Cathie Wood’s ARK Invest Makes Selective Moves Amid Market Downturn
ARK Invest founder Cathie Wood executed only three stock purchases last week as markets extended losses for a fourth consecutive week. The firm added to positions in Figma, Arcturus Therapeutics, and 10x Genomics while trimming exposure to crypto-linked Circle Internet Financial and other holdings.
Notably, ARK acquired 337,381 shares of cloud design platform Figma (FIG) worth $8.1 million despite the stock trading 83% below its 2025 peak. The purchase comes as Figma demonstrates resilient fundamentals with 40% quarterly revenue growth.
The limited buying activity during a market pullback marks a departure from Wood's typical strategy of aggressive accumulation during downturns. Simultaneous sales included crypto-adjacent Circle Internet Group shares across ARKK and ARKW ETFs, netting nearly $5.9 million.
