Cathie Wood’s ARK sells GitLab stock, buys ARK 21Shares Bitcoin ETF

Published 29/11/2025, 02:04
Cathie Wood’s ARK sells GitLab stock, buys ARK 21Shares Bitcoin ETF

Cathie Wood’s ARK ETF published their daily trades for Friday, November 28th, 2025, revealing significant moves in their portfolio. The most notable trade was the substantial sale of 208,528 shares of GitLab Inc (NASDAQ:GTLB) across its ARKK and ARKW ETFs, totaling a dollar value of $8,459,980. This continues a trend of ARK reducing its position in GitLab over the past week, indicating a strategic shift or profit-taking from this investment.

In contrast, ARK increased its exposure to the ARK 21Shares Bitcoin ETF (BATS:ARKB) by purchasing a total of 70,125 shares through its ARKW and ARKF ETFs, with a combined dollar value of $424,886. This marks a consistent accumulation of the Bitcoin ETF throughout the week, reflecting ARK’s bullish stance on cryptocurrency.

The ETF also made a significant sale of 89,446 shares of Iridium Communications Inc (NASDAQ:IRDM) across its ARKK, ARKQ, and ARKX ETFs, amounting to $1,470,492. This follows a pattern of reducing their stake in Iridium over the last several days.

Additionally, ARK sold 22,281 shares of Ibotta Inc (NYSE:IBTA) for $522,935 and 918 shares of Exact Sciences Corp (NASDAQ:EXAS) for $93,131, continuing its recent pattern of decreasing positions in these stocks.

On the buying side, ARK added 6,363 shares of Kodiak AI Inc (NYSE:KDK) through its ARKQ ETF, valued at $38,814, although this represents a smaller investment compared to other trades.

These trades illustrate ARK’s ongoing strategy to adjust its portfolio in response to market conditions and investment opportunities. Investors will be keenly observing how these moves align with broader market trends and ARK’s investment thesis under Cathie Wood’s leadership.

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

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