ARK Investment Management Holds 5.8M Shares in Vuzix Corp

TL;DR

**ARK still owns a huge chunk of Vuzix, signaling confidence in AR tech!**

AI Summary

ARK Investment Management LLC, led by Cathie Wood, has updated its holdings in Vuzix Corporation, reporting beneficial ownership of 5,813,065 shares of common stock as of December 31, 2023. This represents a significant stake, giving ARK sole voting and dispositive power over these shares. For investors, this filing indicates ARK's continued conviction in Vuzix, a company specializing in augmented reality technology, which could signal potential future growth or stability for the stock.

Why It Matters

This filing shows a major institutional investor's continued belief in Vuzix, which can influence market sentiment and potentially attract other investors to the stock.

Risk Assessment

Risk Level: low — This filing is an amendment showing a large institutional investor's current holdings, which generally indicates stability rather than immediate risk.

Analyst Insight

A smart investor would view this as a positive signal, suggesting that a prominent institutional investor sees long-term value in Vuzix. It might prompt further research into Vuzix's fundamentals and future prospects, especially in the augmented reality sector.

Key Numbers

• 5,813,065 — Shares Beneficially Owned (Represents the total number of Vuzix common stock shares ARK Investment Management LLC holds with sole voting and dispositive power.)

Key Players & Entities

• ARK Investment Management LLC (company) — the reporting person and institutional investor
• Vuzix Corporation (company) — the subject company whose stock is being reported
• 5,813,065 (dollar_amount) — number of shares beneficially owned by ARK
• December 31, 2023 (date) — the date of the event requiring the filing
• Delaware (company) — place of organization for ARK Investment Management LLC

Forward-Looking Statements

• ARK Investment Management will maintain a significant stake in Vuzix Corporation throughout 2024. (ARK Investment Management LLC) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• tm244117d29_sc13ga.htm (SC 13G/A) — 50KB
• 0001104659-24-007700.txt ( ) — 52KB

(a) Name of issuer

Item 1(a) Name of issuer: Vuzix Corporation

(b) Address of issuer's

Item 1(b) Address of issuer's principal executive offices: 25 Hendrix Road, Suite A, West Henrietta, New York 14586

(a) Name of person filing

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

(b) Address or principal

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

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

(e) CUSIP No

Item 2(e) CUSIP No.: 92921W300

If this statement is filed

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. 92921W300 13G Page 4 of 5 Pages

Ownership

Item 4. Ownership (a) Amount beneficially owned: 5,813,065 (b) Percent of class: 9.18% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 5,813,065 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 5,813,065 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of 5 Percent or

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. 92921W300 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