Cathie Wood’s Bold Move: Loading Up on KLAR, FIG, TEM IPO Stocks While Dumping Tempus AI

Cathie Wood just made waves with her latest portfolio shuffle—doubling down on red-hot IPO plays while cutting ties with artificial intelligence darling Tempus AI.

The ARK Invest CEO's signature contrarian bet signals conviction in these freshly public names, even as broader markets wobble. Wood's track record for spotting disruptive trends early means Wall Street watches her every move—though her picks sometimes feel more like high-stakes roulette than calculated investing.

KLAR, FIG, and TEM now sit prominently in ARK’s innovation-focused ETFs, absorbing millions in fresh capital. Meanwhile, Tempus AI gets the cold shoulder—a surprising pivot given Wood’s longtime AI evangelism.

It’s another classic Cathie play: zig when others zag, and never mind the volatility. Because in today’s market, why settle for sensible returns when you can chase exponential moonshots?

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The ARK Innovation ETF (ARKK) and the ARK Genomic Revolution ETF (ARKG) sold a combined 58,629 shares of AI-driven health tech company Tempus AI, worth $4.6 million. Wood also reduced positions in Kratos Defense (KTOS) and Rocket Lab (RKLB).

Wood Eyes IPO Stocks

The largest trade of the day was the purchase of 286,026 shares of Klarna Group Plc. (KLAR), valued at $13.1 million. Klarna is a Swedish buy now, pay later giant and counts the U.S. as its second-largest market.

The company debuted on the Nasdaq on September 10 in the year’s biggest U.S. IPO to date. Shares surged over 30% on the first trading day. The ARK Fintech Innovation fund (ARKF) had already purchased about $9 million worth of Klarna shares on the previous day, underscoring Wood’s bullish view on the company’s growth potential.

Additionally, the ARK Next Generation Internet ETF (ARKW) continued to accumulate shares of design software firm Figma (FIG), buying 85,535 shares for $4.4 million. Meanwhile, the ARKF ETF added $1.8 million in shares of newly-listed crypto-trading platform Bullish (BLSH).

Wood also made other purchases on Thursday, acquiring 13,087 shares of e-commerce giant Amazon (AMZN) for $3 million, 35,309 shares of brokerage platform eToro Group Ltd (ETOR) for $1.5 million, and acquiring 78,149 shares of cloud-based restaurant management software provider Toast (TOST) for approximately $3.1 million.

Overall, these trades suggest a strategic pivot by Wood, moving away from biotech stocks and focusing more on newly listed companies. Here’s how these stocks perform on TipRanks’ Stock Comparison Tool: