ARK Invest Adjusts Portfolio: Trims Tech Holdings, Boosts Biotech and Cloud Software

Cathie Wood's ARK Invest executed significant portfolio rebalancing on August 21, reducing exposure to high-profile tech stocks while increasing positions in biotech and cloud software companies. The ARK Fintech Innovation ETF sold $1.57 million worth of Robinhood shares and $1.43 million in Roku stock, following a $7.12 million Roku sale the previous day. Shopify holdings were also trimmed by $1.61 million.

ARK's most substantial MOVE was acquiring 138,706 shares of PagerDuty, signaling confidence in the cloud software sector. The fund simultaneously expanded its position in gene-editing firm Intellia Therapeutics, reinforcing Wood's longstanding bet on disruptive biotechnologies.

These adjustments reflect a strategic pivot away from consumer-facing tech platforms toward enterprise software and cutting-edge medical innovations. The trades occurred amid broader market volatility, with growth stocks facing pressure from rising interest rates and macroeconomic uncertainty.