Tracking Cathie Wood: Continues to increase positions in Circle and SpaceX, significantly reduces Roblox holdings to rebalance portfolio

U.S. stocks closed higher across the board last Friday, led by tech shares. The S&P 500 rose 0.62% to 7,757.64, the Nasdaq surged 1.30% to 26,690.62, and the Dow Jones edged up 0.28% to 54,036.93. Against the backdrop of a broad tech sector recovery, ARK Invest's trading activity that day reflected a clear offensive-and-defensive rhythm.

That day, Cathie Wood increased exposure to crypto-financial infrastructure and frontier hard-tech sectors, while trimming positions in metaverse entertainment and non-core holdings to free up capital and concentrate allocations into high-conviction names.

Symbols

Buying focus: Bolstering positions in crypto infrastructure and frontier hard tech

$Circle (CRCL.US)$ Bought 313,764 shares—the largest purchase on the buy list. Circle, the issuer of the USDC stablecoin, sits at the core of compliant crypto-finance infrastructure. With recent progress in U.S. stablecoin regulatory legislation, market sentiment toward compliant stablecoin-related assets continues to strengthen. ARK’s significant purchase likely reflects its strong conviction in the long-term value of crypto-financial infrastructure.

$SpaceX (SPCX.US)$ Bought 114,815 shares. SpaceX continues advancing its Starship program and expanding Starlink’s global coverage, deepening its moat in commercial spaceflight and satellite internet. ARK’s purchase may aim to capture long-term compounding opportunities at the intersection of embodied intelligence and the space economy.

$Cloudflare (NET.US)$ Bought 114,134 shares. Cloudflare, a global leader in cybersecurity and edge computing, is seeing its growth thesis accelerate amid surging demand for network infrastructure driven by the AI application boom. ARK’s purchase likely reflects confidence in Cloudflare’s widening cybersecurity moat in the AI era.

$Intellia Therapeutics (NTLA.US)$ Bought 89,422 shares. Intellia is a pioneer in in vivo CRISPR gene-editing therapies, with multiple pipeline candidates in pivotal clinical stages. ARK’s consistent long-term commitment to precision medicine suggests this purchase may be an opportunistic move to increase exposure while valuations remain relatively reasonable.

$Coinbase (COIN.US)$ Bought 59,668 shares. As the largest compliant cryptocurrency exchange in the U.S., Coinbase benefits from renewed trading activity and an improving regulatory environment. ARK also bought shares of Circle on the same day—this coordinated positioning may signal bullishness on the broader crypto-finance ecosystem.

$Schrodinger (SDGR.US)$ Bought 29,970 shares. Schrödinger excels with its computation-driven drug discovery platform, which deeply integrates AI with physics-based chemical simulations, making it a dual-theme holding aligned with ARK’s precision medicine and AI investment theses. This purchase may reflect ARK’s continued commitment to the long-cycle opportunity of AI-powered drug development.

$Cerebras Systems (CBRS.US)$ Bought 20,999 shares. Cerebras’ wafer-scale AI chips offer unique technical differentiation in large-scale AI model training and inference. ARK’s purchase may represent a forward-looking bet on diversification within AI computing infrastructure amid NVIDIA’s dominant position.

Selling direction: Adjust metaverse and non-core holdings to optimize portfolio structure

$Roblox (RBLX.US)$ Reduced holdings by 1,599,139 shares on the day—the most significant sale on the sell list. Slowing user growth and uncertain profitability at Roblox may have triggered this large-scale reduction. ARK appears to be systematically rebalancing its exposure to metaverse entertainment, reallocating capital toward AI and crypto sectors with higher conviction.

$AtaiBeckley (ATAI.US)$ Reduced holdings by 158,334 shares. ATAI focuses on psychedelic-based mental health therapeutics, but faces high uncertainty in clinical pipeline progression. This reduction may be part of ARK’s broader biotech portfolio restructuring, concentrating resources on gene-editing assets with higher conviction.

$Snowflake (SNOW.US)$ Sold down 101,539 shares. Snowflake faces ongoing competitive pressure in the cloud data platform space, with growth expectations showing marginal slowdown. ARK’s sale may be part of a portfolio rebalancing move, potentially reallocating capital toward more aggressive positions such as edge computing and cybersecurity.

$Bullish (BLSH.US)$ Sold down 80,574 shares. Bullish, an institutional-grade cryptocurrency exchange, saw ARK simultaneously increase its stake in Coinbase on the same day—an indication that ARK may be making selective position adjustments within the crypto exchange sector, favoring platforms with stronger liquidity and regulatory compliance.

$Iridium Communications (IRDM.US)$ Sold down 13,526 shares. Iridium is an established satellite communications provider, facing mounting market share pressure from SpaceX's Starlink. ARK’s modest reduction may reflect a structural adjustment within its satellite communications holdings, while concurrently increasing direct exposure to SpaceX.

$Brera Holdings (SLMT.US)$ Sold down 3,000 shares—a relatively small amount, likely representing routine minor position adjustments.

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