ARKK’s Tech Bets: Over 500k Roblox Shares Purchased, 1.24M Robinhood Shares Sold
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ARKK’s Tech Bets: Over 500k Roblox Shares Purchased, 1.24M Robinhood Shares Sold

Cathie Wood's ARK Innovation ETF (ARKK) had an active trading week, with notable transactions including the purchase of over 500k Roblox shares and the sale of 1.247 million shares of Robinhood Markets.
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Cathie Wood’s ARK Innovation ETF (ARKK) had an active week of trading, with a mix of buying and selling across various holdings. The ETF, known for its focus on disruptive technology companies, made significant moves in several key positions.

ARK Innovation ETF Purchased Over 500,000 Roblox Shares this Week

One of the most notable transactions was the purchase of over 500,000 shares of Roblox (NYSE: RBLX) on March 25, representing a 0.2375% increase in the ETF’s holdings. 

The gaming platform has been a popular investment for ARKK, with additional purchases of 21,508 shares on March 26 and 1,845 shares on March 27. Other significant buys included Tesla (NASDAQ: TSLA), with 133,334 shares added on March 25, and Recursion Pharmaceuticals (NASDAQ: RXRX), with 609,626 shares purchased on March 26.

ARK Innovation ETF Sold Over 1.24 Million Robinhood Shares this Week

However, the ETF also made some substantial sales during the week. Robinhood Markets (NASDAQ: HOOD) saw the largest reduction, with 1.247 million shares sold on March 25, representing a 0.3027% decrease in ARKK’s holdings.

Other notable sells included Zoom Video Communications (NASDAQ: ZM) and Coinbase Global (NASDAQ: COIN), with 154,601 and 57,652 shares sold, respectively, on March 25. Twilio (NYSE: TWLO) also experienced a sell-off, with 104,425 shares sold on March 22 and an additional 22,835 shares sold on March 25.

Despite the sales, ARKK continued to invest in several of its key holdings. 10x Genomics (NASDAQ: TXG) saw multiple purchases throughout the week, with 53,886 shares added on March 25, 91,659 shares on March 26, and 26,811 shares on March 27. Twist Bioscience (NASDAQ: TWST) also experienced consistent buying, with purchases made on all three trading days. Other buys included Pacific Biosciences of California (NASDAQ: PACB), Intellia Therapeutics (NASDAQ: NTLA), and Roku (NASDAQ: ROKU).

Disclaimer: The author does not hold or have a position in any securities discussed in the article.