Cathie Wood Adjusts ARK Invest Portfolio: Boosts Intellia and L3Harris, Trims Kratos

Cathie Wood's ARK Invest ETFs executed strategic portfolio adjustments on September 29, revealing a shift in defense sector exposure. The firm increased positions in Intellia Therapeutics (NTLA) and L3Harris Technologies (LHX) while continuing to reduce its stake in Kratos Defense and Security Solutions (KTOS).

The ARK Space Exploration & Innovation ETF (ARKX) sold $3.78 million worth of Kratos shares, following a $5.97 million divestment the previous day. This contrasts with ARKX's $2.19 million acquisition of L3Harris shares, underscoring Wood's thematic pivot toward established defense contractors. L3Harris recently secured a $93 million military contract, reinforcing its position in the sector.

Year-to-date performance highlights the divergence: Kratos has surged 234% while L3Harris gained 43%. Wood's simultaneous purchases of Deere & Co. (DE) and Honeywell International (HON) suggest a broader recalibration of industrial exposures.