Cathie Wood is not sitting still. Her flagship ARK Innovation ETF just executed a sharp pivot, unloading 415,844 shares of Circle Internet Group ($CRCL) and redeploying capital into a fresh batch of tech names. The move comes after CRCL’s IPO exploded more than 7x in value since its debut earlier this month. ARK took the win and walked.
The buying spree was not subtle. ARKK picked up 319,640 shares of Robinhood ($HOOD), 130,256 shares of Advanced Micro Devices ($AMD), 112,658 shares of Shopify ($SHOP), and 65,102 shares of Taiwan Semiconductor ($TSM). That is not a hedge. That is a rotation.
Robinhood closed the day at $76.35, down 2.7% on volume north of 35 million shares. Post-market, it bounced to $77.98. ARK’s buy-in totaled over $25 million. AMD, meanwhile, ended regular trading at $129.58 and climbed to $132.53 after hours. ARK’s stake in AMD added another $16.7 million to the ledger. Shopify jumped 3.3% to $109.98 and kept climbing post-close. TSM ticked up to $210.32 and continued to $212.88 after hours. All four names are riding momentum, and ARK is leaning in.
The CRCL exit was just as deliberate. The fund sold nearly $100 million worth of shares across three ETFs. Circle’s stock has been on a tear since its IPO, opening at $31 and peaking above $210. ARK’s exit locks in a massive gain and frees up capital for higher-conviction bets. The firm has been trimming CRCL for days. This was the final cut.
ARK is betting on liquidity, scale, and platform leverage. Robinhood is expanding into retirement accounts. AMD is pushing deeper into AI chips. Shopify is riding the e-commerce rebound. TSM is the backbone of global semiconductors. These are not moonshots. These are infrastructure plays.
The fund itself is holding steady. ARKK closed at $68.85, up 1.6% on the day. Post-market, it ticked to $69.75. Volume topped 21 million shares. The ETF is now up nearly 30% year to date and sitting just below its 52-week high.
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