Cathie Wood’s ARK Invest Adjusts Portfolio: Buys Figma, Sells Roku and Genius Sports

Cathie Wood's ARK Invest made significant portfolio adjustments on September 4, capitalizing on market movements. The firm acquired 108,238 shares of Figma (FIG) for approximately $7.37 million, seizing the opportunity after the stock plunged nearly 20% following weak Q2 results. Figma, a cloud-based design developer, now joins Wood's growing list of strategic holdings.

ARK Invest also continued its accumulation of Intellia Therapeutics (NTLA), purchasing 131,700 shares worth $1.5 million. This MOVE underscores Wood's conviction in the biotech sector, a theme consistent with her long-term investment strategy.

On the selling side, ARK Innovation ETF (ARKK) offloaded 26,465 shares of Roku (ROKU) for $2.60 million, extending a recent trend of trimming its position in the TV streaming giant. Despite the sales, ROKU remains ARK's second-largest holding with a 5.18% portfolio weighting. The firm also divested 428,277 shares of Genius Sports (GENI) for roughly $5.59 million, signaling a shift away from the sports data provider.