Cathie Wood’s ARK shifts focus, buys Airbnb and sells Palantir stock

Cathie Wood’s ARK ETFs have reported their daily trades for Monday, April 28th, 2025, with a series of strategic buys and sells that may signal shifting priorities for the investment firm. Leading the day’s transactions was the sale of Palantir Technologies Inc (NYSE:NASDAQ:PLTR) stock, which saw 79,646 shares offloaded across ARK’s ARKW and ARKX (NYSE:ARKX) ETFs, amounting to a substantial $8,982,475. This move was closely followed by a sell-off of Robinhood Markets Inc (NASDAQ:HOOD) shares, totaling 121,099 shares for a value of $5,988,345.

On the buying side, ARK made a notable investment in Airbnb Inc (NASDAQ:ABNB), purchasing 60,068 shares with a dollar value of $7,358,930. This acquisition aligns with previous trades from last week when ARK bought a significant amount of Airbnb shares, indicating a growing confidence in the travel company’s stock. Another major buy was Baidu Inc (NASDAQ:BIDU), where ARK added a combined 85,253 shares through its ARKQ and ARKW ETFs, valued at $7,735,857.

Advanced Micro Devices Inc (NASDAQ:AMD) also caught ARK’s attention, with 39,306 shares acquired for $3,798,924. This purchase builds on a smaller addition of AMD shares from last Wednesday, suggesting a gradual increase in the fund’s stake in the semiconductor company.

Other notable buys included 63,306 shares of GitLab Inc (NASDAQ:GTLB) for $2,985,510 and 48,020 shares of Shopify Inc (NYSE:NASDAQ:SHOP) for $4,663,702, indicating ARK’s ongoing interest in tech-oriented businesses.

Smaller yet strategic acquisitions were made in Intuitive Machines Inc (NASDAQ:LUNR), Intellia Therapeutics Inc (NASDAQ:NTLA), Natera Inc (NASDAQ:NTRA), Pacific Biosciences of California Inc (NASDAQ:PACB), Personalis Inc (NASDAQ:PSNL), Symbotic Inc (NASDAQ:SYM), Teledyne Technologies Inc (NYSE:TDY), and 10X Genomics Inc (NASDAQ:TXG).

On the sell side, ARK also reduced its positions in CRISPR Therapeutics AG (NASDAQ:CRSP), Roblox Corp (NYSE:RBLX), Schrödinger Inc (NASDAQ:SDGR), 21Shares Bitcoin ETF (ARKB), Meta Platforms Inc (NASDAQ:META), UiPath Inc (NYSE:PATH), and Veracyte Inc (NASDAQ:VCYT), with the latter continuing a selling trend from the previous week.

Investors following ARK’s trades should note the firm’s dynamic approach to portfolio management, as evidenced by the mix of buys and sells. The focus on accumulating shares in certain companies while divesting from others reflects ARK’s active strategy to capitalize on market trends and company performance.

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