>“In ARK’s view, this news is the result of execution issues associated with Zillow’s AI pricing algorithms despite its access to ample data, calling into question the high balance sheet risk necessary to enable the scaling of iBuying business models,” Ark said later that week in its regular commentary on its biggest moving shares.</p>\n<p>A spokesperson for the firm didn’t respond to a request for comment regarding its reduced stake in the company.</p>\n<p>After a stellar 2020, Ark’s performance this year has been more mixed. The flagship fund ARKK has lost about 6.2%, while ARKW has returned 5.5% and ARKF is up 4%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood’s Flagship Fund Dumps Almost Every Zillow Share</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s Flagship Fund Dumps Almost Every Zillow Share\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZG":"Zillow Class A","Z":"Zillow"},"source_url":"https://www.bloomberg.com/news/articles/2021-11-18/cathie-wood-s-flagship-fund-has-dumped-almost-every-zillow-share?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186453763","content_text":"ARKK cuts stake in real estate firm to fewer than 1,000 shares\nWood had initially bought dip in embattled property company\n\nThe scale of Cathie Wood’s dramatic cull of her big stake in Zillow Group is now clear, two weeks after she bought an initial dip in the beleaguered real estate company.\nThe ARK Innovation exchange-traded fund (tickerARKK), Wood’s main product, held fewer than 1,000 shares of Zillow at the close on Wednesday worth just $50,000, according to data compiled by Bloomberg. Earlier this month it owned 7.1 million valued at well over $600 million.\nIt’s a similar story for the ARK Next Generation Internet ETF (ARKW), which is down to about 11,200 shares of the Seattle-based property firm from about 1.4 million earlier this year.\nThe rapid unwind underscores how fast the view of Wood and her firm, Ark Investment Management, has changed regarding Zillow. The famed money manager is usually known for sticking with her bets through thick and thin.\nThe only other fund holding Zillow is the ARK Fintech Innovation ETF (ARKF), which has around 1.4 million shares -- down from more than 2 million.\nARKK holdings of Zillow. Source: Bloomberg.Source: Bloomberg\nShares of Zillow have fallen about 40% in November after the company announced plans to shut down Zillow Offers, its AI-powered home-flipping operation, and reduce its workforce by roughly 25%. Wood initially bought the 10% drop that greeted the announcement before a dramatic u-turn.\n“In ARK’s view, this news is the result of execution issues associated with Zillow’s AI pricing algorithms despite its access to ample data, calling into question the high balance sheet risk necessary to enable the scaling of iBuying business models,” Ark said later that week in its regular commentary on its biggest moving shares.\nA spokesperson for the firm didn’t respond to a request for comment regarding its reduced stake in the company.\nAfter a stellar 2020, Ark’s performance this year has been more mixed. The flagship fund ARKK has lost about 6.2%, while ARKW has returned 5.5% and ARKF is up 4%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6630115,"gmtCreate":1637242435406,"gmtModify":1637242435437,"authorId":3582059874598092,"author":{"id":3582059874598092,"idStr":"3582059874598092","authorId":3582059874598092,"name":"Junpani","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":876030085,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":42,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}