ARK Next Generation Internet ETF (ARKW)

Look-through valuation · Theme · Expense ratio 0.87 % · ISIN US00214Q4010

ARKW ARK Next Generation Internet ETF ARKW overvalued

Holdings vs fair value −61.9 % weighted average

Quality 51/100 avg alpha quality

Expense ratio 0.87 % per year (TER)

Fund size $ 1.6B yield 1.62 %

The look-through covers 84 % of the fund by weight (35 of 38 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 2014)

Monthly close since 2014. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding	Weight	vs fair value	Quality
Tesla Inc TSLA	8.0 %	−80.0 %	37
Advanced Micro Devices Inc AMD	7.8 %	−78.9 %	72
Robinhood Markets Inc HOOD	5.8 %	−80.0 %	56
Shopify Inc SHOP	4.6 %	−80.0 %	52
Amazon.com Inc AMZN	3.7 %	−49.9 %	53
Alphabet Inc Class C GOOG	3.6 %	−60.7 %	73
Coinbase Global Inc COIN	3.3 %	−65.9 %	37
Roblox Corp RBLX	3.2 %	−62.9 %	28
Space Exploration Technologies Corp. Class A Common Stock SPCX	3.1 %	n/a	n/a
Block, Inc XYZ	3.1 %	−4.2 %	58
Circle Internet Group, Inc. CRCL	3.0 %	+78.1 %	27
CoreWeave, Inc. Class A Common Stock CRWV	2.8 %	−41.8 %	13
Palantir Technologies Inc. PLTR	2.7 %	−80.0 %	56
Datadog Inc DDOG	2.6 %	−80.0 %	56
Crowdstrike Holdings Inc CRWD	2.6 %	−80.0 %	58
Meta Platforms Inc. META	2.3 %	−21.5 %	60
Cloudflare Inc NET	2.2 %	−80.0 %	40
Taiwan Semiconductor Manufacturing TSM	2.1 %	−49.7 %	79
Broadcom Inc AVGO	2.0 %	−78.8 %	67
Cerebras Systems Inc. Class A Common Stock CBRS	1.7 %	−80.0 %	39
Rubrik, Inc. RBRK	1.6 %	−83.0 %	43
NVIDIA Corporation NVDA	1.5 %	−54.4 %	68
Everpure, Inc. P	1.4 %	−80.0 %	54
Figma, Inc. FIG	1.3 %	−76.2 %	38
Bullish BLSH	1.3 %	−80.0 %	23

Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 38 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives ARK Next Generation Internet ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.