Cathie Wood's ARK Sells Chip Giants, Buys The Dip In Crypto Exchange Bullish And Two Others

The company also bought 105,810 shares of Twist Bioscience for ARKK, its largest single-stock transaction over the past two days.

• On Thursday and Friday, Cathie Wood’s ARK Invest aggressively bought Bullish shares, purchasing more than 164,000 shares of Bullish across ARKK, ARKW, and ARKF.
• The firm also cut two large semiconductor names, selling 2,131 shares of Taiwan Semiconductor on Thursday and 1,859 shares of Advanced Micro Devices on Friday, both from the ARKW fund.
• In its first large bet on Nvidia rival Cerebras Systems, ARK bought 38,646 shares for ARKK and 3,480 for ARKW on Friday.

Cathie Wood’s ARK Invest rebalanced its actively managed exchange-traded funds on two consecutive days this week, cutting positions in two of the world’s largest semiconductor names while adding to positions in crypto exchange Bullish (BLSH). 

The firm purchased 99,580 shares of BLSH for its flagship ARK Innovation ETF (ARKK), which accounts for 0.06% of the fund. ARK also increased its stake in BLSH by 27,057 shares in the ARK Next Generation Internet ETF (ARKW) and by 12,480 shares in the ARK Fintech Innovation ETF (ARKF), with both stakes accounting for about 0.056% of each fund.

The buying binge was among the largest one-day allocations by ARK to a crypto-related equity, reinforcing Wood’s long-standing thesis on digital asset infrastructure and exchanges. ARK sold 2,131 shares of Taiwan Semiconductor Manufacturing (TSM) from ARKW, representing 0.05% of the fund.