This article first appeared on GuruFocus.
Cathie Wood made a noticeable pivot Tuesday. ARK Invest sold $7.13 million worth of PagerDuty (NYSE:PD) shares, while quietly adding to robotics play Symbotic (NASDAQ:SYM), signaling where her conviction may be shifting.
ARK offloaded 1,115,771 shares of PagerDuty, making it the fund’s largest trade of the day. It also trimmed DraftKings (NASDAQ:DKNG) by 17,799 shares and Pinterest (NYSE:PINS) by 2,300 shares. At the same time, Wood picked up 15,519 shares of warehouse automation company Symbotic and added 12,546 shares of Kodiak AI (NASDAQ:KDK), doubling down on automation and AI driven infrastructure.
The pattern feels intentional. Wood has long talked about betting on disruptive technologies, but lately the emphasis seems to be moving away from traditional SaaS and consumer internet names and toward physical world automation. Symbotic’s robotics powered warehouse systems sit directly in that lane. Kodiak AI fits her broader thesis around autonomy and intelligent systems reshaping industries.