BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Cathie Wood’s ARK Invest Adjusts Portfolio, Trims Tempus AI and Roku Stakes
Cathie Wood’s ARK Invest Adjusts Portfolio, Trims Tempus AI and Roku Stakes
17
3
BTCCSquare news:
Cathie Wood's ARK Invest ETFs made significant portfolio adjustments on September 23, continuing to reduce exposure to Tempus AI (TEM) and Roku (ROKU). The ARK Innovation ETF (ARKK) sold 62,352 shares of Tempus AI, valued at $5.35 million, as the stock has surged nearly 150% year-to-date. Concerns over high valuation and uncertain growth prospects post-Ambry acquisition likely drove the decision.
ARKK also offloaded 46,876 shares of Roku, capitalizing on the stock's 33% year-to-date rally. Roku now ranks as the fourth-largest holding across ARK's portfolios, down from third, with a 4.67% weighting. On the buy side, Wood added to positions in SPAC Ares Acquisition Corporation II (AACT), signaling a strategic pivot.
By:
