March 22 (Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit in the social media platform's strong market debut on Thursday, an email from the asset manager showed.

A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF (ARKW.P) , opens new tab and ARK Fintech Innovation ETF (ARKF.P) , opens new tab, according to the email from late on Thursday.

That holding was worth $503,492 based on the stock's closing price for the day, according to Reuters' calculations.

Wood's flagship fund outperformed all U.S. equity funds in 2020, turning her into a household name among retail investors.

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https://www.reuters.com/markets/us/cathie-woods-ark-invest-scoops-up-nearly-10000-reddit-shares-debut-2024-03-22/