This article first appeared on GuruFocus.
Cathie Wood’s ARK Invest continued its portfolio reshaping last week, focusing on innovation themes while trimming exposure to more mature tech names. The flagship ARK Innovation ETF (ARKK), along with ARKW and ARKF, sold approximately $12.7 million in Meta Platforms (NASDAQ:META) shares, reflecting a broader rotation away from large-cap social media and tech giants.
While reducing Meta, ARK added positions in cutting-edge sectors like advanced air mobility and autonomous transport. The ARK Space Exploration & Innovation ETF (ARKX) picked up shares of Joby Aviation (NYSE:JOBY) and Archer Aviation (NYSE:ACHR), developers of electric vertical takeoff and landing aircraft, as well as Deere & Company (DE), emphasizing automation in construction and agriculture.
Other trimmed positions included Roku (ROKU) and Palantir Technologies (NASDAQ:PLTR), reinforcing the strategy of moving capital from established tech into emerging innovation. Wood’s moves signal ARK’s continued focus on long-term disruptive growth while scaling back on companies like Meta that have matured in the market cycle.