Cathie Wood doubled down on her highest-conviction themes in the final week of July, making SpaceX (NASDAQ:SPCX) her biggest purchase with a roughly $26 million buy across four ARK ETFs — ARK Innovation ETF (BATS:ARKK), ARK Space Exploration & Innovation ETF (BATS:ARKX), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) and ARK Next Generation Internet ETF (BATS:ARKW).
The purchase comes just as SpaceX is set to report its first earnings as a publicly traded company on Tuesday.
Separately, Wood snapped up $15.5 million worth of CoreWeave Inc (NASDAQ:CRWV) shares after its pullback, and added $14.3 million worth of Tesla, Inc (NASDAQ:TSLA).
Ark also increased exposure to Nvidia Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturng Co Ltd (NYSE:TSM), Meta Platforms, Inc (NASDAQ:META), and several defense names including Rocket Lab Corp (NASDAQ:RKLB), Kratos Defense & Security Solutions Inc (NASDAQ:KTOS), L3harris Technologies, Inc (NYSE:LHX) and Intuitive Machines Inc (NASDAQ:LUNR).
Trimmings included Shopify Inc (NASDAQ:SHOP), Snowflake Inc (NYSE:SNOW), Robinhood Markets Inc (NASDAQ:HOOD), Alphabet, Inc (NASDAQ:GOOGL), and Amazon.com, Inc (NASDAQ:AMZN), among others, highlighting a rotation away from software and e-commerce toward AI infrastructure, commercial space, defense and autonomous technologies.
QUICK CONTEXT: Ark Leans Into AI And Space
Wood has consistently used market weakness to build positions in long-term disruptive technologies, with artificial intelligence, autonomous mobility, robotics and commercial space remaining the core pillars of Ark Invest’s strategy.
The latest trades reinforce that conviction, particularly as SpaceX prepares to report its first earnings since becoming a publicly traded company.
SpaceX’s debut earnings report is now a key catalyst not only for the stock but also for ETFs with meaningful exposure to the company. At the same time, Ark’s purchases of CoreWeave, Nvidia and Taiwan Semiconductor underscore its belief that demand for AI computing infrastructure remains intact despite recent volatility.
The simultaneous reductions in software, e-commerce and internet holdings suggest Ark is reallocating capital toward companies it believes are best positioned to benefit from the next phase of AI adoption, increased defense spending and the commercialization of space.
Photo: Ark Invest
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