After strong words from #CathieWood earlier this year, #ARKInvest finally completely sold out of #Illumina (#ILMN) stock. Just 4 months ago, it was #ARK Invest's 7th biggest position overall, being the 8th biggest holding in #ARKK and the 4th biggest holding in #ARKG. This makes for a great case study of what it looks like when ARK Invest actually loses conviction in a major holding and decides to sell out!

In this video, I show how Cathie Wood and ARK Invest's conviction on Illumina has changed between August and December 2020. Then, I walk through exactly how ARK Invest sold out of the position, which looks very different than the sell-offs that typically get a lot of attention. After that, I give some advice on what YOU can do with all of this information and how you should use it going forward.

In the Know with Cathie Wood, where she discusses Illumina's stagnating sequencing costs:    • Earnings Calls, Economic Indicators, ...  

Illumina is the Bedrock of the Genomic Revolution, Catherine Wood, ARK Invest's CEO, and CIO: https://ark-invest.com/articles/marke...

ARK Invest's Genomic Innovations white paper: https://ark-invest.com/white-papers/g...

The ARK Invest funds discussed in this video are:
ARK Invest Innovation ETF (ARKK) - https://ark-funds.com/arkk
ARK Invest Genomic Revolution ETF (ARKG) - https://ark-funds.com/arkg

My video on ARKG, ARK Invest's Genomic Revolution fund:    • 🧬🧪 ARKG: ARK Invest's BEST ETF | Edit...  

ARK Invest's other actively managed ETFs:
ARK Invest Fintech Innovation ETF (ARKF) - https://ark-funds.com/fintech-etf
ARK Invest Next Generation Internet ETF (ARKW) - https://ark-funds.com/arkw
ARK Invest Autonomous Technology & Robotics ETF (ARKQ) - https://ark-funds.com/arkq

My video on ARKQ, ARK Invest's Autonomous Revolution fund:    • ⚡ 🚀 ARKQ: More Tesla Than Tesla | ARK...  

Quick but great coverage of Illumina (ILMN) by an excellent YouTuber, #ChickenGeniusSingapore -    / @chickengeniussingapore  

Timestamps for this video
00:00 Introduction
00:55 Illumina's Fall From Grace
05:04 Sizing the ARK ILMN Breakup
08:56 Watch as Shares Go to ZERO
14:27 Pulling Sell Signals Out of Noise
17:43 Case Study Final Thoughts

I am not a financial advisor or affiliated with ARK Invest in any way.

Thanks for watching!

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