Following Cathie Wood: Aggressively buying crypto assets, adding positions in CoreWeave and Google, while massively selling online gambling and ad stocks

Overnight, as the market style shifted to cyclical and value stocks, coupled with a new wave of selling in 'AI taking jobs' software stocks and escalating tensions between the US and Iran, all three major indices fell across the board.

Against this backdrop, Cathie Wood's ARK Invest once again initiated widespread buying, but with a notably distinctive operating style:While firmly maintaining long positions in cryptocurrencies and AI infrastructure, significant profit-taking or stop-loss operations were executed on some consumer and gaming stocks.

Direction of increased positions: Aggressively buying crypto assets and increasing exposure to AI infrastructure.

The direction of Ark's purchases today is extremely clear, with funds almost exclusively concentrated incryptocurrenciesandcore technology infrastructureUp.

Cryptocurrency ecosystem: This is the sector that saw the most aggressive increase in positions today, showing ARK's strong bullish stance on the crypto cycle.

1. Coin-hoarding stocks and exchanges: $Bitmine Immersion Technologies (BMNR.US)$ Topping the buy list, aggressively purchasing 145,500 shares;

2. Bitcoin spot: Directly buying its own Bitcoin ETF $ARK 21Shares Bitcoin ETF (ARKB.US)$ 135,100 shares.

3. Fintech Bridge: Increased holdings by $Bullish (BLSH.US)$ 125,200 shares, $Robinhood (HOOD.US)$ 89,700 shares, and $Block (XYZ.US)$ 31,200 shares, while also allocating to stablecoin giant $Circle (CRCL.US)$ and exchange $Coinbase (COIN.US)$ 。

AI and the Metaverse:

1. The First Metaverse Stock: $Roblox (RBLX.US)$ were increased by 120,800 shares, showing confidence in the virtual economy.

2. AI Computing Power: Buy $CoreWeave (CRWV.US)$51,000 shares, this is a direct bet on the explosion of AI computing power rental demand.

3. SaaS and Development: Increased holdings by $Gitlab (GTLB.US)$ and $Datadog (DDOG.US)$ , solidifying investment in the developer ecosystem.

4. Large-cap base holdings: $Alphabet-C (GOOG.US)$ received a small increase in position 12,600 shares. Unlike the aggressive buying of cryptocurrencies, ARK's operation on Google is more like a 'defensive allocation.' While embracing high-volatility assets, retaining Google as the 'anchor' in the AI field to maintain portfolio balance.

Direction of reduction: Selling online gambling and advertising stocks

The selling side is equally aggressive, mainly focusing on unloading previously popular consumer and entertainment stocks, showing clear sector rotation.

Online gambling:

$DraftKings (DKNG.US)$: Today's largest reduction operation, with a single-day sell-off as high as785,500 shares. Such a large reduction suggests ARK's concerns about the stock’s short-term overvaluation or regulatory risks, with a clear intention to recoup funds.

Advertising and media:

Discovery Ltd: Reduction of423,900 shares。

$The Trade Desk (TTD.US)$ : Sell196,900 shares. As the leader in ad tech, this move might be aimed at locking in profits ahead of earnings season.

Consumer Discretionary & Others:

$Airbnb (ABNB.US)$ : Reduce holdings 166,200 shares, showing caution towards the travel and consumer spending market.

Genomics & Healthcare: Continued to cut down $Illumina (ILMN.US)$ and $Guardant Health (GH.US)$ 's position.

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