Cathie Wood’s ARK ETF bolsters positions in Datadog, Deere stock

Cathie Wood’s ARK ETFs have disclosed their daily trades for Monday, February 24th, 2025, with significant activity across a range of technology and industrial companies. Leading the pack with the highest dollar-value purchase was DEERE & CO (NYSE:DE), with ARK’s ARKK ETF acquiring 10,271 shares worth approximately $5,032,584. This move underscores ARK’s confidence in the industrial sector, particularly in companies that are integrating technology to revolutionize traditional industries.

Following closely was DATADOG INC (NASDAQ:DDOG), a cloud-computing company, with ARK’s ARKW ETF purchasing 15,597 shares valued at $1,866,025. This trade indicates ARK’s ongoing investment in cloud infrastructure and analytics platforms, which are central to the digital transformation of businesses.

Another notable transaction involved IRIDIUM COMMUNICATIONS INC (NASDAQ:IRDM), with ARK’s ARKK ETF adding 108,803 shares for a total value of $3,381,597. This investment reflects ARK’s interest in the communications sector, particularly in companies providing advanced satellite services.

The fund also made a smaller purchase in the e-commerce giant AMAZON.COM INC (NASDAQ:AMZN), with the ARKF ETF buying 2,549 shares, amounting to $552,062. This buy, although not as large as the others, demonstrates ARK’s sustained belief in the long-term growth potential of leading online retail platforms.

Examining the trading patterns over the past week, ARK has shown a recurring interest in BEAM THERAPEUTICS INC (NASDAQ:BEAM), with consistent purchases across multiple days, signaling a strategic accumulation of the stock. On the other hand, ARK has been divesting from ADAPTIVE BIOTECHNOLOGIES CORP (NASDAQ:ADPT), suggesting a reallocation of resources within its portfolios.

Investors and market observers often monitor ARK’s trades closely due to Cathie Wood’s reputation for identifying disruptive innovation and growth opportunities. Today’s trades provide a glimpse into the fund’s current strategic direction, favoring companies at the forefront of technological advancements and infrastructure development. As always, these daily trade updates offer valuable insights into the evolving investment landscape and the sectors that ARK ETFs are targeting for potential growth.

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