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Core News Facts
The ARK Venture Fund, led by Cathie Wood, allows everyday investors to access venture capital-backed private companies with a minimum investment of $500. As of September 30, 2023, the fund has net assets of $325.3 million, with 66 total holdings—81.9% in private companies and 18.1% in publicly traded firms. It has significantly outperformed the S&P 500 Index, achieving a total return of 117% since its inception on September 23, 2022, compared to the S&P 500’s 85.6%.
Key holdings in the fund include SpaceX (9.42% of total portfolio), Figure AI (7.43%), Neuralink (5.43%), and OpenAI (5.29%). The fund’s quarterly redemption policy allows investors to request up to 5% of the net asset value per quarter, emphasizing the importance of investing funds that can remain illiquid for an extended period.
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