ARK Investment Management Discloses 7.65M Veracyte Shares

TL;DR

**ARK still holds a big chunk of Veracyte, watch for their next moves!**

AI Summary

ARK Investment Management LLC, led by Cathie Wood, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in Veracyte, Inc. As of December 31, 2023, ARK beneficially owned 7,655,603 shares of Veracyte's common stock, representing a significant stake. This filing indicates a change in their holdings, which is important for investors as ARK is a prominent institutional investor whose movements can influence market sentiment and stock prices for Veracyte.

Why It Matters

This filing reveals ARK's updated stake in Veracyte, signaling their continued conviction or a shift in their investment strategy, which can impact how other investors perceive the stock.

Risk Assessment

Risk Level: low — This filing is a routine update of institutional ownership and does not inherently present new risks, but rather provides transparency.

Analyst Insight

Investors should monitor future ARK filings (13F, 13G/A) to track changes in their Veracyte holdings, as significant increases or decreases could signal a shift in their investment thesis and potentially influence market sentiment.

Key Numbers

• 7,655,603 — Total Shares Beneficially Owned (The total number of Veracyte shares ARK Investment Management LLC reported owning as of December 31, 2023.)
• 7,471,899 — Sole Voting Power Shares (The number of Veracyte shares over which ARK Investment Management LLC has sole voting power.)
• 183,704 — Shared Voting Power Shares (The number of Veracyte shares over which ARK Investment Management LLC has shared voting power.)

Key Players & Entities

• ARK Investment Management LLC (company) — the reporting person and institutional investor
• Veracyte, Inc. (company) — the subject company whose shares are being reported
• Delaware (company) — state of organization for ARK Investment Management LLC
• December 31, 2023 (date) — the date of the event requiring the filing
• January 29, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• ARK Investment Management LLC will continue to be a significant institutional holder of Veracyte, Inc. shares. (ARK Investment Management LLC) — high confidence, target: Q1 2024
• The market may react positively to ARK's continued substantial holding, viewing it as a vote of confidence. (Veracyte, Inc.) — medium confidence, target: Near-term

FAQ

Filing Documents

• tm244117d27_sc13ga.htm (SC 13G/A) — 46KB
• 0001104659-24-007698.txt ( ) — 47KB

(a) Name of issuer

Item 1(a) Name of issuer: Veracyte, Inc.

(b) Address of issuer's principal executive offices

Item 1(b) Address of issuer's principal executive offices: 6000 Shoreline Court, Suite 300 South San Francisco, CA 94080

(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.: 92337F107

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. 92337F107 13G Page 4 of 5 Pages

Ownership

Item 4. Ownership (a) Amount beneficially owned: 7,655,603 (b) Percent of class: 10.48% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 7,471,899 (ii) Shared power to vote or to direct the vote: 183,704 (iii) Sole power to dispose or to direct the disposition of: 7,655,603 (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. 92337F107 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

View Full Filing

View this SC 13G/A filing on SEC EDGAR