Cathie Wood’s ARK Invest has made strategic adjustments to its ETF holdings, as revealed in recent fund disclosures. On November 19, ARK focused on increasing its investments in the cryptocurrency sector while continuing to reduce its stake in Advanced Micro Devices (AMD).
Investments in Cryptocurrency
ARK made significant purchases in crypto-related companies, showcasing its growing faith in this sector. The largest acquisition involved Bullish, with ARK purchasing 463,598 shares across several ETFs, including the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF), totaling approximately $17.5 million.
In addition to Bullish, ARK acquired 216,019 shares of Circle Internet Group for about $16.5 million, signaling its confidence in Circle’s potential within the digital payments space and the broader adoption of stablecoins. The firm also showed a commitment to digital infrastructure by adding 260,651 shares of Bitmine Immersion Technologies, amounting to roughly $8.4 million.
Reducing Exposure to AMD and Other Stocks
On the flip side, ARK continued its trend of cutting ties with Advanced Micro Devices, shedding 72,215 shares valued at about $16.6 million across multiple ETFs. This move marks another step back from what was previously one of ARK’s notable semiconductor investments.
ARK also sold shares of other companies, including 54,280 shares of Teradyne for approximately $8.9 million, and 40,676 shares of Natera, valued at around $8.7 million. Additionally, the firm exited its position in Pinterest, selling 29,753 shares for about $766,734. This pattern of divesting from these stocks suggests a strategic shift in ARK’s portfolio management, as the firm reassesses its high-conviction investments.
These recent transactions highlight ARK Invest’s ongoing adjustments in response to market dynamics, demonstrating a keen focus on emerging sectors while managing its previous commitments.
