Cathie Wood Loads Up Millions on Google, AMD in Bold ARK Shift

July 29 – Cathie Wood’s ARK ETFs tweaked their portfolios Monday, rotating into tech and biotech names as they fine?tune sector exposure.

The biggest addition came in ARKW, where ARK bought 181,640 shares of Alphabet (NASDAQ:GOOG) for roughly $35.3 million. The move underscores ARK’s confidence in Google’s AI and cloud ventures.

Across ARKK, ARKW, and ARKF, the funds picked up 572,853 shares of Bitmine Immersion Technologies (BMNR), totaling about $22.8 million. That stake reflects ARK’s ongoing bet on crypto?mining innovation.

Semiconductor favorite Advanced Micro Devices (NASDAQ:AMD) saw 25,155 new shares bought via ARKQ and ARKX, costing approximately $4.2 million. ARK remains bullish on AMD’s data?center GPUs.

On the sell side, ARKW trimmed 18,204 shares of Coinbase Global (NASDAQ:COIN) for $7.1 million and offloaded 119,090 shares of Robinhood Markets (NASDAQ:HOOD) across ARKW and ARKF for $12.5 million. The fund also pared back positions in CRISPR Therapeutics (NASDAQ:CRSP) and Genius Sports (NYSE:GENI).

Other purchases of a smaller amount were the 489,751 shares of atai Life Sciences (NASDAQ:ATAI) and the 10,113 shares of DoorDash (NASDAQ:DASH), whereas ARKQ bought Intuitive Surgical (NASDAQ:ISRG) and Intuitive Machines (NASDAQ:LUNR). It seems that the growth outlook is balanced by Wood and his team, who have been taking profits selectively in fintech and biotech.

This article first appeared on GuruFocus.