ARK Innovation ETF(ARKK)
AI Look-Through Summary
AI GeneratedThe portfolio's sector allocation reveals a strong tilt towards growth-oriented sectors, with Technology and Other sectors comprising over 47% of the fund's weight. This is consistent with the Mid-Cap Growth category, which tends to focus on companies with high growth potential. The presence of Financial Services and Consumer Cyclical sectors suggests some exposure to more traditional industries, but these represent a smaller portion of the overall portfolio.
The top holdings list highlights a significant concentration in Technology, particularly Tesla (TSLA) at 10.1% weight, which is not surprising given its market capitalization and growth prospects. The fund's valuation posture appears rich, with a weighted P/E ratio of 67.7x and a weighted P/B ratio of 16.38x, indicating that investors are willing to pay a premium for the portfolio's growth potential. A strong Technology sector and high-growth companies may be beneficial in an environment where innovation and disruption drive market trends. However, a slowdown in these sectors or a shift towards value-oriented investing could negatively impact the fund's performance.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 09:01:02.881994+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 65/100The thematic alignment between the ARK Innovation ETF's name and its actual composition reveals a mixed picture of innovation focus versus broad market exposure. While significant weight is placed on disruptive growth names like Tesla, AMD, and Roku that fit an innovation narrative, there are notable deviations where holdings appear less central to core technological disruption themes. Specifically, heavy allocations to financial services firms such as Coinbase, Credit Acceptance, and Hootsuite alongside consumer cyclical giants like Amazon suggest the fund may be leveraging large-cap momentum stocks for stability rather than maintaining a strict purist view of deep-tech or biotech innovation. The presence of companies with undefined sector classifications further introduces ambiguity regarding whether these positions are truly driving thematic exposure or simply capturing general market beta under the guise of an innovation strategy.
Sector concentration presents both coherence challenges and significant risk factors relative to the stated theme. Although technology serves as the largest single sector at roughly 23%, the substantial weightings in financial services and consumer cyclical sectors dilute the distinctiveness expected from a pure-play innovation vehicle, making it structurally similar to broader growth indices during certain market cycles. The top ten holdings account for over half of the fund's assets, creating high concentration risk where performance is heavily dependent on a small group of volatile equities rather than diversified thematic exposure across multiple sub-sectors. This lack of sectoral breadth suggests the fund may struggle to differentiate itself from standard growth benchmarks when mega-cap stocks underperform, potentially undermining its value proposition as a specialized innovation play for investors seeking specific technological or scientific advancements.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-19 15:48:43.911002+00
🏢 Sector Analysis
AI GeneratedThe sector allocation of the ARK Innovation ETF reveals a strategic emphasis on high-growth equities, with Technology and Financial Services collectively comprising over 40% of the portfolio. This heavy weighting in these two sectors aligns with an investment thesis targeting disruptive innovation within digital infrastructure and fintech ecosystems, while significant exposure to Consumer Cyclical and Healthcare underscores a focus on transformative companies in consumer adoption and biotechnology. The presence of Communication Services further suggests a bet on evolving media landscapes and connectivity technologies. However, the concentration risk is notably elevated, as the top ten holdings account for more than half of the total assets under management, creating a scenario where portfolio performance is heavily dependent on the specific trajectory of these individual names rather than broad sector trends.
Factor tilts inherent in this structure point toward aggressive growth and momentum characteristics, evidenced by the inclusion of volatile yet high-potential leaders like Tesla within the Consumer Cyclical sector alongside semiconductor and financial technology firms. The top-five holdings alone represent a substantial portion of the portfolio, indicating that the fund manager prioritizes conviction bets on specific market disruptors over diversified exposure across an industry. Such a concentrated approach amplifies both upside potential during periods of innovation-led rallies and downside volatility when those specific growth narratives face headwinds or valuation corrections. The data suggests a deliberate strategy to capture alpha through specialized selection rather than passive sector tracking, resulting in a profile that is less about stability and more about capturing the outsized returns associated with early-stage technological adoption cycles.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-18 05:00:41.224055+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share ARKK's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of ARKK's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| ARKWARK Next Generation Internet ETF | $2B | — | 23 | 62.5% |
| VONGVONG | $46B | — | 23 | 55.5% |
| VTIVanguard Total Stock Market Index Fund ETF Shares | $2.1T | 0.03% | 23 | 54.6% |
| VONEVONE | $10B | — | 23 | 54.6% |
| QUSQUS | $1B | — | 22 | 52.8% |
63% of ARKK's portfolio by weight is also held by ARKW. When ARKW receives inflows, it mechanically buys these shared stocks — dragging ARKK's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofARKK's weight.
Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Peer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 54% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 90% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside ARKK collectively pay out 26% of their Free Cash Flow to maintain the current yield. This leaves a substantial cash buffer, making dividend cuts unlikely even in a downturn. Based on 11% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryARKK is down 3.1% over the last 12 months. The underlying weighted earnings growth of its constituents is +21.3%. Despite earnings growth, valuations have contracted by 24.5% — the market is paying less per dollar of earnings than a year ago.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 87% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of ARKK's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of ARKK's analyzed weight, 20% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 80% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 66% of fund weight with available data. Not investment advice.
Concentration Risk Monitor
ELEVATEDARKK's top holding TSLA at 10.4% is above the 8% elevated-concentration threshold. The effective number of stocks is 27 vs. the actual count of 44.
Effective # of Stocks = 1 / HHI (Herfindahl-Hirschman Index). Variance share approximated as w² / Σw². Not investment advice.
Passive Crowding Score
MODERATEHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
ARKK has a Passive Crowding Score of 30/100. On average, 9.1% of the market capitalization of ARKK's underlying holdings is structurally locked in passive ETF vehicles. This indicates moderate passive ownership density. Index rebalances and ETF creation/redemption activity can amplify short-term volatility in the underlying holdings.
Passive $ = Σ(ETF AUM × holding weight) across all 39 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | TSLA | TESLA INC Consumer Cyclical | 10.40% | 349.4x | 5/9 |
| 2 | TEM | TEMPUS AI INC-CL A | 5.43% | — | 4/9 |
| 3 | SHOP | SHOPIFY INC - CLASS A Technology | 4.82% | 122.3x | 5/9 |
| 4 | HOOD | ROBINHOOD MARKETS INC - A Financial Services | 4.74% | 51.5x | 4/9 |
| 5 | CRSP | CRISPR THERAPEUTICS AG Healthcare | 4.56% | — | 2/9 |
| 6 | SPCX | SPACE EXPLORATION TECHN-CL A | 4.39% | — | — |
| 7 | COIN | COINBASE GLOBAL INC -CLASS A Financial Services | 4.24% | 59.1x | 4/9 |
| 8 | AMD | ADVANCED MICRO DEVICES Technology | 4.04% | 166.9x | 7/9 |
| 9 | RBLX | ROBLOX CORP -CLASS A Communication Services | 3.45% | — | 6/9 |
| 10 | CRCL | CIRCLE INTERNET GROUP INC Financial Services | 3.33% | — | 3/9 |
| 11 | TXG | 10X GENOMICS INC-CLASS A | 3.24% | — | 5/9 |
| 12 | TWST | TWIST BIOSCIENCE CORP | 3.22% | — | 5/9 |
| 13 | PLTR | PALANTIR TECHNOLOGIES INC-A Technology | 3.16% | 148.7x | 8/9 |
| 14 | BEAM | BEAM THERAPEUTICS INC Healthcare | 2.88% | — | 3/9 |
| 15 | AMZN | AMAZON.COM INC Consumer Cyclical | 2.58% | 29.9x | 6/9 |
Historical Holdings Snapshots
Browse how ARKK’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-07-18
15 holdings · 64.5% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TSLA | 10.40% | 1,615,300 | $631.7M |
| 2 | TEM | 5.43% | 6,152,970 | $329.7M |
| 3 | SHOP | 4.82% | 2,340,140 | $292.7M |
| 4 | HOOD | 4.74% | 2,716,721 | $288.0M |
| 5 | CRSP | 4.56% | 5,703,575 | $277.0M |
| 6 | SPCX | 4.39% | 2,032,067 | $266.4M |
| 7 | COIN | 4.24% | 1,605,145 | $257.6M |
| 8 | AMD | 4.04% | 489,248 | $245.1M |
| 9 | RBLX | 3.45% | 3,878,519 | $209.5M |
| 10 | CRCL | 3.33% | 3,340,083 | $202.5M |
| 11 | TXG | 3.24% | 4,430,590 | $197.1M |
| 12 | TWST | 3.22% | 2,143,320 | $195.5M |
| 13 | PLTR | 3.16% | 1,425,817 | $191.7M |
| 14 | BEAM | 2.88% | 6,156,850 | $174.8M |
| 15 | AMZN | 2.58% | 626,864 | $156.6M |
