Cathie Wood's ARK Invest Shifts Portfolio: Sells Robinhood, Invests in AI and Biotech

2 Sources

Share

Cathie Wood's ARK Invest makes significant portfolio changes, selling $5.8M worth of Robinhood shares while investing heavily in Tempus AI and other biotech companies, signaling a strategic shift towards AI and emerging technologies.

News article

ARK Invest's Strategic Portfolio Shift

Cathie Wood's ARK Invest, known for its focus on disruptive innovation, has made significant changes to its investment portfolio, reflecting a strategic shift towards artificial intelligence and emerging technologies. On Tuesday, October 22, 2024, ARK executed a series of trades that caught the attention of market observers and investors alike

1

2

.

Robinhood Sell-Off

In a notable move, ARK Invest sold a substantial portion of its holdings in Robinhood Markets Inc (HOOD). The firm offloaded 210,483 shares of Robinhood from its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), valued at approximately $5.8 million based on Tuesday's closing price of $27.41

1

. This divestment comes amid mixed analyst forecasts, with some predicting a potential 12% rally for the stock

1

.

Tempus AI Investment

Contrasting the Robinhood sell-off, ARK made a significant investment in Tempus AI Inc (TEM). The firm purchased 170,649 shares of Tempus AI, amounting to an investment of $8,307,193

2

. This move underscores ARK's growing interest in artificial intelligence companies and follows a series of recent acquisitions in Tempus AI, suggesting a bullish outlook on the company's future prospects.

Biotech and Gene Editing Focus

ARK's trading activity also revealed a continued focus on biotechnology and gene editing companies:

  1. CRISPR Therapeutics AG (CRSP): ARK bought 47,838 shares valued at $2,320,621, reinforcing its long-term interest in CRISPR's gene-editing technology

    2

    .

  2. Cerus Corp (CERS): The firm added 411,854 shares worth $691,914 to its portfolio, signaling confidence in this biomedical products company

    2

    .

  3. Moderna Inc (MRNA): In contrast, ARK reduced its stake in Moderna by selling 157,421 shares, resulting in an $8,469,249 reduction in exposure to the biotechnology firm

    2

    .

Other Notable Trades

ARK's portfolio adjustments also included smaller transactions:

  • Markforged Holding Corp (MKFG): Sold 2,626 shares ($12,027)
  • Materialise NV (MTLS): Sold 400 shares ($2,071)

    2

Market Implications

These trades by ARK Invest are closely watched by investors as they may signal broader market trends and shifts in sector focus. The significant investment in Tempus AI and continued support for gene-editing technologies suggest that ARK sees substantial growth potential in these areas.

The reduction in Robinhood holdings, following earlier sell-offs, has sparked discussions among investors about whether to follow ARK's lead or maintain their positions. However, as noted by Benzinga, the reasons behind selling a stock can be complex and may not always warrant immediate market reactions

1

.

As ARK continues to rebalance its ETF portfolios, emphasizing emerging tech and biotech companies while reducing exposure to certain established names, it reflects a broader strategy of positioning for future growth in disruptive technologies and innovative healthcare solutions.

TheOutpost.ai

Your Daily Dose of Curated AI News

Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Spend less time searching for the latest in AI and get straight to action.

© 2025 Triveous Technologies Private Limited
Instagram logo
LinkedIn logo