Cathie Wood’s ARK Invest Rebalances Portfolio: Sells Roku, Buys Robinhood and Joby Aviation
ARK Invest, led by Cathie Wood, executed a series of strategic trades on March 6, 2026, as markets navigated geopolitical tensions and economic data. The firm sold $3.17 million worth of Roku shares, continuing a recent trend of trimming its position in the streaming platform. This move signals a deliberate shift away from certain tech holdings.
On the buy side, ARK invested $2.78 million in Joby Aviation, doubling down on electric aviation after the company reported improved quarterly results. The firm also seized a 4% dip in Robinhood's stock to acquire $1.55 million worth of shares, demonstrating confidence in the fintech platform's long-term prospects.
ARK's trading activity reflects a nuanced approach to portfolio management—cutting losses in some areas while capitalizing on opportunities in emerging sectors like electric mobility and digital finance. The moves come amid a cautious market environment, with investors weighing geopolitical risks against technological innovation.
