Cathie Wood's Ark Invest Adds $25M in CoreWeave While Trimming Bitcoin ETF Exposure
Last week, Cathie Wood’s investment firm, Ark Invest, made significant portfolio adjustments. The company added approximately $25 million worth of shares in cloud infrastructure provider CoreWeave (CRWV), acquiring around 239K shares. This move reflects a growing interest in AI and cloud computing sectors. In contrast, Ark reduced its exposure to crypto assets by trimming about $40 million from Bitcoin ETFs held within the ARKK fund. The firm also increased investments in healthcare while scaling back positions across genomics and technology stocks. These changes highlight shifting strategic priorities amid evolving market dynamics. The adjustments may signal a broader reallocation of capital toward AI infrastructure, which is gaining traction as demand for cloud computing surges.
Topics: AI infrastructure Ark Invest Cathie Wood CoreWeave portfolio management