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BTCC / BTCC Square / Global Cryptocurrency /
ARK Invest Reallocates Portfolio: Buys Figma, Exits DraftKings

ARK Invest Reallocates Portfolio: Buys Figma, Exits DraftKings

Author:
Global Cryptocurrency
Published:
2026-02-20 12:12:02
6
1
BTCCSquare news:

Cathie Wood's ARK Invest made significant portfolio adjustments on February 19, 2026, with a $24 million purchase of Figma shares leading the charge. The cloud-based design platform saw its stock rise 6.9% following strong Q4 earnings that surpassed analyst expectations.

The firm simultaneously exited positions in DraftKings, selling $10.8 million worth of shares in the gaming platform. This continues ARK's steady divestment from DKNG, reflecting shifting priorities in its disruptive innovation thesis.

Other notable moves included a $6.5 million position in Compass Pathways, acquired during a dip following a share offering, and a $2.9 million purchase of Recursion Pharmaceuticals despite Nvidia's complete exit from the stock.

Figma CEO Dylan Field addressed AI concerns head-on, positioning the company's new 'Make' tool as an AI-powered growth driver rather than a defensive measure. The platform will implement usage-based pricing for AI features starting March 2026.

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