This article first appeared on GuruFocus.
Cathie Wood’s ARK Invest shifted cash into several large-cap technology names and AI-linked growth stocks while trimming exposure to semiconductors and crypto-related products, according to the funds’ latest trade data.
The buying was led by Intellia Therapeutics (NASDAQ:NTLA), where ARK added about 3.41 million shares across ARKG and ARKK, worth more than $43 million. The firm also built a new position in CoreWeave (NASDAQ:CRWV), buying 162,000 shares through ARKK and ARKW.
ARK increased exposure to Alphabet (NASDAQ:GOOG) by more than 124,000 shares across several funds, and added about 47,000 shares of Meta Platforms (NASDAQ:META). The moves suggest Wood is leaning further into AI infrastructure and digital advertising names.
At the same time, ARK reduced some semiconductor exposure. The funds sold a combined 208,000 shares of Advanced Micro Devices (NASDAQ:AMD), valued at roughly $72 million, extending a recent trend of lighter positioning in the chipmaker. It also trimmed a bitcoin exchange-traded fund, alongside smaller cuts in other holdings.
