This article first appeared on GuruFocus.
Cathie Wood’s Ark Invest detailed several moves in its Wednesday trading update, showing a wider rotation across its technology holdings.
The largest purchase involved Bullish (NYSE:BLSH). ARK picked up about four hundred sixty-three thousand shares across ARKK, ARKW, and ARKF, with the trade valued near $17.5 million.
Circle Internet Group (NYSE:CRCL) was another major add. The funds bought more than two hundred sixteen thousand shares, worth roughly $16.5 million. The firm has been consistently adding to this name through the week.
On the selling side, ARK continued to scale back its position in Advanced Micro Devices (NASDAQ:AMD). The funds sold just over seventy-two thousand shares, totaling about $16.6 million.
ARK also boosted its exposure to Bitmine Immersion Technologies (BMNR) with a purchase of around two hundred sixty thousand shares. Smaller trades included modest buying in Klarna Group (NYSE:KLAR) and Shopify (SHOP).
Additional reductions were made in Teradyne (TER), Natera (NASDAQ:NTRA), Pinterest (NYSE:PINS), Iridium Communications (IRDM), and Reddit (RDDT) as ARK shifted capital toward newer themes.