Cathie Wood’s ARK buys AMD and CRISPR, sells Tesla stock

Published 28/05/2025, 01:04
© REUTERS

Cathie Wood’s ARK ETF published their daily trades for Tuesday, May 27th, 2025, showcasing a series of strategic moves across various sectors. Leading the buying activity, ARK added a substantial number of shares to its holdings in Advanced Micro Devices Inc (NASDAQ:AMD) and CRISPR Therapeutics AG (NASDAQ:CRSP), while on the selling side, the firm reduced its exposure to Tesla Inc (NASDAQ:TSLA) among others.

In a significant transaction, ARK purchased 97,068 shares of semiconductor leader Advanced Micro Devices Inc (NASDAQ:AMD), split between its ARKK and ARKW ETFs, amounting to over $10.7 million. This move indicates a bullish stance on AMD, reflecting confidence in the company’s growth prospects in the competitive chip industry.

Another major investment was in the biotechnology sector, where ARK bought 262,459 shares of CRISPR Therapeutics AG (NASDAQ:CRSP), valued at approximately $9.67 million. The gene-editing company has been a recurring interest for ARK, as this purchase adds to the recent accumulation of CRSP shares, signaling ARK’s sustained belief in the potential of CRISPR’s technology.

ARK also showed interest in defense and aerospace, buying shares of BWX Technologies Inc (NYSE:BWXT), L3Harris Technologies Inc (NYSE:LHX), and Iridium Communications Inc (NASDAQ:IRDM), with the total dollar values of these trades being $2.48 million, $1.47 million, and $464,048 respectively.

Conversely, ARK decided to offload 273,377 shares of electric vehicle giant Tesla Inc (NASDAQ:TSLA), resulting in a sale worth close to $9.29 million. This sell-off is part of a broader trend of ARK reducing its position in Tesla, a stock that has been a significant holding in ARK’s portfolios.

Other notable sales included 58,477 shares of CoreWeave Inc (NASDAQ:CRWV) for approximately $6 million and 1,362,291 shares of 3D Systems Corp (NYSE:DDD) totaling over $2.19 million, suggesting ARK is rebalancing its portfolio away from these companies.

Smaller yet strategic buys included 10,739 shares of Illumina Inc (NASDAQ:ILMN), 18,400 shares of Iridium Communications Inc (NASDAQ:IRDM), 6,200 shares of L3Harris Technologies Inc (NYSE:LHX), and 50,066 shares of Intuitive Machines Inc (NASDAQ:LUNR). These trades, while not as substantial in dollar value, indicate ARK’s targeted approach to investing in innovative and potentially disruptive firms.

The daily trade report also showed ARK selling shares of UiPath Inc (NYSE:PATH), Roblox Corp (NYSE:RBLX), and Adaptive Biotechnologies Corp (NASDAQ:ADPT), with total dollar values of $1.69 million, $7.86 million, and $2.52 million, respectively.

Investors following ARK’s trades may take note of these patterns, as the fund continues to navigate the evolving market landscape, emphasizing its commitment to innovation and growth potential across various industries.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.