ARK Invest Sees Shift in Portfolio with Notable Buys and Sells

Cathie Wood's ARK Invest has been actively managing its portfolio over the past week, with notable buys and sells across various sectors.

On the sell side, ARK offloaded large positions in several prominent tech companies. Nvidia saw a combined 213,000-plus shares sold across three of its ETFs — ARKK, ARKW, and ARKF — worth over $37M. Meta Platforms shares were cut by over 90,000 shares, valued at close to $50M.

ARK also reduced holdings in cryptocurrencies, including its own ARK 21Shares Bitcoin ETF, as well as crypto-linked equity Bullish. High-risk innovation names took big cuts too, with Archer Aviation and Roku losing significant numbers of shares.

In addition to these sales, ARK trimmed positions in several healthcare companies, including Illumina, Veracyte, Ionis Pharmaceuticals, and Natera. Defense names Kratos and BWX Technologies were also reduced.