Cathie Wood’s ARK sells Roblox, buys DraftKings and L3Harris stock

Published 15/10/2025, 01:02
© Reuters

Cathie Wood’s ARK ETFs have made several significant trades on Tuesday, October 14, 2025, adjusting their portfolios across various sectors. The largest transaction of the day involved a purchase of 236,289 shares of DraftKings Inc (NASDAQ:DKNG), a digital sports entertainment and gaming company, with a total dollar value of $7,934,584. This move suggests a bullish stance on the online betting industry.

In another notable trade, ARK’s funds added 8,901 shares of L3Harris Technologies Inc (NYSE:LHX), an aerospace and defense technology innovator, amounting to $2,611,731. This acquisition aligns with ARK’s focus on investing in disruptive technologies and companies poised for growth.

On the sell side, ARK divested 30,276 shares of Roblox Corp (PRE-REINCORPORATION) (NYSE:RBLX), a platform for user-generated games, for a total of $3,882,594. This sale follows a trend observed from the previous week’s trading activity, where ARK has consistently reduced its position in Roblox.

Additionally, ARK sold 53,917 shares of Rocket Lab Corp (NASDAQ:RKLB), a company specializing in space launch services and spacecraft manufacturing, with a sale value of $3,527,250. This move could indicate a strategic shift or a response to market conditions affecting the space industry.

Other transactions included buying 4,823 shares of DoorDash Inc (NYSE:DASH), a food delivery service, for $1,319,186, and 2,966 shares of Deere & Co (NYSE:DE), a leading manufacturer of agricultural machinery, for $1,302,400. These purchases reflect ARK’s continued interest in tech-enabled services and industrial innovation.

ARK also sold 3,890 shares of AeroVironment Inc (NASDAQ:AVAV), a company that designs and manufactures unmanned aircraft systems, totaling $1,594,238. Furthermore, the fund continued to reduce its holdings in Brera Holdings PLC (SLMT), selling 23,659 shares for $367,187, which continues a sell-off trend from the previous week.

Investors following ARK’s ETFs will note these trades as part of Wood’s strategy to capitalize on disruptive innovation and shifting market dynamics. While the daily trades provide insight into ARK’s immediate actions, the trends over time offer a broader view of the fund’s long-term investment strategy.

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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