Cathie Wood’s ARK Increases AMD, SoFi, Tesla Holdings, Sells Coinbase Shares

Cathie Wood's ARK Invest has recently rebalanced its portfolio with significant moves reflecting confidence in certain technology and financial innovation stocks while reducing exposure to some cryptocurrency-related assets. ARK notably increased its holdings in semiconductor giant AMD, SoFi Technologies, and Tesla, signaling strong conviction in these growth areas despite mixed analyst outlooks. Conversely, ARK has been systematically trimming its position in Coinbase, continuing a trend of cautiousness toward cryptocurrency exchange platforms. Additionally, ARK executed substantial profit-taking on Circle (CRCL) stock after its remarkable surge post-IPO, selling over $160 million in shares, and reallocating capital into Coinbase and Robinhood to maintain exposure to the digital asset ecosystem. These strategic trades highlight ARK's disciplined approach to managing risk and capitalizing on gains within the evolving tech and crypto markets. Investors should watch these moves as indicators of broader trends in innovation-focused investing and digital finance.