The ARK thing actually appears to be a redundancy due to filing overlap of two different types of filings, not a larger holding than what is show in the ETF report.

So it's not a double-up of ARK funds, it's the ETF and the mother ship ARK having to show the same single holding but on two different timelines.

Fintel shows two reports for PYR relative to ARK:

1/ an NP filing (short for NPORT), which are the holdings declaration of a fund within a larger entity (in this case, the PRNT ETF within ARK) for each month.

2/ a 13F filing, which are the holdings declaration from the mother ship ARK for each quarter.

So one is a monthly report showing holdings at the end of that particular month, and one is a quarterly filing showing holdings as at the end of that last quarter. They are reporting the same data, just at different times. So the difference between the two could be large if a major decrease or increase in holdings occurs over an entire quarter, making it look like two separate holdings, when it's really only one holding at different times.

Using current institutional holding data from Fintel, and ARK-specific data from the ARK tracking site Cathie's ARK, there's proof that these are showing the same single holding in PYR, just at different times:

NP Filing:

- the NP filing for PRNT, filed on June 24, declares 135,921 shares held in the ETF. [Source: https://fintel.io/so/ca/pyr ]

- that equates to the exact amount of PYR shares held at months end of April 30 (they have 60 days to file an NPORT). [Source: https://cathiesark.com/prnt-holdings-of-pyr ]

13F Filing

- the 13F filing for the mother ship ARK Investment Management LLC, filed on May 13, declares 211,000 shares held by ARK overall. [Source: https://fintel.io/so/ca/pyr ]

- That equates to the exact amount of PYR shares held in the PRNT ETF on March 31, the end of PRNT's reporting quarter. (13Fs have to be filed within 45 days of the quarter end, which is why it's listed as filed on May 13 on Fintel.)  [Source: https://cathiesark.com/prnt-holdings-of-pyr ]

- Moving forward, they should more closely align, as the difference between the current daily shares held and the amount of shares held at the end of the last quarter, has closed.

The next 13F would be due on or before August 15, and it should show 127,521 shares held, as that was the amount held in the ETF on June 30. If so, that would prove the two reports are showing the same holding at different times, not two separate holdings.

--------