ARK Investment Management Holds 13.9% Stake in 908 Devices

TL;DR

**ARK still owns a big chunk of 908 Devices, signaling confidence.**

AI Summary

ARK Investment Management LLC, led by Cathie Wood, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in 908 Devices Inc. As of December 31, 2023, ARK beneficially owned 4,346,579 shares of 908 Devices' common stock, representing 13.9% of the company. This filing indicates a significant institutional stake, suggesting ARK's continued conviction in 908 Devices, which could be a positive signal for current and prospective investors.

Why It Matters

This filing shows a major institutional investor, ARK Investment Management, maintains a substantial position in 908 Devices, which can influence market perception and potentially attract other investors.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.

Analyst Insight

A smart investor would view this as a positive signal, indicating a prominent institutional investor's continued belief in 908 Devices. It might warrant further research into 908 Devices' fundamentals and growth prospects, especially considering ARK's focus on disruptive innovation.

Key Numbers

• 4,346,579 — Shares Beneficially Owned (This is the total number of common stock shares of 908 Devices Inc. held by ARK Investment Management LLC as of December 31, 2023.)
• 13.9% — Percentage of Class (This represents the percentage of 908 Devices Inc.'s common stock beneficially owned by ARK Investment Management LLC.)
• December 31, 2023 — Date of Event (This is the date on which the ownership stake was calculated for this filing.)

Key Players & Entities

• ARK Investment Management LLC (company) — the reporting person and institutional investor
• 908 Devices Inc. (company) — the subject company whose shares are being reported
• Delaware (place) — state of organization for ARK Investment Management LLC
• Cathie Wood (person) — founder and CEO of ARK Investment Management LLC

Forward-Looking Statements

• ARK Investment Management will maintain a significant stake in 908 Devices Inc. throughout 2024. (ARK Investment Management LLC) — medium confidence, target: December 31, 2024
• The continued institutional ownership by ARK could attract other growth-focused investors to 908 Devices Inc. (908 Devices Inc.) — medium confidence, target: June 30, 2024

FAQ

Filing Documents

• tm244117d5_sc13ga.htm (SC 13G/A) — 44KB
• 0001104659-24-007707.txt ( ) — 45KB

(a) Name of issuer

Item 1(a) Name of issuer: 908 Devices Inc.

(b) Address of issuer's principal executive offices

Item 1(b) Address of issuer's principal executive offices: 645 Summer Street Boston, MA 02210

(a) Name of person filing

Item 2(a) Name of person filing: ARK Investment Management LLC

(b) Address or principal business office or, if none,

Item 2(b) Address or principal business office or, if none, residence: ARK Investment Management LLC 200 Central Avenue St. Petersburg, FL 33701

(c) Citizenship

Item 2(c) Citizenship: Delaware, United States

(d) Title of class of securities

Item 2(d) Title of class of securities: Common stock

(e) CUSIP No

Item 2(e) CUSIP No.: 65443P102

If this statement is filed pursuant to §§ 240.13d-1(b) or

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ CUSIP No. 65443P102 13G Page 4 of 5 Pages

Ownership

Item 4. Ownership (a) Amount beneficially owned: 4,346,579 (b) Percent of class: 13.42% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 4,346,579 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 4,346,579 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of 5 Percent or Less of a Class

Item 5. Ownership of 5 Percent or Less of a Class. Not applicable.

Ownership of More than 5 Percent on Behalf of Another Person

Item 6. Ownership of More than 5 Percent on Behalf of Another Person. To the knowledge of the Reporting Person, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, a number of the shares which represents more than five percent of the number of outstanding class of the shares. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 65443P102 13G Page 5 of 5 Pages

Certifications

Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. The reporting persons agree that this statement is filed on behalf of each of them. Dated: January 29, 2024 ARK Investment Management LLC By: /s/ Kellen Carter Name: Kellen Carter Title: Chief Compliance Officer

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View this SC 13G/A filing on SEC EDGAR