2026-07-17
15 holdings · 64.5% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TSLA | 10.40% | 1,615,300 | $631.7M |
| 2 | TEM | 5.43% | 6,152,970 | $329.7M |
| 3 | SHOP | 4.82% | 2,340,140 | $292.7M |
| 4 | HOOD | 4.74% | 2,716,721 | $288.0M |
| 5 | CRSP | 4.56% | 5,703,575 | $277.0M |
| 6 | SPCX | 4.39% | 2,032,067 | $266.4M |
| 7 | COIN | 4.24% | 1,605,145 | $257.6M |
| 8 | AMD | 4.04% | 489,248 | $245.1M |
| 9 | RBLX | 3.45% | 3,878,519 | $209.5M |
| 10 | CRCL | 3.33% | 3,340,083 | $202.5M |
| 11 | TXG | 3.24% | 4,430,590 | $197.1M |
| 12 | TWST | 3.22% | 2,143,320 | $195.5M |
| 13 | PLTR | 3.16% | 1,425,817 | $191.7M |
| 14 | BEAM | 2.88% | 6,156,850 | $174.8M |
| 15 | AMZN | 2.58% | 626,864 | $156.6M |
2026-07-16
15 holdings · 64.6% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TSLA | 10.11% | 1,663,240 | $656.1M |
| 2 | TEM | 5.59% | 6,335,612 | $362.7M |
| 3 | HOOD | 4.98% | 2,797,373 | $323.2M |
| 4 | CRSP | 4.65% | 5,872,916 | $301.7M |
| 5 | SHOP | 4.59% | 2,409,606 | $297.7M |
| 6 | SPCX | 4.36% | 2,092,368 | $283.0M |
| 7 | COIN | 4.26% | 1,652,756 | $276.4M |
| 8 | AMD | 4.11% | 503,771 | $266.6M |
| 9 | RBLX | 3.51% | 3,993,669 | $227.9M |
| 10 | CRCL | 3.48% | 3,439,206 | $225.9M |
| 11 | TXG | 3.22% | 4,562,096 | $208.7M |
| 12 | TWST | 3.16% | 2,214,745 | $205.1M |
| 13 | PLTR | 3.03% | 1,468,117 | $196.4M |
| 14 | BEAM | 3.01% | 6,339,633 | $195.5M |
| 15 | AMZN | 2.54% | 645,429 | $164.6M |
2026-07-15
15 holdings · 64.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TSLA | 10.15% | 1,670,380 | $661.8M |
| 2 | TEM | 5.73% | 6,362,814 | $373.3M |
| 3 | HOOD | 4.95% | 2,842,991 | $322.5M |
| 4 | SHOP | 4.66% | 2,419,952 | $304.1M |
| 5 | CRSP | 4.56% | 5,898,137 | $297.6M |
| 6 | AMD | 4.25% | 505,934 | $277.3M |
| 7 | SPCX | 4.24% | 2,029,275 | $276.1M |
| 8 | COIN | 4.11% | 1,659,847 | $268.1M |
| 9 | CRCL | 3.35% | 3,453,969 | $218.4M |
| 10 | RBLX | 3.35% | 4,010,819 | $218.5M |
| 11 | TXG | 3.29% | 4,682,093 | $214.4M |
| 12 | TWST | 3.24% | 2,284,109 | $211.3M |
| 13 | BEAM | 3.02% | 6,366,856 | $196.7M |
| 14 | PLTR | 3.02% | 1,474,417 | $197.2M |
| 15 | AMZN | 2.46% | 648,194 | $160.4M |
2026-07-14
15 holdings · 63.0% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TSLA | 10.06% | 1,721,380 | $679.5M |
| 2 | TEM | 5.43% | 6,557,114 | $366.7M |
| 3 | HOOD | 4.67% | 2,870,733 | $315.4M |
| 4 | SHOP | 4.60% | 2,493,852 | $311.1M |
| 5 | CRSP | 4.56% | 6,078,287 | $307.7M |
| 6 | SPCX | 4.31% | 2,091,225 | $291.0M |
| 7 | AMD | 4.20% | 531,426 | $284.0M |
| 8 | COIN | 3.98% | 1,710,497 | $269.2M |
| 9 | RBLX | 3.37% | 4,133,319 | $227.5M |
| 10 | TWST | 3.18% | 2,377,434 | $214.8M |
| 11 | CRCL | 3.17% | 3,395,052 | $213.9M |
| 12 | TXG | 3.08% | 4,982,934 | $208.1M |
| 13 | BEAM | 3.01% | 6,561,306 | $203.4M |
| 14 | PLTR | 2.92% | 1,519,417 | $197.6M |
| 15 | AMZN | 2.45% | 667,944 | $165.2M |
2026-07-13
15 holdings · 64.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TSLA | 10.54% | 2,192,620 | $894.1M |
| 2 | TEM | 5.74% | 8,352,446 | $486.4M |
| 3 | CRSP | 4.87% | 7,742,873 | $413.1M |
| 4 | SHOP | 4.59% | 3,176,688 | $389.3M |
| 5 | AMD | 4.45% | 676,956 | $377.7M |
| 6 | SPCX | 4.37% | 2,550,200 | $370.5M |
| 7 | COIN | 4.09% | 2,178,503 | $346.5M |
| 8 | HOOD | 3.79% | 2,870,733 | $321.4M |
| 9 | RBLX | 3.44% | 5,265,219 | $291.4M |
| 10 | CRCL | 3.37% | 4,324,596 | $286.0M |
| 11 | TWST | 3.29% | 3,078,330 | $279.0M |
| 12 | TXG | 3.23% | 6,418,174 | $274.2M |
| 13 | BEAM | 3.22% | 8,358,024 | $273.1M |
| 14 | PLTR | 2.89% | 1,935,217 | $245.4M |
| 15 | NTLA | 2.48% | 14,768,634 | $209.9M |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Fama-French 5-Factor Exposure
Academic factor model decomposition — what's really driving this ETF's returns.
Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.
Price Chart with Moving Averages
What Drove ARKK Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe current price of $74.90 for ARK Innovation ETF sits within a mid-cap growth sector context, presenting a snapshot where institutional positioning can be inferred through broader market mechanics rather than isolated signals. While specific moving average crossovers are not provided in the immediate data set, the absence of such technical triggers suggests that larger players may currently be in a period of consolidation or waiting for clearer trend confirmation before committing significant capital flows. In environments lacking distinct crossover events, volume trends often serve as the primary barometer for institutional intent; however, without explicit volume metrics here, one can only observe that price action at $74.90 represents a specific equilibrium point where supply and demand have temporarily balanced. Institutional behavior in mid-cap growth assets frequently revolves around risk management during periods of elevated volatility or when macroeconomic indicators create uncertainty about future earnings trajectories. The positioning of major funds might be characterized by reduced turnover if the price remains stable near this level, indicating a wait-and-see approach rather than aggressive accumulation or distribution. Alternatively, if recent trading patterns show resistance at higher levels without corresponding volume expansion, it could imply that institutional buyers are hesitant to push prices significantly above $74.90 until fundamental catalysts emerge. Conversely, any potential support tests near this price point might reflect defensive strategies employed by larger entities aiming to preserve capital while monitoring the trajectory of innovation sector valuations. Ultimately, the technical landscape at $74.90 does not offer definitive directional
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Smart Money Flow
Institutional 13F filings from top hedge funds. Positions updated quarterly from SEC EDGAR.
| Fund | Quarter | Shares Δ | % Change | Action |
|---|---|---|---|---|
| Citadel | 2026-Q1 | -461,200 | -15.8% | Decreased |
| DE Shaw | 2026-Q1 | +364,767 | +45.4% | Increased |
| Two Sigma | 2026-Q1 | -185,100 | -100.0% | Exited |
| Millennium | 2026-Q1 | +163,597 | +929.4% | Increased |
| RenTech | 2026-Q1 | +86,400 | +100.0% | New Position |
| Point72 | 2026-Q1 | +21,000 | +53.9% | Increased |
| Millennium | 2025-Q4 | -2,068,997 | -99.2% | Decreased |
| Citadel | 2025-Q4 | -1,320,500 | -31.1% | Decreased |
| Point72 | 2025-Q4 | -361,000 | -90.3% | Decreased |
| Two Sigma | 2025-Q4 | +171,711 | +1282.5% | Increased |
| RenTech | 2025-Q4 | -26,500 | -100.0% | Exited |
| DE Shaw | 2025-Q4 | +21,574 | +2.8% | Increased |
Source: SEC 13F-HR filings. 13F data is delayed ~45 days after quarter end. Not investment advice.
Sector Drift Over Time
How ARKK’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
AUM & Capital Flow Tracker
Estimated assets under management derived from SEC filings and daily price movements — tracks how the fund's value evolves over time.
Estimated AUM derived from the latest SEC N-PORT filing TNA ($8.41B) scaled by daily price changes. Filing snapshots update when new regulatory filings are published (quarterly for most funds, daily for ARK).
Compare ARKK to Peers
Pre-computed overlap analysis. Click to see side-by-side comparison with holdings-level detail.
⚠ Based on top 44 holdings only. Actual overlap may differ.
⚠ Based on top 44 holdings only. Actual overlap may differ.
⚠ Based on top 44 holdings only. Actual overlap may differ.
⚠ Based on top 44 holdings only. Actual overlap may differ.
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-07-17.
SecuritiesDB is for informational purposes only. Not investment advice.