Ark Investment Management bought 245,286 shares of graphics-chip specialist Nvidia (NVDA), as well as 84,795 shares of CareDX (CDNA), an organ transplant services firm, valued at $2 million. CareDX was at about a quarter of its 52 week high of $97, set in June. Ark also bought 127,210 shares of cryptocurrency exchange Coinbase (COIN), valued at $8.9 million, after it had dropped 71% over the last year.

Among several positions it sold, ARK dropped 260,407 shares of Spotify (SPOT) valued at $28.3 million. The stock was down 53% year to date.

Ark funds have slumped of late, however Chief Cathy Wood dismissed concerns noting the firm has a five year investment window. That five year window has beaten the S&P 500 until May 9th. However the five-year annualized return of Ark Innovation has been 10.61% through May 26, which is below the S&P 500 which has shown a 12.94% return.

So far, Ark has lost 52% just this year as the disruptive technology companies it favored fell on hard time, and it has declined 72% since its February 2021 peak. Despite this investors continue to flock to Ark Investment Management, as it has witnessed a $1.4 billion inflow so far this year as of May 16th.