Cathie Wood Doubles Down On Netflix And Robinhood — Dumps AMD, Shopify Stakes

This article first appeared on GuruFocus.

Cathie Wood’s Ark Invest made several major portfolio adjustments last week, expanding exposure to technology, AI, and biotech names while reducing holdings in some U.S. growth stocks

The firm added to Robinhood Markets (NASDAQ:HOOD), investing roughly $21 million across its flagship ETFs as part of a renewed push into fintech. Ark also initiated a position in Netflix (NASDAQ:NFLX), purchasing about 15,700 shares valued near $17 million after the streaming company’s recent stock pullback. Netflix now holds a small position within the ARK Next Generation Internet ETF.

In China’s tech sector, Ark increased its stake in Baidu (NASDAQ:BIDU) and added more than 61,000 shares of Alibaba (BABA), reflecting growing confidence in the region’s AI-driven innovation. Wood said Chinese tech valuations remain about half those of U.S. peers, making them increasingly attractive.

Ark’s funds also boosted exposure to Qualcomm (NASDAQ:QCOM), expanding its overall investment in the chipmaker to about $33 million, and added shares of electric vehicle maker BYD Company (BYDDF) as part of a broader bet on automation and robotics.

On the sell side, Ark trimmed positions in Advanced Micro Devices (NASDAQ:AMD) and Shopify (NASDAQ:SHOP), locking in gains and reallocating toward biotech and AI names.

Ark’s latest moves highlight a shift toward data, AI, and digital platforms as key growth themes heading into year-end.