ARK Invest, led by Cathie Wood, disclosed significant portfolio shifts on Tuesday, purchasing approximately $12.2 million worth of SpaceX shares across its actively managed ETFs while trimming positions in several crypto-adjacent companies. The firm acquired 105,108 SpaceX shares as the stock traded at $116.41, despite a 29% decline over the past month, signaling continued conviction in the space technology firm.
Simultaneously, ARK reduced its holdings in Block Inc., selling roughly $2.3 million of shares, along with about $1.6 million of Bullish and $4 million of Robinhood Markets. These sales were part of routine rebalancing to keep any single position from exceeding 10% of a fund’s assets. Robinhood shares fell 3% to $92.76, while Bullish slipped 0.48% to $22.69; Block closed 2.29% higher at $83.10.
ARK also made smaller purchases, including roughly $289,000 in Bitmine shares and nearly $33,000 in the 3iQ Solana Staking ETF, maintaining minimal exposure to digital assets. The moves reflect ARK’s ongoing strategy of building conviction in disruptive technologies like SpaceX during price weakness, while fine-tuning allocations in fintech and crypto-related equities.
