Cathie Wood’s ARK offloads Intuit stock, buys into AeroVironment

Cathie Wood’s ARK ETFs reported their daily trades for Thursday, 17 April 2025, with a mix of buys and sells across various sectors. Leading the transactions was the sale of shares in Intuit Inc (NASDAQ:INTU), which saw ARK’s Financial ETF (ARKF) offloading 4,184 shares for a total dollar value of approximately $2,460,526. This move marked a significant divestment from the financial software company, signaling a possible shift in ARK’s investment strategy.

On the purchasing side, ARK’s Space Exploration & Innovation ETF (ARKX (NYSE:ARKX)) acquired 4,284 shares of AeroVironment Inc (NASDAQ:AVAV), a company specializing in unmanned aerial vehicles, with a total dollar value of $616,082. This acquisition continues a recent trend of ARK increasing its stake in AeroVironment, as the ETF had previously bought shares of the company earlier in the week.

Another notable trade was ARK’s sale of 18,832 shares of Kratos Defense and Security Solutions Inc (NASDAQ:KTOS) through its ARKX ETF, totaling $626,540. This follows a pattern of reducing exposure to the defense contractor, which has been observed over the past few days.

In the cryptocurrency space, ARK sold 39,575 shares of ARK 21Shares Bitcoin ETF (ARCA:ARKB) through its ARKW ETF, amounting to $148,974. This sale comes after a similar transaction the previous day, indicating a consistent reduction in ARK’s Bitcoin-related holdings.

Additionally, ARK’s Genomic Revolution ETF (ARKG) parted with a relatively small number of shares, selling 1,040 shares of Repare Therapeutics Inc (NASDAQ:RPTX) for just $1,195. This continues a sell-off trend in Repare Therapeutics that has been evident throughout the week.

On the flip side, ARK has shown a growing interest in the 3IQ Solana Staking ETF (SOLQ.U), purchasing a total of 475,000 shares split evenly between its ARKW and ARKF ETFs. This follows a similar pattern of investment from the previous day, doubling down on their bet on the cryptocurrency space despite the sale of their Bitcoin ETF holdings.

Investors following ARK’s trades can see a pattern of divesting from certain technology and defense stocks while increasing positions in specific ETFs and aerospace companies. These moves reflect ARK’s dynamic and responsive investment approach as they navigate the fluctuating market landscape.

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