Cathie Wood's Ark Invest Adjusts Portfolio: Adds Meta, Rocket Lab; Reduces Holdings in Tempus AI and CrowdStrike
Ark Invest increased its exposure to technology, biotechnology, and space sectors last week. The firm added over 51,000 shares of Meta Platforms (META) for $38.2 million and approximately 360,000 shares of Rocket Lab (RKLB) valued at $25.9 million. These moves reflect a strategic shift toward high-growth areas within the tech industry. Conversely, Ark Invest reduced its stake in Tempus AI by more than 147K shares and cut holdings in CrowdStrike by over 30K shares. The adjustments suggest a reassessment of certain artificial intelligence and cybersecurity investments as part of portfolio rebalancing efforts. The changes highlight the firm's continued focus on innovation-driven sectors, with significant capital being allocated to companies positioned for long-term growth.
Topics: Ark Invest Biotechnology Cathie Wood Meta Platforms (META) Rocket Lab (RKLB) Technology