Cathie Wood’s Ark Shifts from Meta to Tech Growth Plays
Ark Investment Management made bold portfolio moves this week, liquidating over $15 million in Meta Platforms shares while building positions in The Trade Desk and Baidu. The firm's flagship Ark Innovation ETF continues its 2025 outperformance with a 42.18% YTD gain—more than double the S&P 500's 16.81% return.
Notable sales included Meta across ARKK and ARKW funds, along with a $14 million divestment of Iridium Communications. The biotech sector saw reductions as Ark's Genomic Revolution ETF shed $3 million of Adaptive Biotechnologies.
Wood's strategy emphasizes rotation into disruptive tech, with $15 million each allocated to programmatic advertising platform The Trade Desk and Chinese tech giant Baidu. The moves come as Ark Innovation seeks to maintain momentum despite a -6.45% five-year annualized return.
