ARK Invest Adjusts Portfolio: Adds AI, Biotech Exposure While Reducing Holdings in HOOD, TER
Cathie Wood’s ARK Invest adjusted its portfolio last week by increasing exposure to artificial intelligence (AI), biotechnology, and defense technology. The firm made significant purchases of CoreWeave (CRWV) and Veracyte (VCYT). These moves reflect a strategic shift toward sectors expected to benefit from technological advancements. Conversely, ARK reduced its positions in Robinhood Markets (HOOD), Teradyne (TER), and Twist. The decision to cut exposure suggests that the firm is reassessing these holdings due to market performance or changing investment outlooks.
Tickers: $ARKK $CRWV $HOOD $TER $VCYT
Topics: AI stocks Ark Invest biotechnology Cathie Wood defense tech