Cathie Wood’s ARK Invest Shifts Focus to Tech and Healthcare with Deere, ATAI Purchases
Cathie Wood's ARK Invest made significant portfolio adjustments on October 17, emphasizing tech and healthcare stocks. The ARK Autonomous Technology & Robotics ETF (ARKQ) and ARK Space Exploration ETF (ARKX) acquired 9,386 shares of Deere & Co. (DE) worth $4.29 million, highlighting the firm's interest in AI-driven agricultural innovation.
ARK Genomic Revolution ETF (ARKG) added 725,281 shares of ATAI Life Sciences (ATAI), a mental health biotech firm, for $3.97 million. This MOVE aligns with Wood's strategy of backing disruptive technologies. Meanwhile, ARK trimmed positions in Rocket Lab (RKLB) and other biotech stocks, signaling a tactical reallocation.