This article first appeared on GuruFocus.
Alphabet (GOOGL) drew fresh buying from Cathie Wood’s ARK Invest on June 3, with the firm adding shares across four exchange-traded funds as it increased its exposure to large-cap technology.
ARK bought a combined 267,582 shares of Alphabet’s Class A and Class C stock through the ARK Innovation ETF, ARK Autonomous Technology & Robotics ETF, ARK Next Generation Internet ETF and ARK Space Exploration & Innovation ETF. Alphabet was the largest purchase in ARK’s daily activity.
The Alphabet buying follows a recent $10 billion investment agreement with Berkshire Hathaway and comes as investors focus on the company’s artificial intelligence, cloud and advertising businesses. Alphabet has also outlined plans for capital spending of $180 billion to $190 billion in 2026, with 2027 spending expected to rise further.
ARK also added 30,273 shares of Alibaba Group and 5,608 shares of Meta Platforms in ARKK, while trimming Advanced Micro Devices by 74,838 shares. For Alphabet, the move suggests Wood remains focused on long-term growth themes tied to AI infrastructure and digital platforms.
